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"Charging for coal’s carbon"

RFF on the issues: Last week a New York Times op-ed called for the federal government to account for carbon emissions in the price of coal: “The federal government should also take into account the economic consequences of burning coal … [and] the added costs associated with the impacts of...

ISM Manufacturing index declined to 51.5 in March

The ISM manufacturing index suggests slower expansion in March than in February. The PMI was at 51.5% in March, down from 52.9% in February. The employment index was at 50.0%, down from 51.4% in February, and the new orders index was...Show More Summary

Noted for Your Morning Procrastination for April 1, 2015

Must- and Should-Reads: Afternoon Must-Read: Arindrajit Dube and and Ben Zipperer: [Pooling Multiple Case Studies Using Synthetic Controls: An Application to Minimum Wage Policies]( Lunchtime Must-Read:...Show More Summary

What ShadowStats Gets Right and What it Gets Wrong

It is hard to think of a website so loved by its followers and so scorned by economists as John Williams' ShadowStats, a widely cited source of alternative economic data on inflation and other economic indicators. Any econ blogger who has ever written a line about inflation is familiar with ShadowStats. Show More Summary

Reis: Office Vacancy Rate declined in Q1 to 16.6%

Reis released their Q1 2015 Office Vacancy survey this morning. Reis reported that the office vacancy rate declined in Q1 to 16.6% from 16.7% in Q4 2014. This is down from 16.9% in Q1 2014, and down from the cycle peak of 17.6%.FromShow More Summary

Fed’s Lockhart Expects Economy to Pick Up in Second Quarter

Federal Reserve Bank of Atlanta president Dennis Lockhart said Wednesday he believes the U.S. economy will pick up in the second quarter, and the June to September window remains "quite feasible" for the central bank to start raising interest rates.

Disciplines As Contrarian Correlators

I’m often interested in subjects that fall between disciplines, or more accurately that intersect multiple disciplines. I’ve noticed that it tends to be harder to persuade people of claims in these areas, even when one is similarly conservative in basing … Continue reading ?

8 ways to know if you're middle class

There are no strict definitions, but these characteristics seem to bind a large part of working America. Do you fit the bill?

Graduates of Corinthian Colleges refuse to pay back student loans

The so-called “Corinthian 100” attended the for-profit Corinthian Colleges. They are now refusing to pay back their student loans totaling $3.3 million. The group met with the education and treasury departments yesterday. CBS News senior business analyst Jill Schlesinger joins “CBS This Morning” to discuss the debt strike.

ADP: Private Employment increased 189,000 in March

From ADP: Private sector employment increased by 189,000 jobs from February to March according to the March ADP National Employment Report®.... The report, which is derived from ADP’s actual payroll data, measures the change in total...Show More Summary

Open Thread

This is the place to discuss related topics that have not appeared in recent posts. And of course crazy sounding claims that are especially appreciated on this particular day of the year.

Factory data lifts European shares

Wall Street appeared poised for a weak start, however, with S&P 500 futures 0.4 percent lower and Dow futures down 0.3 percent

April Fools' Festival Final Day: A Change of Pace

Let me get more serious, and answer a question from Noah Smith about what David Graeber means with his book Debt: The rational kernel inside the bullshit goes roughly like this: Humans have evolved to be gift-exchangers--beings that maintain our societies by engaging in gift-exchange relationships with kin, close friends, and immediate neighbors. Show More Summary

Liveblogging World War I: April 1, 1915: The Birth of the Fighter Plane

Eyewitness to History: [The Birth of the Fighter Plane, 1915]( >he newly invented airplane entered World War I as an observer of enemy activity (see The Beginning of Air Warfare, 1914).Show More Summary

Grand Central: Ben Bernanke Unchained Takes on Larry Summers

The Wall Street Journal’s Daily Report on Global Central Banks for Wednesday, April 1, 2015. Jon Hilsenrath considers Ben Bernanke's argument against Larry Summer's secular stagnation hypothesis.

The socialism of the Incas

(April 1, 2015 07:01 AM, by Alberto Mingardi) Before the Mont Pelerin Society's meeting in Lima, Peru, beautifully organized by Enrique Ghersi, I took three days off and visited Cuzco and Machu Picchu. As a matter of fact, I highly recommend the trip--though I'd suggest you take more... (1 COMMENTS)

MBA: Mortgage Applications Increase, Purchase Applications Up 8% YoY

From the MBA: Mortgage Applications Increase in Latest MBA Weekly SurveyMortgage applications increased 4.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 27, 2015....The Refinance Index increased 4 percent from the previous week. Show More Summary

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