So as to give some perspective, I'm going to ask readers for their guesses about human behavior before explaining my embarrassment by some of my fellow economists.
Last week Democratic gubernatorial candidate Jason Carter shared via this column his vision for public education in Georgia.
To understand the lack of enthusiasm most Americans feel about the midterm elections, it's important to recognize a vital distinction between government and community.
While new and novel might be exciting, routine and habit can help create a structure and framework for success. From eating breakfast, brushing our teeth or exercising every day, much of our lives are driven by routine. This reliance on routine behavior can startle us when we are driving and find ourselves not at our planned destination, but at our routine destination.
Tell me something: What do you think would happen if the United States concludes that Iran has been cheating and delaying and is about to pop a fully functional nuclear weapons program? Would President Obama respond by joining Israel to bomb the Iranian nuclear facilities to smithereens - or would he stall and equivocate? My bet is the latter and so, just to double down, is what I bet the Iranians are betting. They have taken the measure of Obama. He lacks menace.
The Food and Drug Administration can make two types of errors. It can approve a drug that has dangerous unanticipated side effects, or it can reject or delay approval of a drug that is safe and effective. Let's look at these errors, because to err on the side of under- or over-caution is costly.
It's a little thing, but it bugs me a lot.
If I die anytime soon - and I have no plans to do so at the moment - please see that the first paragraph of my obituary reads, "He was past president of the University of Georgia National Alumni Association." You can save for later paragraphs the part about my being often mistaken for Brad Pitt and my uncanny ability to put commas where they don't belong.
Ever since the 1976 election, I've understood the importance of voter turnout. My father was running for United States Congress in rural Georgia, having lost in 1974. He realized in early 1976 that running as a republican in Georgia, while Jimmy Carter was topping the democratic ticket, was going to be a hard feat to pull off, but confident of his ability to work hard, he trudged forward.
This past summer I travelled back home to attend the 50th year reunion of the class of 1964 of St Mary's High in Annapolis Maryland.
In 1913, an entrepreneur "said in many newspapers and over his signature that it would be possible to transmit the human voice across the Atlantic before many years." For that accurate assessment of reality, he was prosecuted for stock fraud. A U.S. District Attorney claimed that, "based on these absurd and deliberately misleading statements, the misguided public ... has been persuaded to buy stock in his company."
The director of the Secret Service, Julia Pierson, was questioned this past Tuesday by members of the House Committee on Oversight and Government Reform regarding lapses in Secret Service Performance. The hearing focused primarily on an incident that took place on September 19. Omar J. Gonzalez, 42, allegedly jumped the White House fence, ran across the White House lawn, ran up a flight of stairs and through the North Portico door. He then allegedly entered the entrance hall, turned left and headed into the East Room, where he was tackled and subdued. A knife was allegedly found in his possession.
The Islamic State of Iraq and the Levant (ISIL), sometimes called ISIS or IS, is a Sunni extremist group that follows al-Qaida's anti-West ideology and sees a holy war against the West as a religious duty. With regard to nonbelievers, the Quran commands, "And kill them wherever you find them, and turn them out from where they have turned you out." The Quran contains many other verses that call for Muslim violence against nonbelievers for the sake of Islamic rule.
Last Saturday while the Bulldog nation sweated out a 35-32 victory over the Tennessee Volunteers that should not have been as hard as our scholar-athletes made it, former head football coach and athletic director Vince Dooley's first team at UGA was recognized on the occasion of its 50th anniversary. As nice as that was, more - much more - needs to be done to honor the legendary Hall of Fame coach.
It's a fortunate thing that Bill O'Reilly's latest book, "Killing Patton," was written by him and not someone else. In that case, O'Reilly would have taken the poor person apart, criticizing the book for its chaotic structure, for its considerable padding and for its repellent admiration of a war-loving martinet who fought the Nazis and really never understood why. George S. Patton stood almost shoulder to shoulder with them in his anti-Semitism -- not that O'Reilly seems to have noticed or, for that matter, mentioned in his book.
