Northwestern jettisons Wright

by Kieran Healy on May 1, 2008

Northwestern University has withdrawn its offer of an honorary degree to the Rev. Jeremiah Wright “in light of the controversy around” him. University Commencements in the U.S. are annual sites of ritual fighting over the appropriateness of commencement speakers and honorary degree recipients. Maybe this will be one of the highlights of the season. (Via Scatterplot.)

Data and anecdotes

by John Quiggin on May 1, 2008

Among the outcomes produced by a market economy, real wages are arguably the most important single variable for most people. With inflation rising around the world, and sensitive prices like those of food and petroleum going up a lot, most people’s living standards depend mainly on whether wages grow faster than prices. I got a couple of pieces of info on this today, which illustrate the difference between data and anecdote.
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