Tag Archive

Joe Average and the Economy

Published on August 22, 2014 By bmagnus

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

Published on July 9, 2014 By bmagnus

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!

Published on July 6, 2014 By bmagnus

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 […]

Another Month, Another Jobs Report

Published on June 6, 2014 By bmagnus

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 […]

A Couple Follow-Ups

Published on February 22, 2014 By bmagnus

Little Dogs in Big Trouble: Remember this post? The picture was taken in front of the Prince and Princess Puppy Boutique in Las Vegas. Well, there’s been some trouble in the Doggie Kingdom. The owner of the store and her companion are accused of trying to burn the place down with 27 dogs inside. Yeah, […]

Return to BloodShorties Lake

Published on September 4, 2013 By bmagnus

You can thank Drew for the title inspiration. It’s sometimes tough to keep thinking of Shorties titles! Beating the same drum: so here’s today’s tab dump on the freaking mess that continues to be the NSA, DEA, FBI, and Edward Snowden. And now for something completely different: a nice selection of  health, health insurance, and healthy […]

Financial Illiteracy

Published on August 16, 2013 By bmagnus

Many thanks to Cara Delany for this terrific infographic. Way back when I went to high school, I was required to take a trimester long class called Personal Finance. Among the topics were how to write a check and balance a checkbook, how to put together a family budget (this lesson might as well have […]

ShortWoman’s Super Simplified Campaign Finance Plan

Published on August 8, 2013 By bmagnus

Over the years, I’ve talked about tax simplification and campaign season streamlining. Today I share my idea — singular — for simplifying campaign finance. Since it’s clear that we are unlikely to get to a place where campaigns are publicly funded and each candidate is sharply limited on what he (usually he, sometimes she) can […]

The economy sucks so bad they have to add Seinfeld to the calculations.

Published on August 1, 2013 By bmagnus

No joke! For the first time in four years, the Commerce Department will revise its estimates of U.S. gross domestic product — the value of U.S.-made goods and services — back to 1929. The biggest of the changes affect money spent on research and development and on artistic endeavors such as writing books or filming […]

Music Monday: The Boss Has Spoken

Published on July 29, 2013 By bmagnus

Ladies and gentlemen, the unvarnished truth:   The economy is crap unless you are ridiculously wealthy. And even then, you might have the sense that something is amiss. It is no longer possible to just work a little harder and get out of this mess. Four out of five Americans “struggle with joblessness, near-poverty or reliance […]