Thursday, May 27, 2004

Soda vs Pop: Not Another Supper vs Dinner I say soda, but I used to want a pop. [posted by ZelderBar] What generic name do you use for the carbonated beverage of choice? Check out this study (not sure how scientific this is). You can see that the Soda vs. Pop debate is much regional than an urban vs rural thang. 7:30:30 PM  permanent link  Reader Comments []  Google It! Go to War to Pay for College A Thought from listening to NPR on the way home. [posted by Troy] Most enlisted people report that they joined the Army because they didn't have better choices. They couldn't get into college, and they couldn't get a good job. The Army looked better. Thus, as long as the economy is bad, we will continue to have troops. 7:29:35 PM  permanent link  Reader Comments []  Google It! WalMart is coming to Chicago's West Side The poor get poorer [posted by ZelderBar] Check out this Univeristy of Illinois at Chicago Study (you'll need Acrobat) & I quote-->"In its promotional literature, Wal-Mart indicates that it will create 250 jobs (70 percent of which will be full-time jobs), and it further suggests that the store will add $600,000 in annual tax revenue to the City of Chicago.3 Taken at face value, these claims suggest that the introduction of a Wal-Mart store at the proposed location will result in net employment, income and fiscal gains for the City of Chicago and its residents. Wal-Mart’s estimates, however, do not take into account employment and income losses that will occur when other businesses in the service area close or scale back their operations because they lose customers to Wal-Mart. This section of the report estimates net changes in employment, income and tax revenue for the City of Chicago if Wal-Mart opens a store at the proposed location, taking into account jobs and income that will be lost due to competition. The analysis that follows suggests that after accounting for jobs and income lost due to competition, the overall employment and income impact of the new Wal-Mart store will be negative. In other words, despite creating approximately 250 jobs, Wal-Mart’s net impact will be a reduction in local jobs and income. On the other hand, the City of Chicago can expect a slight net increase in tax revenue from the new store. The analysis begins with a description of the model used and the assumptions made to predict the economic impact of the proposed Wal-Mart store"(page 4)" 7:26:23 PM  permanent link  Reader Comments []  Google It! Hyped Up Story on Page One-->Retraction, two days later on page 8 New York Times Admits Mistakes [posted by Troy] The researcher in me has to comment on the New York Times' recent admission that it messed up its coverage leading up to our invasion of Iraq. It played into the hype instead of providing solid journalism. Now they admit mistakes, but have they (or have we) learned anything? Hype sells. 1:15:00 AM  permanent link  Reader Comments []  Google It!

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