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<channel rdf:about="http://econoclectic.powerblogs.com/">
<title>EclectEcon</title>
<link>http://econoclectic.powerblogs.com/</link>
<description>Eclectic views on economics, policy, sports, etc.</description>
<dc:language>en-us</dc:language>
<dc:date>2008-07-07T08:07+00:00</dc:date>
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  <rdf:li rdf:resource="http://econoclectic.powerblogs.com/posts/1214873874.shtml" />
  <rdf:li rdf:resource="http://econoclectic.powerblogs.com/posts/1214771810.shtml" />
  <rdf:li rdf:resource="http://econoclectic.powerblogs.com/posts/1214690236.shtml" />
  <rdf:li rdf:resource="http://econoclectic.powerblogs.com/posts/1215131763.shtml" />
  <rdf:li rdf:resource="http://econoclectic.powerblogs.com/posts/1214079648.shtml" />
  <rdf:li rdf:resource="http://econoclectic.powerblogs.com/posts/1214756548.shtml" />
  <rdf:li rdf:resource="http://econoclectic.powerblogs.com/posts/1214696523.shtml" />
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<item rdf:about="http://econoclectic.powerblogs.com/posts/1215421081.shtml">
<title>Blog Migration</title>
<link>http://econoclectic.powerblogs.com/posts/1215421081.shtml</link>
<description>EclectEcon has moved. While I will be keeping this site for at least six months, all new postings will be at:...</description>
<dc:creator>EclectEcon</dc:creator>
<dc:date>2008-07-07T08:07+00:00</dc:date>
<content:encoded><![CDATA[EclectEcon has moved. While I will be keeping this site for at least six months, all new postings will be at:<br />
<br />
<center><span class="large"><b><a href="http://www.EclectEcon.net">www.EclectEcon.net</a></b></span></center> <br />
I realize it is a bit of a hassle to reset your bookmarks and links. I resisted making the change, but in the end I just couldn't put it off any longer.]]></content:encoded>
</item>

<item rdf:about="http://econoclectic.powerblogs.com/posts/1214873874.shtml">
<title>New, Over-the-Counter Placebo</title>
<link>http://econoclectic.powerblogs.com/posts/1214873874.shtml</link>
<description>Whenever a physician or other health employee asks if I'm currently taking any medications, I reply,...</description>
<dc:creator>EclectEcon</dc:creator>
<dc:date>2008-07-07T05:07+00:00</dc:date>
<content:encoded><![CDATA[Whenever a physician or other health employee asks if I'm currently taking any medications, <a href="http://www.typepad.com/t/app/weblog/post?__mode=edit_entry&id=51869888&blog_id=1678106">I reply</a>,<BR />
<blockquote>Yes, I take about ten different placebos each morning... a multiple vitamin, vitamin C, Vitamin D, ... etc.</blockquote> Now I can take <a href="http://www.cnehealth.org/blog_archive/archive_sandberg_2007.htm#603">a <i>real</i> placebo</a> each morning [h/t to Brian Ferguson]:<BR />
<blockquote>Over-the-Counter Placebo<BR />
03 JUN 2008 – A new drug is arriving in the US that promises safe relief from everything from a wide range of childhood (and adult) conditions. It is called Obecalp – placebo backwards. <a href="http://www.nytimes.com/2008/05/27/health/27plac.html?_r=2&oref=slogin&oref=slogin">Obecalp</a> fills a previously empty market niche: you cannot normally buy placebo medication at the pharmacy, but many parents wish to help their children for imagined ailments without giving them real drugs as placebo. The pills look and taste like actual medicine but just contain dextrose. Since there is no active ingredient and they do not treat any particular condition it can be marketed as a dietary supplement. </blockquote>Not everyone is thrilled, though, with this marketing concept. The article continues,<BR />
<blockquote> Experts are somewhat divided over marketing placebo to minors. One issue is the deception involved, which has led the the AMA to come down negatively on placebo. But given that parents often believe (based on quite a lot of evidence) that placebo does work, that parents regularly lie to their children and that the alternative may be them instead giving ibuprofen or antibiotics rather than something guaranteed innocuous, the deception issue may be outweighed by concerns of overprescription. The real problem may be that parents are bad at acting as if it was a real medication. Yet <b>studies have found that <a href="http://www.leecrandallparkmd.net/researchpages/placebo1.html">even when patients know</a> they are getting placebo they get better.</b> [emphasis added]<BR />
<BR />
Another reason to avoid placebo pills is that they condition children to see pills as a relief, perhaps making them more vulnerable to future overmedication or quackery. Yet giving other kinds of placebos like herbal teas may have the same effect. What most crying kids really need is a "kiss it and make it better" concern from their parents. Yet today's kids may actually consider being given a pill a similar symbol of affection. Ms. Buettner, the creator of Obecalp, claims that "as a parent you'll know when Obecalp is necessary." Leaving the non-medical interventions in the hands of parents seems to be a better choice than asking the medical professions to deal with them.</blockquote> As the writer of that item later wondered, how long will it be until generic obecalp competes for shelf space with the branded product?<BR />
<BR />
My friend BenS suffers from what he terms "idiopathic pseudo hypochondriasis". Obecalp sounds like just the product for him.]]></content:encoded>
</item>

