Economics Roundtable

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 .

Click on the image to get a bigger version.

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.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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- Recent Entries

August 25, 2016, 9:03 pm, 1667708

Despite a slowdown in the growth rate of overall national health expenditures, Americans are seeing more of their paychecks go to health-care costs.

The increase is largely thanks to cost-shifting through higher deductibles in plans offered by employers, which cover the majority of workers and their families. The trend has ...

August 25, 2016, 9:03 pm, 1667707
Yellen time updated (ht SBG)

CR Note: It was an awesome trip, but it is great to be home. I'll be posting some catch-up graphs and comments on new and existing home sales tomorrow. Best to All.

• At 8:30 AM ET, Gross Domestic Product, ...

August 25, 2016, 8:44 pm, 1667706

EconTalk host Russ Roberts welcomes back favorite guest Michael Munger of Duke University for a complex discussion of slavery and the evolution of racial attitudes in the 19th century American South. ...

August 25, 2016, 8:04 pm, 1667703
(Don Boudreaux)

… is from page 31 of the 1990 Transaction Publishers reprint of W.H. Hutt‘s 1936 book,

August 25, 2016, 7:03 pm, 1667687

Brad DeLong:

Why Do We Talk About “Helicopter Money”?: Why do we talk about “helicopter money”? We talk about helicopter money because we seek a tool for managing aggregate demand–for nudging the level of spending in an economy up to but not above the economy’s current sustainable productive potential–that ...

August 25, 2016, 7:03 pm, 1667686
CR Note: I'm back from NYC. Had a great time!

The DOL reported:

In the week ending August 20, the advance figure for seasonally adjusted initial claims was 261,000, a decrease of 1,000 from the previous week's unrevised level of 262,000. The 4-week moving average was 264,000, ...

August 25, 2016, 6:34 pm, 1667685

It turns out Germany has fiscal space even by German standards!

Germany’s federal government posted a 1.2 percent of GDP fiscal surplus in the first half of 2016. The IMF was forecasting the federal surplus of 0.3 percent (and a general government deficit of 0.1 percent of GDP)—see table 2, ...

August 25, 2016, 6:04 pm, 1667683
(Don Boudreaux)

I’m eager to see the movie “Incarcerating US” – which promises to help expose the so-called “war on drugs” and ...

August 25, 2016, 6:04 pm, 1667682
Of course some MSM journalists are hard working professionals. The Washington Post’s David A. Fahrenthold has worked very hard trying to find evidence, any evidence, of Donald Trump giving his own money away. Farenthold and Rosalind S. Helderman have a genuinely wonderful examination of alleged quid pro quo in which ...

August 25, 2016, 4:44 pm, 1667650

August 25, 2016, 4:05 pm, 1667647

Thanks to a government initiative, all teen residents who reach that milestone this year will be given a “Cultural Bonus”—a cool €500 to spend on movies, books, theater and concert tickets, museums, and national parks, reports The Local.

From an economic point of view, such vouchers can make good ...

August 25, 2016, 4:04 pm, 1667646
US political journalism just receive the coup de grace and the Beutler did it. Brian Buetler wrote “Hillary Clinton’s Relationship With the Press Is Broken—and It Can’t Be Fixed.” This doesn’t sound very enthusiastic, but I think the article shows that the problem is much much worse than the title ...

August 25, 2016, 4:04 pm, 1667645

Former Michigan Governor John Engler joins the show to discuss welfare reform 20 years after it was signed into law. The 1996 reform was a landmark piece of bipartisan legislation that introduced Temporary Assistance for Needy Families (TANF), creating work requirements, imposing time limits on welfare, and giving states more ...

August 25, 2016, 3:33 pm, 1667641
Not a single one endorses Mr. Trump, says the Wall Street Journal.

August 25, 2016, 2:44 pm, 1667609

August 25, 2016, 2:35 pm, 1667608

By James Kwak

Imagine that while George W. Bush was governor of Texas and president of the United States, various people and companies decided to write him checks for hundreds of thousands of dollars, just because they thought he was a great guy. Those people and companies, just coincidentally, happened to ...

