May. 15, 2010 5:35 pm
- Why won't American companies lobby for better education for American workers instead of importing them?
- Where are all the dead Canadians and why does Big Pharma want more seniors to have to choose between dog food and pills?
- Geeky Science rocks!
- How extensive is right wing and fossil fuel industry infiltration of the global warming debate?
- Will our oceans survive?
- Bumper Music:
- Proper Education, Eric Prydz vs Floyd.
- When I'm Gone, 3 Doors Down.
- Believe, Staind.
- I Want A New Drug, Huey Lewis and The News.
- Bad Medicine, Bon Jovi.
- Science Rocks!, Rock Chick & Science Geek.
- Smoke On The Water, Deep Purple.
- Grand Canyon, Dmitriy Lukyanov (you need to search for it) (with additional sounds by Jacob).
- Democracy, Leonard Cohen.
- Today's newsletter has details of today's guests and links to the major stories and alerts that Thom covered in the show, plus lots more. If you haven't signed up for the free newsletter yet, please do. If you missed today's newsletter, it is in the archive.
- Quote: "The school is the last expenditure upon which America should be willing to economize." -- Franklin D. Roosevelt.
- Article: Greenspan: Let more skilled immigrants in by Bloomberg News, March 14, 2007.
"Our skilled wages are higher than anywhere in the world," he said. "If we open up a significant window for skilled workers, that would suppress the skilled-wage level and end the concentration of income."
- "An Inquiry into the Nature and Causes of the Wealth of Nations", Adam Smith, 1776. Book IV.
"By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it."
- Article: Fed Chief Sets Monetary Policy By Seat-of-the-Pants Approach, January 27, 1997.
"Now, Mr. Greenspan has a different mantra: Workers' fear of losing their jobs restrains them from seeking the pay raises that usually crop up when employers have trouble finding people to hire.
Even if the economy didn't slow down as he expected, he told Fed colleagues last summer, he saw little danger of a sudden upturn in wages and prices. "Because workers are more worried about their own job security and their marketability if forced to change jobs, they are apparently accepting smaller increases in their compensation at any given level of labor-market tightness," Mr. Greenspan told Congress at the time."