Author Archives: mkevane

Unknown's avatar

About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.

The Snow Queen by Michael Cunningham

I confess the book lost my attention in the final third.  I felt like I had understood enough, so I skimmed.  I enjoyed reading it, even though I do not ordinarily like American family drama novels (I live it, what’s … Continue reading →

Posted in Book and film reviews | Comments Off on The Snow Queen by Michael Cunningham

Sarcastics United: Justice Scalia Is our Champion, Literally and Snootily

Justice Scalia might have a different objection. “I’m a snoot,” he once said.  “Snoots are those who are nit-pickers for the mot juste, for using a word precisely the way it should be used,” he explained.  Professor Hasen, on the … Continue reading →

Posted in Personal Kevane life | Comments Off on Sarcastics United: Justice Scalia Is our Champion, Literally and Snootily

Another top economist (Sachs) disserves his readers

Jeffrey Sachs writes in an opinion piece (The War with Radical Islam by Jeffrey D. Sachs – Project Syndicate) To be clear, Western actions do not provide Islamist terrorism with a scintilla of justification. The reason to point out these … Continue reading →

Posted in Development thinking, United States | Comments Off on Another top economist (Sachs) disserves his readers

Horrible writing from Larry Summers and Ed Balls

A report on wage stagnation in the United States, that I quickly perused, prompted the following question on style:  Why do so many prominent economists think that nobody cares what they write as long as they understand the general thrust … Continue reading →

Posted in Teaching macroeconomics | 3 Comments

Beautiful Darkness by Kerascoët’s and Fabien Vehlmann

This was on many lists of best graphic novel of 2014, so I ordered it for Christmas present for Sukie.  Very disturbing, but we had an intense discussion of what it “meant” where I got to be like a middle-school … Continue reading →

Posted in Book and film reviews | Comments Off on Beautiful Darkness by Kerascoët’s and Fabien Vehlmann

Pretty friggin sobering: Exploding wealth inequality in the United States

Since the housing and financial crises of the late 2000s there has been no recovery in the wealth of the middle class and the poor. The average wealth of the bottom 90 percent of families is equal to $80,000 in … Continue reading →

Posted in Teaching macroeconomics | Comments Off on Pretty friggin sobering: Exploding wealth inequality in the United States

Early 2015 reflection on childhood

Yesterday at some point I remembered that when I was a kid I used to have a recurring dream that I could fly.  The dream usually started with my standing in our driveway.  We had two very large trees next … Continue reading →

Posted in Personal Kevane life | Comments Off on Early 2015 reflection on childhood

Good editorial from the NY Times on the Fed’s current balancing act

The challenge for the Fed is to hold rates low without inflating bubbles. The way to do so is to control speculation through stepped-up regulation of banks and other financial institutions. Instead, the Fed has been inclined to ease up … Continue reading →

Posted in Teaching macroeconomics | Comments Off on Good editorial from the NY Times on the Fed’s current balancing act

Books read in recent months… quick reviews

I have been terrible about recording what I have been reading and watching in the last few months.  So I thought as a way to start off 2015 without that hanging over my head I could just to a one … Continue reading →

Posted in Book and film reviews | Comments Off on Books read in recent months… quick reviews

El Amor by Ricardo Arjona… he is coming to San Jose… too expensive for me

El amor es la belleza que se nutre de tristeza, y al final siempre se va..

Posted in Music | Comments Off on El Amor by Ricardo Arjona… he is coming to San Jose… too expensive for me

After grading, and after mother in hospital, time for holding your head high

Posted in Personal Kevane life | Comments Off on After grading, and after mother in hospital, time for holding your head high

Why could the ruble not have collapsed while I was teaching macroeconomics?

To try to stanch the bleeding, on Monday evening (the middle of the night Moscow time), the Central Bank of Russia announced a stunning interest rate increase. Its main deposit rate is now 17 percent, up from 10.5 percent when … Continue reading →

Posted in Teaching international trade, Teaching macroeconomics | Comments Off on Why could the ruble not have collapsed while I was teaching macroeconomics?

Burkina Faso government suspends CDP and ADF-RDA

I hope in coming days there will be more clarification of exactly what the basis for the suspension is. Burkina Faso’s transitional government on Monday suspended the party of deposed president Blaise Compaore and two allied political groups which had … Continue reading →

Posted in Politics | Comments Off on Burkina Faso government suspends CDP and ADF-RDA

Time for transition authorities in Burkina Faso to actually demonstrate rather than promise

It would be nice to see their own declarations of assets made public and enable journalists to investigate, and to see the declarations of old regime members (their assets were supposed to have been declared).  Also, as REN-LAC says, what … Continue reading →

Posted in Politics | Comments Off on Time for transition authorities in Burkina Faso to actually demonstrate rather than promise

Why I generally detest Hollywood movies

Family and friends always ask me why I typically refuse to go to most Hollywood movie, why I sigh heavily when I am watching them, while I roll my eyes in the dark, why I have nothing to say after … Continue reading →

Posted in Personal Kevane life | Comments Off on Why I generally detest Hollywood movies

Guardian podcasts: Anita Desai reads The Postmaster by Rabindranath Tagore and A.S. Byatt reads Penelope Fitzgerald’s At Hiruharama

I went for a run this morning and included a podcast of Anita Desai reading ‘The Postmaster’ by Rabindranath Tagore .   A quiet, meditative reflection on empathy (or the lack thereof). Very simple, very short. The Guardian’s selection is quite … Continue reading →

Posted in Book and film reviews | Comments Off on Guardian podcasts: Anita Desai reads The Postmaster by Rabindranath Tagore and A.S. Byatt reads Penelope Fitzgerald’s At Hiruharama

U.S. recovery continues to be strong

The Labor Department reported Friday that employers added 321,000 jobs in November — a much stronger number than expected — but perhaps even more significant was the biggest gain in average hourly earnings since June 2013. Hourly earnings rose by … Continue reading →

Posted in Teaching macroeconomics | Comments Off on U.S. recovery continues to be strong

Are TPP trade negotiations secret or not… an interesting issue

USTR spokeswoman Carol Guthrie disputes Weinger’s claim that the TPP negotiating process has been secretive. “The reality is that TPP negotiations have been more transparent and consultative than any U.S. trade agreement in history while maintaining the confidentiality appropriate for … Continue reading →

Posted in Teaching international trade | Comments Off on Are TPP trade negotiations secret or not… an interesting issue

Burkina Faso… Alizéta Ouédraogo lists her losses

Apparently, no sense of shame at all for never having questioned the legitimacy of the regime. “J’ai perdu deux tanneries avec un stock important de marchandises. Les machines ont été détruites par les flammes, les bâtiments ont été mis à … Continue reading →

Posted in Economy, Politics | Comments Off on Burkina Faso… Alizéta Ouédraogo lists her losses

The October 30 uprising that ousted Pres. Blaise Compaoré

Posted in Politics | Comments Off on The October 30 uprising that ousted Pres. Blaise Compaoré