May 2014 Payroll Employment
After 76 months, we finally got back to the prerecession level of payroll employment.
Click on the image to get a bigger version.
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 .
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.
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?
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Mosul, Iraq, October 8, 2014 — Multiple sources have confirmed that Free Syrian Army (“FSA”) forces, part of the “moderate” rebel groups recently trained and armed by the Obama administration, have defeated three small groups of ISIS fighters — with perhaps 25 to 40 members of the terrorist ...
My first ever piece for TheHill.com:
Democrats are in a froth over a statement by Rep. Jack Kingston (R-Ga.) suggesting that some Republicans want to avoid a vote supporting President Obama’s military action in Syria because “We can denounce it if it goes bad, and praise it if it goes ...
On September 11 and 12, 2012, in an attack by Islamist militants on the U.S. Diplomatic Compound (unofficially sometimes called a consulate) in Benghazi, Libya, Ambassador J. Christopher Stevens was killed — the first death of an American ambassador by a violent act since 1979. Chris Stevens had earned the ...
One of the main reasons that Senate Majority Leader Harry Reid blew up the traditional applicability of the filibuster in the United States Senate was so that President Obama could pack the DC Circuit Court of Appeals with liberal judges, anticipating the need for bias, or at least partisanship, ...
“There is nothing more painful to me at this stage in my life than to walk down the street and hear footsteps and start thinking about robbery — then look around and see somebody white and feel relieved.” — Jesse Jackson
The inventors of a new iPhone (and soon ...
A Denver Post guest op-ed argued for giving asylum to children crossing illegally into the US right now. I disagree, and sent the Post a rebuttal, which they printed here:
As the suicide of Robin Williams — one of the few self-inflicted deaths of a public figure which truly saddened me; the man made me laugh since my teenage years — grabs the headlines, Ferguson, Missouri is literally and figuratively on fire.
On Saturday in ...
In yet another uninspiring performance by our unengaged and unengaging president, this time a press conference at the end of a three-day U.S.-Africa Leaders Summit in Washington, D.C., Barack Obama discussed, among other things, the ceasefire between Israel and Hamas which, according to The One, “we” have ...
The bodies of three young men, assumed to be the two Israeli and one Israeli-American yeshiva (religious high school) students kidnapped on June 12th, have been found "under a pile of rocks in an open field" between two towns in the West Bank, according to NY Times reporting. ...
Conservative and liberal media alike were all atwitter with Thursday’s midday news that the House of Representatives was going on its summer recess without passing a border-related bill because Republicans did not have the votes to pass it. The left was particularly pleased in the apparent inability of the ...