Does the name Bruce Rauner ring a bell? No, me neither. It turns out he’s the Republican nominee for governor in Illinois, which under normal circumstances would mean he’s a nobody. But he’s been leading incumbent Democrat Pat Quinn in polls all summer, and could actually end up as the state’s next governor. This is […]

Is there more drought in store for California and the Southwest?  The Kelvin Wave that preceded an El Nino has dissapated and the  El Nino not not expected to develop. That’s because the largest surge of heat ever recorded moving west to east in the Pacific Ocean, often referred to as a Kelvin Wave, which was supposed […]

Attention conservation notice. This is a comment on a Five year old Cosma Shalizi post which begins “Attention conservation notice: 2300 words of technical” h/t Brad DeLong Shalizi argues that a Bayesian must have absolute confidence that he knows the probability of any event — a diffuse prior just means that the probability that variables […]

Sandwichman has a history of writing on the topic of “Lump of Labor” at Econospeak.

Taken from gated post from Vanguard Fund Adviser: Inversions Hurt Individual Investors, Too As U.S. corporations move offshore to potentially avoid billions in U.S. taxes, they are sticking their shareholders with an unexpected tax burden over which investors have no control. The Joint Commission on Taxation, a non-partisan congressional research panel, estimates that the U.S. […]

In 1998, the gov made it impossible to discharge federal student loans through bankruptcy except upon death, disability, or public service. The gov did provide certain measures to change payments then such as forbearance, economic forbearance (no interest for 3 years), and payment change. In 2005 private student loan originators lobbied to have the same […]

by Dale Coberly CRFB Analysis of the 2014 Trustees Report A reply by me a reply to me and agreement? The Committee for a Responsible Budget (CRFB) published what they called an analysis of the 2014 Trustees Report. I read it and was at first disappointed that it seemed to be the same old attack […]

At the 9:40 minute point of this video, Heiner Flassbeck says… “… But even people who are asking for more expansionary fiscal policies like Larry Summers or Paul Krugman, they are not talking about intervention in the labor market, but this is what is absolutely needed because there is the imbalance. It has nothing to […]