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

It’s Them, and Maybe You – A Tale of Two Cities

Here in suburban New Jersey, we are just now getting power back throughout town. (As of yesterday—remember, remember, the Fifth of November—we were the town in Essex County that had the least restored houses.) A lot of progress today, with teams from Texas and Florida among those called in (which presumably left the NJ teams […]

Are Refis Contractionary?

Update: David Rosnick of CEPR questions this analysis. Update to come when I have Internet access again–which probably will be Saturday at the earliest. Brad DeLong got me thinking a few days ago, and not in a good way, when he quoted the brilliantly (and brilliantly-named) Cardiff Garcia: Thus far the surging mortgage origination business […]

It’s a Good Day

The Big C finally got rid of the inept hedge fund “manager” who finished destroying their franchise. Of course, maybe this time they will replace him with Timmeh, instead of just pretending they will so he swallows more and harder.  Just in case Orszag isn’t enough. Still not buying, but I would seriously consider closing […]

The Female Troops Are Returning, Too

  The Obama Administration—driven by Senior Democrats such as Rush Holt and, one suspects, Michelle—has been very attentive to the needs of veterans. On of the big initiatives of 2011 from the Obama Administration was Joining Forces, an effort to retrain, reeducate, and re-employ America’s veterans. It lead to the Vow to Hire Heroes Act […]

The Devil’s Greatest Trick is Convincing You He Doesn’t Exist

  Felix Salmon (26 Sep 2012): [Secretary of the Treasury and former leaders of the FRB of New York Timmeh] Geithner just isn’t that Machiavellian: his biggest weakness is that he isn’t political enough, rather than that he’s some kind of master puppeteer. Brad DeLong (24 Nov 2009): Geithner is where he is because for […]

About That 47% Figure…

Back in October of 2011, I blogged a bit and Tweeted Chrystia Freeland’s interview with Jeff Immelt. (Thank you again, Felix.) What I didn’t mention, apparently,* is that one of the questions from the floor was a, er, gentleman who declared in No Uncertain Terms precisely what Willard Romney said at that sexcapade on Lon […]

Outsourcing, Education, and Thinking about the Future

I was hopeful that some of our better-known companions would be smart enough to ignore the attempt by McMegan (University of Pennsylvania, Bachelor’s in English Literature, mid-1990s) to argue, in a magazine that aspires to be People, that going to college—and most especially getting a degree in the Liberal Arts—is not cost-effective. We can forgive […]

Electoral Prediction That Won’t Come True

I can’t top last year’s post, so I’m just going to embed a (now-dead) fictional character talking about the death of another fictional-but-loosely-based character. Obama Just Forgot the “Times Square” part. The previous Administration Just Forgot.

The Economics of Debt and Equity. with Football

It’s no secret I am a bad economist:  I don’t believe rent control is a bad thing, I consider most of the job-matching models to be ludicrous when someone tries to use them to claim unemployment compensation extends people’s period of unemployment, and I really, really, really don’t believe the equity premium is anything but […]