The average age of the American farmer has been stuck at 57.5 since 2017 and hasn’t seemed to budged into 2021 despite an explosion of new farmer operators choosing to quit their pandemic day jobs and head for the fields to participate in small plot farming and local market vending. Generationally, the unfortunate circumstance with […]
by Joseph Joyce China and the Debt Crisis Sri Lanka is not the first developing economy to default on its foreign debt, and certainly won’t be the last. The Economist has identified 53 countries as most vulnerable to a combination of “heavy debt burdens, slowing global growth and tightening financial conditions.” The response of China to what will be […]
As usual, what I found in My In-Box. Things I would like to write, have barely enough time to read, and pass them on to AB readers. Nothing here on the present battle between the DoJ and a neophyte Federal judge who lacks broad based experience as a federal prosecutor and in civil trials. I […]
I told you so Not much economic news this week. I’ll post an update on COVID later, but for now, a follow-up on my Mar A Lago search warrant post last week. Last week I concluded my observations as follows: “Despite how devastating the DoJ response apparently is, it is important to remember that this […]
If I was going to guess, and I do not have to do so, it appears the US is retooling to update capabilities. Maybe they will put forth a plan to minimize inventory too. The source of all this retooling? Probably using up the money made during the pandemic and also government funds invested in […]
Lawrence Mishel and Josh Bivens at Economic Policy Institute take a look at why wages have been relatively flat compared to productivity gains in the US economy, inequality of compensation, and declining share of income between labor and capital. Broad strokes but helps with context and suggesting ideas for current government actions. Inequalities abound in the U.S. […]
On Labor Day 2022, how well is labor doing? This is Labor Day, so let’s take a look at a few metrics of how labor is doing. As an initial aside, occasionally I get asked why I write about expansions and recessions. An important reason is, pretty much by definition during recessions jobs and income […]
We need to make a long-term commitment to Ukrainian victory. Jack Watling: Given that offensive operations to liberate occupied territories are likely to run through 2023 and are dependent upon Western aid, it is important that Ukraine’s international partners stop periodic announcements about specific lists of equipment and instead articulate a longer-term commitment to structural […]
A bit of an intro for Weldon. A good writer who I knew at Slate’s, “The Best of the Fray.” In contrast to what is there at Slate now, we far surpassed its present quality. Just a quiet read on Labor Day. “Slacker Sunday,” Bad Crow Review, Weldon Burger (author) “A dog howls at daybreak,” […]