Jason Schwartz buries the lede in this genuinely alarming article in Politico “Study: Americans view media negatively, can’t agree on meaning of ‘fake news’” I attempt to excavate it. The study — the 2017 Gallup/Knight Foundation Survey on Trust, Media and Democracy, based on mailed-in responses from more than 19,000 Americans age 18 or older […]

Real wages in 2017 Now that we have the report on consumer prices for December, let’s take a look at what happened with real wages in 2017. Consumer prices increased +0.1% in December, and wages for non-managerial workers rose 0.3%,  This for that month the average worker earned 0.2% more. For the year, the nominal […]

Via Marketwatch Jamie Galbraith states his thoughts on a how the current US economy functions.  Here are a few snippets: University of Texas economist Galbraith, the son of the famous Harvard economist John Kenneth Galbraith, believes mainstream economists and the Federal Reserve are too wedded to old ideas to see what is really going on […]

Via Alternet: 4 Ways Martin Luther King Was More Radical Than You Thought The slain civil rights leader was a critic of capitalism, the Vietnam War, and championed reproductive rights. By Igor Volsky / ThinkProgress January 20, 2014, 7:32 AM GMT Every January, Martin Luther King, Jr. is universally honored as a national hero who […]

A Reminder That It Was George W. Bush Who Was Responsible For Letting North Korea Get Nuclear Weapons Tyler Cowen on Marginal Revolution has provided a link to a 2004 article from Washington Monthly by Fred Kaplan that lays out in great detail how George W. Bush, strongly backed by Cheney and Rumsfeld and against the views […]

Using crime and public safety as a political issue in an election year, New Mexico Governor Susana Martinez: “’I don’t believe that police officers should be under this constant threat of lawsuits that will often cause them to pause, if they’re following their training, there should be something that protects them.’ The bill would protect […]

Lest we forget: David Dayen’s Weekly Newsletter Politico notes today that the 90-day emergency declared actually ends in a couple weeks, and we’re in essentially the same place that we were before the declaration. Trump has not formally proposed any new resources or spending, typically the starting point for any emergency response. He promised to roll […]

JOLTS report confirms November payrolls strength I’m changing my presentation of JOLTS data somewhat compared with the last year or two.  At this point I’ve pretty much beaten the dead horses of (1) “job openings” are soft and unreliable data, and should be ignored in contrast with the hard “hires” series; and (2) the overall […]