If we wanted to reduce the trade deficit — let’s say because we wanted to increase aggregate demand and hence employment, rather than some atavistic belief the deficits are bad — then we will probably need to convincingly deal with the pandemic. Remember, the trade deficit (in NIPA terms) is now bigger than it was […]
A friend of mine in Los Angeles recently took off 10 days to celebrate his birthday and drive up to northern California. To do so, he rented a car and paid just under $300, including tax, for those 10 days. He rented from Enterprise. It was a nice Toyota Camry too, as I noted when he stopped to visit me for coffee on the way up.
While driving on a bad road in one of the national parks in northern California, he hit some solid underbrush and damaged a plastic panel of the car.
I asked him what happened next.
He called the rental car company and told them about it. The person who answered told him to take it to the nearest Firestone or Pep Boys. He found a Firestone nearby and took it in, where it was repaired quickly.
“How much did you have to pay?,” I asked.
“Nothing,” he answered.
1. They wouldn’t let Barbara Hannigan and Simon Rattle do this in the U.S. today (ten minute music video). 2. What the Chinese say. If you are really for diversity, why don’t we give that writer a NYT column? Why not a CCP columnist for every major outlet? Isn’t that the alternative perspective we should […]
Payment Processing Solutions Market Rising Trend, Demand and Business Outlook 2020 Stock Market VistaPayment Processing Solutions Market Rising Trend, Demand and Business Outlook 2020 Stock Market Vista
Graduating in a recession can be rough. Wages start lower and advance more slowly. It’s hard to get hired at a top firm which means it takes longer to get on a rapid ascent career path. As Till von Wachter notes in a review of the long-term consequences of initial labor market conditions, failure to […]