raymond Butler
retired
Search Results. Half of What’s Wrong With the Recovery in One Chart. Angry Bear. The Political Underbelly of the Pensions Crisis: What Broke the System, and How Do We Fix It? William Ayers: Teach Freedom! (Image: HarperCollins Publishers)More than 30 top progressive thinkers have joined together to Imagine Living in a Socialist USA, a new book from HarperCollins edited by Frances Goldin, Debby Smith and Michael Steven Smith.
Get the book now from Truthout for a minimum contribution of $25. Just click here for this roadmap to a socialist America. Richard Wolff: Enterprise Structure Is Key to the Shape of a Post-Capitalist Future. Do you support reporting and analysis that’s free from corporate influence?
Help Truthout continue our mission by making a donation today! (Photo: rdwolff.com) Richard Wolff talks about "The Shape of a Post-Capitalist Future," his entry in the new anthology Imagine: Living in a Socialist USA, and his conviction that making the transition from capitalism to socialism requires a deliberate critique of capitalist workplace organization. Bubble to Bust to Recovery. By Matthew C.
Klein / Bloomberg View / Feb 25, 2014Bubble to Bust to Recovery No matter how you look at it, the U.S. housing market has been on a wild ride over the past few years.The reason is simple: lots of people suddenly had an easy time borrowing money to buy houses — until they couldn't.Ample credit boosted prices and overbuilding in certain areas. Jared Bernstein Gives Us The Best Graph on the Employment Effects of Minimum Wage Increases. They say sample size matters.
A handful of sample points in a study doesn’t tell you much, because they could just be showing random variation. This is also true not when you’re looking at many studies. You need to look at lots of research that uses different methodologies and data sets to get a confident feel for the facts on the ground. Jared Bernstein points us to exactly such an effort, looking at 64 studies on the employment effects of minimum-wage increases, with a wonderfully informative display: Do what you love, love what you do: An omnipresent mantra that’s bad for work and workers.
Photo courtesy Mario de Armas/design*sponge “Do what you love.
Love what you do.” The command is framed and perched in a living room that can only be described as “well-curated.” Capitalism for the Masses. When Arthur Brooks was 24, he was playing the French horn in a chamber music concert in Dijon, France.
Dani Rodrik reviews the fundamental lessons about emerging economies that economists have refused to learn. Exit from comment view mode.
Click to hide this space PRINCETON – How quickly emerging markets’ fortunes have turned. Usurious Returns on Phantom Money: The Credit Card Gravy Train. (Photo via Shutterstock)The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.
You pay off your credit card balance every month, thinking you are taking advantage of the “interest-free grace period” and getting free credit. You may even use your credit card when you could have used cash, just to get the free frequent flier or cash-back rewards. But those popular features are misleading. Even when the balance is paid on time every month, credit card use imposes a huge hidden cost on users—hidden because the cost is deducted from what the merchant receives, then passed on to you in the form of higher prices.
Visa and MasterCard charge merchants about 2% of the value of every credit card transaction, and American Express charges even more. Usurious Returns on Phantom Money: The Credit Card Gravy Train. You pay off your credit card balance every month, thinking you are taking advantage of the “interest-free grace period” and getting free credit.
You may even use your credit card when you could have used cash, just to get the free frequent flier or cash-back rewards. But those popular features are misleading. Even when the balance is paid on time every month, credit card use imposes a huge hidden cost on users—hidden because the cost is deducted from what the merchant receives, then passed on to you in the form of higher prices. (Photo via Flickr / wootam! / Creative Commons License) Visa and MasterCard charge merchants about 2% of the value of every credit card transaction, and American Express charges even more. The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet. Divergence-At-the-Top-.png (PNG Image, 629 × 488 pixels) Yellen Says Recovery in Labor Market Far From Complete. One reason earnings might look better… labor share dropped.
The stock market is rising again on some positive earnings being reported.
One reason earnings might look better… labor share dropped. A Mis-Leading Labor Market Indicator. A Mis-Leading Labor Market Indicator Samuel Kapon and Joseph TracyLiberty Street Economics, February 03, 2014 The unemployment rate is a popular measure of the condition of the labor market. With the Great Recession, the unemployment rate increased from a low of 4.4 percent in March 2007 to a peak of 10.0 percent in October 2009. As the economy recovered and growth resumed, the unemployment rate has fallen to 6.7 percent. What other measures are useful to supplement our understanding of the degree of the labor market recovery?
The employment-population (E/P) ratio frequently is used as an additional labor market measure. In its failure to recover, the E/P ratio would seem to depict a much weaker labor market than indicated by the unemployment rate. To explore this question, we take all individuals age sixteen or older from the Current Population Survey Outgoing Rotation Group samples from January 1982 to November 2013. Category: Data Analysis, Employment, Think Tank. Home - Rethinking Economics. Fed Policy Makers Rally Behind Tapering QE as Yellen Era Begins. Federal Reserve policy makers trimmed bond buying for a second straight meeting, uniting behind a strategy of gradual withdrawal from Ben S. Bernanke’sunprecedented easing policy as Janet Yellen prepares to succeed him as chairman. The Federal Open Market Committee said yesterday it will cut monthly bond purchases by $10 billion to $65 billion, citing labor-market indicators that “were mixed but on balance showed further improvement” and economic growth that has “picked up in recent quarters.”
Sean McElwee. William Lazonick. The Academic-Industry Research Network William Lazonick is Professor and Director of the University of Massachusetts Center for Industrial Competitiveness and President of The Academic-Industry Research Network, a 501(c)(3) nonprofit organization. Previously he was on the faculties of Harvard University, Columbia University, and INSEAD in France. His book, Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States (Upjohn Institute, 2009) won the 2010 Schumpeter Prize.
Going past what is sustainable… Another market failure. Teen employment and minimum wages. Teen employment and minimum wages. Democratic Money: A Populist Perspective, with Lawrence Goodwyn and William Greider, 12/9/89. How likely is a new "Populist Moment"? Existing Home Sales Soaring Highs Deceptive. How Bad Was It? The Costs and Consequences of the 2007–09 Financial Crisis. Private Investment and the Business Cycle. By Bill McBride on 1/21/2014 11:47:00 AM. RSA Animate. Economic Growth Is Killing Us. (Image via Shutterstock)Help Truthout continue producing grassroots journalism and publishing visions for a brighter future throughout 2014 and beyond.
Click here to make a tax-deductible donation! We immediately require an economic and political governance structure that ensures all human beings have access to basic necessities while simultaneously reducing human pressure on the biosphere. The “middle class” myth: Here’s why wages are really so low today. James Surowiecki: The Costs of Working Too Much.
A study of Financial Repression, part 1… a basic model. Is there financial repression in the United States?