Assorted links

1. Via Jura Stanaityte, Ten simple rules for choosing industry vs. academia.  More simple rules here.

2. Is Bayh-Dole a "drug tax"?

3. "Tell-all" book about IKEA.

4. Countercyclical asset: haunted house novels?

5. China's empty city (of the day).  YouTube.  At about 1:20 you will see that a city built for one million residents remains empty, a' la Austro-Chinese business cycle theory.  "Ordos was a government idea, an infrastructure project taken to its limits, the motivation was likely gdp…"  — can you get better than that?  After the first minute or so the video is stunning.


@5 "Almost every single one of these apartment units have been sold, but no-one is living in any of them. And that's because most of the buyers are holding these as investments."

There's something going on here under the surface. Time for a Chinese housing crash?

Also, the Tsinghua professor interviewed in the video has a blog.

The Bayh-Dole story is pretty outdated -- a lot of relevant stuff happened between 2005 and now!

The IKEA story is interesting for its retractions. Some of the quoted language is retracted: "These statements are untrue and are hereby retracted." But the retraction is ambiguous.

The retractions are allegations attributed to Stenebo. It is unclear to me whether the retraction is of the claim, i.e., that IKEA bribed NGOs, or the attribution of the claim to Stenebo.

This is important, for it reflects on the reporters and Stenebo. I am not sure whether the reporter misrepresented Stenebo's claims or whether Stenebo misrepresented IKEA's acts. If it is the first, what kind of reporters are there? If it is the latter, can we believe what Stenebo writes?

Thought this was interesting, although it is a bit old.
"Futures in Betting on the march of swine flu" - financial times

This is not the first good Al Jazeera video that I have found to illustrate economic ideas. They had two good videos on hyperinflation in Zimbabwe. (See links at I have not found anything from an American network that is comparable. I am now wondering if the people watching Al Jazeera may not be getting a better view of what is happening in the world than those who watch CNN or any of the other American networks.

I find Al Jazeera the best cable news network in general (unless they're reporting about Israel and Palestine, of course). They don't seem to have figured out that good journalism is not as profitable as live coverage of the latest balloon boy-type story. I hope they never do.

"you know that you will need a good post-doc or two before you can be seriously considered for a junior faculty position. .... While you may not relish extending your indentured servitude in academia,...". Bruce Charlton has opined that this academic employment system screens out too many of the very people you need for genuinely creative science.

5 Further to all comments above on AlJazzeera , an article by Kaplan in THE ATLANTIC :

If Bayh-Dole is a good idea, why are we as taxpayers paying so much for drugs developed only because we as taxpayers funded the research that led directly to the drug discovery?

It has been a real jobs bill for lawyers and bankers.

BBC World is pretty good in its international coverage also. They just ran a story about Human Rights Watch's report on Beijing's "black jails": illegal detention centers run by corrupt provincial officials to detain people who complain about said corrupt provincial officials to the central government.

CNN is mostly sensationalist garbage.

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