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No, Immigrants Aren’t Taking Your Job

border-immigrants-crossing

A new study debunks an old idea.

Federal Reserve Board Declines To Raise Interest Rates Again

Federal Reserve Building

An unsurprising decision from the Federal Reserve.

The Minimum Wage

campaign-money-congress

The minimum wage has been a big part of this year’s election cycle, mainly due to Bernie Sander’s campaign and his idea of a national minimum wage. There has been lots of discussion of this, but most of it is just, well, bad. There are really two things that one can point to as to why wages above the market wage can be good.

Libertarians Are to Blame for Donald Trump’s Racialized Rhetoric?

ostrom-buchanan

The idea that Donald Trump has gotten his racialized rhetoric from libertarians is simply errant nonsense. The libertarian view, broadly speaking, is not defined by Murray Rothbard, Llewellyn Rockwell, and Ron Paul and those who share their views. This is but a small and even fringe group of what could be called the libertarian community.

Fox News Pays Gretchen Carlson $20 Million To Settle Sexual Harassment Allegations

Fox News Logo

Roger Ailes’s sexual harassment has led to Fox News paying out some big dollars.

August Jobs Report Delivers Mediocre Numbers

jobs-want-ads-magnifying-glass

A mostly mediocre jobs report for August.

Sluggish Economic Growth, The Federal Reserve, And The 2016 Election

Economy Heartbeat

Another sign of a weak economy as the Federal Reserve considers rate hikes and the Presidential campaign moves forward.

Summer Olympics Were Lowest Rated Since 2000

RIO Olympics NBC Logo

Despite being much more conveniently located for viewers in the United States, viewership for the just-concluded Olympics were the lowest they’ve been in sixteen years.

Good Bye Peak Oil Hypothesis

Offshore Oil Rig

Remember Peak Oil? Whatever happened to that idea?

Donald Trump’s Bad Reasoning on NAFTA

money-foreign-currency-2

Donald Trump engages in some nice post hoc ergo propter hoc by implying that the decline in manufacturing jobs in North Carolina is due to NAFTA. Ignoring that other factors are more likely playing a far greater role in the loss of manufacturing jobs.

Ross Kaminsky: Protectionism is Political Pandering

money-investing

It is a misguided and foolish attempt to try and buy votes without appearing to buy votes.

“Compassionate” Protectionism

Economy Heartbeat

There’s nothing compasssionate about protectionism.

Follow Up on My Mercantilism Post

Japanese currency

Responding to comments on this morning’s post.

The Resurgence of Mercantilism

Japanese currency

On the left and the right, there’s been a resurgence of a long-ago discredited economy theory.

July Jobs Report Shows Solid Jobs Growth Continuing

Now Hiring Sign

The July Jobs Report was largely a continuation of the good news from June, but the question is how long that can last.

Roger Ailes Is Out At Fox News Channel

Roger Ailes

Big change at America’s most-watched cable news network.

Roger Ailes May Be On The Way Out At Fox News Channel

Roger Ailes

As the allegations of sexual harassment grow, reports are also growing that Roger Ailes may be out at Fox News much sooner than many may have anticipated.

ObamaCare Having Predictable Effects on Healthcare Market

health-costs-money-stethoscope

We’re further from a public option than we were in 2009. The need for it has become more acute.

June Jobs Report Bounces Back From Spring Doldrums

jobs-want-ads-magnifying-glass

A good month for job growth in June.

Former Fox News Host Gretchen Carlson Accuses Roger Ailes Of Harassment In Lurid Detail

Gretchen Carlson

If the allegations of a new lawsuit are true, things are truly lurid behind the scenes at Fox News Channel.

The Micro Economics of the Financial Crisis

money-investing

The Financial Crisis was not a problem of macroeconomics, but a cluster of microeconomic problems all acting together.

Janet Yellen Hints At Slow Economic Growth, But No Recession, Going Forward

Janet Yellen

The head of the Federal Reserve tells Congress that the economy is unlikely to enter recession this years, but isn’t exactly going to be booming either.

Federal Reserve Declines To Raise Rates Again

Federal Reserve Building

Once again, the Federal Reserve chooses to pass on the opportunity to raise interest rates.

An All-Around Bad Jobs Report For May

unemployment

The May Jobs Report was bad all-around. The question is whether this will come to be seen as an anomaly or the beginning of a worrisome trend.

So…That Stimulus

money-investing

A report card for the 2009 Stimulus Bill.

Bubba Smith Is Latest Former N.F.L. Player Diagnosed To Have Had C.T.E.

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Bubba Smith, the former N.F.L. star who went on to have a successful career as an actor, is the latest former pro football player to be diagnosed as having a degenerative brain disease linked to repeated concussions: Bubba Smith, the All-Pro defensive end in the N.F.L. who went on to a second career as a […]

Tom Brady, N.F.L. Players Association To Seek Review Of Appeals Court Deflategate Decision

Patriots Colts

Deflategate isn’t over yet and, depending on what happens in the Courts, could still be unresolved at the end of the N.F.L. season that begins in September.

