Along with “quit smoking” or “lose weight,” “save more” is consistently one of the most popular new year’s resolutions. But that’s easier said than done, especially when millions of Americans still lack access to a basic bank account.
Gregory Mills of the Urban Institute‘s MetroTrends blog wrote up a post earlier this week about the importance of making it easier for would-be small savers to access basic financial services. He goes on to argue that the U.S. could seriously benefit from “modern-day, higher-tech equivalents” of school or postal savings banks.
Want to add your two cents to the discussion? Prof. Garon will be speaking with Marty Moss Coane on WHYY’s “Radio Times” this coming Tuesday, January 3rd–call in with your questions!
How did something so small and insignificant as a stamp change the world?
In an op-ed from the New York Times this morning, PUP author Olivier Zunz relates the origins of the Christmas Seals campaign and the birth of mass philanthropy in the United States. At a time of year when we are inundated by requests to give a little, give a lot, just give — this article takes on special meaning. Not only is the Christmas Seals story a fascinating, heartwarming history, but Olivier hints at the larger lessons we can draw from it, writing:
It might be worthwhile for all those who sympathize with the occupiers of Zuccotti Park and other plazas and squares around the country to learn from the example of the Christmas Seals campaign. We have no shortage of urgent causes that will benefit from the energy of the grass roots. The seals campaign showed that the 99 percent, even when feeling disenfranchised, are hardly powerless to repair the safety net — and even influence the actions of the 1 percent.
The seals in this post are shared from the complete 104-year gallery at the American Lung Association: http://www.christmasseals.org/galleries/1907-1919.html. It is fascinating to watch the themes and imagery of the seals shift and change over the years and now the Christmas Seal program is high tech. You can send an e-card with a Christmas Seal or post one on Facebook. If you prefer the low-tech version, you can still purchase Seals for 2011: http://www.shoplungusa.org/xmasseals/getseals.asp
It’s always nice to know someone who knows something about wine. With the holidays just around the corner, we decided to tap our own James Simpson, author of the recently released Creating Wine: The Emergence of a World Industry 1840-1914, for his holiday wine memories, tips, and historical expertise. He’s exactly who you’d want to have handy when you’re puzzling over whether sherry goes with turkey, or how to avoid looking like a slouch if you happen to be raising your glass in Barcelona. Enjoy:
Think Christmas, Hannukah, and New Year’s Eve are enough to celebrate in December? Here’s one more family and friends get-together to add to the list — the Christmas Bird Count. I am a new birder and this is the first year I have been aware of the CBC so I asked Richard Crossley if he would answer a few questions. Read on to learn more about the CBC and how Richard’s count went this year.
Richard will be on Science Friday this week to discuss the CBC with host Ira Flatow and a nation-wide NPR audience. Check local your local NPR affiliate for the air time and tune in.
Richard, at this time of year we start hearing about the Christmas Bird Count. What is it?
The National Audubon started the CBC in 1900 in New York (Central Park I believe). The first one for my backyard, Cape May, was only 3 years later in 1903. It sounds amazingly simple, but the goal of the program is to have tens of thousands of volunteers literally count birds around Christmas time. For many this has now become an annual family tradition spanning many generations.
Do you have a sense of how many people participate in the CBC?
Well last year there were over 2200 groups reporting in and they saw over 60 million birds according to National Audubon. This year, the counts will take place until Jan 5th. Our patch, Cape May County, did ours on Sunday. There were 62 participants and we counted 152 species. The best birds I had were Rufous Hummingbird and Bells Vireo – both lingering rarities.
Is the CBC purely a collaborative venture or do teams compete with each other to find the most species? More available after the jump.
Wow, what a lineup! We are so proud to see Carmen Reinhart, the co-author of our New York Times bestselling classic THIS TIME IS DIFFERENT: Eight Centuries of FinancialFolly, discuss economic issues on a recent New York Times Opinion talk with Times journalists Tom Friedman, Paul Krugman, and Joe Nocera. This brilliant and entertaining program streamed live on the internet and covered today’s economic issues such as the Eurozone crisis, deleveraging, inequality, Occupy Wall Street, and space aliens. Check out the video if you want to see what great minds have to say about our economic situation and what’s coming next.
by Sarah Caldwell | Filed in: Books - Twitter | 1:23pm EST
Yeah…me neither.
