Economy

Over on the Upshot at the New York Times, David Leonhardt throws a little cold (or maybe just “slightly cool”) water on the hysteria over rising tuition, noting (correctly) that the primary tuition inflation measure that the federal government used for years was based on the average sticker price...
07/30/2014
Blog
The water war in Detroit has taken a new turn. The emergency manager (the virtual city dictator appointed by the governor) shut off thousands of customers of the Detroit Water and Sewerage Department for non-payment. Some were undoubtedly taking advantage of the chaos caused by the State takeover...
07/29/2014
Blog
Oh boy. Reihan Salam has a piece riddled with confusions, some conceptual, some technical, and some just downright strange. It is so confused that I will eschew the normal narrative type reaction and just go line-by-line. Poverty Measurement Here's when the good stuff starts: But getting more...
07/25/2014
Blog
As coverage of the Child Allowance idea picks up (I, II), I am finding commentators here and there who do not appear to appreciate the fact that, in most meaningful respects, the Child Allowance is identical to the Reformicon tax credit. So I want to take a moment to very clearly specify...
07/23/2014
Blog
As fourth anniversary of the enactment of the Dodd Frank financial reform legislation passes, we are once again revisiting whether “too-big-to-fail” is in our past. The perennial discussion has become a distraction that gets in the way of the real issues of the financial system that persist to this...
07/22/2014
Blog
Last September, the Department of Labor announced they were extending minimum wage and overtime protections to the nation’s nearly 2 million home care workers, who were previously excluded from these and other protections of the Fair Labor Standards Act (FLSA). The rule, which goes into effect Jan...
07/22/2014
Blog
Conservatives I follow on Twitter have gotten really perturbed by a recent slate of National Labor Relations Board decisions. In particular, they seem scandalized by the fact that you can't automatically fire someone just because they said a cuss word. Even Radley "hate the cops, love the boss"...
07/16/2014
Blog
Once again, Detroit’s tragic circumstances provide a window on the state houses and governors that were captured by right wing ideologues in the 2010 elections and are now at odds with urban (read “racial minority controlled”) governments. The state-appointed Detroit Emergency Manager has commenced...
07/16/2014
Blog
Citibank settled the Justice Department’s mortgage market investigation yesterday, agreeing to pay $4 billion in civil penalties, $500 million in penalties to various states and $2.5 billion in “soft dollars” to aid consumers damaged by their pre-financial crisis shenanigans. To reach agreement,...
07/15/2014
Blog
Ross Douthat has a piece in the New York Times about Lebron James' return to Cleveland. Douthat uses the event as an opportunity to censure highly-educated people who have migrated out of the midwest and towards the coasts: But elite self-segregation, and what Charles Murray has dubbed...
07/14/2014
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