It seems so, here is one study from the Chicago Fed, by Kristin Butcher, Lucas Cain, Camilo Garcia-Jimeno, and Ryan Perry: Standard estimates based on the main household survey used to shed light on labor markets—the Current Population Survey (CPS)—suggest...
Yves here. Yesterday, we featured a Michael Hudson post on how the US has used agriculture, specifically control over grain supplies, to bolster its hegemony. Here we see another form of exploitation, here wealthy interests acquiring productive land in low...
From a new NBER working paper by Steven J. Davis: Two extraordinary U.S. labor market developments facilitated the sharp disinflation in 2022-23 without raising the unemployment rate. First, pandemic-driven infection worries and social distancing intentions caused a sizable drag on...
Today, we present a guest post written by David Papell and Ruxandra Prodan-Boul, Professor of Economics at the University of Houston and Economics Lecturer at Stanford University. The Federal Open Market Committee (FOMC) maintained the target range for the federal...
I would vote to confirm: I decided to do a little more empirical testing of AI’s legal ability. Specifically, I downloaded the briefs in every Supreme Court merits case that has been decided so far this Term, inputted them into...
By Lambert Strether of Corrente./strong> Bird Song of the Day Large Wren-Babbler, Pahang – Bukit Rengit, Pahang, Malaysia. I like the name, “Wren-Babbler.” * * * In Case You Might Miss… (1) Trump polling shows effects of conviction among independents....
1. The publishing world is following in the footsteps of GOAT (NYT). 2. “most of the whistle-blowers I talked to did not see ethicists as their friends or allies…” 3. Shakespeare wrote Shakespeare. 4. “Individuals who are unmarried and not...
Lambert here: Say it’s not so! By Harald Hau, Senior Chair at Swiss Finance Institute, Professor of Economics and Finance at University Of Geneva, Tim-Ole Radach, Student at TU Dresden, and Marcel Thum, Director at IFO Dresden, Professor of Economics...
One burning question following the European parliamentary elections that concluded on June 9: how did Italian Prime Minister Giorgia Meloni’s ruling Fratelli d’Italia (Brothers of Italy – Fd’I) perform so well despite the following: A lousy economy. That’s the norm...
Where is the center of the universe? Space.com Toilet Train Your Tyrannosaur 3 Quarks Daily Momentum Is Still Drawing Magnificent Mojo Bloomberg Climate LNG ‘anything but natural’ warns report Gas World Global upstream spending growth expected to slow, but remains...
