(January 4, 2011 09:02 AM, by Arnold Kling) Two pointers from the indispensable Mark Thoma. 1. Catherine Rampell writes, A large fraction of displaced workers who have found new jobs have had to switch careers, and most of those career-changers have downgraded to a lower-paying job, according to...
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This is something I've been worried about: Career Shift Often Means Drop in Living Standards, by Catherine Rampell, NYTimes:...A new study of American workers displaced by the recession sheds light on the sacrifices a large number h... Read Post
(April 18, 2012 07:47 AM, by Arnold Kling) So says the Treasury. Below is the chart that proclaims that lending markets were unclogged. Pointer from the indispensable Mark Thoma. A few curmudgeonly remarks: 1. The indicator is the p... Read Post
(March 25, 2009 09:27 AM, by Arnold Kling) All pointers courtesy of the indispensable Mark Thoma. First, Hernando de Soto writes, These derivatives are the root of the credit crunch. Why? Unlike all other property paper, derivatives... Read Post