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Tag Archives: Uncategorized

Healthcare Chaos

from Peter Radford Here we are one day before the ascension of Trump to the White House and already the policy chaos has begun. To be fair to Trump this particular chaos is not necessarily of his own doing entirely. The Republicans in Congress are also responsible. So hell bent are they in expunging all things Obama from the record that they have charged into the valley of death known as health care reform. Or, in this case, un-reform. Having spent vast amounts of hours and taxpayer money...

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Fuck You’s Inaugural Address

Sandwichman | January 20, 2017 1:18 am Dave Moss: What’s your name?  Blake: Fuck you. That’s my name. You know why, mister? ‘Cause you drove a Hyundai to get here tonight. I drove an $80,000 BMW. THAT’s my name. Long before Alec Baldwin did his Saturday Night Live impression of Donald J. Trump, Trump appropriated Baldwin’s sadistic...

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Uncovering where the econometric skeletons are buried

from Lars Syll A rigorous application of econometric methods in economics presupposes that the phenomena of our real world economies are ruled by stable causal relations between variables. Parameter-values estimated in specific spatio-temporal contexts are presupposed to be exportable to totally different contexts. To warrant this assumption one, however, has to convincingly establish that the targeted acting causes are stable and invariant so that they maintain their parametric status...

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Theory of Employment

from Asad Zaman This is the 9th Post in a sequence about Re-Reading Keynes. In chapter 2 of General Theory, Keynes wishes to develop a theory of employment. He claims that classical economics does not have a theory of employment, because it assumes that all resources will be fully employed. But the theory that unemployment will always be 0% – except for frictional – is not a theory which can explain observations of high and persistent unemployment. Taking this post-Depression observation...

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Housing starts, Chicago Fed, Trump cuts

As previously discussed, no homes are built without prior permits, which are going nowhere: Highlights Housing starts extended their wild ride of volatility in December, up 11.3 percent in the month to a 1.226 million annualized rate which beats the Econoday consensus for 1.200 million. But the rise is confined to multi-unit starts which jumped 57 percent to a 431,000 rate, a contrast to the 4.0 percent decline to 795,000 for single-family starts. Permits, which are subject...

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Mind the growing gap

from David Ruccio Oxfam’s headline-grabbing numbers are bad enough: “Eight men are as rich as half the world.” But the international organization has presented an even more serious and severe indictment of current economic arrangements—which can’t be glossed over by merely encouraging those at the top to pay more taxes. In the background paper, “An Economy for the 99 Percent” (a follow-up to last year’s “An Economy for the 1%“), Oxfam researchers both document the existence of grotesque...

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Mtg apps, Redbook retail sales, Industrial production, Housing market index, CPI, Euro zone and US sectoral balances

Back down again, in spite of Trumped up expectations, and going nowhere: Highlights Purchase applications for home mortgages fell a seasonally adjusted 5.0 percent in the January 13 week, while applications for refinancing rose 7 percent. Unadjusted, the purchase index increased 25 percent compared to the previous week, however, taking the year-on-year comparison up 17 percentage points from the prior week to minus 1 percent, a strong recovery but still sharply below the...

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Catalyst’s Malick, unhappy about my reporting on US influence, hits back with false claim

from  Norbert Haering In a news piece on rediff, one of India’s most popular news-sites, Badal Malick, CEO of the US-Indian organization Catalyst, explains via a friendly journalist, what Catalyst is doing and that my writing on Catalyst and on Washington’s meddling in the fight against cash in India was bogus. He did not convince me. Maybe he will convince you. To very briefly summarize my piece “‘A Well-Kept Open Secret: Washington Is Behind India’s Brutal Demonetisation Project‘”(...

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The Economist on Diversity and Development

I was looking for information on how cultures affect growth and stumbled on this 12.5 year old article in The Economist: Diversity and development might seem to sit oddly together. But they are intimately linked, and the report seeks to show that they are not related in the way many people assume. The UNDP’s press release says unambiguously that “there is no evidence that cultural diversity slows development”, and dismisses the idea that there has to be a...

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