August 25, 2016, 2:05 pm, 1667607

1. Will I someday be a fan of Fan Bingbing?  And are index funds communist?

2. There is no great stagnation.  Whenever I give no further description with this header, it is usually something pretty good (bad), right?

3. Bombardment and dust when ...

August 25, 2016, 2:05 pm, 1667606

Michael Heizer, the large-scale sculpture artist, has been building City, a sculpture in the Nevada desert since 1972. City is reputedly on the scale of the Washington, DC’s National Mall and ...

August 25, 2016, 2:04 pm, 1667605
In what would be a stunning reversal on an issue central to his candidacy, Donald Trump floated a possible process to allow undocumented immigrants to remain in America in a town hall that aired Wednesday. “No citizenship,” Trump told Fox News’ Sean Hannity in an interview taped Tuesday afternoon in ...

August 25, 2016, 1:33 pm, 1667602


The daily trip limit for the commercial harvest of vermilion snapper in federal waters of the South Atlantic is reduced from 1,000 pounds gutted weight to 500 pounds gutted weight, effective 12:01 a.m. (local time) August 28, 2016. NOAA Fisheries has determined 75 percent of the July-December quota of 431,460 ...

August 25, 2016, 1:33 pm, 1667601

Back in November of 2013, Politifact collected 37 examples of President Obama (or a top administration official) claiming that “If you like your plan, you can keep your plan” and “If you like your doctor, you can keep your doctor” under the Affordable Care Act. Here are five examples, ...

August 25, 2016, 1:03 pm, 1667569

Today is August 25, the 100th birthday of the National Park Service. The Service manages 59 national parks and 354 other sites, areas, and monuments. The NPS spends about $3 billion per year, raising about $500 million of it from fees, donations, and other private sources (including

August 25, 2016, 1:03 pm, 1667568

The latest sign the U.S. labor market is returning to normal, seven years after the recession ended: More workers who lose a job are able to find a new one.

Some 7.4 million people lost jobs between January 2013 and December 2015, including 3.2 million who were laid off from positions ...

August 25, 2016, 1:03 pm, 1667567

From Real Time Economics at the WSJ:

Economists Who’ve Advised Presidents Are No Fans of Donald Trump: Republican presidential nominee Donald Trump, who hasbroken with many of the GOP’s traditional positions on economic policy, garners nosupport from any of theWhite Houseeconomists who have advised U.S. presidents for the ...

August 25, 2016, 12:44 pm, 1667566

August 25, 2016, 12:44 pm, 1667565

August 25, 2016, 12:34 pm, 1667564
Tags A A Home | Feed | Blog.rssTaxes and SpendingPhilosophy and MethodologyPolitical TheoryMillennials Love Free Markets, But Don't Understand Them

August 25, 2016, 12:34 pm, 1667563
Tags A A Home | Feed | Blog.rssGlobal EconomyMoney and BanksMoney and BankingHow Central Banks Are Bleeding the Middle Class Dry

August 25, 2016, 12:05 pm, 1667558

Singapore’s nuTonomy, founded by two researchers from the Massachusetts Institute of Technology, said Thursday it began testing a free taxi-hailing service in a small business district in Singapore called one-north, a campus-like space dominated by tech firms and biotechnology companies. Other tech companies including Chinese internet giant

August 25, 2016, 11:33 am, 1667556

This might make good dessert talk:

By global standards, the Block Island Wind Farm is a tiny project, just five turbines capable of powering about 17,000 homes. Yet many people are hoping its completion, with the final blade bolted into place at the end of last week, will mark the start ...

August 25, 2016, 11:33 am, 1667555

…. is from H.L. Mencken (very timely now that we’re 74 days from the November election):

The state — or, to make matters more concrete, the government — consists of a gang of men exactly like you and me. They have no special talent for the business of government; ...

August 25, 2016, 11:03 am, 1667524

Republican presidential nominee Donald Trump, who has broken with many of the GOP’s traditional positions on economic policy, garners no support from any of the White House economists who have advised U.S. presidents for the past half-century.

