Three articles, one blog post. First, Dean Baker points to this great Bloomberg article by former Fed regional bank pres Narayana Kocherlakota (NK) on how, since black unemployment typical runs 2x the overall rate, Fed policy is especially consequential for them (and other minorities). It’s really just the old adage that when the economy sniffles, less… Read more
Sorry, OTE’ers. I’ve been remiss. Not only have I failed to post much here of late, but I haven’t been providing links to posts I’ve placed elsewhere. EG, over at PostEverything: From today, a discussion about very recent wage trends. They’ve turned up due both to tighter job markets, a central prediction of so much… Read more
Some have asked for me to post these so here ya go.
It’s summer, which means I hit the road to preach the progressive econ gospel to anyone with a town hall and a PowerPt projector. Anyone recognize where I am tonight? Be there and be square!
Bernie Sanders and Jeffrey Immelt had a bit of a dustup over the past couple of days. For the details, links, and some really trenchant analysis, see Jeff Spross here. Basically, Sanders went after GE as a bad corporate actor, a serial tax avoider, and an outsourcer. He said something about the firm eroding “the… Read more