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A Terrible Idea

Friday, September 19th, 2008

The SEC bans the short-selling of financial stocks. This is a sad day. Fear and politics triumph over individual freedom and sound policy. Arnold Kling offers a primer on short-selling and why stock prices can fall even if no one is “shorting.” Tyler Cowen notes that investors are still able to short the exchange traded […]

Agricultural Inconsistencies: Senegal

Saturday, May 24th, 2008

It seems like just the other day that Bono was vilifying developed countries for flooding the world markets with cheap food.  Consider this excerpt from a news article leading up to the 2006 G8 summit: In Senegal, a resilient showcase of democracy in a continent otherwise pervaded by corrupt dictatorships and brutal wars, producers of […]

Tips at Starbucks

Monday, March 31st, 2008

A little over a week ago, a superior court ruled that Starbucks was violating California law by compensating shift supervisors out of the tip pool. The judge ordered Starbucks to pay baristas over 100 million dollars in illegally distributed tips. Under California law, employers are not allowed to pay managers out of tips. California Labor […]