The Wall Street Journal this month reached out to all 45 surviving former members of the White House 

August 25, 2016, 11:03 am, 1667523

The Wall Street Journal reached out to 45 economists who have served on the White House Council of Economic Advisers, under both Republican and Democratic presidents, to ask about this year’s presidential election. Most Democratic appointees said they supported Hillary Clinton, while no Republican appointees openly supported Donald Trump. ...

August 25, 2016, 10:44 am, 1667522

August 25, 2016, 10:04 am, 1667517

August 25, 2016, 10:04 am, 1667516

Key Points

The poor and non-poor share many of the same values about work and government’s responsibility. Americans believe the Great Recession and its aftermath have made it hard for the poor to find jobs. Today, more people say welfare is designed to help people get back on their feet than did in ...

August 25, 2016, 8:44 am, 1667483

The pari passu litigation against Argentina—discussed extensively here on Credit Slips, on FT Alphaville, and elsewhere—caused many people to worry that future government debt restructurings would become more difficult. Some have their eye on Venezuela as the next to default, though the country and ...

August 25, 2016, 8:35 am, 1667482

US economic growth continues to rebound after a soft patch in the first half of the year. Supported by stronger job growth in June and July, the firmer trend in the actual data follows projections published by The US Business Cycle Risk Report and The Capital Spectator ...

August 25, 2016, 8:04 am, 1667481
(Don Boudreaux)

… is from page 145 of Thomas Sowell’s 2008 volume, Economic Facts and Fallacies (footnote deleted); here Sowell ...

August 25, 2016, 7:34 am, 1667478

Including the infamous "congestions that just seems to appear for no reason".

August 25, 2016, 7:34 am, 1667477

Good. Quickly, please.

August 25, 2016, 7:03 am, 1667455

With so much destructive flooding in Louisiana during the past week, we couldn't help but think back to this past June, when the region around Houston, Texas experienced a tremendous amount of rainfall that also led to significant flooding and lots of property damage. ...

August 25, 2016, 5:34 am, 1667453

If things are going too well for you, if you're too happy, this piece on viral infections will help bring you right down.

Murray could only conclude one thing: the effects of the West Nile virus were lasting for a really long time in otherwise healthy individuals. The ...

August 25, 2016, 5:34 am, 1667452

Raleigh is ranked #19; Charlotte, #13; and Big D and DC are the two highest ranked cities outside of California.

August 25, 2016, 5:03 am, 1667431

August 25, 2016, 4:05 am, 1667430

When it comes to contingent government pension liabilities as a percentage of gdp, Poland appears to be above 350%.

France, Denmark, and Germany are next in line, with figures well over 300%.  For purposes of comparison, the United States is considered to have a serious pension problem but the corresponding ...

August 25, 2016, 2:05 am, 1667411

That is my latest Bloomberg column, here is one excerpt:

The virtues of business startups have led to many a success story. These enterprises start with clean slates. They embody the focused and often idiosyncratic visions of their founders. The successful ones grow faster than their competitors. Even ...

August 25, 2016, 2:05 am, 1667410

August 25, 2016, 12:05 am, 1667395

From the University of Chicago letter welcoming students:

…Earning a place in our community of scholars is no small achievement and we are delighted that you selected Chicago to continue your intellectual journey.

Once here you will discover that one of the University of Chicago’s defining characteristics is our commitment ...

August 25, 2016, 12:04 am, 1667394
(August 25, 2016 12:16 AM, by Bryan Caplan) Interesting reaction to Tuesday's post from my friend Perry Metzger. Perry, with his permission:My biggie is the number of people who die from medical errors and bad hygiene in hospitals. It's thousands a day globally. Unlike the global murder problem,... (1 COMMENTS)

August 25, 2016, 12:04 am, 1667393

….. is from the University of Chicago’s Dean of Students John Ellison’s letter to the Class of 2020 incoming students:

Our commitment to academic freedom means that we do not support so-called ‘trigger warnings,’ we do not cancel invited speakers because their topics might prove controversial, and we do ...

August 24, 2016, 11:33 pm, 1667392

….. is from the University of Chicago’s Dean of Students John Ellison’s letter to the Class of 2020 incoming students:

Our commitment to academic freedom means that we do not support so-called ‘trigger warnings,’ we do not cancel invited speakers because their topics might prove controversial, and we do ...

