Markets, Business, and the Economy

Double Down

Posted by on October 12, 2014 at 5:06 pm

The Freakin NSA The Executive Director of Google says that the NSA is going to break trust in the internet, and thereby break the very internet itself. I don’t think the government cares. The NSA will do whatever it likes, thankyouverymuch. Further, it will do what it likes in whatever country it chooses! Ed Snowden […]

A few items on job creation

Posted by on October 5, 2014 at 1:12 am

Ok, by now everybody’s heard that really good job creation and unemployment numbers were announced Friday, right? Good. There were even jobs for people without a lot of education! I don’t think we’re out of the woods yet — I’ve only been talking about job creation numbers for a decade or so — but I […]

No kidding….

Posted by on September 19, 2014 at 1:35 pm

Only 8% of Americans think the economy is “recovering strongly.” Most think it’s recovering, but not very strongly. Gee, I wonder why! Despite the fact that poverty seems to be dropping and more people have health insurance, it’s tough out in the real world — that’s the place where people understand that there’s just no […]

Well, isn’t this interesting

Posted by on September 5, 2014 at 9:49 pm

In California, one out of every ten workers is here illegally. Most of them have lived here for years and live with an American citizen. Yesterday’s protests seeking an actual living wage for fast food workers resulted in arrests — and remember, if you eat lunch at these places you need to be served by […]

Joe Average and the Economy

Posted by on August 22, 2014 at 6:46 am

The bad news is that hourly wages have declined. Look at the first chart, and you’ll notice that’s even true for the top quintile! In other words, ThinkProgress is soft-selling the fact that most of us — on average — are making less per hour in favor of pointing out that those at the very bottom […]

Federal Judge Rules that Banks Must Follow the Law

Posted by on July 9, 2014 at 6:18 pm

More specifically, a Federal judge has ruled that MERS tried to circumvent state law, costing counties millions of dollars in lost recording fees, compromising public records, and confusing consumers. Needless to say, executives form MERS disagree with the judge’s interpretation of state law. This ruling could cost MERS millions of dollars — billions if other jurisdictions […]

Oh, make up your mind already!

Posted by on July 6, 2014 at 3:40 pm

Oh no! The Millennials can’t afford to buy houses! Oh yeah! The Millennials will soon be buying houses! Oh wait! It turns out that when we say the Millennials are living at home with their parents, we meant they were living in dorms! Oh heck! The unemployment rate among Millennials is 40% — and that’s people […]

Yay?

Posted by on July 3, 2014 at 9:57 am

So, another jobs report came out today. Now, remember that economists believe it takes 150-200k new jobs gained each month to keep up with new people entering the workforce. Obviously that’s an average, and also obviously June is one of those months that a disproportionate number of people get out of school and start looking […]

Another Month, Another Jobs Report

Posted by on June 6, 2014 at 8:09 pm

Good news everyone! Employment is at an all time high. There’s 217,000 more jobs than last month, and we finally have more people working than at the start of the Great Recession. Ok, now for why that isn’t really very good news at all. Good jobs went away only to be replaced by crappy ones […]

I bet I know how some jobs could be created….

Posted by on March 8, 2014 at 9:02 pm

More than half the nation’s public schools need to be repaired, renovated or modernized, a survey released Thursday found. Getting these schools in good condition would cost about $197 billion…. Since to the best of my knowledge there’s no Renovation Fairy who can complete a project by waving a magic hammer, that work would have […]