This is tragicomic:
Enrollment rates are far higher than completion rates. Many college students drop out before completing their degree. Less than 60 percent of first-time full-time students seeking a bachelor’s degree at four-year institutions in 2000-1 completed that goal at that institution within six years (it’s difficult to track students who transfer to other institutions).
In [...]
MacroFinance
Reality-based macroeconomics, finance and more.
Author Archives: Arnav
Give Them Six Months for $1
Walgreen’s Buys a Small Chain
And not one of those cheap chains either. Walgreen’s buys Duane Reade. Here’s The Curious Capitalist on the issue:
Duane Reade was a ratty little downtown cut-price operation until management decided that the key to drug retailing isn’t service—theirs was awful — but location. In the great space race of the last decade Duane Reades began [...]
RIP J.D. Salinger
J.D. Salinger, author of such classics as Catcher in the Rye and Franny and Zooey, has died.
Mr Salinger died of natural causes at the compound in New Hampshire where he had hidden from view since 1953, declining attempts to turn his novels into films, refusing to repackage his short stories in anthologies, deterring biographers and [...]
Don’t Do It! (Part 2)
Don’t pay your mortgage, that is. On purpose. That’s right. Just walk away from it. Roger Lowenstein in yesterday’s NYT:
…voluntary defaults are a new phenomenon. Time was, Americans would do anything to pay their mortgage — forgo a new car or a vacation, even put a younger family member to work. But the housing collapse [...]
Deficit Decrease Delay
Looks like the deficit in Q1 of FY 2010 was about $56 billion more than the same time last year. Although spending went down, revenues went down even more. Here’s what CBO Director Douglas Elmendorf had to say on his blog:
The federal budget deficit was about $390 billion in the first quarter of fiscal year [...]
Don’t Do It!
Don’t get a Ph.D. in the humanities, that is. Unless you fulfill one or more of the following criteria:
You are independently wealthy, and you have no need to earn a living for yourself or provide for anyone else.
You come from that small class of well-connected people in academe who will be able to find a [...]
Studying Sex
A new study measures gender differences in responses to sex:
Led by Queen’s University Psychology professor Meredith Chiversk (sic), the study found that men’s reports of feeling sexually aroused tend to match their physiological responses, while women’s mind and body responses are less aligned. [link]
It’s actually Meredith Chivers – who is a bit of a celebrity, [...]
Happy New Year
I know there are a few regulars (thanks, mom!), so welcome to the new year, the new theme and the new name. I’m trying to get trendy here (is that even possible?).
Happy New Year to all.
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The Shadow Economy, or is it the Economy’s Shadow?
Colbert gives us an inside-look into the inner workings of the Fed:
The Colbert Report
Mon – Thurs 11:30pm / 10:30c
Unemployment Numbers Breakdown
Brad DeLong gives us the real unemployment rate:
The real unemployment rate–the share of Americans who say that they are actively looking for work and don’t have jobs–has been drifting down since late spring–from 9.7% in June to 9.4% in November. The seasonally-adjusted unemployment rate over that same period has risen from 9.5% to 10.0%, as [...]