UPDATE: Wow. That tree limb I walked far out onto in my post below turned out to be sturdy after all. A postscript is added below. Update posted 10/9 at 10:45 p.m. ____ There is no right more basic in our democracy than the right to participate in electing our political leaders. Citizens can exercise that […]
Comments are requested for this post. Please give your opinions below… Looking out 5 years from now, what average inflation rate is the market perceiving? (link to graph) The market’s perception of inflation over the next 5 years has declined to near 1.5%. Why are 5-year inflation expectations steadily dropping so much? Is it oil […]
In a move with potentially enormous implications, Good Jobs First reports that the Government Accounting Standards Board (GASB) will soon issue new draft rules for Generally Accepted Accounting Principles (GAAP) for governments. Don’t fall asleep; this could be awesome! As regular readers know, one of the things bedeviling subsidy debates is the lack of transparency […]
Brad DeLong has a post on whether a persistently ultra-low interest rates leads to financial instability. Pointing to financial instability is pointing in the wrong direction. It is better to point toward net social benefits. A persistently low Fed rate will lead to decreased net social benefits. Here is what Keynes said in chapter 22 […]
Today at 2 pm Eastern time, the minutes of the September FOMC meeting were made public. And the stock markets shot up like a rocket. The minutes basically show that the Fed is concerned about Europe and other overseas economies and the strong dollar. Why would the stock market shoot up on bad news? The […]
Update below. From a Salon interview with Catherine Ruckelshaus, general counsel and program director for the National Employment Law Project comes this case being argued today in the Supreme’s Court: Integrity Staffing Solutions, Inc. v. Busk We tend not to hear much about Supreme Court cases until there’s an imminent ruling, much less before oral arguments have […]
Unlike in Wisconsin, same-sex marriage prohibitions in South Carolina and Wyoming weren’t stricken directly, but rather as a consequence of circuit court rulings against bans in nearby states. And Republicans there are intent on dragging their heels. Rather than accepting defeat, South Carolina Governor Nikki Haley and Wyoming Governor Matt Mead both plan to enforce their state SSM bans […]
This is disgusting.
At Angry Bear and other sites a common proposal in comments is to bring increasing amounts of water from other watersheds into the area or desalination. It often stays at an abstract and macro level, or as a pitch for conservation at the urban/suburban level for low water volume devices to use at home. Surely […]
Ernst likes FEMA and wants to keep it! So does her father. This even though some blue states benefit from it sometimes, too! Go figure. She won’t even squawk about appropriations for it. Then again, she’s a turkey, not a chicken. So she might cluck. —- APPENDED: From the Comments thread here: EMichael / October 8, 2014 10:55 […]