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The Rise Of The Robots And The Decline Of The Middle Class

Robot Assembly Line

Technology continues to make more and more jobs unnecessary and irrelevant. And the consequences are going to be widespread.

Super Bowl Viewership Dips Slightly For Second Straight Year

There were 111.3 million people tuned into the Super Bowl on Sunday, slightly lower than last year.

A Strong January Jobs Report, But Signs Of Possible Weakness Ahead

jobs-want-ads-magnifying-glass

The first Jobs Report of 2017 saw healthy jobs growth in January, but there are signs we may be reaching a point where hiring could slow down.

Super Bowl Commercial Prices Hit $5,000,000 For 30 Seconds Of Ad Time

Super Bowl LI

A Super Bowl ad will cost you a cool $5,000,000 for thirty seconds.

More on Megaprojects

SydneyOperaHouse

Megaprojects are not a partisan thing. Megaprojects are large projects typically costing more than $1 billion and often tens of billions of dollars and impacting the lives of tens of thousands of people if not millions.

Donald Trump’s Plan to Increase the Trade Deficit

trade-deficit

Yet another example of why Trump and his views on Trade and the economy are contradictory and even incoherent. Not only should Trump be building his Great Trump Wall™ in Mexico he should be furiously working against any and all foreign investment in the U.S.

How to Make Cars

two_ways_to_build_cars

There are two ways (at least) to have cars in America.

The New Trump Tax

taxes

Yet more incoherent economic policy from the Tweeter in Chief. A border tax will mean that Americans will undoubtedly pay for at least part of the Great Wall of Trump™.

The Great Wall of America

brickwall

The Great Wall of Trump™ is almost surely going to be a disaster, the question remains how big of a disaster will it be.

Trump Reverses Obama’s Course On Keystone XL Pipeline And Other Projects

Keystone XL Map

President Trump reverses a decision made by President Obama just over a year ago.

Search For Flight MH370 Officially Comes To An End

MH370 Plane

The mystery of what happened aboard Malaysian Airlines Flight 370 may remain at the bottom of the Indian Ocean forever.

Ringling Brothers Circus To Shut Down After 146 Years In Business

RIngling Brothers

A long-standing staple of American culture will soon be no more.

December Jobs Report Reveals Tepid Jobs Growth

jobs-want-ads-magnifying-glass

A tepid December jobs report tops off a tepid year.

Paul Ryan Breaks With Trump On International Trade Policies

Donald Trump Paul Ryan

In a break with President-Elect Trump, Speaker of the House Paul Ryan said Congress would block any effort to increase tariffs.

Government Reports Strong Economic Growth In Third Quarter, But It’s Unlikely To Last

Economy Heartbeat

The economy grew strongly in the third quarter of the year, but it doesn’t seem likely to last.

As Expected, Federal Reserve Raises Interest Rates For Second Time In Ten Years

Federal Reserve Building

The Federal Reserve Board raised interest rates for only the second time in a decade, but it still seems like it’s chasing an inflation monster that doesn’t exist.

Solid November Jobs Growth Seems To Guarantee Higher Interest Rates In December

Federal Reserve Building

Another month of solid but not spectacular jobs growth seems to guarantee that the Federal Reserve will increase interest rates this month.

Donald Trump: Establishment Candidate

Trump And GOP Elephant

On Tuesday night the Establishment won and won yuge. (From new OTB contributor, Michael Bailey)

October Jobs Report Shows Resilient Jobs Growth

jobs-want-ads-magnifying-glass

Another month of resilient, but not noteworthy, jobs growth.

Initial G.D.P. Reports Show Stronger Growth In The Summer

Economy Heartbeat

Initial reports for the third quarter show strong economic growth during the summer;

September Jobs Report Reveals A Resilient, But Not Strong, Economy

jobs-want-ads-magnifying-glass

The September Jobs Report continues to show an economy that is growing to some degree, but hardly growing as fast as it should be.

Vice-Presidential Debate Draws Lowest Viewership Since 2000

pence-kaine-debate

Tuesday night’s running mate debate had lower viewership than any such encounter in sixteen years.

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.

nfl-logo

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 […]

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