Results for “solve for equilibrium” 154 found
Under a 40% top federal marginal capital gains rate and 40% top federal income tax rate with 13% top state rates for each, a taxpayer in the top marginal bracket *gains post-tax money* by donating unrealized capital gains to charity instead of realizing the gain: pic.twitter.com/KkabmRU4N1
— Andrew Granato (@agranato42) April 22, 2021
Obviously there may be caps on such deductions, as discussed in the chain of tweets, and furthermore, if I understand this correctly it is normalizing the basis at zero. So you don’t have to take this entirely literally, but nonetheless it is an interesting comparison to consider — the return to selling shares just might not be that high, especially if you can get some non-tax benefits from the donation.
So if you compare the decision to buy equities to a real estate investment, which is probably not going to lose its more favorable capital gains treatment…
In their efforts to rein in illicit massage businesses across the country, police sometimes rely on sting operations in which undercover officers engage in sex acts with spa workers, according to law enforcement experts and police records reviewed by The Post. While such tactics are generally permitted by law…
The Seattle City Council is considering new legislation that would create a legal loophole that would make substance addiction, mental illness or poverty a valid legal defense for nearly all misdemeanor crimes committed in the city.
Here is the full article, via Bryan P.
Chinese government officials are warning their American counterparts they may detain U.S. nationals in China in response to the Justice Department’s prosecution of Chinese military-affiliated scholars, according to people familiar with the matter.
The Chinese officials have issued the warnings to U.S. government representatives repeatedly and through multiple channels, the people said, including through the U.S. Embassy in Beijing.
The Chinese message, the people said, has been blunt: The U.S. should drop prosecutions of the Chinese scholars in American courts, or Americans in China might find themselves in violation of Chinese law.
Here is more from the WSJ. Three to four years ago I used to explain to friends and family that I needed to visit China as much as possible very quickly, because soon enough my opportunities would be over. And it seems that now — even without the Covid factor — we have reached that point.
I now read quite a few public health experts on matters of the day, and I have noticed that none of them have condemned the British government for proceeding with the AstraZeneca vaccine trial, even after two adverse health events experienced by participants, noting that those events presumably have been examined and considered by the oversight committee.
At the same time, the American trial for AstraZeneca has remained halted. I also have not read any public health experts criticizing that decision either.
What is the most likely equilibrium to be holding here?
1. Public health experts don’t express many opinions, especially these days.
2. Plenty of commentators think the British decision to resume is rash, Tyler just isn’t reading enough of them.
3. Most public health experts think it is fine for the British to keep on going. But they won’t criticize the American trial halt, because their incentives and natural temperamental tendencies are to express mainly the risk-averse opinions, and rarely if ever say that the regulatory process should allow for more risk to be taken.
4. The mainly American experts actually are happy to see America free-riding upon British data, so they are content with things as they stand, but don’t want to quite come out and admit they enjoy exploiting the Brits.
5. In reality the commentators think the whole trial is so risky it never should have been started in the first place.
6. What they really enjoy writing is philosophical pieces about how social process have all these twists and turns, and natural bumps in the road, and so they don’t wish to work too hard to remove those bumps.
7. The public health experts think that Americans and British have optimally different tolerances for risk, and the split regulatory outcomes reflect that difference.
Seattle now has on its payroll a convicted pimp who once vowed to “go to war” with the city — a $150,000 “street czar” whose mission is to come up with “alternatives to policing,” reports said.
Andre Taylor — who appeared in the documentary “American Pimp” about his life as “Gorgeous Dre” — is getting $12,500 per month for a year, along with an office in Seattle’s Municipal Tower, according to the contract published by PubliCola.
It comes just a year after his organization, Not This Time, was paid $100,000 to sponsor a speaker series that was called “Conversations with the Streets.”
Here is the full story, which has further points of interest, via JK.
In a company memo, the chief executive of the politics news site said he supported staff members’ right to march, adding that the publisher would cover bail for any employee who is arrested…
According to several people with knowledge of recent discussions at Axios, Mr. VandeHei said he did not intend his note to actively encourage marching in protests. He has also reminded the staff that the company’s reporters still need sources to open up to them, and that appearing to take one side could jeopardize their position.
