Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Sunday, January 02, 2005

East St. Louis - #1 City!

That's what Onion says that the December issue of Poverty magazine says:

East St. Louis Rated 'Number One City In America'

Poverty Magazine

EAST ST. LOUIS, IL—The December issue of Poverty magazine, featuring its annual “Top American Cities” poll, hit newsstands Monday, and for the second year in a row, East St. Louis topped the list. “East St. Louis dominated our poll yet again in 2004, topping such categories as unemployment, hubcap availability, and liquor-stores-per-capita,” Poverty editor Felicia Banks said. “The city’s educational system also rated high, boasting a student-gun ratio of 1:1.” Rounding out the top five, in descending order, were Flint, MI; Newark, NJ; Compton, CA; and Gary, IN.

I wonder why these ratios are included in any measure of poverty. And I wonder what implications Ms. Banks would draw from them....

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