This is a humorous piece from Freakonomics on a suggestion for a Tax on Sex
(I think some of the comments were taking it a bit too seriously!
+ It has been observed that Democrats are generally in favor of taxation and Republicans are generally opposed to unnecessary sexual activity; and whereby:
+ The unintended costs of sexual activity are unacceptably high, particularly in the political arena (c.f. Messrs. Clinton, Foley, Craig, Edwards, and most recently one Mr. Levi Johnston, to name just a fraction of the available examples); and whereby:
House prices in the UK are falling at the fastest rate since the Great Depression. There is a powerful momentum for falling house prices. Predicting house prices for 2009 is difficult, but, I think in the short term, they will keep falling - House price forecast 2009. The US by contrast may at last be beginning to see a moderation in house price falls.
The start of the academic year has seen an increase in readers questions. I often get asked about the Difference between Economics and Business Studies.