In the November issue of Harper’s magazine, Doug Henwood argues that Hillary Clinton, if elected president, would do little to assuage liberals’ disappointment in President Barack Obama. This is how Henwood sums up the case for Hillary’s candidacy in 2016: “She has experience, she’s a woman, and it’s her turn.” But, he says, “it’s hard to find any political substance in her favor.”
Continue reading Here Are 5 Takeaways From The Harper’s Anti-Clinton Story
Continue reading Rachel @Maddow: On #Ebola, it’s better to know than not to know
By Jared Bernstein
October 7, 2014
I’ve been looking for an excuse to scratch out a few lines about the connections between full employment, the trade deficit, and dollar policy—connections that understandably don’t jump out at everyone—and I’ve found a particularly good one.
My earliest memories are set in the home of my paternal grandfather. Continue reading Short Story: The women of my grandfather’s house
Continue reading Elizabeth Warren on Barack Obama: “They protected Wall Street | Salon
Ever since the JOLTS (Job Openings and Labor Turnover Survey) came into existence, labor market analysts have looked at the ratio of unemployed to job openings. In fact, the BLS publishes that very metric monthly (see chart 1 here). My old EPI colleague Jeff Wenger used to call it the “musical chairs” number, as when it goes up (high levels of job seekers per job), you can envision a bunch of folks trying to get the one seat/job when the music stops.
Continue reading Fixing the Downward Bias in the #Unemployment Rate | Jared Bernstein
October 9, 2014Three years ago, reporter and former New York Times columnist Bob Herbert took to the road and traveled across the United States to gather research for his new book, Losing Our Way. Continue reading Bob Herbert: Restoring an America That Has Lost Its Way | Moyers & Company
By Jared Bernstein
Paul K’s agrees with me on the core aspects of my post yesterday regarding our persistent trade deficits as a barrier to full employment, but disagrees the dollars status as a reserve currency has much to do with it.
If you will take a brief amble with me through some budget weeds, I assure you it will be in your interest.
Even people who pay some attention to such things don’t know that an important work-support for low-income families is scheduled to expire at the end of 2017. I’m talking about parts of the refundable portions of the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC) that were expanded in recent years. Without Congressional action, these improvements will go up in smoke at the end of 2017.
