Perhaps Executive Compensation Levels Have Less to Do With Markets and More to Do With Clubs

July 31, 2013

Economics PhD candidate Owen Zidar writes about research by Kelly Shue, U Chicago business school, suggesting perhaps the huge pay being raked in by our top executives – those risk-taking job creators, you know – has less to do with performance than it does with peer connections.

Later,

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`Bout Time

July 31, 2013

I take some pride in the fact Miles Davis and I were born in the same town. Said town is now erecting a statue to perhaps its greatest native.

Later,


Happy Birthday, Harry!

July 31, 2013

Been traveling, so away from the blog. Thought I’d start with this:

I’m still not tired of J.K. Rowling’s books. The third is my favorite, but there’s still something particularly compelling – okay, magical – about being introduced to Harry Potter.

Later,


Late Night Listening with Gary U.S. Bonds

July 25, 2013

Soul Deep Smokin’ cover of the Box Tops tune (their original ain’t half bad) with the Boss and the E Street Band. Crank it up!

Later,


The Economy is Stuck, and It Has Nothing to do With Invisible Hands

July 25, 2013

Moira Herbst has a a really good piece on the Guardian’s website looking at why the U.S. economy can’t seem to get going.

Later,


Redbirds about to be tested

July 25, 2013

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After stumbling in June, they went 7-3 in their last 10 games leading up to the All-Star break. They’re 4-1 since, and there’s a chance to sweep the Phils tonight, although Lance (One Bad Inning) Lynn is on the hill, so we’ll see. The pitching staff (again, let’s see how Lynn fares tonight) has, at least for the moment, regained its form. Offense has revived, as well, and Post-Dispatch columnist Bernie Miklasz has an appreciative analysis of how good the offense has been with runners in scoring position, and how they haven’t had to rely on home runs (yay!) to win. He also mentions an amazing stat for the pitching staff – they’ve allowed only .64 homers to the opposition per game so far. Only one team in the last 20 seasons – the 2011 Giants – has a better record.

So, there are reasons to be optimistic. On the other side, Carlos Beltran is slumping; Matt Holliday’s hurt; John Jay still has to produce; and people – especially Yadi – need to keep healthy. Lots of “ifs,” but encouraging signs abound.

Which is good; because we’re about to get the real test over the next 15 games. After tonight, the team goes to Atlanta, who leads the NL East, even if they’re in a bit of a slump right now. Then five BIG games against the Pirates, followed by three against the Reds and four (at home) against the white-hot Dodgers, who’ve just won 6 in a row.

Later,


It’s Not the Invisible Hand of the Marketplace; It’s the Hidden Hand of the Speculators

July 23, 2013

Ever wonder about gas prices? Justin Fox, writing on the Harvard Business Review’s blog, explains.

Later,