Subject: RAGBRAI Update
your wristband number is:
In 1976, CAB Chairman John Robson pushed to “experiment” with price competition, and Continental was allowed to lower its intra-Texas fares to match and even undercut Southwest’s. Incidentally, Southwest introduced a two-tiered pricing structure… $13 each way fares matching Continental and $26 business fares which included a free fifth of alcohol. I vaguely recall Southwest becoming the largest liquor distributor in the state of Texas in 1977.
Burglars in the United States serve an average of 16 months in prison, according to Mr. Mauer, compared with 5 months in Canada and 7 months in England.
3) The moral panic also extends to people who meet those needs: we view paycheck lenders as in broadly the same class as pimps, casino owners, and drug dealers. Particularly disturbing seems to be the notion that people make profits providing money to the poor. Yet there's little evidence that payday lenders make especially high profits; even non-profits who try to get into the business have found themselves charging interest rates they previously regarded as usurious. Poor people are, in fact, poor lending risks; the high interest rate compensates for the high default rate.
I find it odd that if you offer loans with high interest rates to Bangladeshis, you win the Nobel peace prize. If you do the same for... name your far more local constituency... you get vilified.
Economic growth means that some women have higher human capital than others and thus they are better suited at producing and rearing high quality children. Wealthy men with lots of human capital will start to bid for these women and they will have to offer them exclusive status; these men also wish to invest in a smaller number of higher quality children.
In other words, male inequality encourages polygamy while female inequality discourages it. Apparently female inequality has been winning that race.
The hypothesis also helps explain why polygamy unravels so decisively at some point. Since monogamy itself encourages children (including daughters) with higher human capital, initial tendencies toward monogamy are self-reinforcing.