by New Deal democrat Real aggregate wage growth: August 2016 update In my opinion the best measure of how average Americans are doing in an economic expansion isn’t jobs, and it isn’t wages per hour. Rather, it is real aggregate wage growth. This is calculated as follows: average wages per hour for nonsupervisory workers times […]
Barkley Rosser notes at Econospeak: Women New School Econ PhDs Hit The Big Time Dr. Stephanie Bell Kelton served as the top economic adviser of Bernie Sanders. She has apparently recently returned to her old position in the economics department at the University of Missouri-Kansas City. It has now been announced that Dr. Heather Boushey […]
Doug Higgins sent a note on China from Nikkei Asian Review Doug adds “The size of the layoffs—as well as their nature—may be quite significant. China has been economically stuttering—closing factories, slowing its export machine. Of course, the U.S. trade deficit continues. The Neoliberals and elites studiously ignore trade as a sign of anything important. […]
St. Francis (Frannie) was first reported to our group – Val’s Pals GSD and Large Paw Rescue – via another rescue named Forgotten Dogs of 5th Ward (in Houston). They are a group who has volunteers go into the 5th Ward area and feed the enormous number of homeless dogs. We were alerted to her on the evening of […]
CHARLOTTE — Donald Trump on Thursday expressed regret over causing “personal pain” through ill-chosen words he has used “in the heat of debate,” an unexpected and uncharacteristic declaration of remorse for a candidate whose public persona is defined by his combative and bombastic style. Speaking during his first campaign rally since rebooting his campaign, the […]
Tucked into the fiscal relief package for Puerto Rico this spring was a provision to give away a national treasure that belongs to all Americans — 3,100 acres of the Vieques National Wildlife Refuge. The proposal had nothing to do with the economic recovery of Puerto Rico. But it would have handed an important victory […]
(cross-posted from Skippy the Bush Kangaroo) Mark Thoma sends us to Benjamin M. Friedman. Given that imprimatur, one expects precise analysis. (Mark, after all, is an econometrician by trade.) So it was surprising to stop reading so early. Specifically, I gave up on this cretinous piece of garbage at: especially during the president’s first year […]
by Mike Kimel Agency, or “o Brasil do meu amor” There was a rumor that an Olympic kayaker hit a couch while practicing in the lagoon in Rio. Perhaps it happened. Perhaps it didn’t. Either way, one thing is certain. The water – in the lagoon, in Guanabara Bay, and off the famous beaches of […]