Saturday, April 5, 2014

THE TEA PARTY ECONOMIST 04/05/2014

Chicago Murder Rates Drop After Illinois Passes Conceal Carry Law
In July of 2013, Illinois became the last state in the union to enact a concealed carry law. In January of this year, the state began accepting applications for permits. This week, Chicago police announced that the city’s first quarter murder rate was the lowest since 1958. Via ABC-affiliate Eye Witness News in the Windy […] READ MORE

After Aggressive Approach In Riot Gear, Cop Receives Some Serious Threats
The Tucson police officer who was caught on video brutally pummeling a female student as she walked innocuously near the campus of the University of Arizona has been identified as Joel Mann, according to local ABC affiliate KGUN. The thuggish incident occurred on Saturday as packed bars near campus slowly cleared out after the Arizona […] READ MORE

Obamacare Policies Not Available Year-Round, Causes Problems For Latecomers
Americans thinking about buying health insurance on their own later this year, or maybe switching to a different insurer, are probably out of luck. The policies are going off the market as a little-noticed consequence of President Barack Obama’s health care overhaul. With limited exceptions, insurance companies have stopped selling until next year the sorts […] READ MORE

Google’s New App Updates Reducing Consumers Privacy
The latest smartphone update released by Google sounds like it’s engineered to make your virtual life a lot simpler by logging you into all of your Google apps at once. What it actually does is track more of your personal data and allow for better targeting than ever before. In the newest Gmail app update […] READ MORE

This Man’s Artifact Collection Suddenly Investigated by FBI
When Andi Essex got an eyeful of Don Miller’s gigantic basement collection of artifacts he’s acquired from his travels around the world, she was enthralled. “It’s unreal,” Essex told WISH-TV in Indianapolis, adding that the “full skeleton is what blew my mind” and that her “favorite” was Miller’s piece of Hitler’s bunker. The 91-year-old is […] READ MORE

Bob Costas Misses The Mark With Challenge To His Gun Critics
A gun by itself cannot kill; a person needs to be present to pull the trigger. Before the trigger can be pulled someone needs to fill the magazine with ammunition or slide a single bullet into the chamber. A gun cannot chamber a round by itself. Without completing these essential steps a gun is no […] READ MORE

Oh The Irony: Discrimination Investigation Accused Of Discrimination
The federal agency tasked with investigating allegations of discrimination in consumer financial transactions was accused of discriminatory treatment of its own employees in a House Financial Services Committee hearing on Wednesday. Angela Martin, a senior enforcement attorney with the Consumer Financial Protection Bureau (CFPB), alleged that a ring of managers within the CFPB favors men […] READ MORE

Another Fatal Shooting At Fort Hood
Less than five years after an Army psychiatrist went on a shooting rampage at Fort Hood, the military base has been shaken by another shooting. Nidal Hasan, convicted in the Nov. 5, 2009, tragedy that left 13 dead and 31 wounded, was sentenced to death by a military jury in August 2013. Prosecutors had sought […] READ MORE

Data Confirm: Earthquakes Not Good for Boosting Output
Tyler Cowen links to a paper by Johannes Wieland. The following excerpt from the paper should give you some insight into the state of formal economics: Standard sticky-price models predict that temporary, negative supply shocks are expansionary at the zero lower bound (ZLB) because they raise inflation expectations and lower expected real interest rates, which […] READ MORE

Home Prices Reach Peaks in 4 States
Despite harsh weather, home prices in the U.S. held up in February, with four states setting record highs, according to CoreLogic data released Tuesday. Home prices in Colorado, Nebraska, North Dakota and Texas hit peaks, and another 18 states were within 10% of their peak prices (see the above chart from CoreLogic). Factors driving home […] READ MORE

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