August 24, 2016, 7:33 pm, 1667377

A UC-Berkeley study has just conclusively confirmed something many progressives, politicians, and the “Fight for 15 Cents” crowd have a very difficult time understanding: Demand curves do slope ...

August 24, 2016, 7:03 pm, 1667358
As a reminder: NAR Existing Home Sales Report vs. Tom Lawler's LEHC Projection from Last Week

Existing Home Sales (SAAR): NAR, 5.39 million; LEHC, 5.41 million; “Consensus”, 5.52 million

Inventory of EHS for Sale: NAR, 2.13 million; LEHC, 2.14 million.

YOY % ...

August 24, 2016, 6:04 pm, 1667357
(Don Boudreaux)

At the gym earlier this afternoon I caught a snippet of what was literally a water-cooler conversation ...

August 24, 2016, 6:04 pm, 1667356
Which of these models would you trust to evaluate inflation? (quarterly data since 1957) Phillip’s curve… core inflation plotted against unemployment. (link) My model plotting core inflation against corporate profit rates minus a mix of short & long-term nominal rates… (link) Who in their right mind would still talk about ...

August 24, 2016, 6:04 pm, 1667355

Abu Zubaydah, the first high-value terrorist captured after the 9/11 attacks, just made his first public appearance this week since 2002, when he stood before a military review board to argue for his release from Guantanamo Bay.

August 24, 2016, 4:34 pm, 1667323
Tags A A Home | Feed | Blog.rssFree MarketsEntrepreneurshipInterventionismFantasy Football: The Beauty of Capitalism and the Dangers of Government ...

August 24, 2016, 4:34 pm, 1667322
A A Tags U.S. EconomyHome | Feed | Blog.rssThe US National Debt Load is Second-Worst in the World

August 24, 2016, 4:34 pm, 1667321

China’s deficit in tourism is over 40 percent of China’s goods surplus (the other parts of services trade are in rough balance; China’s services deficit is for now all tourism); the tourism deficit is one of the main reasons why the rise in China’s goods surplus hasn’t led to a ...

August 24, 2016, 4:05 pm, 1667319

August 24, 2016, 4:04 pm, 1667318
(August 24, 2016 01:33 PM, by Amy Willis) Incentives matter, sure. But isn't there a limit to what institutional analysis can (and ought) explain? That's what lingering in my mind after listening to this week's EconTalk episode with everybody's favorite guest, Mike Munger of Duke University. How... (0 COMMENTS)

August 24, 2016, 4:04 pm, 1667316

Time is running out for Europe to save the euro. This is not simply because the euro straitjacket has stifled European economic growth and increased economic divergence between the eurozone’s north and south. It is also because Europe’s dismal economic performance has given rise to the fragmentation of its politics ...

August 24, 2016, 4:04 pm, 1667317

On Monday, Iran’s Foreign Minister, Mohammad Javad Zarif, began a tour of Latin America with the stated objective of strengthening economic ties — in agriculture, petroleum, petrochemicals, mining, medicine, and engineering. His trip includes stops in Cuba, Chile, Bolivia, Nicaragua, Ecuador, and Venezuela.

August 24, 2016, 3:34 pm, 1667311
Imagine a scenario in which you must choose whether to invest $500,000 in a sunk investment in a new house (that will live on for 40 years and then turn to dust) overlooking a beautiful body of water. Based on the last 500 years of data, there is a 1% ...

August 24, 2016, 2:44 pm, 1667280

August 24, 2016, 2:44 pm, 1667279

August 24, 2016, 2:04 pm, 1667278

August 24, 2016, 2:04 pm, 1667277
The Phillip’s curve is obsolete. Inflation does not reliably depend on employment. So what other model could we depend on? This one showing core inflation plotted against an aggregate corporate profit rate minus a mix of nominal rates. (FRED data link) Mixed nominal rate = 0.56*Fed rate + 0.44*10-year treasury ...

