Why Net Neutrality? “Former FCC Chairwoman Jessica Rosenworcel had called net neutrality “a necessity for daily life.” She said Thursday that Americans still want “fast, open, and fair” internet service and called on Congress to take action. The decision does not affect state laws in California, Colorado and Washington. Neutrality refers to the idea that internet […]
Juan Cole has a recap of the 2024 global warming picture. It ain’t pretty: “The World Meteorological Organization projected total global carbon dioxide (CO2) emissions in 2024 to be 41.6 billion tons. Some 37.4 billion of that was from humans burning petroleum, fossil gas, and coal. The rest was from deforestation. 2024 was the hottest […]
– by New Deal democrat Last month I started by report on construction spending by writing “ Construction spending for October also came in generally positive. On a nominal basis, total construction spending rose 0.4% to a new record, and residential spending rose 1.5%.” Well, you can forget that, because this month was one of those […]
Earned Labor Income Is a Small and Weak Lever. Unearned Property Income, and Wealth, Rule. – by Steve Roth Originally posted at Wealth Economics (Clicking (once or twice) on any of the pictures should enlarge them.) Economists and pundits have been cheered of late by the labor-share increase during the first couple of years of […]
The Justice Department December 31 announced the Madoff Victim Fund (MVF) will begin the 10th and final distribution. Over $131.4 million to victims of the Bernard L. Madoff fraud scheme will be distributed in this segment. The funds were forfeit by the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud […]
America’s Forgotten Generation (of Prosperity) – by Paul Krugman Krugman Wonks Out How and why the postwar boom got memory-holed. So the don’t-know-much-about-history gang are at it again, asserting that the Gilded Age was an era of unique prosperity. I wasn’t planning on another post today, but this really needs addressing in a short note. […]
The problem with renewable energy like solar and wind is intermittency. When sun goes down or when the wind isn’t blowing, no generation happens. Lithium batteries are one solution. Pumped hydroelectric is another. Lithium-ion batteries store power in their electrodes. Flow batteries store power in their liquid electrolytes. “Electrolyte solutions are stored in external tanks […]
The two editors-in-chief, the emeritus editors, and all associate editors but one for the Elsevier scientific periodical Journal of Human Evolution have resigned. In a press release, the editors note, among other complaints, that Elsevier has eliminated the position of copy editor on the grounds that “the editors should not be paying attention to language, […]
It was January 1, 2000. Driving into work (I was the boss) on ice coated roads from the drizzle we had the night before. I get to work (30 minutes later) and I received a message, the systems were tested and worked. Drove back home and crashed for more sleep as we were up late […]
– by New Deal democrat Welcome to 2025! The data this year starts out with jobless claims for the last week of 2024, which of course is heavily influenced by seasonality. The news was mainly good this week, with claims declining -9,000 to 211,000, the lowest number in over half a year. The four week […]