No, Jonathan Chait, Most College Teachers Hate Not Their Students But Their Administrators
The Federal Reserve Succession

More Noted for July 25, 2013

  • Jared Bernstein: The President’s Economics Speech, First Impressions: "I thought the President gave a resonant and powerful speech…. There’s little in here the President didn’t touch on back in 2005…. What’s different is that in 2005 he was saying 'here’s what a president should do', in 2013 he’s saying 'here’s what I’d be doing if we had a functional political system'…. And he still doesn’t know what to do… a compelling economic vision… [and] a uniquely hostile Congress… beyond making his case to the people as he did today, taking executive actions, and exhorting private sector actors (CEOs, college presidents; he clearly has some executive orders loaded; I’m hoping one involves improving the job quality of workers on government contracts)…. The arrival of Barack Obama on the national stage… was a source of great hope for those like myself back in 2005…. But at least this progressive economist, one who worked for his administration in the early years, hears him with a very different, and sadder, set of ears today than back then." * James Feyrer, Dimitra Politi, and David N. Weil: The Cognitive Effects of Micronutrient Deficiency: Evidence from Salt Iodization in the United States: "Iodine deficiency is the leading cause of preventable mental retardation in the world today. The condition, which was common in the developed world until the introduction of iodized salt in the 1920s, is connected to low iodine levels in the soil and water. We examine the impact of salt iodization on cognitive outcomes in the US by taking advantage of this natural geographic variation. Salt was iodized over a very short period of time beginning in 1924. We use military data collected during WWI and WWII to compare outcomes of cohorts born before and after iodization, in localities that were naturally poor and rich in iodine. We find that for the one quarter of the population most deficient in iodine this intervention raised IQ by approximately one standard deviation. Our results can explain roughly one decade's worth of the upward trend in IQ in the US (the Flynn Effect). We also document a large increase in thyroid related deaths following the countrywide adoption of iodized salt, which affected mostly older individuals in localities with high prevalence of iodine deficiency."