The world’s largest company is speaking out against the White House’s reversal of an Obama-era policy
“This is a mark-to-market business, and you see what the market thinks.” That was Treasury Secretary Steve Mnuchin telling CNBC Thursday morning that, yes, of course President Trump deserves credit for the 10 percent stock market rally since Election Day. Show More Summary
Jonathan Baron at RegBlog: Justifying Health Insurance: Recent discussions about revising or replacing the Affordable Care Act (ACA) raise philosophical questions about the rationale for having a health insurance system. Among these philosophical questions are the extent to which such...
A week ago I summarized and critiqued five books where Peter Turchin tries to document and explain two key historical cycles: a several century cycle of empires rising and falling, and a fifty year alternating-generations cycle of instability when empires … Continue reading ?
Advocates of sugary drinks levy say it helps raise government revenue, while beverage makers warn of job losses
U.S. interest rates may rise faster than expected; Americans buying homes at a record pace; and IRS pares back individual tax audits. These headlines and more from CBS MoneyWatch.
The Office of Management and Budget is due to release tax and spending plans for the 2018 fiscal year soon. As reported recently by the Wall Street Journal, the plans are expected to be based on relatively optimistic growth forecasts of 3 to 3.5 percent per year, well above consensus estimates. Show More Summary
From the Kansas City Fed: Tenth District Manufacturing Activity Expanded FurtherThe Federal Reserve Bank of Kansas City released the February Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the...Show More Summary
Due to a manufacturing defect, the blue-tinted one-liter bottles could burst under pressure
Mnuchin admitted that it's an ambitious timeline and it could slip to later in the year
Two economists offer recommendations on how to defend Europe from an upsurge of populism. Unfortunately, their ideas give cause for pause.
As everyone knows, the fundamental principle of the Republican party is to redistribute as much income as possible from the rest of us to the rich. In keeping with this principle, Paul Ryan and the Republicans in Congress are pushing through a proposal to make workers pay larger fees on their retirement accounts. Show More Summary
Kenneth Arrow, who has died aged 95 at his home in Palo Alto, California, on Tuesday was a towering figure in 20th century economics. In 1972, at the age of 51, he won one of the first Nobel memorial prizes in economics, the youngest winner then or since. Yet even a Nobel Prize understates Arrow’s […]
The DOL reported:In the week ending February 18, the advance figure for seasonally adjusted initial claims was 244,000, an increase of 6,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 239,000 to 238,000. Show More Summary
The concept of "free trade" has acquired near religious status among policy types. All serious people are supposed to swear their allegiance to it and deride anyone who questions its universal benefits. Unfortunately, almost none of the people who pronounce themselves devotees of free trade actually do consistently advocate free trade policies. Show More Summary
Are economists - even when they are right - guilty of ignoring people’s real experiences? I ask because of the row over business rates. Some businesses face a big increase in these. To this, it’s tempting for economists to point...
Dietz Vollrath (2017): _[Who Are You Calling Malthusian?]_ <>: "My concept of a Malthusian economy involves.... >...First, living standards are negatively related to the size of population... fixed factor[s] of production... agricultural land, but you could just say resources.... Second... population growth is positively related to living standards.... At this...
When a group of New York parents discovered the people providing care at Bright Horizons hadn’t seen much of a raise, they decided to ask for one
Here are some of the most grueling brain-twisters employers are using to screen out unworthy job applicants
The new studies come at an interesting moment, with a proponent of vouchers newly in charge of the Education Department.