Posts Tagged ‘opportunity cost’

  • 16264_4.21_000002738246XSmall

    The Opportunity Cost of Presidential Relaxation

    Mar 23, 11 • 223 Views • No Comments

    Talking about presidential relaxation, financial historian John Steele Gordon reminds us that not so long ago, a President could have been unreachable. When the financial panic of 1907 struck, because Theodore Roosevelt was off hunting bears in the Louisiana...  [read more]

  • 16246_3.14_000009525838XSmall

    A Budget Question

    Mar 14, 11 • 242 Views • No Comments

    Thought to have saved many lives, a Japanese early warning system sent a media alert seconds before the earthquake struck.  The system took 12 years to implement and cost close to $500 million. A similar warning system for the U.S. west coast is being...  [read more]

  • Prices convey information.

    Giving Life a Price

    Feb 19, 11 • 273 Views • No Comments

    The people at OSHA (Occupational Safety and Health Administration) have been watching “Spider-Man.” Because of actors’ injuries during performances, the federal agency that monitors workplace safety went to Broadway. Should they? It is all...  [read more]

  • 16173_2.5_000009444952XSmall

    Military Business

    Feb 5, 11 • 260 Views • No Comments

    Choosing between “guns and butter” (or missiles and margarine), national leaders think of the military for guns and the private sector for “butter.” Not Egypt, though. As far back as the 1970s, when peace with Israel meant less to do...  [read more]

  • 16169_8.26_000005651286XSmall

    Getting the Most From Our Money

    Feb 3, 11 • 238 Views • No Comments

    In 2020, according to the World Health Organization, traffic fatalities will be the second leading cause of deaths in the world. Moreover, in the U.S. alone, approximately 57 million birds are killed by cars annually. (from Cool It, p. 154) So, asks Bjorn...  [read more]