Rjs sends this note on what readers are using to replace Google Reader: These are the ones I have: http://www.netvibes.com/ http://cloud.feedly.com/ http://theoldreader.com/ http://www.newsblur.com/ http://reader.aol.com/ http://digg.com/reader Tyler Cohen had a post on that recently, linking to 9 recommendations: Life after Google Reader
As found on our Open Thread of June 28, 2013, jurisdebtor decided to leave a gem behind. Juris debtor can be found on his Blog J.URIS D.EBTOR, My Own Meanderings Through Economics, Law, and Policy Having been in the courts for the last decade, I find this to be a good interpretation of what one […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Obamacare Meets Immigration Reform With the passage of the Senate version of immigration reform we have some details to ponder. Illegals who become “provisional” for up to 13 years will not qualify for some Obamacare credits and subsidies. Workers who receive “unaffordable” insurance coverage from employers will […]
Lifted from comments by reader Juan comes this article from the Finacial Times: Subprime securities – still being downgraded Some two weeks ago Moody’s announced it was downgrading 28 tranches of various bonds (as well as upgrading two tranches, and confirming others) in an action that covered roughly $1.2bn worth of mortgage-backed securities (MBS). … […]
Congress is in recess, actual recess with no pro forma sessions. Barack Obama can recess appoint people. Tomorrow Ed DeMarco could cease to be acting director of the FHFA (Federal Housing Finance Agency). I think that Obama should, indeed must, recess appoint Mel Watt to be FHFA director. As acting director DeMarco has blocked all […]
In his Defending the One Percent paper, Greg Mankiw is rather grudgingly acknowledging rent-seeking (and -getting) in the financial industry, and the allocation of top talent to that industry. He sez: The last thing we need is for the next Steve Jobs to forgo Silicon Valley in order to join the high-frequency traders on Wall Street. […]
As I discussed last week, U.S. median wealth per adult is lower than many other countries. To be exact, it comes in at #27 for 2012, at $38,786 per adult. This is more than 1/4 lower than had been reported by Credit Suisse’s Global Wealth Databook for 2011. I contacted one of the authors, Professor […]
Via Mark Thoma Economist’s View comes this note on credit rating company incentives: While the US Department of Justice did not give any statistical evidence in its deposition, our new research (Efing and Hau 2013) suggests that rating favors were indeed systematic and pervasive in the industry. In a sample of more than 6,500 structured […]
by Tom aka Rusty Rustbelt Health Care Thoughts: California Assembly Bill 880 (pending) It was a no brainer to predict Obamacare would have a major impact on restaurant and retail employers, especially in the throes of a weak economy. The composition of the work forces and often slim margins guarantee problems. Darden Corp. (Red Lobster […]