November 30, 2011
Reason.tv: California vs. The Feds on medical marijuana
Is “innovation” today’s buzzword equivalent of “excellence”
Stephen Gordon thinks that the term “innovation” is well on the way to being just another way of saying “corporate handout”:
The theory of economic growth includes roles for such well-defined concepts as investment, human capital, research and development, productivity, and technical progress. I don’t know where innovation fits into this. My guess would have been that innovation is another name for R&D, but apparently there’s an ineffable distinction between innovation and R&D.
There are well-known policy instruments at the government’s disposal for increasing investment in human and physical capital and for increasing R&D activities. (Their relative effectiveness is another question.) But so far, the only proposals I’ve seen for an innovation policy consist of programs in which governments give money to deserving firms. This is problematic on a couple fronts.
Firstly, there are already many — too many — ‘economic development’ programs whose purpose is to channel public money to companies that enjoy the favour of the government. It’s hard to believe we need more of them.
Vikings place four more players on injured reserve
Cullen Loeffler was expected to be placed on the injured reserve list, after sustaining a second injury in Sunday’s game that can take up to six weeks to heal. His replacement was signed by the Vikings yesterday. The other players going to the IR list were less anticipated:
The downward spiral continues at Winter Park.
If it seemed things couldn’t get much worse for the Vikings, who are off to a 2-9 start and threatening to become the worst team in franchise history, they’ll now enter the final month with four key contributors lost for the season.
On Tuesday, a quartet of starters — receiver Michael Jenkins, long snapper Cullen Loeffler and safeties Husain Abdullah and Tyrell Johnson — were all placed on injured reserve, another major gut punch to a team that is sinking fast.
To fill the holes, the Vikings re-signed receiver Stephen Burton to the active roster and also agreed to terms with long-snapper Matt Katula and safeties Jarrad Page and Andrew Sendejo.
The loss of Jenkins registers as the most surprising news. The eight-year receiver, who had 38 catches for 466 yards and three touchdowns this season, suffered a knee injury at some point during Sunday’s 24-14 loss in Atlanta.
In other news, you can tell when your team is just playing out the string when both the fanbase and the professionals start talking about draft prospects with five games left in the regular season.
