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Angry Bear among top Influential Economics Blogs…Onalytical Indexes

Thank you contributors and readers, it’s true.

We are listed at 34th this time, even missing Robert Waldmann and Kenneth Thomas mentions in Paul Krugman’s  New York Times columns this month as rankings were determined in July.

Onalytical Indexes publishes their  Top 200 Influential Economics Blogs – Aug 2013
by Andreea Moldovan

It’s been several months since we published our latest ranking of influential economic blogs. Below is an updated list of the top 200 economic blogs, ordered by their Onalytica Influence index.

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We have recently added some very well-known and influential blogs such as Economix,FT Alphaville and Vox, causing most blogs to go down in ranking.

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The PPACA and Healthcare Sky is Falling Again . . .

Chicken Little

Huh? Repeal the PPACA to Help Hispanics and African-Americans ? ? ?

Crooks and Liars carries a conversation by Repub Senator Ted Cruz with Candy Crowley on CNN. Senator Ted Cruz of Texas is making it his crusade to repeal the PPACA so as not to cause harm to the most vulnerable of America who potentially are losing their jobs, the Hispanics and African-Americans and singe moms. To real the PPACA do so, he is asking the House to pass a budget which specifically funds everything the government needs with the exception of funding for the PPACA. Factcheck.org has debunked the lost job claim here: GOPS’s ‘Job-Killing’ Whopper, Again and previously.  There is no basis for Senator Cruz’s claim for lost jobs due to the PPACA.

As we’ve said before (a few times), experts project that the law will cause a small loss of low-wage jobs — and also some gains in better-paid jobs in the health care and insurance industries.

It’s also expected that more workers will decide to retire earlier, or work fewer hours, when they no longer need employer-sponsored insurance and can obtain it on their own with help from federal subsidies. But that just means fewer people willing to work — and it will free up jobs for those who want them. If anything, that could reduce the jobless rate.

Maybe Senator Cruz is implying employers will cut hours to less than 30 per week? Our own Spencer England has done a couple of posts on the topic of cutting hours to less than 30 hours. It just is not happening as the critics and naysayers are claiming.  Obamacare, The Sequester and Part Time Employment and here: Obamacare and Employment.

Is the PPACA hurting Hispanics and African Americans as Senator Cruz says? The US Department of Health Says No.  913,000 Latino have already benefited and 509,000 African-Americans to date. If anything, it appears that more of the minorities Mr. Cruz claims are being hurt are being helped by the PPACA.

Young Adults with Insurance

 

“Federal Healthcare Can Not Work” according to former Senator Jim DeMint who recently became the Heritage Pres  .  .  .

Dean Howard and Heritage Pres Jim DeMint face off on CNN as reported by Crooks and Liars. Former Repub Senator Demint: DeMint explained that Heritage Action had launched a nine-city tour to rally Americans in support of repealing Obamacare because it was an “unfair and un-American law.”

“Federal health care is not going to provide good health care to Americans,” DeMint insisted. “You can’t find a federal program that’s working effectively.”

Howard Dean Gov. of Vermont “Jim, I disagree with that,” former Vermont Gov. Howard Dean (D) replied. “I think Medicare works pretty darn well and people like it. And that’s a federal program that works very well for people.”

Demint: (Medicare) “It’s tens of trillions of dollars in debt because it’s been mismanaged, it’s going to leave huge debts onto our children, and more and more doctors won’t even see a Medicare-insured patient,” DeMint replied. “So, it is not going to work for the future.” The former South Carolina senator continued: “And as we put more people on Medicare and Medicaid, and that’s what Obamacare is going to do, is to push more people into Medicaid-style plans, fewer and fewer doctors are going to see these folks. So, we need to make sure we get health insurance that doctors will actually take.” The former South Carolina senator continued: “And as we put more people on Medicare and Medicaid, and that’s what Obamacare is going to do, is to push more people into Medicaid-style plans, fewer and fewer doctors are going to see these folks. So, we need to make sure we get health insurance that doctors will actually take.”

Howard Dean: “I’m sure it won’t surprise you to know that I disagree with that,” Dean said before he was interrupted by Bash.

CNN’s Bash: “I’m so shocked,” she snarked, promising to allow Dean to respond following a commercial break.

Howard Dean (after break): “Before we get to that, let me get a little equal time on health care,” Dean demanded. “You know, I was not a supporter of Obamacare when it passed. I am now. I think this ought to be implemented. You know, in our little medical office in Burlington, Vermont, we’ve discovered that premiums are going to be cut in half for the five people who work for my wife and her partners. So, this is going to make a big difference.”

While the PPACA is not the end all of healthcare plans, it still is a step forward in the right direction which has not been addressed since Hillarycare failed in 1993. To the question, are Doctors accepting Medicare patients? More Doctors Accepting Medicare Patients

“The number of physicians accepting new Medicare patients rose by one-third between 2007 and 2011 and is now higher than the number of physicians accepting new private insurance patients, according to a Department of Health and Human Services report obtained by USA TODAY.”

