Working Life

   One of the reasons to get the stimulus package through Congress very fast–without tax cuts, I might add–is this, from The Wall Street Journal: U.S. consumer prices barely rose last year by their slowest pace in over a half century, a government report showed, a stunning turn just a few months after inflation hit […]

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   A couple of weeks ago, I noted that corporations were now beginning to think that China, with its rising prices and increasing wages (relatively speaking), wasn’t cheap enough. And, so, comes another report via Reuters: The result is higher prices at U.S. stores like Wal-Mart and Target that have increasingly filled their shelves with […]

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    I know…the faithful readers were wondering "where is our morning blog?" Well, it is the afternoon but your busy dude here has been…well, busy–panel in the morning and, then, there was lunch…but I digress…    Yesterday, there was a fascinating column in The New York Times–fascinating in showing out truly out of touch the […]

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    Unless you plan on buying the winning ticket in Friday’s $270 million mega-millions jackpot, you, and probably most people in the country, will continue to be on the front-lines of the economic quakes ahead. Every time I write about the economic nastiness brewing, I always say this: for most Americans, it’s been bad times […]

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    Unless you plan on buying the winning ticket in Friday’s $270 million mega-millions jackpot, you, and probably most people in the country, will continue to be on the front-lines of the economic quakes ahead. Every time I write about the economic nastiness brewing, I always say this: for most Americans, it’s been bad times […]

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    One of the things that is amusing to me is the way the mainstream media is perplexed by how Americans think about the economy. Today’s Wall Street Journal gives a classic example: Americans are feeling decidedly sour about the economy and those in charge of it, fueling Democratic efforts to target business interests in […]

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I’ve never liked government statistics that claim to measure the economy–particularly the Gross Domestic Product. GDP only tells you that stuff is being made–not who truly benefits from the growth in GDP. But, it is worth noting yesterday’s news, from The New York Times, that not only is economic growth slower but, more important, for […]

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