Matt Alldian

This article discusses the theory of lipstick being an economic indicator, suggesting women turn to affordable luxuries during recessions. via kottke.org

This 2008 article from Forbes details the construction of Mukesh Ambani's 27-story Mumbai residence, estimated at a cost of $2 billion.

Clay Shirky argues that Americans' time spent watching television far outweighs the time spent contributing to Wikipedia, suggesting a "surplus" of time that could be used for collaborative projects. via The source of this content is Marginal Revolution.

It appears access is blocked, as the content states "Доступ заблокирован" (Access Blocked) in Russian.

A Mexican drug cartel is offering incentives to recruit army soldiers, according to a USA Today article linked in a blog post on Marginal REVOLUTION. via Marginal REVOLUTION

Tyler Cowen argues that freer trade practices, particularly for rice, could alleviate food shortages, citing export restrictions imposed by countries like India and Vietnam. via Marginal Revolution.

Alan Greenspan's 1977 NYU doctoral thesis focuses on housing booms and busts, discussing soaring housing prices' effects on spending and predicting a bubble burst. via The Big Picture

Ron Paul concedes he won't win the GOP nomination, but he remains undecided about a November endorsement as his supporters seek delegate positions for the Republican National Convention.

Kottke.org has a new weekly series called "Ten things I learned this week," and the first list contains some interesting facts. The author shares a variety of facts, including that life expectancy for women in some parts of the US declined from 1983 to 1999.

An economics quiz question about Pareto efficient allocation of goods sparks a lively debate about its definition and implications in the comments. via Crooked Timber

This April 25, 2008 daily roundup of economic news from The Economist covers topics such as bond investors and the potential for a European super-bank. via The Economist

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