Economics

Significant Decline in Employment Based Health Benefits Resulted from the Great Recession

March 21, 2012 Economics

Employment based health benefits have been declining steadily, but significantly for a long time. But the recent “Great Recession” accelerated that decline much more than my pessimistic self anticipated. From the National Institute for Health Care Reform (a non-profit established by the International Union, UAW; Chrysler Group LLC; Ford Motor Company; and General Motors): Between […]

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Inflation Adjusted Earnings Declined in February

March 16, 2012 Earnings

From the Bureau of Labor Statistics this morning: REAL EARNINGS FEBRUARY 2012 All employees Real average hourly earnings for all employees fell 0.3 percent from January 2012 to February 2012, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. A 0.1 percent increase in the average hourly earnings was more than offset by a […]

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Bits & Pieces

March 16, 2012 Economics

Today’s Grab Bag More “Winner Take All” Economics Sports star economics comes to the law profession. Dewey & LeBoeuf, the result of a 2007 merger of Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae. Star economics was the subject of Robert Frank’s 1995 book, the Winner Take All Society. Frank’s argument was that partly because […]

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Well, it’s Not Like Local Governments are all Flush. Krugman on the Economic Effects of Municipal Retrenchment

March 5, 2012 Budget

In Today’s New York Times, Paul Krugman writes States of Depression. In discussing the sluggish economic recovery, he says: But one significant factor in our continuing economic weakness is the fact that government in America is doing exactly what both theory and history say it shouldn’t: slashing spending in the face of a depressed economy. […]

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Moneyball: Maybe it’s the Geek in Me. Maybe Because it Saved Me.

February 25, 2012 Data

Tomorrow night’s the Oscar awards ceremony and I have a favorite. We’re movie goers and usually analyze them pretty carefully. Well, even if I didn’t think it was a good movie, Moneyball would be my sentimental favorite. Fortunately, it is a good movie. But I owe them. Here’s why. Michael Lewis has been a favorite […]

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A More Accurate & Richer Way to Think about Economic Growth, Budgets, & Other Forecasts

February 9, 2012 Economics

In the past four years, Nate Silver has done more than anyone else I can think of to bring the world of probability and statistics to the realms of politics. Oh, everyone reads polls, but Silver introduced a wider audience to many subtleties and to how to combine multiple polls into richer and more reliable […]

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We Don’t Hate the Rich

December 20, 2011 Economics

Joshua M. Brown, a financial advisor, responding to JPMorgan Chase & Co. chief executive officer, Jaime Dimon’s lament that Americans hate the rich: I am writing to profess my utter disbelief at how little you seem to understand the current mood of the nation. In a story at Bloomberg today, you and a handful of […]

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Economics in the Real World. Humanities in Economics

December 8, 2011 Economics

This is not merely clever teaching. It’s brilliant at a deep level because it brings a human story to economics and economics to a human story. It combines reading and analyzing a classic novel about the Great Depression with a technical economics textbook. Combining dialog with demand curves, Stephen Ziliak, Trustee and Professor of Economics […]

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The Shin Bone’s Connected to the Thigh Bone

December 7, 2011 Business

My friend and colleague, Tim Maniccia, who runs Policy Innovation, noted some interesting connections yesterday. What triggered Tim’s observations was the bankruptcy of American Airlines. The first thing he noted was that American’s four pension plans cover almost 130,000 participants, but they have only $8.3 billion in assets to cover $18.5 billion in benefits. Were […]

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Best Way to Herd Cats

December 6, 2011 Control

From Keith W. Boone on Twitter (@motorcycle_guy): “Best way to herd cats? Move the food bowl.”

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