From Tuesday night into Wednesday morning, commercial aircraft were diverted from airspace over the southeastern U.S. when pilots reported hearing loud, persistent beeping in the area. Flights returned to normal once FAA investigators confirmed the beeps were coming from a backup alarm sounding as the State of Georgia shifted into reverse. However, they warn the noise may continue for at least a decade.
As the saying goes, the devil is in the details. It means the devil will have his way with you if you don't pay attention to the finer points in the big plans or schemes that you might devise. He's a crafty fellow and lies in wait in the most innocuous spots to trip you up.
Our fascination with the Olympics goes beyond the near-perfect performances of the athletes. It also includes their stories. We watch and experience the trials and triumphs of people who fail, who get up and who triumph once again. Possibly through watching how Olympians perform under pressure, we can learn how to perform under pressure, as well.
Two examples stand out in my mind from this week, in women's gymnastics and men's swimming.
Hard to believe, but it has been 16 years since the Olympic Games were held in our state. As I watch the festivities in London, I remembered the phone calls I had received over the past year from media members in Great Britain, asking me if I had any thoughts on what was going to happen when the Games began in London. Here is what I told them:
My sister and her daughter and granddaughter came to visit me last week. My niece is researching our family history and wanted to pick our brains and copy whatever pictures we had of our parents and grandparents.
I'm ready for the Olympic Games, ready to watch the best athletes in the world giving it all they have. I'm ready to be inspired.
After a long Republican presidential primary soap opera, continuing mediocre economic news, ongoing information on the Greek crisis, the current silliness of the presidential campaign quips of the day, and last week's tragedy in Aurora, Colo., Americans are in desperate need of inspiration.
This is a moment for all Americans to be proud of the single best thing George W. Bush did as president: launching
Consumer confidence fell to the lowest levels of 2012 this past week. Most Americans believe that both the economy and their own personal finances are getting worse. Just 25 percent believe the economy is getting better, and only 22 percent said the same about their personal finances.
Still, the lows of 2012 aren't nearly as bad as they were in the previous three years. But the trend is discouraging. It looks like yet another year starting with improved outlooks for the economy that fade by summer, and it's clearly taking a toll on the American people.
I fully understand why President Barack Obama, candidate Mitt Romney, Speaker of the House John Boehner and Senate Majority Leader Harry Reid don't want to talk about gun control in the wake of the Aurora, Colo. shootings. I don't want to talk about it either.
Not because I don't think it needs to be discussed, but because we've become inept as a nation talking about anything that stirs emotions. Politicians are concerned with losing votes; I'm concerned about losing the goodwill of friends, neighbors and even family. I'm reluctant to throw more fuel on ...
I have just returned from a memorable trip to Valdosta. I went there to speak to the Rotary Club. The members laughed in all the right places, which not only was memorable, but downright remarkable. What made the trip even more special were two visits I made while there. I dropped by to see my beloved college professor Dr. Raymond Cook on his 93rd birthday. My detractors will find little comfort in this but I would not be where I am today had I not been assigned Dr. Cook's English Literature course in the spring term of my freshman ...
The bitterness evident in today's national politics is nothing new in the history of this country. It is tempting to say it's never been worse, but that's not true if you look back at the partisan rancor of early pamphleteers in the nascent days of this republic. Dueling opponents often picked up dueling pistols and had it out. Even Thomas Jefferson wasn't above it, this despite the fact that as the principal author of our Declaration of Independence, he chose succinct and timeless words that are beautiful to recall even today. In the pages of his ...
The ceiling fan and light in my bedroom turn on and off with a remote control. You have to leave the light switch permanently on, and then find the clicker (my household's name for a remote) to operate the controls.
When I think of the word enthusiasm, I am reminded of a scene out of the 1987 movie "The Untouchables" about gangster Al Capone. In the scene, Capone (played by Robert De Niro) is walking around a table that is surrounded by his men. As he walks, he talks.
Bill Raspberry wore his eminence well. In a city full of preening, self-centered journalistic royalty, he was a warm and generous prince who never deluded himself into thinking he knew all the answers. He is desperately missed.
Over the past few weeks, President Obama and his campaign team have launched a furious attack on Mitt Romney's record as head of Bain Capital, a highly successful venture capital firm.