Someone is blowing smoke up  .  .  .  well, ahhh again.

 

Texas Representative Louie Gohmert’s Healthcare Hooey 

Factcheck.org reports on Repub Texas Rep Louis Gohmert who claims under the PPACA a:

“poor guy out there making $14,000″ is ‘going to pay extra income tax if he cannot afford to pay the several thousand dollars for an Obamacare policy.’”

While there are issues with people who just exceed 400% FPL getting subsidies, Rep Gohmert of Texas claim is erroneous. A person making $14,000 in income is at 122% of FPL and would be subsidy eligible. Under the PPACA, if a citizen lives in a state which expands Medicaid to 138% FPL, the person making $14,000 would be covered under it. If a citizen lives in a state “like Texas” which chooses to not expand Medicaid, the person would be exempt from the mandate or additional income tax as Gohmert claims. A rule published July 1st granted the exemption to the mandate or citizens who live in states which do not expand Medicaid.

There is a lot of controversy about expanding Medicaid to cover people making less than 138% FPL in that the gov. could attach assets in the future. States do have that option and in fact they do enforce it when the middle class uses Medicaid to pay for assisted care and nursing home care which is nothing new and did not come about with the PPACA. Those wealthier than FPL must meet a certain income and asset standard before Medicaid will kick-in.

 

Obamacare by The Numbers

Factcheck.org reports on false claims by the Republican National Committee:

“Republican National Committee claims that 8.2 million Americans can’t find full-time jobs ‘partly due to ObamaCare.’”

Since the PPACA was implemented, the numbers of part time workers has been decreasing. The numeric quoted represents the total number of part time workers seeking full time work.

Part-time workers Graph

6 million retirees will also lose their:

“prescription drug coverage”

The quoted 6 million losing their prescription drug coverage are expected to go on Medicare Part D after losing Employer covered drug prescriptions. The tally by the RNC goes on for 55 more losses by citizens under the PPACA as accounted for in their RNC report:  Obamacare by The Numbers

 

74% of Small Business will fire workers, cut hours under Obamacare.

Factcheck.org reports on how John Boehner misquoted a recent Chamber of Commerce release of a 3 page Small Business Outlook Study. Only 13% of small businesses said they would take such actions in the study.

Speaker John Boehner Tweet, July 17 CC Study: “74% of small businesses will fire workers, cut hours under #Obamacare” http://bit.ly/12GmjgF cc @dcexaminer @uschamber

Even though some companies will cut workers to less than 30 hours to avoid providing them with healthcare insurance, the companies will still have to pay in equivalents. The government calculates something it calls full time equivalent employees. It divides the number of hours that part time workers actually work in a month ]by 120 to see what it is in equivalent. In effect, for purposes of the regulation two part time employees will count as one full time employee in determining if the firm has over 50 employees and is subject to the penalty. So actually, firms will not be able to avoid the penalty by just cutting the hours its employee work to under 30.

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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 about 2500 followers, many from institutions or people connected to economics, as well as readers. I actually know little about how people use twitter…I use rss feeds and twitter as an index mostly to filter informative posts.

CAMBRIDGE (Aug 20, 2013) — Where do people get their news, and how does information spread through social networks? Researchers at the New England Complex Systems Institute (NECSI) analyzed how BBC articles are shared through Twitter, and discovered how the BBC successfully reaches multiple audiences. Mapping social networks, especially around the dissemination of news, makes it possible to forecast — with a growing degree of accuracy — social and political movements, technology adoption, and economic behavior.

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The White House Finally Takes an Actual STAND on Something That Was Not Dictated by Tim Geithner or the National Security Brotherhood. And It’s the Ethical Position in the Controversy, to Boot!

 

This isn’t trivial. One of the sweetest dogs I’ve ever met was a waggly-tailed white pit bull that a neighbor of a friend of mine found roaming the street. As soon as the sweetie saw you approaching, she’d wag her tail excitedly and then lie down on her back to invite you to rub her belly.

These dog-breed-ban statutes are abominable.  Now, a Tim-Geithner -White-House-ban statute would be another thing entirely. Maybe when Congress returns after Labor Day?

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Les Misérables

Via Alternet comes this quote from Victor Hugo in Les Miserables:

Victor Hugo described this war with the poor in Les Misérables as one between the “egoists” and the “outcasts.” The egoists, Hugo wrote, had “the bemusement of prosperity, which blunts the sense, the fear of suffering which is some cases goes so far as to hate all sufferers, and unshakable complacency, the ego so inflated that is stifles the soul.” The outcasts, whose persecution and deprivation was ignored until it morphed into violence, had “greed and envy, resentment at the happiness of others, the turmoil of the human element in search of personal fulfillment, hearts filled with fog, misery, needs, and fatalism, and simple, impure ignorance.”

