Robert Maguire's Library tagged economy →  View Popular

• The 2010 Pentagon budget means "every man, woman and child in the United States will spend more than $2,700 on (defense) programs and agencies next year," reports the Cato Institute. "By way of comparison, the average Japanese spends less than $330; the average German about $520; China's per capita spending is less than $100."
• "(The Pentagon budget) dwarfs the combined defense budgets of U.S. allies and potential U.S. enemies alike," reports Hearst Newspapers.
• "President (Obama) is on track to spend more on defense, in real dollars, than any other president has in one term of office since World War II," reports National Journal's Government Executive magazine.
• In 2000, the Pentagon admitted it has lost -- yes, lost -- $2.3 trillion. In 2003, the San Francisco Chronicle reported that a subsequent Department of Defense study said it was only $1 trillion. To put such numbers in perspective, contemplate what those sums could finance. $1 trillion, for instance, could pay the total cost of universal healthcare for the long haul. $2.3 trillion would cover universal healthcare plus the bank bailout plus the stimulus package.

Their results show a strong correlation between economic growth and
certain shifts in beliefs, though only in developing countries.

Most
strikingly, if belief in hell jumps up sharply while actual church
attendance stays flat, it correlates with economic growth. Belief in
heaven also has a similar effect, though less pronounced. Mere belief
in God has no effect one way or the other. Meanwhile, if church
attendance actually rises, it slows growth in developing economies.

Released yesterday:

(1) Smaller government, smaller national debt, lower deficits and lower taxes by opposing bills like Obama’s “stimulus” bill
(2) Market-based health care reform and oppose Obama-style government run healthcare;
(3) Market-based energy reforms by opposing cap and trade legislation;
(4) Workers’ right to secret ballot by opposing card check
(5) Legal immigration and assimilation into American society by opposing amnesty for illegal immigrants;
(6) Victory in Iraq and Afghanistan by supporting military-recommended troop surges;
(7) Containment of Iran and North Korea, particularly effective action to eliminate their nuclear weapons threat
(8) Retention of the Defense of Marriage Act;
(9)
Protecting the lives of vulnerable persons by opposing health care
rationing and denial of health care and government funding of abortion;
and
(10) The right to keep and bear arms by opposing government restrictions on gun ownership

David Brooks: Asians place emphasis on context while Westerners place more emphasis on individuals. This seems like a gross generalization but it is robustly supported by hundreds and hundreds of studies. Richard Nisbett’s book, “The Geography of Thought” summarizes some of the evidence.

If you show Americans a fish tank, they’ll talk about the biggest fish in the tank. If you show Asians a tank they will make, on average, 60 percent more references to the context and the features of the scene. Western parents tend to emphasize nouns and categories when teaching their kids, Korean parents tend to emphasize verbs and relationships. If you show Americans a picture of a chicken, a cow and grass, they will lump the chicken and the cow, because they are both animals. Asians are more likely to lump the cow and the grass because cows eat grass. They have a relationship.

The mode of thought more common in Asia is better suited to the complex networks that make up the modern world. The contextual, associational style is simply more valid. The linear style we’ve inherited from the Greeks is less adaptive toward the modern age. I think the West may be doomed.

David Brooks: I haven’t even mentioned gender differences yet. I think the same things I’ve said about Asians can be said about women as compared to men.

I don’t know if you’ve had a chance to read this stuff as part of your book research, but my understanding is that the cognitive processing of male and female brains is mostly the same except for in one area: social cognition. Women, on average, pick up more social signals.

The recession made deficit cutting in the here and now imprudent in his first year; but now addressing the long-term debt is itself necessary for stabilizing the economy - and reassuring independent voters that he, unlike his predecessor, gives a damn about fiscal health. Well: the good news is that he's going to do exactly that:

President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning.

Instead, let’s just think about the business benefits of changing our products and processes to reduce carbon emissions, regardless of the atmospheric benefits. How will changing to a lower-carbon economy help companies? Well, there’s real money involved here — energy and other resources are getting fundamentally more expensive over time as demand around the world rises and supply gets harder to find. Oddly, the SuperFreakonomics authors acknowledge this Econ 101 supply problem in passing with the statement: “In just a few centuries, we will have burned up most of the fossil fuel that took 300 million years…to make.” So why wouldn’t we want to move away from a declining resource?

Put really simply, it saves money to reduce greenhouse emissions. It makes businesses more competitive to use less energy and to help customers do the same. It also creates jobs in a wide range of industries that help build a low-carbon economy — from the obvious solar panel builders and installers to the less sexy home weatherizers, electric vehicle manufacturers and mechanics, and building efficiency consultants and experts.