The San Francisco Fed's Mark Doms discusses his work with Ethan Lewis on the adoption of technology, in this case the use of personal computers. An interesting result is that higher average educational attainment for a region results in more intensive adoption of personal computers and faster growth in wages: The Diffusion of Personal Computers across the U.S., audiovox replacement battery RBSF Economic Letter : For the last fifteen years or so, ... there can be little doubt that the growing use of IT contributed significantly to the economy's performance, especially in the latter half of the 1990s, when output grew rapidly, unemployment declined to 25-year lows, productivity surged, and the inflation rate actually fell. A key question about IT's role in this performance is how its use spreads or diffuses throughout the economy. This Economic Letter focuses on a particular part of this question, ... the diffusion of the personal computer across U.S. businesses from 1990 to 2002. ... Economies progress by adopting new technologies and using them both to produce existing goods more efficiently and to produce new goods. Furthermore, as economies become more efficient, the average wages of the economies also increase. Technologies that have transformed the economy in significant ways include the steam engine, the internal combustion engine, and electrification. These are sometimes called "general purpose" technologies because they are used in many parts of the economy ....

Today in journamalism: Today's Markets - WSJ.com : Global stock markets remained weak on Wednesday, but the selling pressure that swamped Wall Street late yesterday eased.... U.S. stock markets suffered their worst one-day plunge on Tuesday since Sept. 17, free goverment credit report 001, the first day of stock trading after the Sept. 11 terror attacks. The broad selloff was encouraged by weakness on the Shanghai market, disappointing economic data, weakness in the subprime lending market and rising uncertainty about Iran and Afghanistan. The Dow industrials -- briefly down as much as 546.20 points after a nearly instantaneous drop of about 200 points -- ended the day down 416.02.... But the Dow Industrials did *not* instantaneously drop 200 points. The ticker ran behind because of volume, and they had to switch over to a backup system, and this created the appearance of a sudden 200-point drop--not the reality of such a drop. The news is not that the DJIA instantaneously dropped 200 points. The news is that Dow Jones, Inc., has not invested enough in infrastructure to be able to produce a reliable real-time index. Plus it's a really lousy index, as indexes go.

Today in journamalism: Today's Markets - WSJ.com : Global stock markets remained weak on Wednesday, but the selling pressure that swamped Wall Street late yesterday eased.... U.S. stock markets suffered their worst one-day plunge on Tuesday since Sept. 17, 2001, the first day of stock trading after the Sept. 11 terror attacks. The broad selloff was encouraged by weakness on the Shanghai market, disappointing economic data, weakness in the subprime lending market and rising uncertainty about Iran and Afghanistan. The Dow industrials -- briefly down as much as 546.20 points after a nearly instantaneous drop of about 200 points -- ended the day down 416.02.... But the Dow Industrials did *not* instantaneously drop 200 points. The ticker ran behind because of volume, and they had to switch over to a backup system, and this created the appearance of a sudden 200-point drop--not the reality of such a drop. The news is not that the DJIA instantaneously dropped 200 points. The news is that Dow Jones, Inc., has not invested enough in infrastructure to be introduction letter ble to produce a reliable real-time index. Plus it's a really lousy index, as indexes go.

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Today in journamalism: Today's Markets - WSJ.com : Global stock markets remained weak on Wednesday, but the selling pressure that swamped Wall Street late yesterday eased.... U.S. stock markets suffered their worst one-day plunge on Tuesday since Sept. 17, 2001, the first day of stock trading after the Sept. 11 terror attacks. The broad selloff was encouraged by weakness on the Shanghai market, disappointing economic data, weakness in the subprime lending lead generation system arket and rising uncertainty about Iran and Afghanistan. The Dow industrials -- briefly down as much as 546.20 points after a nearly instantaneous drop of about 200 points -- ended the day down 416.02.... But the Dow Industrials did *not* instantaneously drop 200 points. The ticker ran behind because of volume, and they had to switch over to a backup system, and this created the appearance of a sudden 200-point drop--not the reality of such a drop. The news is not that the DJIA instantaneously dropped 200 points. The news is that Dow Jones, Inc., has not invested enough in infrastructure to be able to produce a reliable real-time index. Plus it's a really lousy index, as indexes go.

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Sigh. ( Download ) I'm really gonna miss him. And as for the outfits... Didn't mind Kayne's at all... ...isn't couture supposed to be ridiculous? (And really, it did fit well.) Laura's was an unfortunate casualty of travel. It definitely worked better in France. We didn't see her explaining the ruffle deflation to the judges, which sort of drove me crazy (I shouted, "Tell them that! Tell them that!" at my TV screen so many times that it picked itself up and bitch-slapped me). I loved how the judges gagged over the "night-and-day" difference when Michael tucked in the bunny ears of his gown. Seriously, Heidi, what kind of bunnies are you hanging out with? And how much did it suck that Angela was booted on the eve of the challenge that called for the most handmade detail? I can only imagine the fleurchon within a fleurchon exploding with baby fleurchons sucking thank you poems n fleurchon nipples that she would have sent down the runway. But whatever, at least Vincent picked up her slack... His own spin on it, but fluerchon is fleurchon. You know where that came from, right? (Or maybe that should be " fleurchamps ." Is French!) My biggest regret about Vincent leaving is that I won't be able to take the Little Vinny line into the world of feminine hygiene. I really wanted to do a deodorant spray, but was never given the chance (though I suppose that, looking back on it, Laura's pregnancy was a missed opportunity). And speaking of genitals and Vincent... 1.