Posts Tagged ‘opportunity cost’

  • How much should cities plan for the storm of the century?

    Opportunity Cost: Preparing for Sandy and Katrina

    Dec 22, 12 • 606 Views • No Comments

    After every storm of the century, we ask why we didn’t prepare sufficiently. For Katrina it was better levee protection. And now, for Sandy, I just heard that the PATH–underground trains between NJ and NYC–had 4 foot flood gates (some news......  [read more]

  • How much should cities plan for the storm of the century?

    Storm Warnings

    Oct 28, 12 • 527 Views • No Comments

    Some thoughts today about predicting natural disasters. Weeks before 308 people perished in L’Aquila from an earthquake, a government commission proclaimed the chance was slim that a disaster would occur. It did happen and now, the 6 scientists and......  [read more]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 982 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for......  [read more]

  • Our Transportation Infrastructure is Crumbling

    Who Will Pay For Our Roads?

    Sep 18, 12 • 611 Views • No Comments

    In President Obama’s State of the Union address last January, he referred to the problem of our crumbling transportation infrastructure. One solution is at the gas pump. When you filled your tank, you paid for fuel and probably also a road. In 1956, the......  [read more]

  • QE3 and the Baby Boomers

    Sep 14, 12 • 585 Views • No Comments

    At the beginning of yesterday’s QE3 press conference, Fed Chairman Ben Bernanke referred to the plight of savers. Similarly, during an August “Conversation With the Chairman,” Dr. Bernanke was asked, “What about the savers?” Both......  [read more]