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Larry Chavis is clinical professor of strategy and entrepreneurship at the Kenan-Flagler Business School at UNC. He has taught there for 18 years on a renewable contract. He has now been told that his contract will not be renewed this year. The university has apparently acted in a totally legal way, but Chavis and his supporters are upset: Because of his long service, which seemed to promise some job security. Because a few of his lectures were apparently recorded, by built-in security camera. This arrangement is also apparently legal, though it seems tacky. As far as I know, the faculty...

Weekly jobless claims rose slightly to 238,000, above the 235,000 forecast. May housing starts dropped 5.5% to an annual rate of 1.27 million, below expectations. Building permits fell 3.8%, the lowest in four years. ... Economic data released Thursday morning revealed slightly higher-than-expected weekly unemployment claims, sharp contractions in housing starts and building permits, and a drop in a business outlook survey within the Philadelphia Federal Reserve District. Thursday’s Economic Releases: Key Highlights.. The number of people filing for jobless claims in the U.S. fell by 5,000 to 238,000 in the week ending June 15, slightly exceeding market expectations of...

NBC 5 learned more about how leaders at the state's largest power grid think it will perform during upcoming hot Texas summers. ERCOT and Public Utility Commission leaders updated lawmakers in Austin Wednesday morning after a striking new report issued by the grid operator. They've long known that ERCOT, the state's largest power grid, is most vulnerable on hot late-summer nights as the sun goes down. That's when the big chunk of energy generated by solar power goes offline. It gets worse if the wind goes down as well, and wind generators don't run. According to a report delivered to...

The Romans Invented Trains....... Almost | 15:28Paul Whitewick | 117K subscribers | 204,600 views | November 19, 2023

The New York Times Bidenomics apologist Paul Krugman took a detour from regurgitating his usual awful economic takes — AGAIN— to throw another fit over climate change “denial.” Krugman decried the “Stench of Climate Change Denial” in his latest May 27 screed. Krugman drummed up scare-porn over an alleged “emerging sewage crisis” along the Gulf and South Atlantic coasts and claimed it was due to rising sea levels caused by climate change. “In short, it’s not hard to see some terrible outcomes in the not-too-distant future, even before full global catastrophe arrives. Bad stuff is coming, and we’re already starting...

Artificial intelligence scientist Geoffrey Hinton, known as the “Godfather of AI,” is urging the British government to enforce a universal basic income (UBI) to cope with the impact of AI technology. Universal basic income is a social welfare system in which the government provides every citizen with a standard minimum income. These payments are unconditional and transferred to citizens on a regular basis without any pre-qualification. The concept is in keeping with the Marxist ideal of wealth redistribution and has been proposed by socialist figures such as Sen. Bernie Sanders (I-VT). Hinton told BBC Newsnight that a universal basic income...

– Contents of this video ---------------------------- 0:00 A Century of Underachievement 4:11 The Land of Silver 9:29 The Power Vacuum 11:16 The Pampas 14:42 As rich as an Argentine 19:30 The Decline of Liberalism 23:46 The Infamous Decade 27:20 The Rise of Populism 29:49 Isolation & Favoritism 36:31 Dynamic Stagnation 42:25 Fear, Secrecy and Sweet money 49:40 Democracy & Depression 57:33 A Nation Trapped by History

While the Fed is cleaning up some of the messes it made by printing money for 15 years, people on the Left want to make those messes even worse.A recent viral video receiving millions of views online explains why millions of American families continue to struggle with “Bidenflation.” Well, perhaps “explain” is too strong a term.In the video, an excerpt from the new leftist documentary Finding the Money, Jared Bernstein, chairman of the White House Council of Economic Advisers, discusses modern monetary theory—the idea that the federal government could eliminate the national debt simply by printing money. To say Bernstein’s...

On Wednesday, the government put out disappointing inflation statistics that show that inflation has accelerated to four-tenths of a percent last month. But that number seems unrealistically low to me. In the numbers, bureaucrats claimed that gasoline prices only went up 1.7% last month, which would be only five cents per gallon. On the New York mercantile exchange, gasoline has risen from around $2.10 per gallon in early January to around $2.75 on March 31st; that is up 30% in three months. Crude oil has risen from around $72 at the end of the year, to $83 at the end...

Nathan Frederiksen is doing pretty well for himself. He turns 40 this year and is on track to retire by 60. It takes some sacrifice — he drives the “unsexiest car ever,” takes a DIY approach to home repairs and doesn’t eat out much — but he’s able to save 10% of his income for retirement and maintain an emergency savings fund while supporting his wife and four children in the suburbs of Boise, Idaho. “I understand that I’ve been lucky with some of my job prospects, but I don’t make a crazy amount of money,” he told CNN. “I...

