Via Alternet: After the Akin brouhaha, Paul Ryan was asked his opinion on rape and abortion. He said that “the method of conception doesn’t change the definition of life.” Gottalaff wrote at the Political Carnival about where this easily deployed logic actually ends up: So rape is just, you know, another way to conceive. There’s […]

“$1 million per job. That’s what America’s top money man says we’ve spent on stimulus from the Fed alone,” Burnett said on her CNN show “OutFront” on Friday.…These mistakes are particularly noteworthy because Burnett is a business news veteran who also has worked at Goldman Sachs and Citigroup. She was an anchor at CNBC before […]

From Naked Capitalism: Wall Street’s War Against the Cities: Why Bondholders Can’t – and Shouldn’t – be Paid By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, a research associate at the Levy Economics Institute of Bard College, and author of “The Bubble and Beyond,” which is available on Amazon. […]

From Center of Budget and Policy Priorities using CBO numbers: Ezra Klein explains each color and quantity. Tom Blumer explains how you do not have to look at it if you don’t want to. And there you go…2012 election strategy in a nutshell.

The NELP offers a look at the trend for job creation. And there is the caveat that of the productivity gains post recession, over 90% went to those with income over $450,000. http://www.nelp.org/page/-/Job_Creation/LowWageRecovery2012.pdf?nocdn=1

I will probably publish a much longer post after I edit out some of the rudeness.  This isn’t just convention season it is also Jackson Hole Monetary Conference season.  There is quite a lot of discussion of forward guidance, that is public statements about monetary policy in the medium distant future.  Many pages of it […]