1. New econ blog from Harvard Business School.
2. Airline industry woes, and their economic roots, from Air Genius Gary Leff.
3. Halting arbitrage: the "Nebraska put" is now limited to infants.
4. Eric Posner on the new world order to come.
Assorted links
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Why do I get the impression that if the minds behind the Global Trends report covered entertainment they’d be predicting that by 2025 every television show would be an American Idol spinoff, and that Rihanna’s children would be atop the billboard charts. They would also be expressing surprise that their 2004 prediction that Ludacris would own global music production by 2020 looks unlikely to be realized.
I’m surprised (I guess I shouldn’t be) by both the skewed coverage of this report, which focuses almost exclusively on “SUNSET FOR USA POWER” (as Drudge puts it), and ignores such whoppers as the projection that China’s economic growth will dramatically slow or even “recede.” But then, these reports are always so overwhelmingly negative toward the U.S. that I guess it’s to be expected. It seems everyone else is given the benefit of the doubt in gaining power and wealth, while the U.S. is a hapless duck in the water.
lol, the volokh folks and the rest of their cohorts in pajamas media don’t have the slightest clue about the new world order. those silly kids still think 9/11 was pulled off by a guy in a cave, they ain’t gonna be too skilled at seeing the future if they refuse to see the past.
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