On the NYT’s Economix blog, Catherine Rampbell noticed the new iPhone app that donates money to charity every time you hit the snooze button on your phone and wonders—what if Congress had some similar mechanism in place, so that every time it passed the buck on fiscal policy, it would have to pay some constructive penalty?
Speaking of suggestions for Washington, Warren Buffett’s Times op-ed of last week continued to reverberate. (So did his big new investment.) On Economix, conservative economist Bruce Bartlett agreed that raising taxes on the uber-rich would significantly reduce the deficit; writing for the Tax Foundation, David S. Logan said the wealthy don’t have enough money to make a meaningful impact. And in the Journal, Robert Frank reports that 16 of the richest people in France have started a petition to pay more taxes.
Are government regulations hurting business as much as business says they are? Joe Nocera looks at how a government action against Boeing could cost thousands of jobs.
While the stock market performed its usual gyrations, the price of gold actually fell this week—prompting gold skeptics to indulge in a little gloating, as the New York Observer points out. “Goldenfreude”? Really?
On the topic of falling, the San Francisco Fed looked at whether aging Baby Boomers are depressing the markets.
Are they teaching your children well? In the Times, Motoko Rich looks at the economic messages hidden in popular children’s books.
What about the parents? The Census Bureau looks at divorce rates across the country and finds that Southerners get divorced more than Northerners—but before you Yankees start pointing fingers, it’s mostly because Southerners get married more.
Finally, perhaps the biggest economic news of the week may have been Steve Jobs’ decision to step down as Apple CEO. CultofMac looked at how front pages across the world displayed the sad news.