[T]he myth of the welfare state fostering a lazy citizenry just doesn’t hold water. A group of small nations (combined population: about 25 million) that came up with Linux, Skype, Ikea, H&M, and Lego — to say nothing of well-written television shows and mystery novels, innovative designers and brilliant architects from Alvar Aalto to Bjarke […]
Transcript: Yves Smith Interview – Harry Shearer – Listen to the podcast here. A link to Yves’ IFR e-book is here. (on the fraudclosure fiasco…)
If you use the read more in the original employment report post you can see the full report with charts. Spencer
Great presidents rise above circumstance. Not Obama, at least not yet. At a news conference Tuesday marking the 100th day of his second and final term, the president seemed unwilling or unable to overcome stubborn GOP opposition. — Ron Fournier, National Journal, yesterday (h/t Jonathan Chait, New York magazine, today) Fournier’s right, of course. About […]
Lifted from an article in the NYT. In the heat of media debates certain fundamental narratives get lost regarding the tools we use to evaluate policies. Pre-occupation with unemplayment is one of them. While familiar to readers of Angry Bear, it bears reminding ourselves that while ‘economics’ attempts to figure out how the economy works, […]
That is all. FRB: Press Release–Federal Reserve issues FOMC statement–May 1, 2013. Cross-posted at Asymptosis.
Dems hold small edge in Congressional ballot matchup: A new Quinnipiac poll finds that voters support the Dem candidate in their district over the Republican by 41-37. Sixty seven percent disapprove of the Congressional GOP, versus 60 percent who disapprove of Dems. Sixty two percent say Republicans don’t care about their needs and problems; 54 […]
by Linda Beale Baucus Will Not Run in 2014 (yay!) Max Baucus announced to his fellow Senators today that he will not seek re-election to the Senate in 2014. He has been the top Democrat on the Finance Committee since 2001. See Senate Finance Chairman Max Baucus Won’t Run Again in 2014, Bloomberg.net (Apr. 23, […]
by Mike Kimel GW is a Smart Man A few days ago, Keith Hennessey, who worked in GW Bush’s administration, wrote that the former president is a very smart man. Now, a smart person doesn’t have to be smart at everything. There are plenty of examples of very smart people doing very stupid things, particularly […]
by Linda Beale Fixing Sequestration (for the rich only) Once again, Congress has demonstrated that it notices mostly what affects rich people and can’t quite identify with ordinary Americans. And that it will not pass either spending laws or tax laws (which include a wealth of spending laws through the tax expenditure mechanism) that equitably […]