Doug Short has an insightful article out today… The Civilian Labor Force, Unemployment Claims and Recession Risk. I want to highlight one graph from that article, where he plots the % ratio of initial unemployment claims to the civilian labor force. He explains the graph…
by Joseph Joyce Affairs, Domestic and Foreign Raghuram Rajan, ex- faculty member of the Booth School of Business at the University of Chicago, ex-head of the research department of the IMF research head, and currently Governor of the Reserve Bank of India (its central bank), set off a storm of comment when he warned of […]
As I said on Facebook, it appears that Tim Armstrong—who got paid $12 million last year alone as CEO of the dead-on-its-feet AOL—is even more of an asshole than anyone previously believed. The pull quote: Until the morning I woke up in labor, every exam indicated that our daughter was perfectly healthy. In fact, had […]
Getting real about Apple’s $100 billion stock buyback. Updated* So I was hearing some where that Apple has a lot of money just burning a hole in it’s pocket. Seems there’s an arson named Carl Icahn trying to really ignite it by using twitter. Apple has implemented a plan to spend $100 billion of it’s […]
Let’s compare 2012 to 2013. From 4th quarter 2011 to 4thQ-2012, real GDP rose $294 billion. During that time, capital income fell $225 billion, while labor income grew $519 billion. From 4thQ-2012 to 4thQ-2013, real GDP rose $432 billion. During that time, capital income grew $444 billion while labor income fell $12 billion. Granted there […]
The stock market is rising again on some positive earnings being reported. One reason for the nice earnings could be found in another number… the labor share index. The number for the labor share index, 4th quarter 2013, came out today. It dropped to 95.5… its lowest level since the 1940’s. So if we see […]
It’s worth appreciating the perverse nature of the [Republicans’] lie on display [in a new web ad against North Carolina Sen. Kay Hagan here. Because Republicans are absolutely wedded to their “Obamacare is a job killer” talking point, the CBO report’s findings are being distorted into proof that the law will inflict job losses on […]
by Robert Waldmann Dana Milbank and the “Fact Free Zone” I expected to enjoy Dana Milbank’s article entitled “From Obamacare to the IRS scandal, Republicans are ignoring the facts” But Milbank decided that he should Ballance his observation that Republicans are indifferent to facts with the following paragraph. Rubio’s fact-free approach to Obamacare is puzzling […]
For awhile the yelling in media was about the federal deficit and was to doom us all. Now voices are muted on the deficit. Here is why: (hat tip Spencer)
Let’s say you come across this on the interwebs: Then the person who posted it says this: I purposely did not make any argument, draw any conclusions or anything else. And the person who posted it is a prominent, high-profile right-wing economist. What conclusions do you draw about that economist? About the economic effect of […]