What Would Ronald Reagan Do?

Bill Brown, a visiting professor of the practice of law at Duke University, says the Economic Recovery Tax Act of 1981 is the best model for getting America out of it's economic mess. According to Duke, Brown thinks it "offers a blueprint for fiscal stimulus that would be far more effective than the stimulus package currently before Congress."


Brown reflects on a similar time, when America was "plagued by slow economic growth, high interest rates and high inflation." ERTA, he says, not only reduced tax rates, but established a powerful set of incentives to promote investment in income-producing 'capital assets' — plant, property, and equipment—but it also "resuscitated the Kennedy-era investment tax credit, which gave business partial reimbursement for the purchase of every new income-producing asset they acquired. And it added to this subsidy by allowing all those assets to be depreciated extremely rapidly under the new Accelerated Cost Recovery System."

The effect was almost immediate, says Brown.

In 1999, David Bowie knew the internet would change the world

Musican. Actor. Fashion Icon. Internet Visionary?

Technology & Innovation
  • David Bowie was well known as a rock star, but somehow his other interests and accomplishments remain obscure.
  • In this 1999 interview, he explains why he knows the internet is more than just a tool and why it was destined to change the world.
  • He launched his own internet service provider in 1998, BowieNet. It ceased operations in 2006.
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People who constantly complain are harmful to your health

Moans, groans, and gripes release stress hormones in the brain.

Photo credit: Getty Images / Stringer
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Could you give up complaining for a whole month? That's the crux of this interesting piece by Jessica Hullinger over at Fast Company. Hullinger explores the reasons why humans are so predisposed to griping and why, despite these predispositions, we should all try to complain less. As for no complaining for a month, that was the goal for people enrolled in the Complaint Restraint project.

Participants sought to go the entirety of February without so much as a moan, groan, or bellyache.

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​Is science synonymous with 'truth'? Game theory says, 'not always.'

Good science is sometimes trumped by the craving for a "big splash."

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  • Scientists strive to earn credit from their peers, for grants from federal agencies, and so a lot of the decisions that they make are strategic in nature. They're encouraged to publish exciting new findings that demonstrate some new phenomenon that we have never seen before.
  • This professional pressure can affect their decision-making — to get acclaim they may actually make science worse. That is, a scientist might commit fraud if he thinks he can get away with it or a scientist might rush a result out of the door even though it hasn't been completely verified in order to beat the competition.
  • On top of the acclaim of their peers, scientists — with the increasing popularity of science journalism — are starting to be rewarded for doing things that the public is interested in. The good side of this is that the research is more likely to have a public impact, rather than be esoteric. The bad side? To make a "big splash" a scientist may push a study or article that doesn't exemplify good science.