Dan here….Lifted from Robert’s Stochastic Thoughts: Robert Waldmann says: Now I understand why Representatives can’t control their crazy impulses Calling Kevin Drum A House office’s water supply has been tainted by high lead levels and may be unsafe, according to a warning blasted out to congressional offices Tuesday night. via Steve Benen (of course) So […]
by New Deal democrat How “the Ultimatum Game” explains the Populist backlash to Globalism All over the developed world there has been an erupting surge of both left-wing (Sanders, Corbyn, Syriza in Greece, Podemos in Spain) and right-wing (Trump, UKIP, France’s LePen) populism. The global elites recoil in horror. According to most tellings of mainstream […]
by Dale Coberly SOCIAL SECURITY TRUSTEES REPORT An Overview of the Overview The 2016 Trustees Report didn’t have much new to say, so the usual commentators were free to say what they have always said, which is mostly wrong. A careful reading of just the Overview (p 2 to 25 of the Report) will help […]
(Dan here) Quoted is a summary and link to New Deal democrat‘s post at XE.com on the pound sterling and Brexit impacting the US economy via Marketwatch: The pound plunged early Friday as results from the U.K.’s referendum hit, but “since then the pound has gone sideways,” notes financial blogger New Deal Democrat in a […]
by Barkley Rosser (via Econospeak) The Tale of the Dragon Slayer The background for this tale is that I have just finished attending the 9th MDEF conference on Dynamic Modeling in Economics and Finance (actually, Modelli Dynamiche Economiche e Finanza) in Urbino, Italy. Alan Kirman was in attendance and was much frustrated (as was I) with […]
From Ecowatch: On June 24, foreign oil company TransCanada filed a lawsuit against the U.S. under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding more than $15 billion from […]