1. Consider the following issue: 17.1. A major controversy has occurred about apparent contradictions in biostatistical data as researchers try to convince Congress to allocate more funds for intramural and extramural investigations supported by the NIH. Citing improved survival rates for conditions such as cervical cancer, breast cancer, and leukemia, clinicians claim we are “winning […]
Via Truth & Justice’s Facebook Page. Find a figure (or a couple of figures) on homelessness in America. Find a figure on the number of houses in America. What percentage of houses would have to be unoccupied for this to be true? Does it sound plausible? Do a mental experiment — if we reduced homelessness […]
The hourly compensation of a typical worker grew in tandem with productivity from 1948–1973. That can be seen in Figure A, which presents both the cumulative growth in productivity per hour worked of the total economy (inclusive of the private sector, government, and nonprofit sector) since 1948 and the cumulative growth in inflation-adjusted hourly compensation for private-sector […]
The final Harry Potter film made $1,328,111,219 in 2011. The final Lord of the Rings film made $1,119,929,521 in 2003. Use WolframAlpha to adjust these figures for inflation. Which film had the higher gross, adjusted for inflation?
Some people say that we couldn’t have known there was a real estate bubble. But quite a few economists pointed out well before the crash that the “price/rent” ratio — that is, the average cost of owning a house/apartment divided by the average cost of renting — was well outside of historical norms. This led economist […]
Game of Thrones, Season 2 is getting illegally downloaded. A lot. In fact, it’s on track to be the most pirated show of 2012, and maybe 2011 as well: Maybe that’s interesting to you, maybe not. Here’s what’s interesting to me: notice the horizontal axis of the graph. What this represents is number of days […]