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Quote:"What happened? That’s such a fraught question that McCloskey’s book is the second in a series of six (!) planned volumes. Her answer is that it wasn’t foreign trade (too small), it wasn’t imperialism (it didn’t enrich the imperial countries), it wasn’t the establishment of property rights (they had existed before), and it wasn’t the Protestant work ethic (hard work wasn’t new).
It was simply a new attitude toward wealth and its creation. McCloskey calls it the “Bourgeois Revaluation.” It afforded the shopkeeper the dignity that he had always been denied because he wasn’t a manorial lord, a cavalry officer, or a priest. It blessed commercial activity and its associated virtues. Europe became, in the words of the economist Joseph Schumpeter, a “business-respecting civilization.”
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// Working is for suckers.
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Quote:"In Israel it is common for applicants to attach photographs of themselves on their CVs, so economists sent pairs of applications to 2,656 jobs.
Although identical in content, one CV had no headshot, and the other a headshot of either an attractive or unattractive man or woman.
They then analysed the numbers called back for an interview.
Attractive males received a 19.9 per cent callback rate, almost 50 per cent higher than the 13.7 per cent response for plain men and more than twice the 9.2 per cent response to those with no photo.
But with women the reverse was true. Those with no photo had the highest call back rate, which was 22 per cent higher than plain women and 30 per cent higher than attractive women.// This is a clear indicator of bias in typical HR departments.
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// Via Mitch Berg
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// The economy needs to add about 110,000 to 150,000 jobs a month just to keep up with new entrants to the marketplace. And remember, people are retiring later because their investments have been so bad, forcing them to work longer. This means fewer positions, fewer promotions for millions of workers looking to move up. Not to mention the millions of Americans underemployed or discouraged.
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// Take a look at the challenges yourself
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Quote:"In case you’re wondering – yes, Brits are still very much addicted to text messaging too. Sixty five per cent of respondents stated that “the very last thing they do before nodding off at night is to check their mobile phone for text messages”, averaging 9 minutes before they fall asleep.
Bizarrely, 20% of those surveyed confessed that “they have stopped mid-way whilst making love with their partner to check on an incoming text message”.
// Wow, British people must be really ugly.
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