Sunday, June 1, 2008
A few words about Chuck Hagel (as a possible Obama VP) that will probably get me into trouble. ... 12:42 P.M.
Saturday, May 31, 2008
Tight Like That in Iowa: I don't want to make too much of this, since John Leland's story concerns a tight labor market for skilled workers, not necessarily those at the bottom of the labor market. But a) This is the condition we should want the national labor market to be like, for all skill levels, right? b) Unions not required! c) Low immigration seems to have something to do with increasing the competition among employers for workers. ... They're scouring the prisons. And they're competing for $14/hour welders, which means the tightness isn't restricted to salaried "symbolic analysts. "... 12:50 P.M.
Friday, May 30, 2008
David Corn argues that McCain co-chair Phil Gramm helped bring on the subprime crisis by preventing regulation of something called "credit default swaps." Corn almost succeeds in making these "newfangled financial products" understandable. ... P.S.: Henotes that Gramm's legislation was "supported by Fed chairman Alan Greenspan and Treasury secretary Larry Summers." You sort of want to hear fromthem on whether they now think they were wrong. ... 11:39 P.M.
Chinese Economy Grinds to Halt: China is suspected of surreptitiously trying to hack into computers at the U.S. Department of Commerce? ... Isn't that sort of like sleeping with the writer? ... Next target: HUD! ... [via Insta ] 11:05 P.M.