Friday, April 4, 2014

THE TEA PARTY ECONOMIST 04/04/2014

Google’s New App Updates Reducing Consumers Privacy
The latest smartphone update released by Google sounds like it’s engineered to make your virtual life a lot simpler by logging you into all of your Google apps at once. What it actually does is track more of your personal data and allow for better targeting than ever before. In the newest Gmail app update […] READ MORE

This Man’s Artifact Collection Suddenly Investigated by FBI
When Andi Essex got an eyeful of Don Miller’s gigantic basement collection of artifacts he’s acquired from his travels around the world, she was enthralled. “It’s unreal,” Essex told WISH-TV in Indianapolis, adding that the “full skeleton is what blew my mind” and that her “favorite” was Miller’s piece of Hitler’s bunker. The 91-year-old is […] READ MORE


Bob Costas Misses The Mark With Challenge To His Gun Critics
A gun by itself cannot kill; a person needs to be present to pull the trigger. Before the trigger can be pulled someone needs to fill the magazine with ammunition or slide a single bullet into the chamber. A gun cannot chamber a round by itself. Without completing these essential steps a gun is no […] READ MORE


Oh The Irony: Discrimination Investigation Accused Of Discrimination
The federal agency tasked with investigating allegations of discrimination in consumer financial transactions was accused of discriminatory treatment of its own employees in a House Financial Services Committee hearing on Wednesday. Angela Martin, a senior enforcement attorney with the Consumer Financial Protection Bureau (CFPB), alleged that a ring of managers within the CFPB favors men […] READ MORE

Another Fatal Shooting At Fort Hood
Less than five years after an Army psychiatrist went on a shooting rampage at Fort Hood, the military base has been shaken by another shooting. Nidal Hasan, convicted in the Nov. 5, 2009, tragedy that left 13 dead and 31 wounded, was sentenced to death by a military jury in August 2013. Prosecutors had sought […] READ MORE

Data Confirm: Earthquakes Not Good for Boosting Output
Tyler Cowen links to a paper by Johannes Wieland. The following excerpt from the paper should give you some insight into the state of formal economics: Standard sticky-price models predict that temporary, negative supply shocks are expansionary at the zero lower bound (ZLB) because they raise inflation expectations and lower expected real interest rates, which […] READ MORE

Home Prices Reach Peaks in 4 States
Despite harsh weather, home prices in the U.S. held up in February, with four states setting record highs, according to CoreLogic data released Tuesday. Home prices in Colorado, Nebraska, North Dakota and Texas hit peaks, and another 18 states were within 10% of their peak prices (see the above chart from CoreLogic). Factors driving home […] READ MORE

Sniper’s Accuracy And Creative Thinking Prevent Terrorist Attack
Talk about biting the bullet! Or, getting the biggest bang for your buck. During a December 2013 operation in Afghanistan, a British sniper killed six Taliban fighters with a single bullet. British and Afghan forces were attacked by 15-20 Taliban fighters during a mission in southern Afghanistan. One of the men was wearing an explosive […] READ MORE

Video: Pelosi Won’t Make Obamacare Central Part of Reelection Campaign
While Democratic House Minority Leader Nancy Pelosi took an Obamacare victory lap Tuesday afternoon, she appeared hesitant to make the law the central plank in her party’s push to win in 2014, telling reporters that “while we’re proud of the Affordable Care Act, we now pivot to jobs.” Pelosi appeared in front of the White […] READ MORE

How to Give Away a Billion Dollars
Yesterday, I wrote an article about the difficulties associated with giving away $1 billion in a 12-month period. I said that I would deal today with how I would do it. Here’s how I would do it. In giving away money, I want to get the most bang for my buck. That phrase comes out […] READ MORE

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