Economics Roundtable

Database Maintenance 7/4/15

Routine database maintenance will induce some duplicated items for the next day or two.


May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .


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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.


Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?


Click on the chart for a larger version.


EconModel

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U.S. Food Policy (Parke Wilde)

"U.S. Food Policy and Economics from a Public Interest Perspective”


July 5, 2015, 1:03 am, 1502555
The federal government this week enacted what amounts essentially to a 6-month pause in commercial cod fishing in the Gulf of Maine, according to a report by David Abel in the Boston Globe yesterday. This is a sad day for New England's most famous fishery.

Cod fishing is ...


July 5, 2015, 1:03 am, 1502556
In 2009, New York passed its Breastfeeding Mothers' Bill of Rights, affirming mothers' rights to breastfeed any place, public or private. The focus of many provisions was on increasing mothers' access to information. Subsequently, hospitals had to share breastfeeding rates and other statistics.

A study to be ...


July 5, 2015, 1:03 am, 1502557
The World Trade Organization (WTO) today ruled in favor of Canada and Mexico, saying that U.S. country-of-origin labeling (COOL) rules violate our commitments in previous trade agreements.

The COOL rules in dispute required new labels on fresh beef, pork, and lamb, but not on processed foods such as ...


July 5, 2015, 1:03 am, 1502558
Frontline last night had an excellent report, the Trouble with Antibiotics, on the plausible link between dangerous antibiotic resistant diseases and the overuse of antibiotics in U.S. meat production.

Poultry and hog producers use large amounts of antibiotics even in healthy animals, as a growth promoter and to prevent ...


July 5, 2015, 1:03 am, 1502554
The U.S. food supply is far out of balance with dietary recommendations. A new study in the Journal of the Academy of Nutrition and Dietetics quantifies the gaps. In brief, the U.S. food supply was quite unhealthy already by the 1970s and has not improved noticeably since then.


July 5, 2015, 1:03 am, 1502553
U.S. school children with household incomes below 130% of the federal poverty guideline have long been eligible for free school lunch and breakfast, while those with slightly higher income but still below 185% of the poverty guideline are eligible for reduced-price lunch. With a new community eligibility provision, some districts ...


July 5, 2015, 1:03 am, 1502550
To understand food policy in the United States, one must pay attention to Mexican and Central American farmworkers in this country, but also to farm labor in Mexico.

The Los Angeles Times today has started an article series and a remarkable video series on the Mexican workers who ...


July 5, 2015, 1:03 am, 1502551
I am enjoying reading the new book-length coverage of local food systems in Food, Farms, and Community, by Lisa Chase and Vern Grubinger of the University of Vermont.

Food, Farms, and Community: Exploring Food Systems 


July 5, 2015, 1:03 am, 1502552
Tufts biology professor Benjamin Wolfe will speak about "The Secret Life of Cheese" tomorrow at the Friedman School's Wednesday seminar.

Wolfe's work with Rachel Dutton, published in the journal Cell, was summarized earlier this year in Wired. The article discusses the remarkable connection between microbes in ...


July 5, 2015, 1:03 am, 1502549
In my in-box are two new books on agricultural policy controversies, both written by agricultural economists. Both books seek, with partial but not complete success, to move beyond a certain fear of criticism, openly engaging readers who may have diverse public interest concerns and motivations.

First is Depolarizing Food ...