Topics to Explore

Moneynomics (33) Science (29) General (26) Business (25) informative (22) research (22) Healthrive (21) Interesting (20) Technology (20) insightful (20) Books (16) offbeat (16) Economy (15) Culture (14) Physics (14) Electrical (13) Engineering (13) Electronics (12) America (11) Economics (11) World Affairs (11) World Views (11) psychology (11) Arts (10) Authors (10) Foreign Policy (10) GenSci (10) COGpsych (9) Creative (9) Globalization (9) Hard Science (9) History (9) Interview (9) Mental Health (9) cogsci (9) Health (8) Neuroscience (8) hacktive (8) Entertainment (7) United States (7) brain (7) Career (6) China (6) Cosmos (6) Job Search (6) Jobs (6) Kids (6) Lifehacks (6) Literature (6) Logictive (6) Perceptive (6) Space (6) Tips and Tricks (6) ee (6) how to (6) infographic (6) video (6) Astronomy (5) Energy (5) Green Energy (5) Politics (5) Resume (5) Universe (5) Wisdom (5) innovative (5) innovators (5) nanotechnology (5) Autism (4) Entrepreneur (4) Inspiration (4) Lifentials (4) Quote (4) Religion (4) WTF (4) geek (4) Crime (3) Employment (3) Endings (3) Genetics (3) Green Tech (3) Infotainment (3) Job-Hunt (3) Pics (3) Social Sciences (3) Women (3) apple (3) cover letter (3) explainer (3) movies (3) philosophy (3) social issues (3) AstroPhysics (2) Beginnings (2) Blog (2) Education (2) Electric Vehicles (2) Evolution (2) Food (2) Frugal (2) Funny (2) Future (2) Gaming (2) Internet (2) Men (2) Music (2) Nutrition (2) Parenting (2) Quantum (2) Review (2) School (2) SciFi (2) Short story (2) Smart (2) Songs (2) Stories (2) TV Shows (2) advertising (2) cars (2) children (2) environment (2) inventors (2) phenomenon (2) power (2) speculative (2) Aotomobiles (1) Architechture (1) Comics (1) Cooking (1) DIY (1) Death (1) Divorce (1) Europe (1) Family (1) Fiction (1) Fuel Cells (1) Games (1) History of science (1) Human body (1) Lessons (1) Marriage (1) Medicine (1) MultiCulturism (1) NPR (1) Nature (1) Old age (1) Organized crime (1) Parents (1) Personal finance (1) Pregnancy (1) Programming (1) Projects (1) Quantum mechanics (1) Renewable energy (1) Retirement (1) Revolution (1) Satire (1) Science fiction (1) Sex (1) Social Media (1) Sociology (1) Solar (1) Space Travel (1) Stats (1) Talks (1) Tesla (1) Theoretical Physics (1) Thoughtful Meditations (1) Weight loss (1) Wikipedia (1) aging (1) biology (1) diet (1) documentary (1) excerpt (1) feminism (1) flash game (1) ideas (1) indie (1) marketing (1) marvel (1) psychiatry (1) sceptic (1) superhero (1) technology and mathematics (1) x-men (1)
Showing posts with label Social Sciences. Show all posts
Showing posts with label Social Sciences. Show all posts

Wednesday, October 17, 2012

Double Jeopardy: In China, the rich and powerful can hire body doubles to do their prison time for them

By

Illustration by Robert Neubecker
Illustration by Robert Neubecker.


 In May 2009, a wealthy 20-year-old was drag racing through the city streets of Hangzhou, China, when his Mitsubishi struck and killed a pedestrian in a crosswalk. The car was traveling so fast that the victim—a 25-year-old telecom engineer of a modest, rural background—was flung at least 20 yards. Afterward, bystanders and reporters photographed the driver, Hu Bin, as well as his rich friends, who nonchalantly smoked cigarettes and laughed while waiting for the police to arrive at the scene.

These images, soon posted online, provoked a public outcry. Anger over the callous behavior of these wealthy Chinese youths was followed by accusations of a police cover-up. First, the local authorities admitted that they had underestimated the speed Hu’s vehicle was traveling by half. (Incredibly, the police had first suggested that Hu was going no more than 43 mph.) Public furor rose again when Hu received a three-year prison sentence, an exceptionally light punishment in a country where drunk drivers guilty of similar accidents can receive the death penalty.
But the most stunning allegation was that the man appearing in court and serving the three-year sentence wasn’t Hu at all, but a hired body double.

The charge isn’t as far-fetched as it may sound. The practice of hiring “body doubles” or “stand-ins” is well-documented by official Chinese media. In 2009, a hospital president who caused a deadly traffic accident hired an employee’s father to “confess” and serve as his stand-in. A company chairman is currently charged with allegedly arranging criminal substitutes for the executives of two other companies. In another case, after hitting and killing a motorcyclist, a man driving without a license hired a substitute for roughly $8,000. The owner of a demolition company that illegally demolished a home earlier this year hired a destitute man, who made his living scavenging in the rubble of razed homes, and promised him $31 for each day the “body double” spent in jail. In China, the practice is so common that there is even a term for it: ding zui. Ding means “substitute,” and zui means “crime”; in other words, “substitute criminal.”

Thursday, October 11, 2012

A Point of View: What would Keynes do?


What would John Maynard Keynes, one of the most influential economists of the 20th Century, have made of the current economic situation, ponders philosopher John Gray.
"I can see us as water-spiders, gracefully skimming, as light and reasonable as air, the surface of the stream without any contact at all with the eddies and currents underneath."

That was how John Maynard Keynes, speaking in 1938 in a talk later published as his brilliant memoir My Early Beliefs, recalled his younger self and his friends in the Bloomsbury Group as they had been in the years before World War I.
John Maynard Keynes in 1938
The influential Cambridge economist has figured prominently in the anxious debates that have gone on since the crash of 2007-2008. For most of those invoking his name, he was a kind of social engineer, who urged using the power of government to lift the economy out of the devastating depression of the 30s.
John Gray

Find out more

That is how Keynes's disciples view him today. The fashionable cult of austerity, they warn, has forgotten Keynes's most important insight - slashing government spending when credit is scarce only plunges the economy into deeper recession.
What is needed now, they believe, is what Keynes urged in the 30s - governments must be ready to borrow more, print more money and invest in public works in order to restart growth.
But would Keynes be today what is described as a Keynesian? Would this supremely subtle and sceptical mind still believe that policies he formulated long ago - which worked well in the decades after the World War II - can solve our problems now?




Enhanced by Zemanta

Wednesday, October 3, 2012

Our Ridiculous Approach to Retirement

Dennis Stock/Magnum Photos

TERESA GHILARDUCCI writes in the newyork times.
"I WORK on retirement policy, so friends often want to talk about their own retirement plans and prospects. While I am happy to have these conversations, my friends usually walk away feeling worse — for good reason.

Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts. The specter of downward mobility in retirement is a looming reality for both middle- and higher-income workers. Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day.