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Apple to Trump: We “disagree” with transgender decision

The world’s largest company is speaking out against the White House’s reversal of an Obama-era policy

Steve Mnuchin Is Happy to Give Trump Credit for the Booming Stock Market. We’ll See How Long That Lasts.

“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

Justifying Health Insurance

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...

Cowen On Complacency

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 ?

U.S. city hails fiscal buzz from controversial soda tax

Advocates of sugary drinks levy say it helps raise government revenue, while beverage makers warn of job losses

Fed rate hike could come "fairly soon," and other MoneyWatch headlines

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.

Multiple Job Holders Represent a Still-Untapped Labor Reserve

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

Kansas City Fed: Regional Manufacturing Activity "Expanded Further" in February

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

SodaStream recalls 51,000 potentially explosive carbonating bottles

Due to a manufacturing defect, the blue-tinted one-liter bottles could burst under pressure

Report: Treasury secretary eyes "ambitious timeline" for tax reform

Mnuchin admitted that it's an ambitious timeline and it could slip to later in the year

Can Europe Be Saved from Populism?

Two economists offer recommendations on how to defend Europe from an upsurge of populism. Unfortunately, their ideas give cause for pause.

The Paul Ryan Small Savers Tax

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, economist, 1921-2017

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 […]

Weekly Initial Unemployment Claims increase to 244,000, 4-Week Average Lowest Since 1973

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 "Free Traders" Do Not Believe in Free Trade: #46,765

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

Ignoring people

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...

Reading: Dietz Vollrath (2017): Who Are You Calling Malthusian?

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...

Parents fight for higher wages for childcare workers

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

America's toughest job interview questions

Here are some of the most grueling brain-twisters employers are using to screen out unworthy job applicants

Dismal Results From Vouchers Surprise Researchers as DeVos Era Begins

The new studies come at an interesting moment, with a proponent of vouchers newly in charge of the Education Department.

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