European Commission fiscal dictates are based on outdated economic theory, strange econometrics and arbitrary ad hoc restrictions on parameter estimates. It is not easy to discuss the technique behind that which presents itself as technocracy with a straight face. The ‘cracy part is genuinely powerful, so this matters. This will be the first of a […]
US life expectancy flat for third year Life expectancy in the United States has stalled for three straight years, the government announced Wednesday. A child born last year can expect to make it to 78 years and 9 1/2 months — the same prediction made for the previous two years. In most of the years […]
Hillary Clinton’s performance wasn’t as clean or as crisp as her last one. Among other things, she invoked 9/11 in order to dodge a question about her campaign donors. But she effectively made the case that, though Sanders speaks about important questions, his solutions are ultimately simplistic and hers are better. Instead of railing about […]
“Bernie Sanders has called for a roughly 9-percent tax hike on middle-class families just to cover his health-care plan,” said Clinton spokesman Brian Fallon, referring to legislation Sanders introduced in 2013, “and simple math dictates he’ll need to tax workers even more to pay for the rest of his at least $18-20 trillion agenda. If […]
by Barkley Rosser “Gas All Boomers” Or At Least Tax And Cut Their Benefits More Says WaPo No, nobody in today’s Washington Post Outlook section devoted to the boomers said that first line, although it has become a commonplace on such sites as Economics Job Market Rumors where anonymous and frustrated millennials very frequently and […]
The Marco Rubio debate moment that worries Democrats: When Marco Rubio cast the election as a ‘generational choice,’ he took a page out of the Obama playbook to portray himself as the candidate of future. It could work. — Title and subtitle of an article in today’s Christian Science Monitor, by Linda Feldman (via Yahoo Politics) […]
-by New Deal democrat Forecasting the 2016 election economy: in which I respond to Nate Silver As you all know, I have been writing a series about “Forecasting the 2016 election economy.” In general, good economic conditions at election time usually mean the return of the incumbent party to the White House, while a recession […]
– by New Deal democrat Forecasting the 2016 election economy, first forecast: the long leading indicators Last week I showed that, going back 160 years, roughly 3/4 of all US Presidential election results correlated positively with whether or not at the time of the election campaign, the US was in a recession […]
by New Deal democrat Forecasting the Presidential election: simply knowing whether the economy is expanding or in recession gives you the correct answer more than 2/3 of the time If you want a quick and dirty guide to whether an incumbent political party will retain control of the White House in a Presidential election, simply […]
For Profit Goes on Probation The University of Phoenix has been placed on probation by the Department of Defense preventing the university from recruiting on military bases. The probation comes after the Federal Trade Commission and the California Attorney General’s investigation into the University of Phoenix recruiting methods, its high costs, and the resulting poor […]