Relevant and even prescient commentary on news, politics and the economy.

Health news

I’m not sure if there are studies looking at the long term effects of such advice on one’s health especially in this economy, but I can see where in the words of Arlo Guthrie, it could create a movement.   Health Experts Recommend Standing up at Desk, Leaving Office and Never Coming Back ROCHESTER, MN—In […]

Wisconsin Senate Passes Bill Ending Public Bargaining Rights

Wisconsin Senate Passes Bill Ending Public Bargaining Rights by Yves Smith at Naked Capitalism writes on this evening’s news on Wisconsin political conflicts. Reposted. After claiming repeatedly in the media that the fight to end public worker bargaining rights was all about the budget, Governor Walker stripped the collective bargaining provisions out of the budget […]

"Where free unions and collective bargaining are forbidden, freedom is lost"

Barry Ritholz shines a light on an alternative to the current meme on public sector unions: In a Labor Day address in 1980, Ronald Reagan said: “These are the values inspiring those brave workers in Poland … They remind us that where free unions and collective bargaining are forbidden, freedom is lost.” Reagan as above, […]

Corporate Profits Soaring Thanks to Record Unemployment

by Mark Provost re-posted from Economic Populist with permission of author Corporate Profits Soaring Thanks to Record Unemployment In a January 2009 ABC interview with George Stephanopoulos, then President-elect Barack Obama said fixing the economy required shared sacrifice, “Everybody’s going to have to give. Everybody’s going to have to have some skin in the game.” […]

Public sector collective bargaining and secrete corporate political campaign contributions

Jonathan Zasloff asks at The Reality-based Community blog New Directions in GOP Political Economy Quite subtle, actually: Public-sector collective bargaining is unhealthy and distorts democracy because it enables workers to influence the government which negotiates with them; but Unlimited and secret corporate political campaign contributions are necessary to democracy because they enable corporations to influence […]

Be afraid on Labor Day

by Dan Crawford (Rdan) Business Insider offers one sort of opinion by Mike Shedlock… what I can gather from the short article are the implications that outsourcing over the globe is a consequence of unions, that we should be more like Louisiana, and there is no economic literature on labor to offer some alternative explanations. […]

Trade-Offs and Revealed Preferences, Republican Leadership edition

Even more than Digby on CalPERS, the one piece everyone should read today is Charlie Stross on International Travel. Since this is an economics blog, let’s pull a key section: Here’s the rub: security is a state of mind, not a procedure. Procedures can’t cope with attackers, because they’re inflexible. If you search passengers for […]