But John Noble Wilford of the New York Times does! Check out his article on the intersection of empires and learn about the fascinating exhibit at New York University’s Institute for the Study of the Ancient World open through January 8, 2012. ISAW has a co-pub with PUP to put out the gorgeous exhibition catalog.
Impress your relatives this holiday season with your knowledge of the forgotten ruins in Syria.
Richard is still hard at work on the upcoming Western version of The Crossley ID Guide. In the meantime, enjoy his video of Colombia Tanagers and other Western species coming in to feed on bananas. Listen carefully as he IDs a young male that his companions previously thought was a female. This type of ID — using transitional plumage — is where The Crossley ID Guide is absolutely invaluable. Richard’s photo spreads include more plumages, more specimens, more of everything to make difficult IDs easier.
Also, if you are a fan of NPR’s Science Friday, tune in this week to hear Richard discuss the Christmas Bird Count.
You will find books by Martha C. Nussbaum, Peter Singer, Steven Nadler, John M. Cooper, Emrys Westacott, Patricia S. Churchland, Pascal Bruckner and many more. Many new paperbacks and ebooks are also available. It’s easy to download the catalog to your smartphone or tablet for browsing.
Will we see you in D.C. at the annual American Philosophical Association meeting? We’ll be there in the exhibit hall (booth no. 103). Stop by to say hello and browse new books.
Today, MIT announced “that for the first time it will offer credentials — under the name MITx — to students who complete the online version of certain courses, starting with a pilot program this spring.”
This major milestone in the open courseware movement is covered in Chronicle of Higher Ed here: http://chronicle.com/article/MIT-Will-Offer-Certificates-to/130121/. In the article, they reference PUP book Unlocking the Gates by Taylor Walsh, writing on behalf of Ithaka S+R (including colleagues Roger Schonfeld who is quoted in the AP article announcing MITx). This seminal book provides unprecedented data and analysis of several case studies including OCW at MIT.
Vest wrote in 2004 that “the real pay-off of what we hope will become the open-courseware movement will be its effect on educators and learners around the world.”65 The language of the original grant proposal’s sections dealing with impact reveals both MIT’s vast ambitions for OCW’s effects on the wider world and a lack of clear metrics for systematically assessing that impact. The proposal’s authors state that “we believe that in the long run, OCW, like other successful contributions to education, will lead to greater equality and improvements in economic performance, but these long-term, ultimate outcomes are impossible to isolate and measure.”
FACT: “Prior to 1980, the January ratio of excess debt relative to spending on the immediately preceding Christmas averaged about 15 percent. Since 1980 it has risen steadily to nearly 50 percent. That is, a month after Christmas, the holiday is now only halfway paid off. Of the component that was charged to credit cards in December, about three-quarters is not paid off.”
Christmas is a time of seasonal cheer, family get-togethers, holiday parties, and-gift giving. Lots and lots—and lots—of gift giving. It’s hard to imagine any Christmas without this time-honored custom. But let’s stop to consider the gifts we receive—the rooster sweater from Grandma or the singing fish from Uncle Mike. How many of us get gifts we like? How many of us give gifts not knowing what recipients want? Did your cousin really look excited about that jumping alarm clock? Lively and informed, Scroogenomics illustrates how our consumer spending generates vast amounts of economic waste—to the shocking tune of eighty-five billion dollars each winter. Economist Joel Waldfogel provides solid explanations to show us why it’s time to stop the madness and think twice before buying gifts for the holidays.
By reprioritizing our gift-giving habits, Scroogenomics proves that we can still maintain the economy without gouging our wallets, and reclaim the true spirit of the holiday season.
‘Tis the season for giving—and we’re feeling very generous today! We’re hosting 2 book giveaways next week, one on our main PUP Facebook page, and the other on our Princeton Birds and Natural History Facebook page. 1 winner from each page will be selected Thursday, December 22 at noon. All you have to do is “like” our Facebook pages and you’ll be entered to win! Here are the details:
Over on our Princeton Birds and Natural History Facebook page, we’re giving away a copy of The Crossley ID Guide: Eastern Birds by Richard Crossley. This stunningly illustrated book from acclaimed birder and photographer Richard Crossley revolutionizes field guide design by providing the first real-life approach to identification. “Like” this page by Thursday at noon if you haven’t already to win!
