Consider the ruble/yuan exchange rate. Figure 1: Rubles per yuan, calculated using dollar rates (blue, log scale). Up is a depreciation of the ruble. Source: Pacific Exchange Services accessed 12/1/2024, and author’s calculations. The recovery in the ruble’s value after...
Reader Michael writes: …high income wage growth has grown much faster than medium and low income wage growth patterns. Here’s a stab at taking a look at the data. First wages: Figure 1: Year-on-Year growth rate in average hourly earnings...
Bumblebee population increases 116 times over in ‘remarkable’ Scotland rewilding project The Scotsman World Beekeeping Awards axe honey prize due to fraud BBC All Life on Earth Today Descended From a Single Cell. Meet LUCA. Quanta Digestive contents and food...
Lambert Strether: Dang, another book to read: Kropotkin. By Elizabeth Svoboda, a science writer in San Jose, California, and the author of What Makes a Hero?: The Surprising Science of Selflessness.” Originally published at Undark. In the opening scene of...
As measured by Baker, Bloom and Davis: Figure 1: EPU (news) for the US (blue), average value 1/20/2021-11/4/2024 (light blue line), average value 11/6/2024- (orange line). Source: policyuncertainty.com accessed 11/30/2024. And we haven’t even heard the word “bleach” yet! This...
The conventionally used CPI-U is in the middle of the pack. Figure 1: CPI-urban (bold black), CPI-wage earners and clerical (purple), CPI for 2nd income quintile (pink), chained CPI (tan), HICP (light blue), Everyday Price Index (EPI) (green), all not...
A retrospective: Figure 1: Wisconsin manufacturing employment, 000’s, s.a. (blue, left scale), Wisconsin manufactured exports in mn.2000$ (tan, right scale). Wisconsin nominal exports seasonally adjusted using geometric moving average, deflated using goods export price deflator. Source: BLS, Census, and author’s...
Yves here. Please note that some of the speculation about the new Russian Oreshnik missile has been cleared up by later news reports and unusually forthcoming commentary by Vladimir Putin. Western commentators have tried to minimize the potency of the...
Orcas start wearing dead salmon hats again after ditching the trend for 37 years Live Science Macron unveils ‘sublime’ Notre-Dame Cathedral after ‘impossible’ restoration Le Monde Many worlds, many selves aeon What Food Was Served at the First Thanksgiving in...
Max T. at Maximum Progress shows that between 1992 and 2003 US literacy rates fell dramatically within every single educational category but the aggregate literacy rate didn’t budge. A great example of Simpson’s Paradox! The easiest way to see how this...
