Is the decline in manufacturing employment due to trade competition? Insights from a decomposition. Figure 1: Employment change from 1997Q1 (black line), change attributable to output change (blue bar) and attributable to productivity change (tan bar). Calculations based on log...
Trump sought to break from the gate of his second term at top speed, executing a raft of executive orders and other directives on his first day (see Lambert’s tally for details) and even holding an informal press conference during...
Yves here. Virtually from the inception of this website, we warned that potable water would be the first resource to come under critical stress. as of then (mid 2000s) that was anticipated to occur around 2040. Places like Cape Town...
Max the cat was washed at 40 degrees – survived Omni via machine translation (Micael T) Dogs Paired With Providers at Hospitals Help Ease Staff and Patient Stress KFF Health News Earth’s magnetic north pole is on the move, and...
Last week NATO announced that it is increasing its presence in the Baltic Sea. The pretext is damage in recent months to undersea cables allegedly caused by ships associated with Russia’s “shadow fleet.” Anonymous intelligence officials admit to Jeff Bezos’...
Yves here. I found this to be a truly depressing article about AI receptivity, since it ignored, as most discussions do, serious issues about the limits of AI and how it is being implemented without taking those limits into account....
When a purported data analyst says something strange, who you gonna call? General St. Louis Fed FRED economic database Thousands of time series on economic activity, in an easily downloadable form. Contains some key series from BEA, BLS, Census, IMF, OECD, etc....
From NOAA to 2024, and guesstimate for January 2025: Notes: Month-by-month accumulation of estimated costs of each year’s billion-dollar disasters, with colored lines showing 2024 (red) and the other top-10 costliest years; figures are in 2024$. Other years are light gray. 2024 finished...
That’s the title of a GJ Collins article on SeekingAlpha today — but it’s not what you think it means… The resolution of the inverted 10-year and 3-month yield curve usually signals a recession down range. Well if inversions precede...
Bird Song of the Day Brown Thrasher, May 2024 Rondeau PP–South Point Trail East, Chatham-Kent, Ontario, Canada. Same location as yesterday, but different birds and even more lively. * * * In Case You Might Miss… January 6 pardons. DOGE...