<item rdf:about="http://econoclectic.powerblogs.com/posts/1214771810.shtml">
<title>Mohammed al-Dura: The Faking of a Killing&lt;br>&lt;i>and the fomenting of more anti-Israel propaganda&lt;/i></title>
<link>http://econoclectic.powerblogs.com/posts/1214771810.shtml</link>
<description>The staged appearance of the killing of al-Dura, staged to make it appear the boy was killed by Israeli troops, set off a wave of fury:...</description>
<dc:creator>EclectEcon</dc:creator>
<dc:date>2008-07-06T05:07+00:00</dc:date>
<content:encoded><![CDATA[The staged appearance of the killing of al-Dura, staged to make it appear the boy was killed by Israeli troops, set off a wave of fury:<BR />
<blockquote>    On September 30 2000, two days after Ariel Sharon, then the leader of Israel’s opposition Likud Party, went for a walk on Temple Mount, Palestinians mounted a demonstration at Gaza’s Netzarim Junction. A 55-second piece of video footage of that demonstration, transmitted that day by the French TV station France 2, was to cause unprecedented violence in the Middle East and throughout the world.<BR />
<BR />
    The footage, with a voice-over by France 2’s Jerusalem correspondent, Charles Enderlin, showed what was said to be the killing of 12-year-old Mohammed al-Dura by Israeli marksmen. Viewers saw the child crouching in terror behind his father, Jamal, as they sheltered next to a barrel under what Enderlin said was Israeli gunfire, and then slumping to the ground as Enderlin pronounced that he was dead.<BR />
<BR />
    That image of the boy screaming in terror before being killed was uniquely incendiary. It portrayed the Israelis as diabolically gunning down a child in cold blood, even as he cowered for his life. It ignited the Arab and Muslim world with apparent proof that the Israelis were deliberately killing their children, inciting a murderous frenzy.<BR />
<BR />
    Al-Dura became a poster boy for the Palestinian and Islamist war against Israel and the West. The day after the France 2 broadcast, the second intifada erupted in its full fury; according to the 2001 Mitchell report, the two events were directly connected. Twelve days later, a mob of Palestinians shouting, ‘Revenge for the blood of Mohammed al-Dura’ lynched two Israeli army reservists and dragged their mutilated bodies through the streets of Ramallah.<BR />
<BR />
    When al-Qaeda decapitated the journalist Daniel Pearl, the video of this atrocity was punctuated with references to al-Dura. After September 11 2001, Osama bin Laden said: ‘Bush must not forget the image of Mohammed al-Dura.’ Several Arab countries issued postage stamps with his picture. On Palestinian Authority TV and in its school books, al-Dura’s example is used to encourage other children to emulate his spirit of ’sacrifice’.<BR />
<BR />
    But we now know that this whole fiesta of violence and incitement was based on a lie. For whatever people think they saw in those 55 seconds, it was not the death of that boy. He was not killed by Israeli bullets; he was not killed at all. At the end of France 2’s famous footage, he was still alive and unharmed. The whole thing was staged, a fantastic piece of play-acting, an elaborate fabrication designed to blacken Israel’s name, and incite the Arab and Muslim mobs to mass murder. </blockquote> Melanie Phillips has a very detailed account of the entire affair. I highly recommend reading the whole thing.<BR />
<BR />
In addition, Alan Adamson links to some insightful comments about the media trial that ensued, in which France 2 and Charles Enderlin sued Phillipe Karsenty for libel when he exposed the sloppiness, bias, and outright untruths in the original story as reported on France2 by Enderlin.<BR />
<blockquote>   To understand the al-Dura affair, it helps to keep one thing in mind: In France, you can't own up to a mistake.</blockquote> Not even if it contributes to intifadas, death, anti-Semitism, and more hatred.<BR />
<BR />
For links (omitted here), <a href="http://eclectecon.typepad.com/eclectecon/">see this</a>.]]></content:encoded>
</item>

