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Tuesday's Assorted Links
Nobel prizes, productivity, sea salt, Amazon closures, OPEC
Hi, y’all! Here are 5 stories from the past week that I thought you may also find interesting:
Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig [Reuters]
Productivity is down 4.1% on an annualized basis, the biggest decline since the government started keeping track of the number back in 1948. [NPR]
When the seawater turns pink, poor Venezuelans rush to cash in [Bloomberg]
After a rapid expansion during the pandemic, Amazon has now closed more than 20 logistics centers with 50 more in sight [CNBC]
OPEC tries to keep oil prices high by reducing supply by 2 million barrels [Fortune]
Yesterday I wrote about a new survey that found fewer people were planning to get a flu shot this year. That behavior is in line with our understanding of positive externalities:
Week 40 is over and I’m still at 42 books for the year. I’m close to finishing two books this week: Will by Will Smith and Betty by Tiffany McDaniel. I have about 100 pages left in each of them so I’m optimistic you’ll get a review next week. One of them I have been really enjoying and the other has been somewhat of a slog. We’ll see how the last 100 pages turn out.
If you’re looking for a book by one of this year’s Nobel prize winners, I have been told that Courage to Act was a good one. It’s been on my “to read” list for a while and perhaps now is the time for me to finally read it.