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You can’t have it both ways

In two recent Econlog posts (here and here), I pointed out that a wise man or women should always have two levels of belief.  One is their own view of things, independently derived from their own research.  This is the view from within your skin.  The second level of belief is the awareness of the […]

Americans, on Average, Gain Big from Trade with China

(May 27, 2016 07:11 PM, by David Henderson) The rise in exports from China has been one of the most significant events in international trade in recent decades. This trend has accelerated since that country's entry into the World Trade Organization (WTO) in 2001. Even before that date,... (0 COMMENTS)

Fannie Mae and Freddie Mac: Mortgage Serious Delinquency rates declined in April

Freddie Mac reported that the Single-Family serious delinquency rate decreased in April to 1.15% from 1.20% in March. Freddie's rate is down from 1.66% in April 2015. This is the lowest rate since August 2008.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. Show More Summary

Helicopter Money!: No Longer So Live at Project Syndicate

For economies at the the zero lower bound on safe nominal short-term interest rates, in the presence of a Keynesian fiscal multiplier of magnitude ?--now thought, for large industrial economies or for coordinated expansions to be roughly...Show More Summary

Good news for motorists as millions prepare to hit the road

As the summer driving season kicks off, forecasters expect gas prices to remain stable -- or fall -- despite oil rebound

Those Long TSA Lines: Take This Bag and Check It!

The NYT had an interesting column on how we can reduce the length of the security lines at airports. (Start with your shoes.) However the piece left out one obvious factor lengthening security lines: carry on baggage. Security lines would move much quicker if more people checked their luggage rather than carry it on board. Show More Summary

?Yellen: Rate hike in coming months would be "appropriate"

Fed chair says while economic growth was relatively weak at the end of last year and beginning of this year, it appears to be picking up now

Trash Hauling Is Dominated by Big Players. Can This Company Help Indie Trash Collectors Catch Up?

This post originally appeared on Inc. Jimmy Contreras has started three waste-hauling companies. His most recent is called RJ Waste Recovery, which he co-founded with his wife, Ruth. Based in Charlotte, N.C., Contreras hopes the startup...Show More Summary

Labor secretary says tentative deal reached to end Verizon strike

Thomas Perez says 39,000 workers should be back on the job next week with agreement in principle on four-year contract

2:00PM Water Cooler 5/27/2016

Today's Water Cooler: Open thread for Memorial Day weekend.

Broadway goes digital with subscription service

BroadwayHD is a recently launched streaming service that offers a stage-to-screen experience -- bringing live theater right to your home

?Stocks rise, led by drug and consumer product makers

Vanda Pharmaceuticals climbed after the FDA granted a new marketing approval for its schizophrenia drug Fanapt

?Half of Americans are living on the financial edge

Forty-six percent of adults can't pony up $400 for an emergency, and many say they're struggling

?Remember these? Pinto, Tylenol and other infamous recalls

Takata joins a list of notorious product recalls, some of which were handled better than others by the corporations involved

World's largest hedge fund receives aid from Connecticut

Commission approves a $22 million loan and grant package to help hedge fund upgrade its offices

The Onion perfectly illustrates my growing resistance to attending academic conferences

From the Onion: Following what they deemed to be a peculiar interaction with a number of possible implications, the nation’s top overthinkers gathered for an intensive three-day symposium this week to determine what that’s supposed to mean. Thousands of overthinkers from across the country, who were seen furrowing their brows...

Lawler: Sustained Regional Home Price Declines Were Not That Uncommon from the Mid-80’s to the Mid-90’s

From housing economist Tom Lawler: Sustained Regional Home Price Declines Were Not That Uncommon from the Mid-80’s to the Mid-90’sDuring any 5-year period that including any part the late 70’s there were virtually no areas that experienced a drop in home prices. Show More Summary

Economy grew faster in Q1, and other MoneyWatch headlines

First quarter economic growth was stronger than initially estimated; eight automakers recall 12 million vehicles over Takata air bags; and the Indy 500 expects 300,000 race fans for the 100th running

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