From Around the Web:
Not All Macro Models Failed to Predict Crisis (MultiplierEffect)
Noah Smith has a post on the failure of macro theory to predict the crisis. He concedes that DSGE models did very badly on this score, but, he continues, “There are no other models out there that did forecast the crisis” and there is nobetter alternative. (More)
6 Illegal Cocktails Banned in the U.S. and the United Kingdom (HuffingtonPost)
It's human nature to want to raise the bar. If your car has 300 horsepower, you want 400. If you have a 2,000-square-foot house, you want 3,000. So why should it be any different when it comes to booze? These six cocktails upped the alcoholic ante–then ended up getting slapped by the long arm of the law. (Continue reading)
The Economy Seat Concept That Will Have Passengers Booking the Middle Seat (Skift)
The Cozy Suite by independent seating manufacturer Thompson Aero Seating of Northern Ireland is a brilliant idea that rethinks economy seating without sacrificing the passenger experience for anyone — including the person stuck in the middle seat. (Read more)
Outsmart Your Own Biases (HBR)
Suppose you’re evaluating a job candidate to lead a new office in a different country. On paper this is by far the most qualified person you’ve seen. Her responses to your interview questions are flawless. She has impeccable social skills. Still, something doesn’t feel right. You can’t put your finger on what—you just have a sense. How do you decide whether to hire her? (Full article)
Those puppy-dog eyes trigger chemical connection with humans (LAtimes)
The long, loving gazes. The ritualized, often high-pitched, expressions of affection. The heroic self-sacrifice one would readily endure for the other.
What is it about the bond between human and dog that is not like the relationship between parent and child?
Now science offers a new explanation for the similarity. When our dogs gaze into our eyes with that “you are everything to me” look, our bodies — and theirs as well — are flooded with oxytocin, the hormone of love and nurture that cements the bond between people. (More)
People aren't ready for the imminent rise of genetic engineering (BusinessInsider)
As I put my thoughts together on a number of different trends, I am reminded every day how rapidly science and technology are changing. You know when you read an article on how to build your own robot (a lot like LEGO) on a general public website like MarketWatch or the latest in surveillance tech, things are indeed rapidly changing. The robot article reminds me of the early days of computer kits, but in this case, way more sophisticated, reflecting the progress we have already made. (Continue)
