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Dollar General Hits a Gold Mine in Rural America - Bloomberg
“It reminds me of a craps table,” Brown, the commercial real estate analyst, says. “Essentially what the dollar stores are betting on in a large way is that we are going to have a permanent underclass in America. It’s based on the concept that the jobs went away, and the jobs are never coming back, and that things aren’t going to get better in any of these places.”

HOW DOLLAR GENERAL BECAME RURAL AMERICA’S STORE OF CHOICE: https://www.wsj.com/articles/how-dollar-general-became-rural-americas-store-of-choice-1512401992

The Supply Chain In Lieu Of The Welfare State: https://gnxp.nofe.me/2017/12/04/the-supply-chain-in-lieu-of-the-welfare-state/

http://marginalrevolution.com/marginalrevolution/2018/01/u-s-fact-day-2.html
“Over the last five years a new Dollar General opened every four-and-a-half hours…”

That is from The Economist. The article attributes much of the success of the chain to its location decisions, such as opening near churches, schools, highways, and post offices.
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october 2017 by nhaliday
American income statistics aren't quite what people are saying they are — Adam Smith Institute
not very convincing rebuttal to wage stagnation, frankly (yes a few products have gotten cheaper/better, but do you have some sort of rigorous PPP adjustment via a representative basket of goods? healthcare is probably not all that much better...)
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september 2017 by nhaliday
Plastic fibres found in tap water around the world, study reveals | Environment | The Guardian
Scores of tap water samples from more than a dozen nations were analysed by scientists for an investigation by Orb Media, who shared the findings with the Guardian. Overall, 83% of the samples were contaminated with plastic fibres.

We are living on a plastic planet. What does it mean for our health?
New studies reveal that tiny plastic fibres are everywhere, not just in our oceans but on land too. Now we urgently need to find out how they enter our food, air and tap water and what the effects are on all of us

The US had the highest contamination rate, at 94%, with plastic fibres found in tap water sampled at sites including Congress buildings, the US Environmental Protection Agency’s headquarters, and Trump Tower in New York. Lebanon and India had the next highest rates.

...

Current standard water treatment systems do not filter out all of the microplastics, Mahon said: “There is nowhere really where you can say these are being trapped 100%. In terms of fibres, the diameter is 10 microns across and it would be very unusual to find that level of filtration in our drinking water systems.”

Bottled water may not provide a microplastic-free alternative to tapwater, as the they were also found in a few samples of commercial bottled water tested in the US for Orb.

Sea salt around the world is contaminated by plastic, studies show: https://www.theguardian.com/environment/2017/sep/08/sea-salt-around-world-contaminated-by-plastic-studies
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september 2017 by nhaliday
Beijing’s uneasy deals with overseas car groups under strain
The new EV joint ventures are part of a Chinese effort to master the technology for electric vehicles — and rely on a tried and tested model of working with the global car industry since the 1980s. In a nutshell, joint ventures are the only way for foreign groups to access the world’s largest and most lucrative market. China gives the overseas companies the right to sell cars in exchange for their technology, management expertise and a share of their profits. 

“China’s central planners said ‘how can we basically force global automakers to participate and bring their very best electric vehicle technology to China?’” says Michael Dunne, president of Dunne Automotive, a Hong Kong-based car consultancy. 

Since 1984, starting with Jeeps, foreign carmakers have been allowed to produce cars in China — but only in concert with a local partner holding at least 50 per cent of the venture. In practice, this is almost always one of six anointed state companies. 

While widely criticised as a trade barrier, the JV law managed to survive China’s entry into the World Trade Organisation in 2001 — testament to Beijing’s bargaining power. Now China is using an updated version of the JV law to once again dangle access to its car market in exchange for technology — this time for new electric vehicles. 

The results of the three-decade-old policy have been mixed. Rather than transforming Chinese car companies into technology giants, the joint venture companies have arguably made Chinese carmakers complacent, according to Chinese policymakers. He Guangyang, a former minister of industry, controversially described the JVs as “like opium” in an interview five years ago.

...

This has created fears that their proprietary technology could be stolen. Over the past two decades, foreign makers of everything from high-speed trains to fighter planes have licensed the technology to local Chinese partners only to find a few years later that their partner is a major international competitor. 

In order to keep this from happening, foreign carmakers are trying to give away as little as possible — and keep sensitive items, such as software codes, outside of China. In the past, foreign companies have managed to evade similar requirements simply by bringing in outdated technology, which has angered Chinese policymakers. 

