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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"Economists on Environmental and Natural Resources: News, Opinion, and Analysis”
When I heard the phrase "Margarita Declaration" I had much higher (and drunker) hopes than 131 environmental groups banding together to call for an end to capitalism.
A UN-backed conference on climate change ended with a call to end capitalism. The conference, organised by the Venezuelan government, saw 130 ...
I think so:
"You show me a polluter, I'll show you a subsidy; I'll show you a fat cat who's using political clout to escape the discipline of the free market and force the public to pay his production costs. That's what all pollution is -- it is always a subsidy." ~ Robert F. ...
And theses ensue:
Now, federal officials are weighing putting [the sage grouse] on the endangered species list â€” setting off a mad scramble among the unlikeliest of allies to save the bird and avoid disrupting the nationâ€™s enormous growth in energy production. With a range stretching ...
I know I've fallen behind on my 24 viewing for the season, but after this, I'm ready for the season to take some odd turns soon:
The Tour de France can be unforgiving and crushingly heartbreaking. On Sunday's stage 15, Jack Bauer experienced this firsthand.
Does Jack infiltrate the U.S. Postal ...
A new article in Nature: Climate Change says that the recent 15 year non-warming period is fully explained by climate models that account for El Nino and La Nina.
The question of how climate model projections have tracked the actual evolution of global mean surface air temperature ...
My favorite is 1% milk* with chocolate malt Ovaltine:
A newly released report showing that higher temperatures cause cows to give less milk is uniting climate and animal rights activists to take immediate action to counteract the negative effects of bovine heat stress.
â€śCows are happy in parts of Northern California ...
Here is the link: http://www.sciencedirect.com/science/article
The headline says "mountaintop removal for coal hurts water quality and harms fish." Well, we knew that. Luckily, the article actually gives an idea of the magnitude:
In West Virginiaâ€™s Appalachian mountains, fish are vanishing. The number of species has fallen, the populations of those that remain are down, and some ...
Matthew J. Kotchen and Erin T. Mansur:
In the absence of legislation for a US national climate policy, regulatory responsibility has fallen to the US Environmental Protection Agency (EPA). In March 2012, the EPA announced a proposed carbon pollution standard for new power plants. Then in September 2013, the EPA withdrew ...