The kerfuffle over the relative merit of forcing “viewpoint neutrality” in history classrooms puzzles me. No wonder: Although an historian by Ph.D., I have taught mostly economics for almost three decades! Historians, and I daresay others teaching the human sciences, could learn much from what I call “econogogy,” specific pedagogical techniques employed by many, though by no means all, economists. Students pay tuition or incur debt to develop independent analytical-thinking skills (and to have some fun), not to learn the political opinions of professors that they could see for free on X or Facebook. Dramatic current events, from terrorist attacks...

Gilder Guideposts: Cacophonous are the voices decrying the implosion of “the U.S. Innovation Ecosystem,” as the Harvard Business Review puts it. Do not hope, the voices warn, to see in our future anything like the miraculous progress of the last two centuries, or even the last 50 years. It’s done. Tighten your belts. Supporting the doomsters are dozens of academic studies arguing that “big research,” whether at our great corporations or our universities, yields increasingly diminishing returns. Making headlines recently was a Nature study concluding, “We find that papers and patents are increasingly less likely to break with the past...

If you are at all interested in matters of climate and energy, you have probably read hundreds of articles over the past few years about the inevitability of the coming energy transition. A piece of the claimed inevitability is that all good and decent people support this transition as a matter of moral urgency; but it’s not just that. Nor is it just that government backs the transition with all its coercive powers, from subsidies to mandates to regulations. No, most importantly, the transition is said to have become inevitable due to unstoppable economic forces. Wind and solar are now...

The Dow Jones Industrial Average closed above 38,000 for the first time on Monday, setting a record high and capping a steady rise that stretches back to last week. The S&P 500 also reached a record high, closing at about 4,850. The tech-heavy Nasdaq inched up to 15,360 by the end of trading on Monday. The major stock indexes kicked off the year with sluggish performance but began to turn upward in the middle of last week. The recent surge follows a stellar showing for markets in 2023, driven in large part by optimism about the prospects for a "soft...

Introduction We are living in a time of grassroots demands to transform our built environment and our relationships with one another and the earth.2 To abolish prisons and police, rent, debt, borders, and billionaires.3 To decommodify housing and healthcare and to decolonize land.4 To exercise more collective ownership over our collectively generated wealth.5 Some of us are reimagining the state. Others are dreaming of moving beyond it.6 But these are more than dreams. These are demands for a democratic political economy. These demands increased in volume this year as the violence of policing continued, the fires burned in California and...

On Friday’s “CNN This Morning,” Chicago Mayor Brandon Johnson stated that local economies are going to be crushed by the migrant “crisis” and that Texas Gov. Greg Abbott (R) is “governing out of fear.” Johnson said, “[W]e have infrastructure in our local communities that [is] not designed to carry such a burden. Local municipalities are not structured to be able to carry the weight of a crisis like this. And I’ve sent a delegation to the border to see firsthand what our bordering cities are experiencing, and what we have said repeatedly is that there has to be better coordination....

As we look ahead to another year – and another presidential election, and another international Olympics, and all the other disparate opportunities for confusion that come with a new year in the modern world – it might be a pipe dream, but we should try to demand a return to honesty from our public figures. We can’t demand easy, painless answers; too many of the problems they’ve made for us will be painful to fix, no matter what course we take. But surely we can demand honesty, at least about the big picture. CARBON DIOXIDE One of the biggest lies...

We must have been fifteen or sixteen when we discovered the church visitor’s book. It was an old church, maybe medieval, and I would pass it with my school friends on our way to the town center. I’m not sure what possessed us to go in; it might have been my idea. I’ve always loved old churches. For a long time, I would tell myself that I liked the sense of history or the architecture, which was true as far as it went. Like the narrator in Philip Larkin’s poem “Church Going,” I would venture into any church I found,...

Ahead of the December meeting, one economist argued the Federal Reserve's "dangerously high" interest rate hikes are transitory, and that the Fed will make cuts in the first quarter of next year.On "Mornings with Maria," Monday, TrendMacro CIO Donald Luskin explained his frustration with the Fed's rate hike campaign and his economic outlook."Please, please, please, can we all stop listening to Jay Powell? Please. Mr. Inflation is transitory. He is still so embarrassed about that one. He's now insisting that his dangerously high-interest rates are not transitory. Oh, they will be," Luskin said. "Inflation is collapsing and he knows it....

The nearby cities of Cambridge and Chelsea have experimented with similar programs and supporters say it could be a boost to nearly 18% of Boston residents.