Bill Backer, Creator Of ‘I’d Like To Buy The World A Coke’ Ad, Dies At 89

money-investing

Bill Backer, the man behind the creation of the most famous commercials of the 1970s if not all time, has died at the age of 89: Bill Backer, a lapsed lyricist whose classic 1971 commercial taught a fractious world of potential Coca-Cola consumers to sing in perfect harmony and was featured in the finale of […]

Trump Probably Couldn’t Afford To Self-Fund A General Election Campaign

Donald Trump Shrug

Donald Trump has announced that he would not be self-funding the General Election campaign. That’s probably because he really couldn’t afford to do so.

Pfizer Bars Use Of Its Drugs In Capital Punishment

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Pfizer has become the latest drug maker from barring its products from being used in executions.

April Jobs Report Disappoints After Three Months Of Positive News

jobsearchnewspaper

After starting off the year strong, the jobs market seems to have taken a rest in April.

Appeals Court Reinstates Tom Brady’s Deflategate Suspension

Patriots Colts

A Federal Appeals Court has reinstated the four game suspension imposed on Tom Brady over the so-called ‘Deflategate’ scandal.

Harriet Tubman To Replace Andrew Jackson On $20 Bill

Harriet Tubman Twenty Dollar Bill

Woman who liberated slaves to replace slaveholding President who presided over Native American genocide on American currency.

The Steady Decline of News

newspaper-internet

The business of the media is business. Business is not good.

Treasury Department Likely To Spare Alexander Hamilton, Bad News For Andrew Jackson

Ten Dollar Bill

The success of the Broadway musical ‘Hamilton’ appears to be helping to save Alexander Hamilton’s place on the $10 bill. Andrew Jackson, meanwhile, looks likely to be booted from the $20 bill.

‘Panama Papers’ Claim Prime Minister Of Iceland As First Victim

Panama Papers

One down. How many more to go?

Twitter To Live Stream All Ten Thursday Night N.F.L. Games

nfl-logo

All of next season’s Thursday Night N.F.L. games will be streamed live for free via Twitter.

Leaked Documents Reveal International Web Of Hidden Assets, Secret Bank Accounts

Panama Papers

A treasure trove of documents from a law firm in Panama could prove problematic for a large group of international leaders.

Modestly Good News From The March Jobs Report

jobs-want-ads-magnifying-glass

March’s Jobs Report was good, but could be better.

Andrew Grove, Intel Chairman Who Helped Develop The Semiconductor Revolution, Dead At 79

Andrew Grove

One of the pioneers of the technology revolution of the past four decades has passed away.

Latest Fox News GOP Debate Garners 16.8 Million Viewers

Eleventh Republican Debate

Thursday’s Republican debate on Fox News Channel proved that the American public remains keenly interested in the 2016 Presidential race: Thursday’s GOP debate on Fox News was the highest-rated debate of 2016 and the fourth-highest-rated primary debate on record. The two-hour debate averaged 16.8 million total viewers — a bigger audience than practically everything else […]

Solid Jobs Growth For February, But Shadows Remain Hovering Over The Economy

Now Hiring Sign

February’s Jobs Report was relatively positive, but there are still shadows hovering over the economy as we head further into the year.

Economic Growth In Final Quarter Of 2015 Pegged At Anemic 1.0%

Economy Heartbeat

Not exactly inspiring economic news from the Commerce Department.

Tenth GOP Debate Garners Estimated 14.5 Million Viewers

Tenth Republican Debate Rubio Trump Cruz

Last night’s Republican debate in Texas received the highest viewership since the start of 2016: The final Republican primary gathering before Super Tuesday produced plenty of insults and fireworks on stage Thursday night — and the largest audience for any debate in more than two months. In Nielsen’s preliminary national estimates, the GOP debate averaged 14.521 […]

Peter Mondavi, Napa Valley Wine Pioneer, Dead At 101

Peter Mondavi

A man who helped create a multi-billion dollar a year industry, and some mighty fine wine, has passed away.

Pitfalls of ‘Bring Your Own Device’

money-investing

Work Phones Are Being Phased Out at Banks

After Two Solid Months, January Brings A Decidedly Mediocre Jobs Report

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January’s Jobs Report was nothing to write home about.

ObamaCare’s Predicted Effects Coming True

health-costs-money-stethoscope

Major carriers are reporting massive losses and demanding major rate hikes to cover the costs imposed by PPACA.

Trumpless Republican Debate Garners 12.5 Million Viewers

Seventh Republican Debate

Thursday’s debate without Donald Trump drew fewer viewers than might have been expected, but it’s unclear if that’s because Donald Trump wasn’t there.

Economy Grows At Anemic 0.7% In Final Quarter Of 2015

Economy Heartbeat

An anemic end to 2015 raises concerns about the health of the economy going forward.

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