And for purposes of contrast:
Ethics guidelines at The Times — similar to many other newsrooms across the country — say the company’s journalists “may not march or rally in support of public causes or movements” or publicly take positions on public issues. It adds, “doing so might reasonably raise doubts about their ability or The Times’s ability to function as neutral observers in covering the news.”
Here is the full NYT story, via a loyal MR reader.
— FOX5 Las Vegas (@FOX5Vegas) June 4, 2020
What might be some alternate (if possibly slightly unfair) titles? How about
“A Swede by Any Other Name” or “America > Sweden”?
“Refuting Friedman-Savage, convexity all over”
“Their capitalist bosses made them turn out”
“They all supported lockdown in the poll”
The district governments of the metropolis that comprises Wuhan — the epicenter of the coronavirus outbreak in China — have announced plans to give cash rewards to local residential areas that have successfully curbed the spread of COVID-19.
The incentive rules stipulate that regions and large facilities, such as rural villages and apartment complexes, will receive up to 500,000 yuan ($72,000) for reporting no new cases of infection. Per the Beijing News (in Chinese), the policies were in line with a high-level initiative launched by the Wuhan municipal government on March 1 that mandates every resident to be thoroughly examined.
Here is more, via Slow Thinker.
GSK has made a corporate decision that while it wants to help in public health emergencies, it cannot continue to do so in the way it has in the past. Sanofi Pasteur has said its attempt to respond to Zika has served only to mar the company’s reputation. Merck has said while it is committed to getting its Ebola vaccine across the finish line it will not try to develop a vaccine that protects against other strains of Ebola and the related Marburg virus.
Drug makers “have very clearly articulated that … the current way of approaching this — to call them during an emergency and demand that they do this and that they reallocate resources, disrupt their daily operations in order to respond to these events — is completely unsustainable,” said Richard Hatchett, CEO of CEPI, an organization set up after the Ebola crisis to fund early-stage development of vaccines to protect against emerging disease threats.
Hatchett and others who plan for disease emergencies worry that, without the involvement of these types of companies, there will be no emergency response vaccines.
At an average cost of $531,373 per unit – with many apartments costing more than $600,000 each – building costs of many of the homeless units will exceed the median sale price of a market-rate condominium. In the city of Los Angeles, the median price for a condo is $546,000, and a single-family home in Los Angeles County has a median price of $627,690, the study states.
Here is further information, via Rob Moore.
Here is the full piece. I mostly agree, but wonder if foreign governments haven’t already been doing this for some time, but hoarding the information rather than releasing it to select American politicians (no reason to encourage them further, of course).
Yet GWU is taking a surprising and radical step that has prompted deep faculty anxiety: It is choosing to shrink — a lot.
Over the next five years, the private university just west of the White House aims to slash the undergraduate population of its D.C. campuses 20 percent. That would mean 2,100 fewer students, less tuition revenue and tough choices on whether to reduce faculty and financial aid or find other ways to balance the budget.
Many colleges have scrambled in recent times to cope with falling enrollment amid demographic upheaval. GWU provides the rare case of a school announcing in advance, as a public strategy, that it wants to get smaller…
LeBlanc declined to rule out faculty layoffs or other significant steps to reduce expenditures. He said those issues will be hashed out in consultation with faculty, trustees and others in the development of a strategic plan.
Here is more from Nick Anderson at The Washington Post. Keep in mind that universities cannot do much to control their labor costs in the short or even medium-run, and thus shifts in demand can have a spectacularly large impact on finances.
New York recently approved congestion pricing, a plan to make it more expensive to drive into the heart of Manhattan. Officials in New Jersey are enraged and have griped, half-jokingly, that it will cost less to travel to California than to cross the Hudson River.
And they are vowing revenge.
The mayor of Jersey City suggested that New Jerseyans should toll New Yorkers entering their state.