by Tom aka Rusty Rustbelt Health Care : Regulatory Weirdness Nursing homes (SNFs and NFs) are very highly regulated, more regulated than hospitals. Included in the regulatory regime is a minimum of one survey per year by the state, with additional state and federal surveys possible. I’ve read hundreds of the voluminous survey reports and […]
Given the other recent economic data that suggested the economy was improving and that the economy might actually be achieving self-sustained growth the November employment report was a major disappointment as the unemployment rate ticked up from 9.6% to 9.8%. Non-farm employment was little changed as it only ticked up 39,000, less than half the […]
Barry Ritholtz at The Big Picture points to Pro Publica regarding Tarp and other bailout monies: Pro Publica has been maintaining a list of bailout recipients, updating the amount lent versus what was repaid. So far, 938 Recipients have had $607,822,512,238 dollars committed to them, with $553,918,968,267 disbursed. Of that $554b disbursed, less than half […]
My hat tip to Diane at Economistmom and her essay on the scrambling in Congress around the Bush tax cuts: … In other words, let’s try to avoid doing something with the Bush tax cuts that seems totally crazy given what we say our fiscal policy goals are for both adequately supporting the (still fragile) […]
by Mike Kimel Cross posted at the Presimetrics blog. I guess when you’re a very not famous (co-)author like yours truly, people start contacting you with information about their books. I got an e-mail today from another currently very not famous author plugging his book, and I found it to be an interesting concept. The […]
by Beverly Mann Wealthy people hire people? I didn’t know that.Crossposted with the Annarborist “Unemployed people hire people? Really? I didn’t know that. The truth is the unemployed will spend as little of that money as they possibly can.”(here)—Rep. John Shadegg of Arizona and Economics Nobel Prize laureate Actually, of course, since Shadegg is right […]
LA Times (via John Chait). The projected cost of the $700-billion financial bailout fund — initially feared to be a huge hit to taxpayers — continues to drop, with the nonpartisan Congressional Budget Office estimating Monday that losses would amount to just $25 billion. That’s a sharp drop from the CBO’s last estimate, in August, […]
Not certain this link will work, but at Interfluidity, SRW replies to Karl Smith, closing with a sentiment with which I am very much in sympathy: It is not technocratic economists who will win the day and pull us out of our cul-de-sac, but angry Irishmen and Spaniards who challenge, on moral terms, the right […]