...

Weeks later Miao Wei, minister of industry and information technology, told a press conference that the notion foreign companies would have to transfer technology to Chinese companies was a “misunderstanding”. 
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september 2017 by nhaliday
My Retort to the Adam Spliff Institute's Latest Effusion of Drivel - Mail Online - Peter Hitchens blog
It’s time to rename the ‘Adam Smith Institute’, now captured by drug legalisers. Something tells me the Scotch moralist wouldn’t have thought a stupefied and acquiescent population the best basis for civilisation, wealth or morality.

So I suggest calling this screeching nest of mentally pubescent drug zealots

The Adam Spliff Institute

I am moved to this suggestion by their latest attempt to debate the drug issue. I say ‘attempt’ because they really have very little idea of how to argue.
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august 2017 by nhaliday
Why is there tension between China and the Uighurs? - BBC News
China created a new terrorist threat by repressing secessionist fervor in its western frontier: https://qz.com/993601/china-uyghur-terrorism/
Chinese Official Floats Plan to “Stabilize Fertility” Among Some Uighurs: http://foreignpolicy.com/2014/08/08/chinese-official-floats-plan-to-stabilize-fertility-among-some-uighurs/
China's Restive Xinjiang Province Changes Family Planning Rules to 'Promote Ethnic Equality': http://time.com/4881898/china-xinjiang-uighur-children/
Ban Thwarts 'Year of the Pig' Ads in China: http://www.npr.org/templates/story/story.php?storyId=7213210
For Some Chinese Uighurs, Modeling Is A Path To Success: http://www.npr.org/sections/parallels/2017/09/27/553703866/for-some-chinese-uighurs-modeling-is-a-path-to-success

https://twitter.com/nmgrm/status/942785710695751680
https://archive.is/LjOJz
>A mural in Xinjiang reads "Stability is a blessing, Instability is a calamity," Yarkand, Xinjiang Uyghur Autonomous Region, China on September 20, 2012

China 'holding at least 120,000 Uighurs in re-education camps': https://www.theguardian.com/world/2018/jan/25/at-least-120000-muslim-uighurs-held-in-chinese-re-education-camps-report
US-backed news group claims Mao-style camps are springing up on China’s western border

https://www.nytimes.com/2018/02/02/opinion/china-uighurs-xinjiang.html
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august 2017 by nhaliday
Seven charts that show how the developed world is losing its edge
Savings China’s gross savings (at market exchange rates) are nearly as large as those of the US and EU combined. China saves almost half of its national income. This extraordinarily high share is likely to fall but that decline is set to be gradual, since Chinese households are likely to remain frugal and the share of profits in national income is likely to remain high.

80% of the US had no real increase in income 2005 to 2012-2014

Time to worry about the American consumer?: https://ftalphaville.ft.com/2017/08/03/2192172/time-to-worry-about-the-american-consumer/
Two basic ways to spend more money: you can earn more and save the same, or you can earn the same and save less. Newly revised data from the Bureau of Economic Analysis show that American consumers have spent the past two years embracing option 2. The average American now saves about 35 per cent less than in 2015:

...

Not since the beginning of 2008 have Americans saved so little — and that’s before accounting for inflation. It could be a sign of trouble ahead.

https://twitter.com/menangahela/status/956993883556208641
https://archive.is/HKov7
this seems not good

China's Financial Debt: Everything You Know Is Wrong: http://www.unz.com/article/chinas-financial-debt-everything-you-know-is-wrong/
As China Piles on Debt, Consumers Seek a Piece of the Action: https://www.nytimes.com/2017/09/25/business/china-debt-consumers.html
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july 2017 by nhaliday
China ponders public morality after video of gruesome death - ABC News
Even as China presents itself outwardly as a prosperous rising power, around kitchen tables and in private WeChat groups, Chinese citizens routinely grumble about a nation that's gone bankrupt when it comes to two qualities: "suzhi," or "personal character," and "dixian," literally "bottom line" — or a basic, inviolable sense of right and wrong.

https://www.reddit.com/r/news/comments/6gjoht/china_ponders_public_morality_after_video_of/
The only term that can really be used for China is No good deed goes unpunished. From someone who's of Chinese ethnic but not a Chinese national who has lived in the mainlands for the last 10 years.

