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Cost of Living Adjustment: 1.7%, Contribution Base for 2015: $118,500

With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2015.Currently CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA). HereShow More Summary

Liveblogging World War II: October 15, 1944: Holland: Death in a minefield on the front line

World War II Today: [15 October 1944: Holland: Death in a minefield on the front line](http://ww2today.com/15-october-1944-holland-death-in-a-minefield-on-the-front-line): >Battery Sergeant Major Ernest Powdrill describes life on the front line in Holland. Show More Summary

AIA: Architecture Billings Index increases in September, "Robust Construction Conditions Ahead"

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From AIA: Architecture Billings Index Shows Robust Conditions Ahead for Construction IndustryWith all geographic regions and buildingShow More Summary

Morning Must-Watch: Martin Wolf, Larry Summers, Mohamed El-Erian, Brad DeLong on Inequality at IIF Annual Meeting

Martin Wolf, Larry Summers, Mohamed El-Erian, Brad DeLong: [The Institute of International Finance, Inc. | Events](http://www.iif.com/events/article+1485.php)

The Ebola Vaccine: How Drugs Can Be Developed Without Patents

For those who find it difficult to understand how drugs can be developed without patent protection, the Canadian government has an answer. It paid for the development of an Ebola vaccine. While the vaccine was reportedly 100 percentShow More Summary

BLS: CPI increases 0.1% in September, Core CPI 0.1%, Cost-Of-Living Adjustment 1.7%

From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index...Show More Summary

Department of "Huh?!": Yet Another Thomas Piketty Edition

Let's quote Thomas Piketty: Thomas Piketty: Capital in the Twenty-First Century: "Let me return now to the causes of rising inequality... >...in the United States. The increase was largely the result of an unprecedented increase in wage...Show More Summary

Afternoon Must-Read: John Williams: More QE Might Be Appropriate If U.S. Economy Faltered

John Williams: [More QE Might Be Appropriate If U.S. Economy Faltered](http://www.reuters.com/article/2014/10/14/us-usa-fed-williams-idUSKCN0I31Y720141014): "If we really get a sustained, disinflationary forecast... >...I think moving back to additional asset purchases in a situation like that should be something we should seriously consider.... Show More Summary

Daily demand and supply

From the WSJ Micro Review: Natural-Gas Prices Fall Even With Chill Nearing by: Timothy Puko Oct 20, 2014 TOPICS: Supply and Demand SUMMARY: When cold weather looms across the U.S., natural-gas prices usually rise. This year they are falling, after a record production boom nearly replenished stockpiles left at their...

"Neighbor, How Stands the Union?": Live from Lafayette Square

>Amid great fanfare, the statue of Andrew Jackson was dedicated in Lafayette Park on January 8, 1853, the thirty-eighth anniversary of the battle of New Orleans. An elaborate parade preceded the dedication. A distinguished group including General Winfield Scott, Senator Stephen A. Show More Summary

Wednesday: Consumer Price Index

Here is a forecast for 2015 from the MBA: MBA Sees Originations Increasing Seven Percent in 2015The Mortgage Bankers Association announced today that it expects to see $1.19 trillion in mortgage originations during 2015, a seven percent increase from 2014. Show More Summary

As Measured by the Five-Year Inflation Breakeven...

...the U.S. economy today is further from "normalization"--understood as a 2%/year breakeven inflation rate in financial markets--than it was in June 2012, just before Bernanke began talking about "unwinding" and triggered Ms Market's...Show More Summary

Dylan Byers "I’ve Had Enough Of You Water-Drinking, Air-Breathing Urban Elitists" Edition: Hoisted from the Internet from Two Years Ago

As a follow up to Politico's embrace of BP, a correspondent reminds me of Politico from two years ago. Scott Lemieux does the garbage cleanup: >I’ve Had Enough Of You Water-Drinking, Air-Breathing Urban Elitists: [M]y favorite part of the Politico’s war on Nate Silver. Show More Summary

DataQuick: California Foreclosure Starts Lowest Since 2005

From DataQuick: Golden State Foreclosure Starts Continue to DeclineLending institutions initiated formal foreclosure proceedings last quarter on the lowest number of California homes in more than eight years, the result of a recovering...Show More Summary

Morning Must-Read: David Wessel: Lousy Economic Growth Is a Choice, Not an Inevitability

David Wessel: [Lousy Economic Growth Is a Choice, Not an Inevitability](http://www.brookings.edu/research/opinions/2014/10/13-lousy-economic-growth-choice-wessel#.VDxXam-ecxQ.twitter): "The notion that all this is inevitable and economic policy has done all that it can do... Show More Summary

Liveblogging World War II: October 23, 1944: Battle of Leyte Gulf

Wikipedia: [Battle of Leyte Gulf](http://en.wikipedia.org/wiki/Battle_of_Leyte_Gulf#The_submarine_action_in_Palawan_Passage_.2823_October.29): >As it sortied from its base in Brunei, Kurita's powerful 'Center Force' consisted of five...Show More Summary

LA area Port Traffic in September: Imports Highest since 2006, Exports Soft

Container traffic gives us an idea about the volume of goods being exported and imported - and possibly some hints about the trade report for September since LA area ports handle about 40% of the nation's container port traffic.The following...Show More Summary

Hoisted from the Archives from Four Years Ago: What is Happening with Bond Prices?

Hoisted from the Archives from Four Years Ago: [What is Happening with Bond Prices? (Brad DeLong's Grasping Reality...)][ref]: It is very hard to have a bubble in bonds because there is a date certain at which the principal is repaid. Show More Summary

BLS: Thirty-one States had Unemployment Rate Decreases in September

From the BLS: Regional and State Employment and Unemployment SummaryRegional and state unemployment rates were generally little changed in September. Thirty-one states had unemployment rate decreases from August, 8 states had increases, and 11 states and the District of Columbia had no change, the U.S. Show More Summary

Compulsory Attendance IVs Reconsidered

(October 24, 2014 12:02 AM, by Bryan Caplan) Using compulsory attendance laws to estimate the causal effect of education on outcomes has been hot in economics for over a decade. But I was always a skeptic. The idea that minimum schooling leaving laws are exogenous is bizarre, yet... (0 COMMENTS)

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