Bill Polley noticed that stats are getting worse. The news isn’t good. The PPI is on the rise. (MSNBC) WASHINGTON – Battered by bad economic news, consumer confidence plunged while wholesale food, energy and medicine costs soared, pushing inflation up at the fastest pace in a quarter century.The Labor Department said Tuesday that wholesale inflation […]
Real income growth trends
Making comparisons over time of how real income grows is a difficult proposition with many data problems. One recent study was able to show how a current family’s income when they were in their thirties compared to the income of the same individuals parents when the parents were in their thirties. This type of intergenerational […]
Absolute poverty
Lane Kenworthy discusses poverty. Also check Peter Whiteford’s comments.
Congressional testimony from Roubini
Nouriel Roubini gave his two cents worth yesterday to Barney Frank and committee.
GCC regional currency discussions
Information Clearinghouse caught this item about ME banks and soveriegn funds (the same) de-pegging from the dollar to help curb their inflation woes. Alan Greenspan recommends doing so I believe. I think the current discussion on the US economy is much less thorough than need be.
Found at Red State – (update) Shared humor
Diebold Accidentally Leaks Results Of 2008 Election Early
How are we going to fix a money from money economy?
Just sounding the broken record: Money from money. I have posted about the share of our money coming from licensing agreements. I’ve posted Bogle’s opinion that we have $560 billion/yr loss because we focus to much on the finance end of making money. I’ve shown that there has not been enough money in the hands […]
Red State closed to comments
Red State is a closed comment website. What are they afraid of?
Another thought on the ME
Another post from the counteterrorism blog from WAPO has a different twist: What the situations in Iraq and Afghanistan have in common is that it will take a major and consistent U.S. effort throughout the next administration at least to win either war. Any American political debate that ignores or denies the fact that these […]
Counterterrorism blog
One opinion on the Protect America Act offers a viewpoint that caught my eye. On the other hand, there were lots of opinions about this in posts. While I agree with my colleagues, Dennis Lormel and Jeffrey Breinholt, that renewal of the Protect America Act should be considered by Congress as urgent and serious business, […]