Several people sent me a video by Carey Wedler. I just played it. It's short, accurate, and one of the most powerful videos I have ever seen. Please play it and pass it on. Link if video does not play: Why I'm burning my last bridge with Obama.President Obama promised "change you can believe in". Show More Summary
On On May 6, 2008, the Vallejo City Council voted 7-0 to file for Chapter 9 bankruptcy. At the time it was the largest city in California to do so.In March of 2009 I noted Judge Rules Vallejo Can Void Union Contracts.Vallejo foolishly...Show More Summary
Noah Smith has a post that is rightly dismissive of the conservative obsession with QE’s inflationary potential. He says this view is widely held in the finance community, and labels it the Finance Macro Canon (FMC.) He attributes this belief to numerous factors, including: 2. The lingering influence of Milton Friedman and the monetarists. Friedman […]
The Ontario economy’s manufacturing sector was particularly hard hit by the 2009 recession. One measure of whether it is rebounding is to see if there is substantial new investment going into Ontario manufacturing in terms of capital expenditures on construction,...
The key reports this week are February housing starts on Tuesday, and February existing home sales on Thursday.For manufacturing, the February Industrial Production and Capacity Utilization report, and the March NY Fed (Empire State) and Philly Fed surveys, will be released this week. Show More Summary
(March 16, 2014 12:49 PM, by Bryan Caplan) March 16 is Open Borders Day, an international holiday to raise awareness of the single most important policy issue of the modern world. Open Borders Day is a time to reflect on the many immigrants - legal and illegal -... (0 COMMENTS)
Dianne Feinstein: "Over the past week, there have been numerous press articles written about the Intelligence Committee’s oversight review of the Detention and Interrogation Program of the CIA, >specifically press attention has focused...Show More Summary
The Washington Post finds politics to be very confusing. It apparently thinks that the people paid high six or even seven figure salaries to lobby for the pharmaceutical industry are humanitarians trying to advance global health. Toward...Show More Summary
This is an old one (March 3). Forgive my lack of chronological consistency while I try to clean up my inbox: North Carolina regulators said Monday that five power plants owned by Duke Energy have been cited for violating water pollution laws, three days after announcing a similar action against...
Want to add some serious value to your home without investing a lot of money? Try a rooftop garden
Out of the mouths of babes: Gov. Pat McCrory took questions at a Raleigh private school for an hour Monday and ended the session with his own: “How do you pay for it?” The remark came in reference to the recent Duke Energy coal ash spill into the Dan River....
Using data on median household income and starting teacher salaries at the state level (with no weighting for population size or anything else), I find that the income elasticity of starting salaries is 0.14. Looking at the residuals, here are the top ten underpaid teacher states and what my little...
This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for March 14, 2014. Changes and comments from surferdude808: For the week, there were five bank removals with assets of $2.1 billion from the Unofficial Problem Bank List. Show More Summary
Yves here. While I have every reason to assume the Russians mean to act on the currency front, on the surface, the remarks Wolf discusses in his post appear to be based on a misapprehension. But there may more method here than meets the eye.
U.S. consumer sentiment - a measure of how Americans view the health of the economy - has weakened, according to a preliminary Thomson Reuters/University of Michigan index. Sentiment fell to 79.9 percent in March from 81.6 percent in February. Jericka Duncan reports.
(March 15, 2014 07:01 AM, by Alberto Mingardi) George Soros has a new book, "The Tragedy of the European Union. Disintegration or Revival?" that consists of a series of interviews with Gregor Peter Schmitz, Europe Correspondent for the German magazine Der Spiegel. The book is sometimes very interesting... (0 COMMENTS)
Some readers get upset about comment moderation, so it appears to be time for some remarks and reminders.
The problem with overhauling mortgage-finance giants Fannie and Freddie boils down to this: many in Washington say they want to get rid of the companies, but they want to preserve many of the benefits that those companies enabled.
Tony Benn’s passing saddened and concentrated my mind.