The Angry Bear

(Dan here….Corrected code to fit the format and reposted)  by New Deal Democrat HEADLINES: +261,000 jobs added U3 unemployment rate down -0.1% from 4.2% to 4.1% U6 underemployment rate down -0.3 from 8.2% to7.9% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but Want a Job Now:  down -443,000 from 5.628 million to 5.135 million Part time for economic reasons: down...

by Joseph Joyce 2017 Globie: “Grave New World” Once a year I choose a book that deals with an aspect of globalization in an interesting and illuminating way, and bestow on it the “prize” of the Globalization Book of the Year (known as the “Globie”). The prize is strictly honorific—no check is attached! But I enjoy drawing attention to an author who has an insight on the process of globalization.  Previous winners are listed below. This year’s Globie goes...

Saudi Crown Prince Consolidates Power With Anti-Corruption Arrests Everybody is against corruption, so it has become the new cool way to concentrate power in dictatorial societies to engage in an anti-corruption drive, as Putin and Xi Jinping have done.  Actually corrupt people may well be arrested, but somehow included in the set of those arrested are rivals of the leader who are conveniently disposed of. So we now see it in Saudi Arabia, where Crown...

What happened to the European Phillips Curve ? Recently many have argued that the Phillips curve has become the Phillips horizontal line. I am old enough to remember when the hot new idea in macroeconomics was that the long run Phillips curve is vertical so inflation varies but unemployment stays near the natural rate and average unemployment over medium long periods is constant. Oddly, this view is still the basis of policymaking including notably the...

   October jobs report: great utilization, decent growth, poor wages HEADLINES: +261,000 jobs added U3 unemployment rate down -0.1% from 4.2% to 4.1% U6 underemployment rate down -0.3 from 8.2% to7.9% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but Want a Job Now:  down -443,000 from 5.628 million to 5.135 million Part time for economic reasons: down -369,000...

Here’s a fascinating recent article with the forbidding title of The landscape of sex-differential transcriptome and its consequent selection in human adults.  I’ll provide the abstract, and then a translation into English.  Here’s the abstract: Background The prevalence of several human morbid phenotypes is sometimes much higher than intuitively expected. This can directly arise from the presence of two sexes, male and female, in one species. Men and...

A presidential candidate like Donald Trump should not be viable. Candidates he supports should not be viable. The existence of Donald Trump should be a boon for the Democrats. And, in fact, it has been. But it hasn’t been enough. Perhaps four (or eight?) years worth of results will tip the balance for Democrats, but it is reasonable to ask: why have Democrats been coming up short against Trump, both in the Presidential election and in special elections...

Nancy LeTourneau at Washington Monthly has an article up on HRC and her running for the presidency. It is a worthy read as it refutes Donna Brazile and Elizabeth Warrens accusations using Open Secrets (Hillary Victory Fund) on HRC funding the DNC and the states in addition to when she took control. Here is what is in question as written by Nancy Letourneau: “So it is not unusual for a nominee to exert control over the DNC once they have been chosen. As...

(/Dan here…lifted from Robert’s Stochastic Thoughts) The Long Run and International Economics I am still thinking about Krugman and the Gravelle GeardownDo click the link if you are interested in understanding what I am typing about. Very briefly the question is: what effect would cutting the tax on profits have on the _US capital stock ? The particular issue is what difference does it make that most of US production is production of non traded goods and...