Kudos to Jared Bernstein for a very thoughtful blog post on the political barriers to banking regulation. My thoughts below his: Continue reading Jared Bernstein’s excellent blog post on the political barriers to banking regulation | Blog#42
Category Archives: Economics
Report: The Class of 2015: #Employment outlook | EPI | Blog#42
By Alyssa Davis, Will Kimball, and Elise Gould | May 27, 2015
Introduction and key findings
The Great Recession has had lasting effects on employment prospects of young people entering the workforce after graduating from high school or college. Continue reading Report: The Class of 2015: #Employment outlook | EPI | Blog#42
The intersection of wage stagnation and a looming housing crisis on Blog#42
The National Low Income Housing Coalition put out its annual Out of Reach report this week. The results are pretty ugly. Rent is no longer affordable in any state. This has everything to do with wages that are too low to afford basic housing needs nationwide.
It is no wonder, then, that homelessness recently jumped 12% in the Los Angeles area, or that LA just adopted a $15 per hour minimum wage as a response. An extra 50,000 homeless on the street, with no affordable housing to relieve the pressure is a situation that can no longer be ignored. This is a national emergency.
Two excellent articles describing its highlights are curated below. My comments regarding my neck of the California woods follow. Continue reading The intersection of wage stagnation and a looming housing crisis on Blog#42
#Limbaugh Attacks Obama’s #Trade Agenda | #TPP irony on Blog#42
Oh, the irony! With Mitch McConnell having spent the last couple of weeks bending over backwards to marshal the troops, even going so far as to praise President Obama for the TPP negotiation. Continue reading #Limbaugh Attacks Obama’s #Trade Agenda | #TPP irony on Blog#42
Paul Krugman: Trade and Trust | Postscript to my comment | NYTimes | Blog#42
Curated below are my comments and replies from New York Times readers, followed by an excerpt of Paul Krugman’s May 22nd op-ed. Since the publication of this op-ed, the U.S. Senate has passed the legislation that enables the fast-track of the TPP in Congress. The legislation is now, quite ironically, in the hands of none other than Paul Ryan. Continue reading Paul Krugman: Trade and Trust | Postscript to my comment | NYTimes | Blog#42
A Response to William Rivers Pitt (.@WRPitt) | The Trojan Horse President
William Rivers Pitt, Senior Editor of Truthout, wrote an op-ed in opposition to President Obama and the TPP. Fine. I’m also opposed to the TPP. I feel that as many voices as possible should rise in opposition to it, no matter how futile, given the big cave by Senate Democrats.
Continue reading A Response to William Rivers Pitt (.@WRPitt) | The Trojan Horse President
Responding to Paul Krugman on Trust and the #TPP
I was relieved after a very long period of mostly silence, interspersed with a few non-committal statements on the TPP, to read Professor Krugman’s blog post curated below. But that relief is tempered by the timing and temperature of this position statement. Continue reading Responding to Paul Krugman on Trust and the #TPP
Suddenly, Hillary Clinton’s positions are music to our ears… | #Progressivism on Blog#42
Hillary Clinton has been undergoing a transmogrification since announcing her candidacy for president. Gone are the neoliberal beliefs and policy positions and in are almost every single last one of the progressive credos. Continue reading Suddenly, Hillary Clinton’s positions are music to our ears… | #Progressivism on Blog#42
The Clinton-Greenspan connection| The case against dynasties on Blog#42
I was reminded, as I was reading Paul Krugman’s recent blog post on Alan Greenspan (see below,) that he is wedded to Andrea Mitchell of MSNBC. I was also reminded that Greenspan was Chairman of the Fed during… the Clinton years. Continue reading The Clinton-Greenspan connection| The case against dynasties on Blog#42
Dispatch from the post-Great Recession #economy | #Housing on Blog#42
In my blog post, Living the Great Recession: Notes from our new digs, I described the living conditions in the apartment next door and many of the units in the complex we had just moved into. Continue reading Dispatch from the post-Great Recession #economy | #Housing on Blog#42