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September 2006

Two from other econobloggers

Two from other econobloggers:

Alex Tabarrok shows clearly why a letter signed by some economists in support of raising the minimum wage is "confused".

Peter Klein states that he was bewildered the first time he heard the phrase, "evidence based management". He asks: what other kind is there? Good question, but one that can be addressed rather easily by visiting a local Barnes & Noble and perusing the "Management" shelf.

Long article about the "Las Vegas in the Arabian Desert": Dubai. Toward the end there's a warning:

Dubai is an impossible city. Perhaps that's why it's also a model, a laboratory for the relaxed co-existence of East and West, a place where people from all over the world can meet. It's not a melting pot, but it's a place where different people are somehow able to live side by side, a bit like neighbors in an anonymous skyscraper.

That could work, even in the long run -- maybe. But it's also possible that everything will go wrong. There have already been food riots by construction workers. There have been demonstrations in the center of town. Perhaps the only reason the city has been spared a terrorist attack is that, at the moment, every other digger, every other construction crane and every other caterpillar truck belongs to the Bin Laden Group, the largest construction business in the Arab world. Maybe even al-Qaeda needs Dubai to launder money for future operations -- who knows. It's a guessing game. Dubai is dazzling and confusing.