<item rdf:about="http://econoclectic.powerblogs.com/posts/1214690236.shtml">
<title>That's &lt;b>MISTER&lt;/b> Nanny to You</title>
<link>http://econoclectic.powerblogs.com/posts/1214690236.shtml</link>
<description>...</description>
<dc:creator>EclectEcon</dc:creator>
<dc:date>2008-07-05T05:07+00:00</dc:date>
<content:encoded><![CDATA[<p><a href="http://eclectecon.typepad.com/photos/uncategorized/2008/06/28/laraandjacob.jpg"><img border="0" class="image-full" alt="Laraandjacob" title="Laraandjacob" src="http://eclectecon.typepad.com/photos/uncategorized/2008/06/28/laraandjacob.jpg" style="margin: 0px 0px 5px 5px; float: right; width: 426px; height: 284px;" /></a><BR />
<BR />
I will be visiting Houston for the next little while, acting as a nanny /housekeeper for our granddaughter while my son and his wife go back to work/school. We're delighted to be able to help out.<BR />
<BR />
This is our 5th granddaughter and our first opportunity to be nanny-temps. There are so many relatives around here, where our other children and granddaughters live, and Canadian parental leave is so generous [the U.S. does not provide a year of parental leave as Canada does], that none of the grandparents actually moved in to help out with the others. <BR />
<BR />
I'll be there for awhile; then Ms. Eclectic will take over from me. Later in the summer and fall other grandparents will take a shift. <BR />
<BR />
How much blogging I do depends on how much she sleeps during the day while I'm supposed to be looking after her ...</p><BR />
]]></content:encoded>
</item>

<item rdf:about="http://econoclectic.powerblogs.com/posts/1215131763.shtml">
<title>Knee-high by the 4th of July</title>
<link>http://econoclectic.powerblogs.com/posts/1215131763.shtml</link>
<description>When I was young, the farmers had a test for whether their corn crop would be good. The saying, &amp;quot;Knee-high by the fourth of July&amp;quot; meant that if their corn was...</description>
<dc:creator>EclectEcon</dc:creator>
<dc:date>2008-07-04T17:07+00:00</dc:date>
<content:encoded><![CDATA[When I was young, the farmers had a test for whether their corn crop would be good. The saying, &quot;Knee-high by the fourth of July&quot; meant that if their corn was knee-high by then, the crop was likely to be a good one. Of course, it was just a vague rule of thumb, since corn matures much more quickly farther south than it does in the northern states or in Canada.<BR />
<BR />
This summer, it looks to us as if the corn in our area is about waist-high on the fourth of July. We have had some good warm stretches and lots of moisture. The farmers around here are working very hard to find something about the weather to complain about... 8-)]]></content:encoded>
</item>

<item rdf:about="http://econoclectic.powerblogs.com/posts/1214079648.shtml">
<title>Weather Report from Mars</title>
<link>http://econoclectic.powerblogs.com/posts/1214079648.shtml</link>
<description>This is not a joke (unlike the e-mail that claims to be a picture of water on Mars)....</description>
<dc:creator>EclectEcon</dc:creator>
<dc:date>2008-07-04T05:07+00:00</dc:date>
<content:encoded><![CDATA[<a href="http://www.space.gc.ca/asc/eng/exploration/phoenix_weather1.asp">This is not a joke</a> (unlike the e-mail that claims to be a picture of water on Mars). <BR />
<BR />
The Canadian Space Agency posts weather reports on a semi-regular basis, using data from the Phoenix.<BR />
<BR />
Highs near -30C, lows near -80C. As humans continue their colonization of space, perhaps Albertans could migrate there without much difficulty.<BR />
<BR />
<span class="small"><span style="font-size: 0.8em;"><strong>Note:</strong> I am pleased to see that the Canadian Space Agency uses the standard temperature protocol: C stands for Canadian temperatures; F stands for foreign temperatures.</span></span><BR />
]]></content:encoded>
</item>

