Monday, April 18, 2011

Monday Links

1. The Lost Beatles Photos: Rare Shots From 1964-1966.

2. Sales tax receipts rise in metro Chicago, signaling retail revival.

3. There is an active trade for Apple’s latest gadgets in China, and it’s evident in long lines of Chinese camping overnight outside NYC Apple’s stores waiting to buy the products — originally made in China — to send them back to that country for resale. 
  
4. In a blind taste test, most people are unable to distinguish between expensive and cheap wine

5.  From a Princeton  University Working Paper: "When we adjust for unobserved student ability by controlling for the average SAT score of the colleges that students applied to, our estimates of the return to attending a highly selective college fall substantially and are generally indistinguishable from zero."

6. Detroit Moves Against Unions: "Detroit Mayor Dave Bing presented a $3.1 billion annual budget to City Council in which he proposed substantial cuts in city workers' health care and pensions to close an estimated $200 million budget gap."

Thanks to Steve Bartin, Paul Kedrosky, Ben Cunningham and Pete Friedlander. 

4 Comments:

At 4/18/2011 8:14 AM, Blogger juandos said...

Hmmm, the bit about sales receipts rising in Chicago is interesting...

I'm a bit confused by the linked article since I can't determine if there were more sales which in turn increased tax receipts or since tax rates increased in Chicago, Cook county, and the state of Illinois is the actual reason for higher tax receipts...

The following is from the TaxProf: Indiana and Wisconsin Court Illinois Businesses Fleeing 66% Individual and 46% Business Tax Hikes

 
At 4/18/2011 10:58 AM, Blogger Buddy R Pacifico said...

Monday Link #3:

Why would you buy an I Phone in the U.S. and send it to China, when I Phones are sold in China?

U.S. I Phones are much less expensive.

The I Phone sold in China does not include WiFi and Video recording among other features.

 
At 4/18/2011 12:01 PM, Blogger Benjamin said...

Re cheap wines:

I usually serve chilled Ripple or Thunderbird with little complaint. If wines have a metal, screw-top as opposed to a cork, you know you have the good stuff.

 
At 4/18/2011 1:55 PM, Blogger Ron H. said...

Buddy

"Why would you buy an I Phone in the U.S. and send it to China, when I Phones are sold in China?

U.S. I Phones are much less expensive.
"

Thanks for the link. We should expect something like this to be the case. This is a perfect example of government interference in a market harming consumers, in this case Chinese consumers, and reinforces the notion that demand WILL be satisfied, if necessary by the black market.

 

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