Relevant and even prescient commentary on news, politics and the economy.

Vocabulary lessons, add to spellcheck

Motley Fool offers these words and definitions from the Washington Post, which I was not able to find this morning to link. And now, some of our favorite new fake words (courtesy of The Washington Post): Cashtration: The act of buying a house, which renders the subject financially impotent for an indefinite period of time. […]

Crime

The Finanial Times has some thoughts on free trade for criminals. Here is part of a presentation at an OECD conference on intellectual property rights: The international community is losing the war against counterfeiting and piracy, a booming global industry that is increasingly under the control of organised crime, according to senior officials speaking at […]

How Modern Capitalism Really Works

This is from the Oregonian via Division of labor Big Boxes to the Rescue On Wal-Mart et al. in the recent Northwestern deluge: In cases of extreme weather and natural disasters, some of the nation’s largest retailers now behave like municipalities — sometimes better. Retailers have created specialized divisions — or hired outside firms — […]

EMPLOYMENT REPORT

Just a quick follow up on the employment report. Not only did wage growth come in weak, but the prior data was revised down.People had been looking at the downward revisions of the personal income dataand expecting to to see employment revised down. But rather than employment,it was average hourly earnings that were revised lower. […]

employment report

The employment report data continues to imply that the economy is slowly sliding into astagnation scenario. I let others argue, but I do not see how one can avoid that conclusion.

Today is for Brazil

The Houston Chronicle reports: Ask Alberto Guimaraes about his vision for Brazil’s state-run oil company Petrobras in the United States, and he has a list ready:More oil and gas production in the Gulf of Mexico, more U.S. refining capacity, a bigger role in the domestic biofuels market and possibly even Petrobras-branded gas stations.It may be […]

Hillary care and Romney care – Romney deserves credit

The Washington Post has an interesting article on the derivation of health care plans that I was not aware of. Instead of engaging in a debate on the merits of her proposal, the Republican candidates eagerly rushed to attack it as rampaging big government. It is one more example of why campaigns have left so […]

Food responsibility is individual only, like lead paints?

The New England Journal of Medicine printed an article worth reading about possible impacts of childhood obesity. I like the attitude. Here is the last part: Certainly, we have much to learn about the regulation of body weight. Low-fat diets have yielded disappointing results, and very-low-carbohydrate diets appear to be more effective only in the […]

Illegal alien or Economic refugee

Illegal means criminal, and alien feels spooky. Are spooky alien criminals invading the country? And the The American Immigration Law Foundation tells us the likely reason why not: The problem of crime in the United States is not ’caused’ or even aggravated by immigrants, regardless of their legal status. This is hardly surprising since immigrants […]

Malingering or science? Part 1

About 1.4 million troops have served in Iraq and Afghanistan. Pentagon research indicates that: Up to 28% of combat troops may have been exposed to bomb blasts and suffered at least mild traumatic brain injury. 30% of Iraq and Afghanistan casualties treated at Walter Reed Army Medical Center have been diagnosed with mild, moderate or […]