Trump and his administration love to brag about the number of jobs created since he became president. But the only reason he gets away with claiming that a record number of jobs have been created since he took office is the poor job the press does reporting economic data. It only takes a quick glance […]
Evergreen Looks in the Mirror and Says It’s OK The “Independent” External Review Panel on The Evergreen State College Response to the Spring 2017 Campus Events (quotes not in the original) just released its report, and it says that everything campus administration has done in connection with this episode and everything it is now doing in […]
A Half Century Ago Today A half century ago today Martin Luther King, Jr. was shot dead in Memphis, Tennessee. This remains one of the saddest events in our history. This will not be a long post other than remembering this event that ended the life of this great man. I have only two observations. […]
A thought for Sunday: 2018 arctic ice cover The National Snow and Ice Data Center reports that the peak in arctic ice cover this winter was the second lowest on record, just slightly above that of one year ago. The three next lowest peaks were in the three years just prior: All of these are something like […]
The story of globalization from a US point of view continues. Here AB reader Denis Drew is highlighted at DeLong’s website: Paul Krugman on globalization Brad DeLong asks ‘what did PK miss?’ Comment of the Day: Dennis Drew: GLOBALIZATION: WHAT DID PAUL KRUGMAN MISS?: “I’m always the first to say that if today’s 10 dollars an hour […]
A thought for Sunday: a note of caution about opinion surveys with voluntary associations I read a Pew Research study a few days ago with a startling statistic: aside from self-identified Republicans, the single group most strongly approving of Trump was white evangelical Protestants (dark is approval, light is disapproval): This is mind-numbing, especially when […]
Needed to murder 17 high school students. A Congress to afraid to pass laws and oppose the NRA and its members, a minority of the population holding the majority hostage to it’s tyranny. And then there is this dirt bag, Republican Senator Rick Santorum suggesting students should learn CPR rather than becoming engaged in the […]
I pour some cold water on 2018 midterm overoptimism In the wake of Conor Lamb’s election victory in Pennsylvania last Tuesday night, some Democratic partisans are suggesting that every GOP-held seat from a district that is less than trump +20% is in play. Hold your horses. The results of last June’s special election in Georgia, […]
Back when he was a conservative (and didn’t just play one on TV) David Brooks specialized in the ecological inference fallacy. He tried to argue that the Democratic party was the elite party, because Democratic “blue” states are wealthier than red states. He wrote as if all people in blue states were upper middle class […]
Lifted from comments by PGL: The dollar has devalued since Trump became President: https://fred.stlouisfed.org/series/TWEXB Barry Eichengreen has some interesting thoughts here: https://www.project-syndicate.org/commentary/what-explains-dollar-weakness-by-barry-eichengreen-2018-03 “One of the big ones in the circles I frequent is dollar weakness. Between January 2017 and January 2018, the broad effective exchange rate of the dollar fell by 8%, wrong-footing many of […]