Thursday , November 23 2017
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Friday afternoon links – Publications – AEI

Summary:
AEI Friday afternoon links 1. Chart of the Day I (above) shows the annual number of strong to violent tornadoes (F3+) tornadoes in the US back to 1954. We are way past the main tornado season (March through June) and there have only been 15 F3+ tornadoes this year. With fewer than 12 weeks left in the year, the US is on track to possibly have the fewest annual number of strong/violent tornadoes in 2017 in more than 60 years.  In the period above, the year with the fewest number of F3+ tornadoes was 1987, with 17. The trend line in the chart above shows that the frequency of strong/violent tornadoes in the US has been declining over time. For example, the average number of annual F3+ tornadoes in the first half of the sample above was almost 56 compared to an average annual count of 34.5

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AEI
Friday afternoon links

Friday afternoon links - Publications – AEI

1. Chart of the Day I (above) shows the annual number of strong to violent tornadoes (F3+) tornadoes in the US back to 1954. We are way past the main tornado season (March through June) and there have only been 15 F3+ tornadoes this year. With fewer than 12 weeks left in the year, the US is on track to possibly have the fewest annual number of strong/violent tornadoes in 2017 in more than 60 years.  In the period above, the year with the fewest number of F3+ tornadoes was 1987, with 17. The trend line in the chart above shows that the frequency of strong/violent tornadoes in the US has been declining over time. For example, the average number of annual F3+ tornadoes in the first half of the sample above was almost 56 compared to an average annual count of 34.5 tornadoes during the second half of the sample.

Q: According to Al Gore, isn’t there supposed to be a connection between global warming and extreme weather? If so, shouldn’t the frequency of F3+ tornadoes be trending up over time, instead of down?

2. Markets in Everything I. Facebook today formally announced its new feature that allows users to order food from local restaurants using its app.

3. Markets in Everything II. Ranger Guard app lets businesses order security guards like Uber.

4. Creative Destruction Fact. According to the New York Times, “For the first time, more people are using Uber in New York than the city’s fabled yellow cabs. In July, Uber recorded an average of 289,000 rides each day compared with 277,000 taxi trips.”

5. Video of the Day I (above) to recognize what would have been Margaret Thatcher’s 92nd birthday today (October 13). In her address to the Conservative Party conference in 1983, she said:

Let us never forget this fundamental truth. The state has no source of money other the money people earn themselves. If the state wishes to spend more, it can do so only by borrowing your savings or by taxing you more. There is no such thing as public money, there is only taxpayers’ money.

It is a very fundamental truth that is frequently and almost universally forgotten. Any time you see the terms “public funding,” “public funds,”  “government funding,” or “government funds” be sure to substitute “taxpayer funding” and “taxpayer funds.”

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6. More on Margaret Thatcher.Top Five Reasons Margaret Thatcher is Still an Inspiration to Women Today” by Betsy Pearson of the Independent Women’s Forum.

Friday afternoon links - Publications – AEI

7. Chart of the Day II (above). When it comes to charitable giving, Americans are “off the charts” in the chart above. As a share of GDP, Americans are 13 times more charitable than the French and 16 times more generous than the Swiss.

See Dan Jones’s article in National Review (“Americans Are Oddballs“) and the study “Gross Domestic Philanthropy: An international analysis of GDP, tax and giving” by the Charities Aid Foundation (the source of the chart above).

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8. Lawsuit of the Day I. Big-name full-service operators have been named in a class-action lawsuit asserting that no-tipping policies are a “conspiracy” to charge more for food. Source.

9. Lawsuit of the Day II. The Mackinac Center for Public Policy and the University of Michigan have reached a settlement in a lawsuit over the university’s failure to comply with a Freedom of Information Act request. The Center filed the FOIA request after Michigan President Mark Schlissel made disparaging comments about Donald Trump and the people who had voted for him following the 2016 presidential election. As a result of the settlement, 11 emails sent by Schlissel with the word “Trump”  have been released and are available online here.

10. Video of the Day II (below). “Hitler Learns About Harvey Weinstein,” created by Steve Hayward, who said, “Because you know someone had to do this.” Great job.

Friday afternoon links
Mark Perry

Mark Perry

Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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