A detailed account of the long and tortured history of budget fakery in Greece and how it is has been aggressively defended by successive Greek governments. A tidbit from the post: one section is labeled "When revising wrong statistics is treason."
Despite the current housing “buying panic,” the soaring prices, and all the hoopla round them, there is a fly in the ointment: overall homeownership is plunging.
The Dutch flower market is a monopolist under assault. A case study of an economic and political struggle.
Paul Krugman: Dentists and Skin in the Game: Wonkblog has a post inspired by the dentist who paid a lot of money to shoot Cecil the lion, asking why he — and dentists in general — make so much money....
Dean Baker: Consumption Spending and Net Exports Spur Higher-Than-Expected Second Quarter Growth: Downward GDP revisions show economy falling further behind potential output from 2011–2014. The Commerce Department reported the economy grew at a 2.3 percent annual rate in the second...
The shale boom might be increasing drop-out rates in some parts of America
Live from Bullwinkle PlazaHarry Reid: [On Twitter: "Been carrying this in my wallet a long time..."](https://twitter.com/SenatorReid/status/626771482732032000) Been carrying this in my wallet a long time. It shows you how long Republicans have been wrong about health care. pic.twitter.com/ZoiqsoVwdk— Senator Harry Reid (@SenatorReid) July 30, 2015
History.com: [Battle of Hooge](http://www.history.com/this-day-in-history/battle-of-hooge): >In Flanders, Belgium, on July 30, 1915, the Germans put their new weapon, the flammenwerfer, or flamethrower, to devastating use against the Allies at the Battle of Hooge. Show More Summary
There is increasing evidence that cities offer externalities that raise labour productivity. This column looks at the contribution of US cities to productivity growth at the turn of last century. The findings show that increased specialisation, promoted by improved transportation, was the key to productivity growth. Today’s policymakers should heed this lesson.
HIV/AIDS is an endemic economic problem for significant parts of Africa. This column presents evidence suggesting that the demographic shock induced by the slave trade still shapes the contemporary family structures and sexual behaviour of many African countries. Show More Summary
On July 1, the Spanish Government went to "Full Police State", with enactment of law forbidding dissent and unauthorized photos of law enforcement. Spain's officially a police state now. On July 1st, its much-protested "gag" law went into effect, instantly making criminals of those protesting the new law. Show More Summary
Cycle screening measures strengthened on Wednesday at a clip consistent with the gain in the market averages. The fact that there was no positive divergence in the aggregate measure before the rally started raised a sustainability question. These instances are relatively rare, and virtually always result in a retest of the low, a lower low,…
If a nation sends all its children to school, can it count on greater economic growth? Does putting bottoms in seats generate human capital? This week, Russ welcomed back the Hoover Institution's Eric Hanushek. What did you think ofShow More Summary
The GDP revisions will be especially important this year.Excerpts from a research piece by Michelle Meyer at Merrill Lynch: The moment of truth• The annual revision to GDP growth on July 30th will adjust estimates of growth over the past few years. Show More Summary
The stock got hit hard after the grocery chain reported revenues and profits that both fell short of expectations
It beat Wall Street expectations for profits and new users, but investors are selling on the news
Under the Fair Labor Standards Act (FLSA), employers are required to pay covered workers 1.5 times their regular rate of pay for each hour of work per week beyond 40 hours.
I hope you'll enjoy this interview with Mark Ames: Naked Capitalism: "We are in the business of making trouble."
Tim Duy: FOMC Recap, by Tim Duy: The July FOMC meeting yielded the widely expected outcome of no policy change. Very little change in the statement either - pulling out any useful information is about as easy as reading tea...
Glen Weyl at Marginal Revolution: What Is “Price Theory”?:... I have an unusual relationship to “price theory”. As far as I know I am the only economist under 40, with the possible exception of my students, who openly identifies...