J. Bradford DeLong's Blog, page 2238
August 4, 2010
40K Private-Sector Net Jobs in July?
On the feed from MA: "Private nonfarm payroll employment increased by 42,000 from June to July on a seasonally adjusted basis, according to the ADP National Employment Report™. This is close to consensus expectations of a 33,000 increase..."
August 3, 2010
links for 2010-08-03
Electric cars like Chevy's new Volt are too expensive today, but they won't be for long. - By Daniel Gross - Slate Magazine
Texan Tall Tales - Paul Krugman Blog - NYTimes.com
Phil Izzo: Second-Quarter Slowdown Likely Worse Than First...
Less to Expansionary Fiscal Policy than Meets the Eye...
From Paul Krugman:
Hey, Small Spender : What’s going on here? Basically, the Obama stimulus didn’t contain a lot of public works — and those works, such as they are, have only partially come on line. Meanwhile, aid to state and local governments wasn’t enough to prevent substantial cuts. So by this measure [of government purchases of goods and services:], government spending has gone nowhere.
Now, the picture looks a little different if you look at all government spending, a...
Absence of Evidence for the Pain Caucus Case
We are once again live at the *Economist* by invitation: http://www.economist.com/economics/by-invitation/guest-contributions/there_absence_evidence_expansionary_case">
There is an absence of evidence for the expansionary case
Brad DeLong our guest wrote on Aug 3rd 2010, 17:54 GMT
LONG ago Martin Feldstein, Andrew Abel, Olivier Blanchard, Thomas Sargent, Charles Kindleberger, and Barry Eichengreen taught me that what we did—what made us economists doing analysis rather than ideologues...
Looks Like the Northeast Passage Will Open This Week...
Henry Hudson, eat your heart out...
Bond Market Deficit Cheerleaders
Paul Krugman praises Stan Collender, and writes::
Bond Market Deficit Cheerleaders: Just to add a further point: the austerity now now now crowd poses as the sober voices warning governments not to ignore the dictates of all-powerful financial markets. But the signals from the financial markets don’t at all point to a need for early austerity. So what the austerity people are in effect saying is that they are smarter than bond investors — that they know what the bond market is going to...
Ryan Avent Winces at Tim Geithner
I confess I winced too. Ryan:
Political economy: Look on the bright side, please: THERE have been signs that the White House is shifting gears into election mode ahead of the November elections. President Obama has been more visible of late, and his comments have taken on a harder edge, pointing out the obstructionist policies of the Republican opposition and contrasting his achievements with those of the previous administration. But there remains a big problem for the president, and for...
August 2, 2010
links for 2010-08-02
Yes, the World Is Getting Warmer
Another all-time temperature record:
Jeff Masters: Weather Underground: At 4pm local time today in Moscow, Russia, the temperature surpassed 100°F for the first time in recorded history. The high temperature of 100.8°F (37.8°C) recorded at the Moscow Observatory, the official weather location for Moscow, beat Moscow's previous record of 99.5°F (37.5°C), set just three days ago, on July 26. Prior to 2010, Moscow's hottest temperature of all-time was 36.6°C (98.2°F), set in August, 1920...
Bill Clinton on Robert Byrd
Bill Clinton:
Bill Clinton: Byrd Spent 'Rest Of His Life' Making Up For KKK Association: Former President Bill Clinton referenced the late Sen. Robert Byrd's membership in the Ku Klux Klan as a young man during his eulogy for the longtime senator this afternoon in West Virginia. Clinton was the only speaker to reference this dark chapter of Byrd's history, which has been a topic of much discussion over the years. Many of Byrd's colleagues have said that Byrd learned from the...
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