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Wednesday, March 15, 2017 0:17
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  • Chase Points Southwest Flights | Million Mile Secrets
    This means you can book a $100 flight for ~6,700 Chase Ultimate Rewards points linked to your Sapphire Reserve ($100 flight / 1.5 cents).  But that rate is inclusive of taxes and fees. Note:   You’ll have to call Chase at 866-951-6592 to book Southwest flights through the travel portal.
  • Earnings of Undocumented Immigrants – LaborEcon
    First, the age-earnings profile of undocumented workers lies far below that of legal immigrants and of native workers, and is almost perfectly flat during the prime working years. Second, the unadjusted gap in the log hourly wage between undocumented workers and natives is very large (around 40 percent), but half of this gap disappears once the calculation adjusts for differences in observable socioeconomic characteristics, particularly educational attainment. Finally, the adjusted wage of undocumented workers rose rapidly in the past decade. As a result, there was a large decline in the wage penalty associated with undocumented status.
  • Big Companies Offload Pension Plans – The American Interest
    Because many employers have come to see defined-benefit pension plans as an unnecessary source of risk and drag on investment, they are rarely on offer for new employees outside of government bureaucracies (which have clung to the blue model despite these dramatic economic changes to the great detriment of taxpayers). And now corporate behemoths are trying to shed the last vestiges of their pension plans even for current retirees—yet another manifestation of a blue model system in its death throes.
  • Don’t Just Roll Back Back Fuel Standards. End Them.
    For starters, measuring miles per gallon is a misleading way to think about fuel efficiency. What we need is the reverse: gallons per mile. That more clearly shows how much fuel a given improvement might save. Going from 3.3 gallons per 100 miles (better known as 30 mpg) to 2 gallons per 100 miles (50 mpg) presents a much tougher design challenge than getting from 6.7 gallons per 100 miles (15 mpg) to 4 gallons per 100 miles (25 mpg). Yet the more modest improvement saves more than twice as much gasoline. And that’s without considering the relative popularity of gas guzzlers or how better gas mileage can encourage people to drive more.


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