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Whole Foods Is Sorry It Systematically Lied About Some of Its Prices

Whole Foods, you might recall, is in the middle of a drastic rebranding. It’s working to transition from “whole paycheck” to “values matter,” and just last month announced a new line of stores designed specifically for millennials. So...Show More Summary

Here Are 3 Reasons Why Chris Christie Earns Biggest Fattest Liar Politician Title

On June 30, a journalist who's covered Chris Christie for 14 years -- published a scathing op-ed that flat out declared "Chris Christie lies." This also happened to be the same day that the New Jersey governor announced his bid for presidency. Here...Show More Summary

Selfies: The next big thing for credit card security?

MasterCard is testing a new technology that verifies a cardholder's ID during online purchases by taking a smartphone photo

Manufacturing Jobs Hit Record Low But Here’s What Was Even Worse

June’s 4,000 monthly net employment increase for manufacturing wasn’t enough to prevent the sector from entering its worst seven-month job-creation … Continue reading ?

Obama touts overtime pay proposal, calls GOP "mean"

President Obama was in Wisconsin to promote a proposal to make millions more workers eligible for overtime pay

Hotels: On Pace for Record Occupancy in 2015, RevPAR up almost 50% from 2009

From HotelNewsNow.com: STR: US hotel results for week ending 27 JuneThe U.S. hotel industry recorded positive results in the three key performance measurements during the week of 21-27 June 2015, according to data from STR, Inc.In year-over-year measurements, the industry’s occupancy increased 1.1 percent to 76.9 percent. Show More Summary

Greg Mankiw Makes a Case (Kind Of) For a Competitor's Textbook

(July 2, 2015 06:54 PM, by David Henderson) HINT: The textbook is The Economic Way of Thinking by Heyne, Boettke, and Prychitko. In an excellent post today, Greg Mankiw writes about an unnamed competitor's textbook: I happened to be flipping through another introductory economics textbook. (Yes, some people... (0 COMMENTS)

ON PATRIOTISMA few words about patriotism – something we...

ON PATRIOTISM A few words about patriotism – something we talk a lot about, especially around July 4th, but seldom stop to examine its real meaning.  True patriotism isn’t simply about waving the American flag. And it’s not mostly about securing our borders from outsiders. Show More Summary

Companies That Exploit Unpaid Interns Just Won a Huge Victory at Court

For a while, it seemed that unpaid internships were about to become relics of history. In 2013, a federal trial court judge in New York ruled that Fox Searchlight should have paid interns who worked on the production of its Oscar-winning...Show More Summary

A Common Error in Pedagogy

I happened to be flipping through another introductory economics textbook. (Yes, some people have the temerity to try to compete with my favorite textbook.) I noticed an error that is, unfortunately, all too common in how introductory economics is taught. Show More Summary

U.S. stocks lower after mixed US jobs report, Greek fears

A report from the IMF said Greece needs $56 billion in new financing from October through 2018, and more debt relief

Middle class? You can only dream of this pay hike

Here's the startling income figure for America's middle class if it had kept pace with the highest earners

Union drive gains momentum in online media

Salon.com staff have voted to join the Writers Guild of America, the second digital media outlet to organize in recent weeks

Noted for Your Afternoon Procrastination for July 2, 2015

Must- and Should-Reads: Ryan Cooper: ["Being in power while unemployment skyrockets towards 30 percent is not so great for one's political prospects. PASOK did not just lose, it has been essentially destroyed--falling from 38 percent...Show More Summary

5 Things to Watch on the Economic Calendar

If the past week brought a flood of data—including a mixed report on June labor markets—this one's as dry as a California reservoir. As Greece remains the focus for investors, here's what to look for on the U.S. economy.

The new jobs report (plus computer bleg)

Today’s job report was more interesting than the headline number suggested. There were 223,000 new jobs, and unemployment fell to 5.3%.  Yawn.  But beyond the headline: 1.  U-6 unemployment plunged to 10.5% 2.  Hourly wage growth slowed to 2.0% over the past 12 months Unemployment fell very rapidly for about 2 years, but has been […]

Elizabeth Warren Reams Private Accreditor Who Certified Corinthian College Up to Its End

Elizabeth Warren confronts a more-pathological-than-usual industry shill in the form of a college accreditor. He denies that there was ever a problem with Corinthian or his organization's processes.

The Fed shouldn't reason from a quantity change

(July 2, 2015 02:04 PM, by Scott Sumner) I often see Fed officials claiming that the fall in unemployment means that they need to raise interest rates. Sometimes this is based on "Phillips Curve" thinking---the (false) idea that inflation is caused by a booming economy. In fact, the... (0 COMMENTS)

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