Discussions
No You Assholes, Obama Did Not Do It Too
Via: bob-nelson
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Stock Market & Investments
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105 Comments
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6 years ago
Let's get this straight: Donald Trump did something unbelievably stupid when he tweeted about the jobs report last Friday morning, 69 minutes before it was public. The president gets an advance...
Oh, What a Stupid Trade War (Very Slightly Wonkish)
Via: bob-nelson
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Stock Market & Investments
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138 Comments
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6 years ago
So, the trade war is on . And what a stupid trade war it is. Steel pipes being uploaded for transport in Sassnitz, Germany. Stefan Sauer/DPA, via Associated Press My regular column...
Washington Post Headline Writer Hypes Trucker Shortage
Via: bob-nelson
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Stock Market & Investments
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2 Comments
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6 years ago
The headline of the Washington Post article should have us all worried, "America has a massive truck driver shortage. Here's why few want an $80,000 job." That sounds pretty dramatic. The...
Capital’s Share of Income Is Way Higher than You Think
Via: bob-nelson
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Stock Market & Investments
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3 Comments
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6 years ago
Almost half of households’ market income is received for just being wealthy: owning stuff. The shares of income going to “capital” and “labor” are vexed issues. How much is received for...
It's Up to Republicans to Legalize Marijuana
Via: bob-nelson
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Stock Market & Investments
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101 Comments
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6 years ago
If only Nixon could go to China, as the saying goes, then maybe only Republicans can legalize weed. Marijuana has now been legalized for medical use in many states -- only Idaho, Kansas,...
IMF Strikes Out in Projecting Unemployment as Badly As the Fed
Via: bob-nelson
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Stock Market & Investments
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3 Comments
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6 years ago
Those of us pushing the Federal Reserve Board to hold off on raising interest rates have pointed out that the members of the Fed's Open Market Committee, like other economists, have repeatedly...
The one tax graph you really need to know
Via: bob-nelson
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Stock Market & Investments
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43 Comments
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6 years ago
At the heart of the debate over "the 47 percent" is an awful abuse of tax data. This entire conversation is the result of a (largely successful) effort to redefine the debate over taxes from...
On trade, Trump either doesn’t understand the basic facts or he doesn’t care
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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6 years ago
Currencies go up, and currencies go down, but that doesn't necessarily mean that they're being manipulated. That's about as generic as statements get, but it's apparently news to President...
Stock futures plunge, with the Dow heading for a 500 point drop, after China announces new tariffs
Via: galen-marvin-ross
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Stock Market & Investments
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60 Comments
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6 years ago
U.S. stock index futures tumbled ahead of Wednesday's open, as concerns over a potential trade war between the U.S. and China intensified. Around 7:30 a.m. ET, Dow Jones industrial average...
Dollar's Decline Laid Bare in Real Rates
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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6 years ago
Dollar's Decline Laid Bare in Real Rate One thing that could reverse the greenback's drop is if the Fed's doves acknowledge the need to boost interest rates. The dollar is depreciating....
Coal’s Decline Seems Impervious to Trump’s Promises
Via: bob-nelson
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Stock Market & Investments
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7 Comments
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6 years ago
BOBTOWN, Pa. — When Nic Zmija applied for a job at the 4 West coal mine three years ago, he was tantalized by a fat raise and a secure future. Once hired, he was told that someday even his two...
Does Mnuchin Know? The Dollar Is Weak Already
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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6 years ago
Investors were bidding up the euro during Trump's first year. European and Asian stocks outperformed U.S. markets, too. In dozens of tweets, President Donald Trump has pressed his claim that...
The Fed Is Targeting the Wrong Inflation
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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6 years ago
Consumers are increasingly asking: Is this a need or a want? A discernible gap between the rate of price increases for necessities and the one for discretionary purchases is putting the Federal...
Why Americans Missed Out on Public Domain Day (Again)
Via: bob-nelson
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Stock Market & Investments
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3 Comments
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6 years ago
Aleister Crowley, Dorothy Parker, and René Magritte joined the public domain in 2018, but not in the United States While the rest of the world celebrates free access to the creative work of...
Chinese Consumers Now Rule the World. Get Used to It
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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7 years ago
It's no longer the "world's factory" as Singles' Day blows away Black Friday. It’s way past time to stop calling China the world’s factory. The country is increasingly the world’s...
What Makes the U.S. Retirement System a Bad Example
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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7 years ago
A Q&A with a leading authority on the Netherlands' retirement savings system, one of the world's best. The headline from the Dutch business newspaper Het Financieele Dagblad caught my eye...
Workers Won't Profit From Corporate Tax Windfall
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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7 years ago
Companies are preparing to buy back stock and increase dividends. In other words, to reward capital instead of labor. Even before the Republican tax bill was signed, companies were lining up...
Why the U.S. could slap import duties on a plane made in Alabama
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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7 years ago
U.S. trade officials on Monday will hear final arguments over Boeing’s claim that it has been harmed by planned imports of Canadian aircraft, in a case that underscores corporations’ efforts to...
Inside the Home of Instant Pot, the Kitchen Gadget That Spawned a Religion
Via: bob-nelson
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Stock Market & Investments
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8 Comments
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7 years ago
KANATA, Ontario — Truth be told, the headquarters of Instant Pot don’t look much like a church. But inside this sterile, gray office building on the outskirts of Ottawa, behind a door marked...
Economists Are Obsessed with “Job Creation.” How About Less Work?
Via: bob-nelson
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Stock Market & Investments
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12 Comments
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7 years ago
Pixabay Increased automation has not reduced our workload. Why not? What if it did? In 1930, the British economist John Maynard Keynes predicted that, by the end of the century, the...
Labor Productivity Is Just Terrible These Days
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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7 years ago
Jobs figures for November will be released in a couple of hours, and the consensus forecast is that they’ll be fine. While you wait, however, here’s another chart to look at: Productivity...
Baker's refusal to make gay wedding cake: SCOTUS poses tough questions
Via: lmm
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Stock Market & Investments
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209 Comments
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7 years ago
WASHINGTON (Reuters) - U.S. Supreme Court justices including pivotal jurist Anthony Kennedy on Tuesday posed tough questions to lawyers representing a conservative Christian baker in Colorado who...