August 24, 2016, 1:03 pm, 1667243

Today is August 24, the date in 1814 when British troops during the War of 1812 pushed aside American militia at Bladensburg, Md., marched into Washington, D.C., and set fire to government buildings including the Treasury. They also burned the Capitol, the White House, the Library of Congress, ...

August 24, 2016, 12:44 pm, 1667242

August 24, 2016, 12:34 pm, 1667241
A A Home | Feed | Blog.rssSupport the Mises Institute with Amazon Smile 0 Views

August 24, 2016, 12:05 pm, 1667235

Here is the summary:

The stereotypical obituary is a formulaic recitation of facts — dry, boring, and without craft. But Margalit Fox has shown the genre can produce some of the most memorable and moving stories in journalism. Exploiting its “pure narrative arc,” Fox has penned over 1,200 obituaries, ...

August 24, 2016, 12:04 pm, 1667234
(Don Boudreaux)

This news item ...

August 24, 2016, 12:04 pm, 1667233

The federal government has run massive deficits since President Obama became president in 2009, but the deficits, and the government’s interest payments on the cumulative federal debt, would have been even greater if the Federal Reserve had not intervened with a massive and unprecedented bond and securities buying program.

August 24, 2016, 12:04 pm, 1667232

Back in 1997, when President Bill Clinton nominated Massachusetts Gov. Bill Weld as his ambassador to Mexico, Senate Foreign Relations Committee Chairman Jesse Helms killed his nomination, citing Weld’s abysmal record on drugs.

August 24, 2016, 12:04 pm, 1667230

In its new poll, 43 percent of registered voters told Pew Research Center interviewers that Donald Trump would make a terrible president, and another 12 percent a poor one. Hillary Clinton’s marks were not much better. A third said she would make a terrible president, with 12 percent choosing a poor one.

On ...

August 24, 2016, 12:04 pm, 1667231

The new Pew Research Center poll breaks down Hillary Clinton and Donald Trump’s support. Overall, Clinton leads Trump among registered voters by 41 to 37 percent with 10 percent for Gary Johnson and 4 percent for Jill Stein. Clinton’s strongest support comes from African Americans (85 percent are in her camp while ...

August 24, 2016, 11:34 am, 1667228

This post is not as clear as it should be. Sorry. It's because my head is not very clear either. I wrote this to try to get my head clearer.

An imaginary country uses 7 different media of exchange, issued by 6 different banks.

There is one alpha bank, and 5 beta ...

August 24, 2016, 11:33 am, 1667227

…. is from the National Review editorial “Mrs. Clinton and Her Fixer“:

It is important to keep in mind what the Clinton Foundation mainly does: It does precious little in the way of actual philanthropy ($9 million worth out of $140 million in revenue for 2013) but instead spends ...

August 24, 2016, 11:23 am, 1667226
by Felipe Rezende

This series will discuss at length the underlying forces behind Brazil’s current crisis. (See Part I here)

Part II

Building on Keynes’s investment theory of the cycle, Minsky’s work suggests that the structure of the economy becomes more fragile over a period of tranquility and prosperity. That is, endogenous ...

August 24, 2016, 11:03 am, 1667194
CR Note: I'm in NYC and I will post graphs when I return home.

From the NAR: Existing-Home Sales Lose Steam in July

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.2 percent to a seasonally adjusted annual rate of ...

August 24, 2016, 10:44 am, 1667193

August 24, 2016, 10:34 am, 1667192

Notwithstanding the fact that their location in Rio de Janeiro made them well-positioned for the U.S. market, the recently concluded 2016 Summer Olympics were ...

August 24, 2016, 10:34 am, 1667190
A A Home | Feed | Blog.rssThe Lack of EpiPen Competitors is the FDA's Fault

August 24, 2016, 10:34 am, 1667191
Tags A A Home | Feed | Blog.rssTaxes and SpendingCalculation and KnowledgeInterventionismHow Back-to-School Shopping Is like American Politics

August 24, 2016, 10:04 am, 1667188
(Don Boudreaux)

… is from page 176 of Matt Ridley’s excellent 2015 book, The Evolution of Everything:

Horace Mann, widely regarded ...

