Are migrants paid more? Evidence from Italian football

Today, U.S. Commerce Secretary John Bryson delivered remarks at 2012 Executive Council Winter Session of the National Congress of American Indians (NCAI), the oldest and largest national representative of Tribal Nations in the United States. Bryson spoke about Commerce Department initiatives to promote exports, job creation and infrastructure in Indian Country.  

Following seven games without a win, no victories in 2010 and their dismal showing at the World Cup, Daniele De Rossi admitted that Italian football is in crisis.A new-look Italy began the Cesare Prandelli era with a 1-0 defeat to Ivory Coast in London on Tuesday night as the new boss began where the previous coach -- Marcello Lippi -- had left off, with defeat.There were five debutants in Prandelli's first Italy selection including Mario Balotelli, then a teenager but who turned 20 on Thursday.

Villarreal striker Giuseppe Rossi was the only new name in defending champions Italy's 30-man provisional World Cup squad, announced on Tuesday by the Italian Football Federation (FIGC).The 23-year-old, who has scored three goals in 14 international appearances, was the only addition to the 29-man group that was summoned to a 48-hour get-together in Rome last week.Roma midfielder Daniele De Rossi missed the rendezvous in the capital due to his participation in the Italian Cup but he has returned to the squad.

In 1927 when Babe Ruth hit 60 home runs and set the single-season record that lasted until 1961, he made $70,000 playing for the New York Yankees.  That would be equivalent to a salary in today's dollars of $911,000.  In 1930 and 1931, Babe Ruth was paid $80,000 by the Yankees, which was the most he earned in a single year, equivalent to slightly more than $1 million today.  

Are firms efficient institutions for responding to uncertainty, as Coase thought? Or are they, as Marxists believe, means whereby capitalists exploit workers? A new paper by Ernst Fehr and colleagues provides experimental evidence.

As our economy continues to recover from the worst recession in memory, families in communities across America remain focused on what else can be done to spur job creation. Today was an important day for them. This afternoon, President Obama announced a task force to develop a National Travel & Tourism Strategy, which will be co-chaired by Secretary Bryson, and he signed a corresponding Executive Order that will make it easier for international visitors to travel to America. That’s important because those visitors help create jobs by spending money in our stores, eating in our restaurants and visiting U.S. tourist destinations that are famous all around the world.Following this announcement, Secretary Bryson met with and conducted a swearing-in ceremony for 32 newly appointed members of the U.S. Travel and Tourism Advisory Board, an advisory body of industry executives that provides vital input on government policies and programs affecting the travel and tourism industry.