The stories about extortionists are real, and they happen all over China. I'm genuinely terrified to help say an elderly who slipped on the pavement, or got nicked by a passing moped because I have no idea whether the victim will point at me and claim I caused the incident and demand payment from me. Police are useless and more often than not will ask the wrongly accused to make a small payment to the "victim" and be on their way, a little money to save time arguing with the extortionist. This has happened so much people are now taking videos of them helping anyone, in case their good deed goes sour.

A news story from about 2 weeks back, a man knew a friend was a bit unhappy/feeling down and invited said friend to his home to talk about this, to cheer her up. When he had his back towards the friend while getting some fruits, she jumped out the balcony and died. The family sued the man for 300k, and the court upheld their lawsuit but toned it down to 80k, saying the man is 20% responsible for her death, claiming he knows the friend was unhappy and should have kept a closer eye on her. Trying to help a friend, and that's what you get for not being to help, imagine why people don't want to help anymore.

http://www.bbc.com/news/business-40351409
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july 2017 by nhaliday
One-for-One Rule - Canada.ca
How does it change current practices?
Businesses told the Red Tape Reduction Commission that the burden of existing regulation has been growing unchecked.

The One-for-One Rule requires regulatory changes that increase administrative burden costs to be offset with equal reductions in administrative burden. In addition, ministers are required to remove at least one regulation when they introduce a new one that imposes administrative burden costs on business.

Guidelines and tools are available to help departments and agencies implement these new requirements.
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june 2017 by nhaliday
To err is human; so is the failure to admit it
Lowering the cost of admitting error could help defuse these crises. A new issue of Econ Journal Watch, an online journal, includes a symposium in which prominent economic thinkers are asked to provide their “most regretted statements”. Held regularly, such exercises might take the shame out of changing your mind. Yet the symposium also shows how hard it is for scholars to grapple with intellectual regret. Some contributions are candid; Tyler Cowen’s analysis of how and why he underestimated the risk of financial crisis in 2007 is enlightening. But some disappoint, picking out regrets that cast the writer in a flattering light or using the opportunity to shift blame.
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june 2017 by nhaliday
Double world GDP | Open Borders: The Case
Economics and Emigration: Trillion-Dollar Bills on the Sidewalk?: https://www.aeaweb.org/articles?id=10.1257/jep.25.3.83
https://openborders.info/innovation-case/
https://www.economist.com/news/world-if/21724907-yes-it-would-be-disruptive-potential-gains-are-so-vast-objectors-could-be-bribed
The Openness-Equality Trade-Off in Global Redistribution: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2509305
https://www.wsj.com/articles/opening-our-borders-would-overwhelm-america-1492366053
Immigration, Justice, and Prosperity: http://quillette.com/2017/07/29/immigration-justice-prosperity/

Some Countries Are Much Richer Than Others. Is That Unjust?: http://quillette.com/2017/07/23/countries-much-richer-others-unjust/
But we shouldn’t automatically assume that wealth disparities across the world are unjust and that the developed world owes aid as a matter of justice. This is because the best way to make sense of the Great Divergence is that certain economic and political institutions, namely those that facilitated economic growth, arose in some countries and not others. Thus perhaps the benevolent among us should also try to encourage – by example rather than force – the development of such institutions in places where they do not exist.

An Argument Against Open Borders and Liberal Hubris: http://quillette.com/2017/08/27/argument-open-borders-liberal-hubris/
We do not have open borders but we are experiencing unprecedented demographic change. What progressives should remember is that civilisation is not a science laboratory. The consequences of failed experiments endure. That is the main virtue of gradual change; we can test new waters and not leap into their depths.

A Radical Solution to Global Income Inequality: Make the U.S. More Like Qatar: https://newrepublic.com/article/120179/how-reduce-global-income-inequality-open-immigration-policies

Why nation-states are good: https://aeon.co/essays/capitalists-need-the-nation-state-more-than-it-needs-them
The nation-state remains the best foundation for capitalism, and hyper-globalisation risks destroying it
- Dani Rodrik
Given the non-uniqueness of practices and institutions enabling capitalism, it’s not surprising that nation-states also resolve key social trade-offs differently. The world does not agree on how to balance equality against opportunity, economic security against innovation, health and environmental risks against technological innovation, stability against dynamism, economic outcomes against social and cultural values, and many other consequences of institutional choice. Developing nations have different institutional requirements than rich nations. There are, in short, strong arguments against global institutional harmonisation.
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june 2017 by nhaliday

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