August 24, 2016, 10:04 am, 1667187
(Don Boudreaux)

Two people (Jones and Smith), each owning some things that are valued by the other, meet in an exchange situation.  Jones ...

August 24, 2016, 9:03 am, 1667153

Miss Daisy could be your next Uber driver.

More than 400,000 Americans ages 65 and older earn income from digital platforms such as Uber and Airbnb. and those seniors are more reliant on such gigs than their younger peers, according to a new report from the JPMorgan Chase Institute.

The report, which ...

August 24, 2016, 8:35 am, 1667152

Economic output in the US is on track to rebound sharply in the third quarter, according to several estimates. Some analysts are looking for growth in excess of 3% when the Bureau of Economic Analysis publishes the “advance” Q3 report on Oct. 28. Even the cautious forecasts are generally anticipating ...

August 24, 2016, 8:35 am, 1667151

The tiresome kerfuffle about whether Jeremy Corbyn lied about being unable to get a seat on a train raises a question: so what if he did lie? We all do. Often, a lie can be a way of expressing a bigger truth. Telling your partner that she ...

August 24, 2016, 8:05 am, 1667150

The Atlantic writes:

Hillary Clinton and Donald Trump, have included plans to reintroduce the [Glass-Steagall] bill in their economic platforms. The argument for the act is that it could have prevented (or at least dampened) the 2008 financial crisis, and that reinstating it could ward off future ones. Is ...

August 24, 2016, 8:05 am, 1667149

In the first video in the Personal Finance section of our Principles of Macroeconomics course we pointed out that mutual fund managers do not beat the market on average. Why is this? In the second video, we take a look at the efficient markets hypothesis.

I’m rather fond of ...

August 24, 2016, 7:34 am, 1667146

"No one should be surprised if much scholarly writing continues to be mediocre and confused."

I, for one, won't.

August 24, 2016, 7:34 am, 1667145

August 24, 2016, 7:34 am, 1667144

If you haven't seen this, this is a fun two minutes.

I've been reading some of Ms. Ephron's essays recently and I'm having a good time. She was a terrific writer. Here's a few short samples: "An Ode to Nora Ephron and Her Words". And a documentary about ...

August 24, 2016, 7:03 am, 1667126

Travel day. Not sure when I can post.

August 24, 2016, 7:03 am, 1667125
CR Note: I'm in NYC, graphs will be posted next week.

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ...

August 24, 2016, 5:34 am, 1667123

I'm suspicious of the "just marketing" claim, but the piece is still interesting.

August 24, 2016, 5:34 am, 1667122
Here are some of the books I have read this summer, all recommended.
Nobody's Fool by Richard RussoSuccess and Luck by Robert FrankThe Upside of Inequality by Edward ConardHillbilly Elegy by J.D. Vance

August 24, 2016, 5:04 am, 1667103

Every three months, just about at the time that the market's quarterly earnings season ends shortly after the midpoint of the quarter, we take a snapshot of the expectations for future earnings in the S&P 500.

Today, for the first time in the last seven quarters, ...

August 24, 2016, 5:03 am, 1667102

August 24, 2016, 4:05 am, 1667100

How many who think we should subsidize manufacturing also think high corporate tax rates are harmless?

That is from Modeled Behavior.

The post Elasticity optimism for me but not for thee appeared first on Marginal REVOLUTION.

August 24, 2016, 2:05 am, 1667083

This is perhaps the best and most instructive one I have heard:

…Mr Xi’s authority remains hemmed in. True, his position at the highest level looks secure. But among the next layer of the elite, he has surprisingly few backers. Victor Shih of the University of California, San Diego, has ...

August 24, 2016, 2:05 am, 1667082

August 24, 2016, 1:23 am, 1667079
‘To enjoy higher wages, smart people must waste time and money going to the trouble of acquiring a degree’

August 24, 2016, 12:04 am, 1667059
(August 24, 2016 12:02 AM, by Bryan Caplan) This academic year, I'm in charge of the Public Choice Center Seminar series. Seminars are normally on Wednesdays from 12:00-1:15 PM, and are open to the public. Since I am not a fan of actually-existing seminars, I'm experimenting with a... (0 COMMENTS)