Why Is Iraq Blowing Up Now? Yes, Iraq. It has not made front page headlines with so much else going on, but over the last several days there has been an escalating series of protests against corruption in various parts of Iraq and culminating yesterday in Baghdad with one being met by soldiers firing openly upon the demonstarters with the result being about 104 dead and 6,100 wounded. The government of Adel Abdul al Mahdi appears in danger of facing a...
Read More »That study about the health risks of red meat: An excellent news report — Andrew Gelman
Most interesting for the analysis of the process relative to statistical reasoning and news reporting, which happens to be the bedrock of economics and the narratives based on conventional economics. Short and not wonkish.Statistical Modeling, Causal Inference, and Social ScienceThat study about the health risks of red meat: An excellent news reportAndrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University
Read More »UkraineGate: What Will Volker Say?
UkraineGate: What Will Volker Say? I am referring to Kurt Volker: The president’s lawyer Rudy Giuliani has revealed text messages of conversations between himself and senior officials at the State Department that he says show they endorsed his controversial dealings with Ukraine…During an appearance on Fox News show The Ingraham Angle last night, Giuliani revealed 15 text messages between himself, U.S. Special Representative to Ukraine Kurt Volker, and...
Read More »What Kurt Eichenwald says – Saving the Republic
What Kurt Eichenwald says – Saving the Republic When I’m not reading and writing about the economy, I do occasionally comment elsewhere on political topics. So it was on Thursday when, in response to this post asserting that Democrats were powerless to do anything – (including enforcing THEIR OWN GODDAM SUBPOENAS!) – and that it was “green lantern-ism” to believe otherwise, I decided I had had enough (see comment #25), for which I was called a “kook” and...
Read More »Take Your Pick of Left Wing Climate Change Narratives: Green Abundance or Righteous Austerity
Take Your Pick of Left Wing Climate Change Narratives: Green Abundance or Righteous Austerity While I was preoccupied with other things, the US left settled on a pair of competing climate change narratives. By the time I looked, the choice was down to just these two, and no other views could be considered. View #1, Green Abundance, is that combating climate change means unleashing the power of renewable energy. Fortunately, according to this story,...
Read More »Would Trump Try to Manipulate Economic Data Before the Election?
Dean Baker considers whether Trump’s group of supporters would be able to manipulate the bureacracies of the federal government to alter the economic outlook of the nation in a more expansive way than Larry Kudlow and others, but the data itself ( if that is even needed?) He says not likely, but how creative would one need to be? Dean Baker wonders out loud… Would Trump Try to Manipulate Economic Data Before the Election? I talked to a reporter last week...
Read More »Has 21st century conservatism contributed anything useful at all ?
(Dan here…lifted from Robert’s Stochastic Thoughts) by Robert Waldmann Has 21st century conservatism contributed anything useful at all ? This is a question I haven’t asked myself. I have long looked for reasonable and reasonably honest conservatives. It is frustrating, because I have found many, but few are still conservative. I don’t want to get distracted from my distraction; but there is a pattern of me finding a conservative whom I consider...
Read More »How to Achieve Shorter Working Hours
I have great pleasure in presenting this report on shorter working hours, which John McDonnell asked me to prepare, and which I have written with the valuable assistance of Rachel Kay. I accepted John’s invitation because shorter working hours is something I believe in. In fact, I wrote a book with my son, How Much is Enough?, which made the case for reducing the burden of work as part of the good life. The philosophy of this Report is quite simple. The advance of technology – the...
Read More »I get Ruthless With David Leonard
(Dan here…lifted from Robert’s Stochastic Thoughts) by Robert Waldmann I get Ruthless With David Leonard David Leonard picks cherries in a generally good op-ed. I agree entirely with his general conclusion that Democrats should run a populist campaign (no triangulation — he should have noted that Clinton ran on raising taxes on the rich and cutting taxes on the middle class in 1992 — he was a populist before he was a triangulator). He also says don’t...
Read More »Healthcare News PBM Profits, Expensive Drug(s), Food Protein, and the Opioid Scam
“Cigna gets major boost from Express Scripts in Q2,” Robert King, FierceHealthcare, August 1, 2019 And some claim PBMs do not matter in the cost of healthcare? Cigna healthcare insurance generated ~ $38 billion in revenue the second quarter 2019 and a major increase due mostly to a merger with pharmacy benefit manager (PBM) Express Scripts. According to company financial results released Thursday, Cigna’s pharmacy services business generated $23.5...
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