Yves here. This article describes some of the many concerns about geoengineering, above all the inability to properly model what some of the knock-on effects might be. A big reason that climate models have underestimated the pace of recent change...
Yves here. America, since its foundation, has had a struggle between notions of freedom and bodily autonomy versus the scientific pretenses, and later actual very significant accomplishments, of medicine. KLG argues that restoring the legitimate (as opposed to exaggerated) authority...
Yves here. This post recaps an OECD study of 32 nations on the cost and performance of social programs, as in government funded and even provided measures to support long-term care for the elderly. This is a very thorny topic...
Yves here. This post by Medea Benjamin and Nicholas Davies gives a high-level overview of the state of play of the not-at-all resolved conflict in Lebanon. In addition to the fast outbreak of Israel ceasefire violations under dubious pretenses, the...
Trend shifted down, but sensitivity up. Figure 1: Log of ratio of vehicle miles traveled to monthly GDP (000’s miles divided by bn.Ch.2017$ SAAR) (blue), and 2000-19 stochastic trend (red). NBER defined peak-to-trough recession dates shaded gray. Source: NHTSA via...
By Lambert Strether of Corrente. Patient readers, I’m traveling again, I feel a WiFi dead zone coming up, and I want to take a nap. I should be back in form tomorrow. –lamnert Bird Song of the Day Northern Mockingbird,...
Here are key indicators followed by the NBER’s Business Cycle Dating Committee (top indicators employment and person income) plus monthly GDP from S&P (nee Macroeconomic Advisers nee IHS Markit): Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from...
Later in this piece, we will republish in full a fine, recent Wolf Richter post,Office CMBS Delinquency Rate Spikes to 10.4%, Just Below Worst of Financial Crisis Meltdown. Fastest 2-Year Spike Ever and up front, discuss how it contrasts with...
Yves here. This post gives a brief discussion of yet more Trump brandishing of his favorite new toy weapon: big, across the board tariffs. The Trump noise-making is consistent with the tendency to treat efforts to get wriggle room in...
