Obama Picks Michigan Professor for Fed Board WASHINGTON — President Obama said on Monday that he would nominate Kathryn M. Dominguez, a professor of economics at the University of Michigan, to a seat on the Federal Reserve’s Board of Governors. Well I got nothing. Except to note that Ann Arbor is not on ANY large […]
Pulled back from comments. (bolding mine) Marko July 20, 2015 7:01 am These days , more people may own stocks , but the vast majority own trivial amounts. Look up Edward Wolffs stuff on wealth distribution and try to estimate how much stocks would have to go up to tease out any meaningful consumption out […]
With the Koch Brothers donating to Center for American Progress and funding studies on Incarceration, one might wonder what changes might occur at CAP due to the financial support of studies by the Koch Brothers. CAP is not the only one to begin to solicit or accept funding from major corporations or interests. Brookings has […]
Here is an interesting (as always) cyber discussion between Brad DeLong and Dean Baker. DeLong asserted (as he often does) that the great recession was so severe because of finance and “clogged credit channels” Baker argued (as he often does) that the decline in house prices alone was sufficient to explain the downturn. In particular […]
It is just not ok to attack a Republican’s Military Service This Sunday, Jack Tapper on CNN “called Republicans who were outraged over attacks on Sen. John McCain’s war record to the table to explain themselves on past attacks on Democrats. Jack reminded the Republicans of their Swift Boat smear of then 2004 Democratic presidential […]
Well Huffington Post has decided to relegate direct coverage of Trump’s daily activities to its Entertainment page even as they will still cover polling etc on their Politics page. So I thought I would kind of hitch a ride on that. But as amusing as all this is to a certain type of smug DFH […]
Today Paul Krugman wrote… Link “Many economists used to think of the labor market as being pretty much like the market for anything else, with the prices of different kinds of labor — that is, wage rates — fully determined by supply and demand. So if wages for many workers have stagnated or declined, it […]
LOS ANGELES (AP) — Brad Pitt and Bill Maher say Costco contributes to animal cruelty by selling eggs from caged hens. Pitt sent a letter to the chief executive of the big-box chain Thursday asking the company to stop selling eggs produced this way. Pitt’s letter to Craig Jelinek says caged birds suffer atrophy of […]
This is just so perfect. Yet again, our comedians have to do what journalist are supposed to do. And, he does it with facts! Considering here in RIland some rich dude (who just died) paid $20 million for the Pawtucket Red Sox (the Boston’s farm team) and has proposed moving it to Providence on the […]