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Greece’s Debt – The Numbers

Key numbers from a report on Greek debt as the country faces a critical referendum.

Sacramento Bee Reports on CalPERS’ Fee Lapses

CalPERS is in even more hot water as the influential Sacramento Bee raises its eyebrows about CalPERS' lack of attentiveness about fees.

Made in the USA: 7 of the best cars made here

This ranking of American-made vehicles goes beyond the percentage of domestic parts to include assembly, profits and jobs

Too many patients, not enough doctors

A sobering new study sees a shortage of between 46,000 and 90,000 physicians by 2025 -- and good luck finding a specialist

Best of Enemies

I recently had the pleasure of seeing several films at the Nantucket Film Festival. My favorite was Best of Enemies, a documentary about the TV debates between William Buckley and Gore Vidal during the 1968 presidential nominating conventions. It is being released later this month. Here is the trailer:

Greece is solvent but illiquid: Policy implications

Greece’s debt is 180% of GDP, which seems to make it insolvent without large primary surpluses. This column argues that since restructuring lowered the interest burden to just 2% of GDP, Greece is solvent – or would be with nominal GDP growth of just 2%. Show More Summary

What Americans eat and drink for July 4th

Independence Day is a time to celebrate the nation's heritage -- and chow down

Central Banks Must Remain Focused While Rates Are Low, Says Lithuanian Central Bank Governor

Central banks must remain focused while interest rates are low and be prepared to help creditors estimate loan repayment capacity in a prudent way when rates go up again, a member of the European Central Bank's governing council sai...

Thoughts on the news from Greece

This is just to record my thoughts, so I can look back on this and see what I got right and what I got wrong. Or at least, what I changed my mind about. The Euro was a mistake. I...

McArdle on Foreign Intervention and Blowback

(July 3, 2015 12:05 AM, by David Henderson) About two weeks ago, I challenged the following brief statement by Arnold Kling: We can also find this normative analysis among libertarians. Blaming terrorism on blowback for foreign intervention. Arnold was claiming that many libertarians are finding government intervention in... (0 COMMENTS)

First-day criminal recidivism

Sadly, a large number of crimes are committed by ex-prisoners on their first day of release. This column presents evidence showing that on any given day the number of inmates released from incarceration significantly affects the number of offenses committed on that day. Show More Summary

Mental health stigma

Fear of stigmatisation might lead to hiding of behaviours and actions. This column presents evidence that stigma concerns can play a role in health seeking behaviour in the case of mental health. In particular, survey respondents under-report...Show More Summary

Firm types and jobs creation in developing countries

If more firms are established in developing countries, more jobs are created. But which type of firm creates the most jobs? This column presents evidence from Tunisian suggesting that once you’re established as a new and promising firm, it’s harder than it should be to grow and create jobs. Show More Summary

The meaning of a referendum: Austerity and sovereignty

Two financial crises at the ‘sub federal’ are currently taking place – one in the Commonwealth of Puerto Rico, and the second one in Greece. This column highlights some surprising similarities between them, as well as the main differences. Show More Summary

Supreme Court Smackdown Watch: Jeffrey Toobin: Clarence Thomas's Disgraceful Silence: Monday, July 6, 2015

Jeffrey Toobin: Clarence Thomas's Disgraceful Silence: "For better or worse, Thomas has made important contributions to the jurisprudence of the Supreme Court. >He has imported once outré conservative ideas, about such issues as gun rights under the Second Amendment and deregulation of political campaigns, into the mainstream. Show More Summary

The International Aspects of the Employment Release

The headline number for nonfarm payroll employment was decent [1], and although there are worrisome aspects, I think the key take-away is the fact that manufacturing employment is slowing much more than overall. To the extent that manufactured goods proxies for tradables, I think caution is in order with respect to monetary tightening. And yet, […]

Earlier: Weekly Initial Unemployment Claims increased to 281,000

A quick graph of unemployment claims... Note: Starting with this release, the DOL is including a table of unadjusted State-level "advance"claims.The DOL reported:In the week ending June 27, the advance figure for seasonally adjusted initial claims was 281,000, an increase of 10,000 from the previous week's unrevised level of 271,000. Show More Summary

Izabella Kaminska on Twitter: "But here's @ofnumbers and @delong watching @FD 's short seller interview h/t @philippechuzel @awabot"

Live from FT's London Camp Alphaville: Izabella Kaminska: [Izabella Kaminska on Twitter:]( "But here's @ofnumbers and @delong... >...watching @FD 's short seller interview h/t @philippechuzel @awabot

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