A health-care economics primer for Dick Armey

I’ve been hesitant to post much about health-care reform in this blog, because compared with people like Maggie Mahar and Jonathan Cohn and Tyler Cowen and Brad DeLong and the younger of two perfectly good Kleins, I just don’t know very much about health-care economics. But I’ve learned from reading the exchange between Joe Klein [...]

Talking about Chinese currency on PBS tonight

I have joined the rotation of regular commentators on PBS’s Nightly Business Report. Or maybe I should wait until they actually ask me back to say that. In any case, my commentary on China and its currency-manipulating ways (which I defend) is scheduled to air tonight. The show is on WNET in New York at [...]

Another important hedge-fund-related innovation: the postnup

The you-gotta-love-hedge-funds argument, espoused by the likes of Sebastian Mallaby, rests heavily on the assumption that hedge funds spur important innovations that in turn make our economy better, stronger, faster. Here, from the FT, is striking evidence of such innovation: At least one US hedge fund is refusing to take on new partners until they [...]

Everybody likes pictures of fireworks, right?

Princeton, New Jersey, Saturday night. Not taken with my cameraphone. (My brother, appalled at some of my past photographic efforts in this blog, has just sent me a copy of National Geographic’s The Camera Phone Book: How to Shoot Like a Pro, Print, Store, Display, Send Images, Make a Short Film. Thanks, Harry! I’ll get [...]

The cellphone police, coming soon to a school near you

As part of this week’s continuing series on my son’s friends’ siblings in the news, here’s an interesting story from today’s NYT: When Olivia Lara-Gresty saw the metal detectors at the entrance of Middle School 54 on the Upper West Side, she turned around and ran home to ditch her contraband before joining her sixth-grade [...]

Andy Grove gets modest about health care reform

Former Intel boss Andy Grove has a letter to the presidential candidates in the latest Fortune. An excerpt: Your staff is probably working on a big, ambitious plan to fix health care. Depending on whether you lean left or right, it’s either a universal health-care plan or a way to increase market influence throughout the [...]

New column: ExxonMobil likes paying its shareholders more than drilling for oil

My latest column is in the issue of Time with an ice-cream sundae on the cover and online here. It begins: In January 1981, as gasoline prices set all-time highs in the wake of the Iran-Iraq war, oil giant Exxon announced that it would pour $11 billion into capital investment and exploration over the course [...]