Climate change, NY State bonds, and risk
The New York Times points us to a possible first in the state government bond market. My initial reaction was to wonder about flood insurance risk assessment by state, and…
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Social Security payroll contribution not a problem
This item confirms that the Northwest Plan for Social Security would work rather well for Congress, Social Security, and beneficiaries. Beltway conventional wisdom thought otherwise. My own reaction was of…
Real wages decline; literally no one notices
Cross-posted from Middle Class Political Economist. Your read it here first: Real wages fell 0.2% in 2012, down from $295.49 (1982-84 dollars) to $294.83 per week, according to the 2013…
Tom Goldstein of SCOTUSblog tweets, during the short break after the first hour of argument in the California Prop 8 case, that …
Breaking: 1st update- #prop8 unlikely to be upheld; either struck down or #scotus won’t decide case. More in 30 mins. This is the more important of the two gay-marriage cases….
Is ‘overbanked’ going to be a common household word?
Via The Big Picture and Ritholz comes Nervousness in over banked Europe Go no further than the following two charts to understand why markets freaked out over Dijsselbloem’s comments. Europe…
Nature bats last
David Zetland writes a well written nine page look at the limits of economics in at least the media and political level, and a look at the limits of what…
Open thread March 26, 2013
Where the Story Begins
We generally start this evening with the birth of Moses (Exodus 2:2-3; “And the woman conceived , and bare a son: and when she saw him that he was a…
Due process rights
Lifted from Robert Waldmann’sStochastic Thoughts: 32. Note that the US constitution grants the same due process rights to citizens and non citizens. This time I pick on Steve Benen who…
The Great Recession captured in 1 minute of comedy
Just watch this. It is 1 minute long. Could it be anymore surreal? HOW MANY TIMES DO WE HAVE TO DO THIS? HOW MANY FREAKIN’ TIMES DO WE HAVE TO…