A beautifully told story with colorful characters out of epic tradition, a tight and complex plot, and solid pacing. -- Booklist, starred review of On the Razor's Edge

Great writing, vivid scenarios, and thoughtful commentary ... the stories will linger after the last page is turned. -- Publisher's Weekly, on Captive Dreams

Tuesday, December 15, 2009

The Wonderful World of Stats, redux

Job Creation

"President Barack Obama's clean-energy initiatives will help create more than 700,000 jobs and allow the U.S. to double its renewable-power generation in three years, according to a report by Vice President Joe Biden," Bloomberg reports.

All of the job estimates used in this document correspond to jobs that last for one year. Of course, some jobs could last longer--in this case the number of distinct jobs would be reduced proportionately. For example, a project that employs one person for two years would count as creating two jobs.

-- footnote 3 on page 2 of the Biden memo

What a great way to "create" jobs! If one person employed for two years counts as two jobs, imagine how many jobs could be created by employing one person for four years! Biden alone, by dint of his election, has created four jobs! And his boss, too. And if one person is hired for a year, then fired and another person hired in his place, why that is still two jobs! This gives new meaning to words like "hope" and "change."

"Obama Administration Aims for High School Financial Literacy." -- Reuters headline

We can only hope the Administration achieves this level.

No comments:

Post a Comment

Whoa, What's This?