Here’s more proof the middle class is dying.
Continue reading All The Wealth The Middle Class Accumulated After 1940 Is Gone
Monthly Archives: October 2014
Here Are 5 Takeaways From The Harper’s Anti-Clinton Story
By Sam Levine
October 19, 2014
In the November issue of Harper’s magazine, Doug Henwood argues that Hillary Clinton, if elected president, would do little to assuage liberals’ disappointment in President Barack Obama. This is how Henwood sums up the case for Hillary’s candidacy in 2016: “She has experience, she’s a woman, and it’s her turn.” But, he says, “it’s hard to find any political substance in her favor.”
Continue reading Here Are 5 Takeaways From The Harper’s Anti-Clinton Story
Rachel @Maddow: On #Ebola, it’s better to know than not to know
RACHEL MADDOW 10/15/14
On Ebola, ‘It is better to know than to not know’
Rachel Maddow provides a detailed description of the pathology of Ebola, from the nitty-gritty of its symptoms to its development in a person over time, as a means to understanding the protocols for its handling and the likelihood of its spreading.
Continue reading Rachel @Maddow: On #Ebola, it’s better to know than not to know
Jared Bernstein: Full #employment, trade deficits, and the dollar as reserve currency
By Jared Bernstein
October 7, 2014
Full employment, trade deficits, and the dollar as reserve currency. What are the connections?
I’ve been looking for an excuse to scratch out a few lines about the connections between full employment, the trade deficit, and dollar policy—connections that understandably don’t jump out at everyone—and I’ve found a particularly good one.
Short Story: The women of my grandfather’s house
My earliest memories are set in the home of my paternal grandfather. Continue reading Short Story: The women of my grandfather’s house
#GOP’er #Tillis: #Dems ‘Redistributed’ Trillions On ‘De Facto #Reparations’
Elizabeth Warren on Barack Obama: “They protected Wall Street | Salon
By Thomas Frank
Sunday, October 12, 2014
Sunday, October 12, 2014
EXCLUSIVE: Elizabeth Warren on Barack Obama: “They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. And it happened over and over and over”
“There has not been nearly enough change,” she tells Salon, taking on Obama failures, lobbyists, tuition. So 2016?
Continue reading Elizabeth Warren on Barack Obama: “They protected Wall Street | Salon
Fixing the Downward Bias in the #Unemployment Rate | Jared Bernstein
High-Stakes Musical Chairs: Fixing the Downward Bias in the Unemployment Rate
By Jared Bernstein
October 10, 2014
Ever since the JOLTS (Job Openings and Labor Turnover Survey) came into existence, labor market analysts have looked at the ratio of unemployed to job openings. In fact, the BLS publishes that very metric monthly (see chart 1 here). My old EPI colleague Jeff Wenger used to call it the “musical chairs” number, as when it goes up (high levels of job seekers per job), you can envision a bunch of folks trying to get the one seat/job when the music stops.
Continue reading Fixing the Downward Bias in the #Unemployment Rate | Jared Bernstein
Bob Herbert: Restoring an America That Has Lost Its Way | Moyers & Company
October 9, 2014Three years ago, reporter and former New York Times columnist Bob Herbert took to the road and traveled across the United States to gather research for his new book, Losing Our Way. Continue reading Bob Herbert: Restoring an America That Has Lost Its Way | Moyers & Company
Full employment and trade deficits: PK v. JB re $ | Jared Bernstein | On the Economy
By Jared Bernstein
October 8, 2014
Paul K’s agrees with me on the core aspects of my post yesterday regarding our persistent trade deficits as a barrier to full employment, but disagrees the dollars status as a reserve currency has much to do with it.