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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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.
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Megan McArdle
Asymmetrical Information
February 3, 2012, 12:36 pm, 948116
So apparently Susan G. Komen has reversed its decision to fund Planned Parenthood. Just as it wasn't surprising that they might want to gently disconnect themselves from the abortion rights movement, it's also not shocking that once this issue became political, pro-choicers mobilized faster and harder than pro-lifers did. For ...
February 3, 2012, 10:36 am, 948079
Why Your Prius Will Kill our Highways:
This isn't a new problem, but it's getting worse. Since back in the Eisenhower era, the federal government has maintained a Highway Trust Fund, paid for mostly by taxes on fuel, that helps cover the repair and construction of our country's roads, ...
February 2, 2012, 4:36 pm, 947962
So naturally,
posting on abortion has caused a swarm of very angry people from both sides to show up in my comments. A couple of them are demanding that I "educate myself" about "the facts" on Planned Parenthood and Susan G. Komen, such as the fact that only a ...
February 2, 2012, 2:36 pm, 947940
My colleague Jeffrey Goldberg has done
some reporting on the Susan G. Komen Foundation's decision to cut off Planned Parenthood because the organization was under congressional investigation. According to his sources, that was a pretext--the new rule was passed specifically in order to give the foundation a cover for ...
February 2, 2012, 10:36 am, 947876
Greek technocrats
have a hard time of it:
Greece has won strong endorsements in the past year for shoring up its economic statistics after years of fudging data to conceal its deficits and financial mismanagement, but the man who's responsible for restoring the country's reputation is now the ...
February 1, 2012, 8:36 pm, 947793
Details of the American Airlines bankruptcy are
emerging. And the details are that AMR wants all of its creditors to take a deep haircut, especially the workers:
The company aims to cut labor costs 20% under bankruptcy protection, and will soon begin negotiations with its three major unions. Some ...
February 1, 2012, 6:36 pm, 947765
Because I am true to my demographic, I watch a lot of HGTV. This is maybe a little weird, because I hate virtually everything that the decorators do on HGTV. If these shows are to be believed, our era will be defined by a style I have dubbed Contemporary Bland ...
February 1, 2012, 4:36 pm, 947735
The latest Budget and Economic Outlook is out from the CBO, and boy is it grim reading. The projections continue to deteriorate, largely because the recession has been longer and deeper than the CBO projected. We can now expect $1 trillion deficits even past Obama's first term.
February 1, 2012, 10:36 am, 947645
Links I've been thinking about
Can brain calisthenics
make you better at math?In a 2010 study, researchers at UCLA and the University of Pennsylvania had sixth graders in a Philadelphia public school use a perception-training program to practice just this. On the computer module, a fraction appeared as ...
January 31, 2012, 10:36 pm, 947565
Kevin Drum is
not very sympathetic to the Catholic Church's complaints about being forced to provide insurance coverage for contraception to workers in its hospitals and other public institutions:
'm just a big ol' secular lefty, so I guess it's natural that I'd disagree. And I do. I guess ...