Good luck, and Happy Holidays from Princeton University Press!
Princeton University Press author and University of Oxford criminologist Federico Varese has published an op-ed on Reuters.com’s The Great Debate blog describing his recent research trip to Myanmar and the surrounding area. He wanted to see the opium trade and its effects on the local population. His work has led to the question “Is Burma the next Mexico?” For a good read, check out Varese’s MAFIAS ON THE MOVE: How Organized Crime Conquers New Territories.
From Reuters.com Hillary Clinton had many “hard issues” to tackle during her recent visit to Myanmar. Yet there was no mention of one of the most, if not the most, difficult issue Burma faces: their lucrative drug trade.
Northern Burma is the home of the “Golden Triangle,” a hub for opium production and the location of hundreds of heroin and amphetamine refineries. So how do political leaders and the international community plan to tackle this problem in the event that Burma truly becomes a democratic country?
Featuring commentary and interviews from Princeton University Press authors, the PUP Blog is a highly respected, timely and indispensable source for learning, understanding and reflection.
Arnold writes:So, if the demand for mortgages collapses, all it takes to get back to 2006 levels is for mortgage underwriters to take a 20 percent pay cut? In a world with no discontinuities, we would not get crazy subprime lending and sudden sharp drops in demand. The no-discontinuity world is what classical economists are trained to work with. Too bad it i […]
I have taken photos of birds that are so bad, out of focus, poorly exposed, wings cut off, etc. We all have, but why would anyone keep them? I delete them, especially when I can't identify them...hah. But I have to say, there are photos I should have deleted long ago that still sit in my collection. The Cooper's Hawk photo above is one of them....i […]
That’s the title of my piece in the Fin last week. As with my previous column, Catallaxy was out with a comment long before I got around to posting here, but it seemed to me to miss the point fairly comprehensively. Ever since the first signs of the global financial crisis emerged back in 2007, […]
Arnold writes:Suppose that a bunch of mortgage underwriters get laid off. There are two possible full employment equilibria. (a) They can be instantly employed as dishwashers at 20 cents an hour. (b)They can be employed as health insurance claims processors at a salary close to what they were making as mortgage underwriters. The reason that we don't obs […]
Kevin Outterson writes of “Hand Sanitizers as Agent Orange”: Over at CommonHealth, Aayesha rounds up the literature on the limits of hand sanitizers, but fails to mention the collateral damage to the skin microbiome. Alcohol-based hand sanitizers kill many bacteria, viruses and fungi, but they don’t selectively target pathogens. They kill a wide swath of [.. […]
1. Via Chris F. Masse, alligator eats capitalist. 2. Pizza topping mark-ups. 3. Markets in everything the culture that is Japan. 4. Trade Diversion economics blog. 5. Symposium on how to fix the housing market, including me. […]
Why are cell phone taxes so high? In the United States we tax cell phones more than beer. The usual explanations for high taxes, negative externalities and low elasticity of demand don’t seem to apply to cell phones. Our colleagues Thomas Stratmann and Matt Mitchell offer an answer based in political economy. …no single politician […]
Next week, I'm going to debate Modeled Behavior's Karl Smith on "How Deserving Are the Poor?" Logistics:Date: Wednesday, February 1Time: 6:00-9:00 PMLocation: Johnson Center Meeting Room A, George Mason University (Fairfax Campus)My strategy, as usual, is to use an uncontroversial moral premise to show that the status quo is absurd. The […]
There has been an increasing discussion about the proliferation of flawed research in psychology and medicine, with some landmark events being John Ioannides’s article, “Why most published research findings are false” (according to Google Scholar, cited 973 times since its appearance in 2005), the scandals of Marc Hauser and Diederik Stapel, two leading psyc […]
Justin Wolfers writes: Predictably enough, I spent yesterday reading lefty blogs trumpeting Corak’s analysis, and right-leaning blogs who didn’t want to believe the inequality-mobility link, endorsing Winship. But both missed the bigger picture implications. Either you’re convinced by Corak that the data can be trusted, and that they show there’s a strong li […]