Relevant and even prescient commentary on news, politics and the economy.

Federal Reserve Bank of San Francisco agrees with Spencer England

There was a flurry of articles trumpeting an effect of Obamacare on the rise in part time employment. Quite a stretch for some with ‘data’. Here the FRBSF weighs in: What’s Behind the Increase in Part-Time Work?    Rob Valletta and Leila Bengali August 26, 2013 Part-time work spiked during the recent recession and has […]

“Willful blindness”

The example presented of a community and willful blindness is concrete enough to be useful for a conversation I believe, and to mean something to readers in general. There is the risk the term ‘willful blindness’ be bandied about and misused as happened in prior years with the term ‘cognitive dissonance’, a term thrown like […]

Median wages and employment to population ratio

From colleague New Deal Democrat at the Bondadd blog comes this comment and clarification regarding the reporting from this post at Angry Bear: I have left this comment elsewhere, because there is widespread misreporting and misunderstanding of this report. While the data is correct, the conclusion drawn by most of your readers probably is not. The […]

Ryan Avent and Graeber

by Robert Waldmann Ryan Avent has some fun with Graeber.  Click for the article but here is a summary. Graeber “The ruling class has figured out that a happy and productive population with free time on their hands is a mortal danger”. [skip] Avent (my bold) “Employers had to retain such workers—had to pay them […]

Less money to spend

From the Washington Post: Recession’s pain reaching deep into the economic recovery–The buying power of Americans continues to be weaker than it was when the recession ended four years ago, underscoring the lasting damage wrought by the downturn, according to a report released Wednesday. Inflation-adjusted median household income has declined 4.4 percent, to $52,098, since […]

Recycle reuse reduce?

by David Zetland from Aguanomics: Recycle reuse reduce? When it comes to consumer goods, reduce-reuse-recycle makes lots of sense. Don’t buy that bike if you’re not going to use it. If you are going to use it, then reuse a used one. Once you’re done using it, recycle it instead of dumping it into a […]

Social sharing shows us what?

New England Complex Systems Institute (NECSI) offers a brief glimpse into how people share or point to information on social networks, in this case Twitter. The subject of BBC programs caught my eye as opposed to food or pets, being rather wonky in image and therefore noticeable in relation to Angry Bear. Angry Bear has […]