A job listing on Bloomberg — this is too funny!
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Hat tip Stephen H
Steve Waldman has been doing a spectacularly good job of teasing out the moral and financial implications of homeowners walking away from their mortgage obligations, and delivers another great post today:
I think that underwater homeowners ought to walk away from their loans for the very same reason McArdle [...]
Charles Lane of the Washington Post(!!) writes:
Here's a thought: Instead of trying to "create" jobs by tweaking this tax break or increasing that spending program, why not stop doing things that destroy jobs?
First among his suggestions is to "End federal protectionism and price supports for sugar".
I support that 110%.
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Image: blue1987tail/Flickr
Bingo, energy buzzes, and butts characterize this week’s weird jobs. If that’s not your cup of tea, you can always spend four hours sitting on someone’s lap. $10 an hour, kid you not:
1. WA: Need someone to sit on lap
I [...]
Let me state this one more time with feeling -- while there may be macroeconomic problems, there are only microeconomic explanations and solutions. Aggregate variables do not interact with one another independent of the choices of individuals. And those choices are guided by the incentives actors face, and the [...]
And Brazilian president Luiz Lula da Silva told the joint session of negotiators how frustrated he was that the job was left to heads of state after talks ran into the wee hours Friday.
"I am not sure if such an angel or wise man will come down to this plenary [...]
1) A fall in wages increases the incentive to hire (call this the substitution effect) but it decreases the income of people who already have jobs and this in turn decreases their spending and other people’s income (call this the macro income effect). In essence, Krugman and others are arguing that the [...]
Yesterday CBO released a cost estimate for S. 1733, the Clean Energy Jobs and American Power Act .... This legislation would make a number of changes in energy and environmental policies largely aimed at reducing emissions of gases that contribute to global warming. The bill would limit or cap [...]
This evening at 7pm ET:1) Paul Krugman: Would cutting the minimum wage raise employment?:
Serious People (and Fox News) are rallying around the idea that if Obama really wants to create jobs, he should cut the minimum wage.... [R]educing wages would at best do nothing for employment; more likely it would actually [...]
... Tuesday, vice president Joe Biden offered his latest progress report on the stimulus package passed earlier this year. In a memo for the president, Mr. Biden said the clean-energy part of the stimulus plan—some $80 billion out of the $787 billion total—could help create more than 700,000 jobs [...]
I urge everyone to Go Read Garth. And then you will understand that Economics is The Science of Supporting the Status Quo and Stifling Innovation, as Steve Jobs (h/t Patrick) noted several days ago.
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State transportation officials say Monday was a good day for crews working to remove a huge rock slide from Interstate 40, and the job of hauling rocks away from the site could begin today or Wednesday.
But there is still no change in the longterm forecast of when [...]
What defined business in 2009? Bankers and bailouts, for one. The proliferation of social media. A radical shift in the ways we find and accept jobs. A redefinition of the real estate, credit, and media markets.
In a word, 2009 was full of fluctuations. And nobody covered, commented [...]
For students wondering where the depression-resistant, high-paying jobs are, the USA Today reports that the percentage of federal government workers making over $100,000 per year increased from 15% to 19% during the current downturn's first year and a half.
"The growth in six-figure salaries has pushed the average federal" [...]
I came across this video interview of economist Sandy Ikeda by the Mackinac Center. Sandy currently blogs at thinkmarkets and has contributed guest posts to Market Urbanism. I thought Sandy did a great job discussing many of the topics we cover in this site. Sandy is particularly [...]
