Robert Waldmann Brad DeLong and Paul Krugman consider the increase in the number of job vacancies to be bad news — to be a sign that long term unemployment has made it hard to increase employment even if there are vacant jobs. The high vacancies are held to be a sign of a problem which […]
As Brad DeLong has noted, Tim Geithner believes it is time for “the economy has now recovered sufficiently for government to begin to make way for private business investment.” In short, he expects “the private sector” to do the heavy lifting in these joyous times of economic recovery. Cynics among us—why, yes, that might well […]
op-ed by Run “The Messenger Again Wears A Skirt (Mama Tucker on Brooksley Born)” Taking a page from his former boss and mentor Larry Summers, Geithner behind closed doors has expressed opposition to Dr. Elizabeth Warren heading up the Consumer Financial Protection Bureau as reported by The Huffington Post. For those of you who may […]
HEALTH CARE thoughts: The Taxpayer Advocate and others are unhappy National Taxpayer Advocate Nina Olson is reported to be unhappy about the major IRS role in the new health care regime. Olsen believes the IRS is already overworked (she used “overtaxed” in her annual report issued this month, a great pun) and needs more money […]
The Economist asks: Is America facing an increase in structural unemployment? and invited economists answer here.
UPDATE: Jason Linkins at one of the non-Breast-Enhanced sites of the Huffington Post did a burlesque of which I can only dream on the same piece. Via Chris Hayes’s Twitter feed (and he got it from David Sirota), the following is from “No more ‘me first’ mentality on entitlements“: While it does not happen often, […]
Data 101 US new home sales rebound in June in the Financial Times today and New Home Sales: Worst June on Record at Calculated Risk. Both headlines are “true”. Much of the same data sources and figures are used. The differences in information are not as stark as the headlines suggest after reading the articles. […]
by Mike Kimel Cross posted at the Presimetrics Blog. A Look at the Current Recession, A Signpost for the Start of Recessions & Some Thoughts on the Likelihood of a Double Dip These days there’s a lot of talk about whether the recession is going to double dip. And frankly, there’s a lotta yadda yadda, […]
Robert Waldmann Oh good, Kevin Drum and Matthew Yglesias disagree. This is bound to be interesting. Drum remembers the good old days when liberals had less respect for the standard results of simple neoclassical economic models. The specific issue is that firms are using credit scores to decide who to hire. This can trap some […]
The New York Times and The Guardian report on the posting of archival documents by Wikileaks. Reporting appears to be similar so far until they are read and sorted.