Wednesday 8 June 2011

God's interests

I just ordered a couple of ebooks online: John Updike's Golf Dreams and Frederick Kempe's Berlin 1961. After my order was complete the store told me people who had bought these two books also bought Karen Armstrong's The Case for God.

It seems that if you lived through the Cold War or if you golf, you are interested in God. Seems reasonable.

Monday 6 June 2011

Thursday 2 June 2011

Tiger, Tiger, Fading Out

When 21-year-old Tiger Woods won the Masters in 1997 by 12 strokes I broke a personal rule and headed my weekly column “Tiger, Tiger, Burning Bright” even though that hed had already been widely used. I wrote Fridays at the time, five days after that ridiculous win. My rationale was that it was better to be good than original. Kipling got the essence of the moment. 
Now the burn seems to be fading. Watching Tiger not be competitive in big golf tournaments is like watching the tide not come in. Forces of nature may not need rooters. Some people take pleasure in rooting against them. It’s a question of taste. I’m a Yankees fan in baseball and a Habs fan in hockey and though I’m a longtime Giants fan in football it was upsetting when the universe did not unfold as it should have and the Giants beat the Patriots on a great but fluky catch by a receiver who never made another catch--great, fluky or whatever. 
Tiger no longer seems a force of nature. At 35 he would be a waning force of nature in any case. The Yankees, Canadiens, Patriots and Giants have all had their fallow periods. I hope he can come back. Tiger at his peak is something to behold. If the knee can be fixed, if he can build a workaround stroke, there’s still time to catch Nicklaus in majors. (Can the knee be repaired? In Tiger Woods: How I Play Golf the 25-year old Tiger explained: “For more yards, I ‘snap’ my left leg...I’ve found that by snapping my left leg straight, my hips clear faster and speed up the movement of my shoulders, arms and legs.” It doesn’t sound like something you can do years on end.)
But I’ve been reading Dan Jenkins‘ Fairways and Greens and am beginning to think that even if Tiger does get 21 majors (we’re counting US amateur titles here), he still may not equal Nicklaus. Jenkins has a table showing firsts and seconds in major tournaments. Nicklaus won 20 but was second in another 19. At the time that book came out, his total of 39 was 20 more than--almost double--the next best, Bobby Jones. Arnold Palmer was third at 18, Ben Hogan fourth with 16. 
Tiger has passed Jones for second place, with 14 wins and six second place finishes (including ties). That leaves him 19 behind Nicklaus. Maybe second place shouldn’t count. Maybe the competition wasn’t as deep in earlier decades as it is now. Still, 39 golds and silvers. Talent contests are like approach shots, close does count.      

Who's got the Better Life: Canada or the US?


Significant differences? Canada vs the US in the OECD’s Better Life Index

Canada
US
OECD
Average household net-adjusted disposable income (US$)
27,015
37,690
22,284
Household financial wealth (US$)
59,479
98,440
36,808
Per cent of people 18-64 with a paid job
72
67
65
Per cent of work force unemployed for a year or longer
0.97
2.85
2.7
Per cent of occupied dwellings inhabited by their owners
65
67
67
Number of rooms per person in average home
2.5
2.3
1.6
Per cent of dwellings lacking private access to indoor flushing toilets
0.9
0
2.8
Average hours worked per year
1699
1768
1739
Per cent of mothers employed after their children begin school
71
73
66
Per cent of people 25-64 with equivalent of high-school diploma
87
89
60
Per cent of people 25-34 with equivalent of high-school diploma
92
88
80
Average PISA reading score out of 600
524
500
493
Life expectancy at birth
80.7
77.9
79
Per cent of people reporting their health as good
88
88
69
Health spending as per cent of GDP
10.4
16
9
Atmospheric PM10 (micrograms per cubic meter)
15
19
22
Per cent of people who know someone they could rely on in a time of need
95
92
91
Voter turnout (per cent)
60
90
72
Per cent of people who say they trust their political institutions
67
58
56
Per cent of people reporting they had been assaulted over the previous 12 months
1
2
4
Homicides per 100,000 people
1.7
5.2
2.2
Per cent of people who report feeling unsafe on the street after dark
17
19
26
Per cent of people who say they are satisfied with their life
78
70
59

These are from the OECD's new "Better Life Index." I've indicated "winning" scores in red (very bright red, sorry!). It's hard to know how smart an idea that is. For instance, is it good that more Canadians than Americans say they trust their political institutions? Maybe we're naive and they're wisely wary. (And does anybody believe voter participation in the US is really 90 per cent?) Same with life satisfaction: Are we Canadians simply less willing to share our dissatisfactions with pollsters, are we too easily satisfied or does our objectively better situation legitimately justify greater satisfaction (especially after the emigration of those of us who are dissatisfied)?

Health spending as a per cent of GDP poses similar problems. It's better to spend less for the same service but are we getting the same service as in the US?

Is home ownership necessarily preferred to renting? Here, in any case, the differences between the two countries aren't great. (It's surprising that we have more rooms per person, on average. How big do you suppose those rooms are on average?)

Finally, though Canada comes out on top in a number of measures, there's a big difference in income and financial wealth: more than $10,000 a year per person in the former and almost $40,000 in total in the latter. Money isn't everything. But it's got to count for something.

Thursday 26 May 2011

Gas taxes and climate change

Two questions about gas taxes and climate change: 1. In the diagram (from the Canadian Tax Federation), how much tax is embedded in "Refining," "Crude," and "Marketing"? And 2.: How far does this level of taxation leave us from efficient carbon taxation? What is the all-in marginal external cost of a litre of gas?

Friday 20 May 2011

Bi-polar tax rates


Average and marginal tax rates, Canada, single-parent families making
67 per cent of average labour income, 2010
Income tax plus employee and employer contributions less cash benefits (as % of labour costs)
-8.3
Increase in net income after 1% increase in gross wage earnings
0.37
Source: OECD, Taxing Wages 2009-10, Tables I.1 and I.8. 

Thursday 19 May 2011

Quebec METR

pastedGraphic.pdf 

Source: Finn Poschmann and Alexandre Laurin, "What has happened to Quebecers' marginal effective tax rates?", C. D. Howe Institute e-brief, May 18, 2011.