 

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“Chicago issues RFP for more charter schools”

As my Chicago friend Mike (doodahman) points out in Facebook, the City has just issued RFPs for additional Charter Schools. This comes after Chicago Public Schools closed 50 schools throughout the city causing students to travel farther and over crowding other schools. The Chicago Teachers Union sees it as a union busting tactic and predicted it as such as Charter School teachers can not be represented by the union (CTU).

“Without fanfare, the district posted an official ‘request for proposals’ to its website Monday that invites charter schools to apply to open shop in what the school district has identified as priority neighborhoods—large swaths of the Southwest and Northwest sides.

Those heavily Latino areas have struggled with overcrowded schools.

The district wants what it’s calling ‘next generation’ charter schools, which could combine online and traditional teaching. It also wants proposals for arts integration charter schools and dual language charters.

Chicago is coming off a painful process to close 50 schools it said were underutilized; the district last December determined that half its schools are underenrolled. District spokeswoman Becky Carroll said Tuesday in an email that “while there were significant population declines in some parts of the city, there were also increases in other parts of the city…. There are many schools that are overcrowded or are facing overcrowding and we need to address that issue as we do any other.”

The Chicago Teachers Union and others have argued for years that school closures are about making way for charters and weakening the union.

‘We are not surprised at all by this,” said union president Karen Lewis . “We were called conspiracy theorists, and then here is the absolute proof of what the intentions are…. The district has clearly made a decision that they want to push privatization of our public schools.’

The district has been slowly shifting students to charter schools, which are publicly funded but privately run. Around 13 percent of district students—and more than 20 percent of the district’s high school students— are educated in charter schools. Teachers at charters cannot be represented by the Chicago Teachers Union.”

As one reader pointed out in the above article, the Chicago Commercial Club (ComCC) is behind much of the change going on in the Chicago Public School system. The ComCC membership consists of many of the well to do with in the City

“The blatant self-serving intrusion of the ComCC in the city’s education system is highlighted by the fact that its Civic Committee issued a report titled ‘Left Behind’ whose recommendations became the basis for CPS’s draconian Renaissance 2010. The Renaissance 2020 plan called for the closing of 60 to 70 neighborhood schools and for the introduction of up to 70 charter schools. According to DePaul University professor Pauline Lipman ‘Renaissance 2010 opens up the third largest school system in the USA to a market model of school choice, privatization, and elimination of school employee unions and elected local school councils.

The ComCC membership consists of many of the well to do from the City who exercise their influence and power regardless of who is in office. The implications of which cause one to wonder what it means for the city and schools with all of this corporate power and influence used to shape both. The bottom line is still to enhance their profits at the expense of the people they claim to be attracting.

Rahm I. Emanuel, Mayor, City of Chicago; William M. Daley, Chief of Staff, The White House; Lester Crown, Chairman, Henry Crown and Company [family wealth = $4.8 billion]; Kenneth C. Griffin, Founder and Chief Executive Officer, Citadel, LLC [wealth =$3.7 billion]; Tony W. Hunter, Chief Executive Officer, Tribune Publishing Company Valerie B. Jarrett, Senior Advisor to the President, White House; Paul V. La Schiazza, President – Illinois, AT&T Illinois; Timothy P. Maloney, Illinois President, Bank of America; J. B. Pritzker, Managing Partner, The Pritzker Group [wealth = $1.6 billion]; Penny Pritzker, President and Chief Executive Officer, Pritzker Realty Group, LP [wealth = $1.7 billion]; Thomas J. Pritzker, Chairman, Hyatt Hotels Corporation [wealth = $1.8 billion]; J. Christopher Reyes, Chairman, Reyes Holdings, LLC [wealth = $2 billion]; Michael D. Scimo, Managing Director, Chicago Office, Accenture; William Wrigley, Jr., Chief Executive Officer, Wrigley Management, Inc. [wealth = $2.2 billion], etc.

References:

Just months after closing 50 schools, Chicago issues RFP

The Biggest Shark in the Reinvention Pond: The Commercial Club of Chicago

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The Tea Party’s Disruptive Anti-Government (and anti-tax) Politics

by Linda Beale

The Tea Party’s Disruptive Anti-Government (and anti-tax) Politics

The New York Times ran an interesting piece by Kim Messick on the Tea Party’s psyche yesterday: Messick, The Tea Party’s Paranoid Aesthetic, New York Times (Aug. 10, 2013).  It’s worth trying to understand this political group’s understanding of itself, since it ” is a political movement … that tries to shape the decisions of political actors — voters,legislators, pundits — into maximum coherence with its own agenda.”  Id.  Its agenda is much influenced by the corporate funding that supports it but there is clearly something that holds the group together.  Messick says that they so identify their own ideas and values with the country that they see any divergence from those values and ideas as literally “unAmerican” and any evidence that the country supports things they do not support as evidence of a vast conspiracy causing the undoing of the true America.

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