<item rdf:about="http://econoclectic.powerblogs.com/posts/1214756548.shtml">
<title>Does NOBODY Understand "Opportunity Costs"?</title>
<link>http://econoclectic.powerblogs.com/posts/1214756548.shtml</link>
<description>If a politician has a net worth of, say $2 million, does it matter in what form they hold their wealth?...</description>
<dc:creator>EclectEcon</dc:creator>
<dc:date>2008-07-03T05:07+00:00</dc:date>
<content:encoded><![CDATA[If a politician has a net worth of, say $2 million, does it matter in what form they hold their wealth? <BR />
<BR />
Suppose they have $2 million in Treasury Bills. If the gubmnt provides them with a monthly allowance to cover their rent, people do not seem to object too much.<BR />
<BR />
But suppose instead they have a $2 million home. If the gubmnt provides them with a monthly living allowance to cover the implicit rent on their home (what they could have earned from renting it; or, alternatively, what they could have earned from selling the home and buying other assets such as T-bills), people get so terribly upset.<BR />
<BR />
So a <a href="http://timworstall.com/2008/06/29/snigger-21/">Brit politician sold her house</a> merely to justify to the econo-ignorant receiving a monthly rent cheque.<blockquote><em>The</em> <em>Sunday Telegraph</em> has learnt that the Wintertons have decided to move out after being barred from claiming any more in Additional Cost Allowance (ACA) for living there. Instead, they will move into a rented flat in Westminster which will cost the taxpayer thousands of pounds a year in ACA.<BR />
<BR />
Lady Winterton, the MP for Congleton, Cheshire, has written to John<BR />
Lyon, the Parliamentary Standards Commissioner, informing him that the<BR />
family trust, which owns their previous home on behalf of their<BR />
children, would now rent it out to a new tenant &quot;at the current market<BR />
rate, as now&quot;.</blockquote><BR />
And the ignorantia are upset by this.<BR />
<BR />
Again, I ask, what's the difference? Why should it matter how the politicians hold their wealth? If they are to receive a rent allowance, is there a wealth test? If not, whether they own a flat/house should be irrelevant.<p><strong>Addendum</strong>: The criteria for who should qualify for the ACA do, indeed, seem to open the door for some questionable activities (<a href="http://www.melaniephillips.com/articles-new/?p=594">see this</a>); but given the criteria, the buy-rent decision and the wealth of the MPs should not cloud the issue. Opportunity costs are <em>still</em> important.</p>]]></content:encoded>
</item>

<item rdf:about="http://econoclectic.powerblogs.com/posts/1214696523.shtml">
<title>Cuban Wage Differentiation:&lt;br>&lt;i>People Respond to Incentives&lt;/i></title>
<link>http://econoclectic.powerblogs.com/posts/1214696523.shtml</link>
<description>Regular EclectEcon reader, Kevin, sent me this link about the changing wage structure in Cuba....</description>
<dc:creator>EclectEcon</dc:creator>
<dc:date>2008-07-02T17:07+00:00</dc:date>
<content:encoded><![CDATA[<p>Regular EclectEcon reader, Kevin, sent me <a href="http://news.bbc.co.uk/2/hi/americas/7449776.stm">this link</a> about the changing wage structure in Cuba.</p><blockquote><p class="first"> <strong>Cuba is to abolish its system of equal pay for all and allow workers and managers to earn performance bonuses, a senior official has announced. </strong> [emphasis in the original as a sub-headline]<BR />
<BR />
Vice-Minister for Labour Carlos Mateu said the current system - in<BR />
place since the communist revolution in 1959 - was no longer<BR />
&quot;convenient&quot;.<BR />
<BR />
He said wage differentiation should improve production and services. ...<BR />
<BR />
The minister pointed out that the current wage system sapped<BR />
employees' incentives to excel since everyone earned the same<BR />
regardless of performance.<BR />
<BR />
&quot;It's harmful to give a worker less than he deserves, it's also<BR />
harmful to give him what he doesn't deserve,&quot; the newspaper article<BR />
said. </blockquote>]]></content:encoded>
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