Financial Integration, Investment, and Economic Growth

In our forthcoming The Review of Economics and Statistics paper: Financial Integration, Investment, and Economic Growth. Evidence from Two Eras of Financial Globalization, we turn to the economic history of the first era of financial globalization (1880-1914) for new insights into whether international financial integration boosts economic growth.

Insurance Companies Are All About Denying Coverage

I have health insurance that I pay for myself " more than $400 a month for an individual policy ($1,500 deductible per occurrence). I severely injured my left knee in December during a blizzard. It was so painful that I couldn't walk. I had surgery Jan. 27. My insurance company -- Golden Rule, a division of United Healthcare -- has denied covering the surgery, claiming a "pre-existing condition" because I have arthritis.

Earnings -- Who Knew?

With a slew of major companies reporting earnings so far, it's clear that expectations were severely skewed to the negative. Once again, Wall Street analysts overshot - this time to the downside.

New York Senate Race: Trippi's Weird 'Apology'

Joe Trippi, who has been working secretly for Congresswoman Carolyn Maloney (NY-14) in her primary challenge to Sen. Kirsten Gillibrand for more than a month, posted an odd "apology" for his deception (which occurred here, at Huffington Post and with several reporters) on his website yesterday.

House Committee Approves Kucinich Amendment

Dennis Kucinich: With your support, your phone calls, your emails, we won a major legislative victory today for a state single payer health care option in the House of Representatives in Washington, DC. The House Education and Labor Committee approved the Kucinich Amendment by a vote of 27-19, with 14 Democrats and 13 Republicans voting yes.

Amazon Caught Deleting Books on Customer Kindles

In a not very widely reported story, Amazon recently acknowledged remotely deleting books on customers Kindle e-book readers. Tom's Guidesaid it best: "In what is glaring irony, George Orwell's 1984 and Animal Farm were the two books that the publisher decided it no longer wanted Kindle owners to have access to."

The Big Health-Care Debate and Accounting Fraud

I'm not an economist or accountant. I'm a molecular physicist. As such, I do a sort of accounting as well: I do thermodynamics, which is basically the subject of how energy moves around. So, you'd think the accounting is pretty easy, what goes in stays in or comes out. But is it always that simple? And what does this all have to do with health care? Well, the thing about thermodynamics is that while the basic rules are quite simple, it's not actually that simple to figure out what's going on in a particular situation.

Lives Changed Forever by Tainted Food

I began my career as a food safety attorney because Lauren Beth Rudolph died on December 28, 1992 in her mother's arms, due to complications of an E. coli O157:H7 infection - Hemolytic Uremic Syndrome. She was only 6 years, 10 months, and 10 days old when she died.

Some Thoughts on the Death of the World's Oldest Man

I had been mulling over the matter of when wars start and end when I heard the news today of the death of the world's oldest man, Henry Allingham at 113. He was a veteran of "The Great War" and one of three surviving British veterans.

Why Do You Want My Gun?

Back in 1993, I was 21 years old and worked as a clerk in a 7-11 convenience store. One evening, while working the swing shift, I was robbed at gunpoint. When you advocate for handgun bans and gun control, I just shake my head. Obviously, you've never had to deal with a stranger threatening to take your life or the life of your family.