Sunday, April 20, 2014

All Day Long

4-20 All day, baby...all day long.


Burn it if you got it.

Tuesday, April 15, 2014

The Chase Is On

Chase Elliott is on the move. As much as I scorn Nascar and the Frances, I am glad to see this young mans success.


Nationwide Series rookie Chase Elliott (center) poses in Victory Lane at Darlington with his parents Cindy and Bill Elliott, the 1988 Sprint Cup champion.  


A Really, Really Bad Idea

From to-days Washington Post, an article by Josh Hicks at The Federal Eye:


Should the IRS use private firms to collect taxes?


Monday, April 14, 2014

Where the Money Comes From


Looks like most of it comes from Mr. & Ms. Joe Six Pack


The-Numbers-Jan-2012-Fig1

Where the Money Goes






Why Americans Still Feel Poor

We Have Empty Socks



Wages are improving but our housing wealth is well below historic trend. Not surprising to have a demand constrained economy when folks feel poorer. To avoid housing bubbles it appears compensation must grow slightly faster than the value of our housing stock.

Thursday, April 10, 2014

Let Us Please Not Kill the Messenger

We asked her to do what?

Sebelius

This lady was tasked with an almost impossible job, by the President and the Congress. She did a splendid job, dealing with the obvious and the unforeseen. 

From USA Today:
WASHINGTON -- In the end, Kathleen Sebelius was able to resign as secretary of Health and Human Services during a high point, when the administration had just announced that 7.5 million Americans had signed up for insurance through the Affordable Care Act exchanges.
But that moment came only after six months of battering and blame over the botched roll-out of the healthcare.gov website. The enduring image of her five-year tenure as head of the huge agency is likely to be as the silver-haired woman sitting alone at a congressional hearing table, peering over reading glasses as she faced what often seemed to be an inquisition.

Some times Americans are just stupid.

Tuesday, April 8, 2014

Oh the Fed, the Fed...Proving the Sun Shines When It Is Light Outside

This is an amazing piece of wasted wonkiness from: 

FEDERAL RESERVE BANK
OF SAN FRANCISCO


David Neumark and Patrick Button

The Great Recession led to large increases in unemployment rates and unemployment durations for workers of all ages, but durations rose far more for older workers than for younger workers. This difference was apparent both during and after the recession, fueling speculation that age discrimination played a role. Research indicates that in states with stronger age discrimination protections, older-worker unemployment durations increased more relative to increases for younger workers. This suggests that state age discrimination laws may need to be modified to strengthen protections during downturns. 

Conclusion and interpretationThese results provide very little evidence that stronger state age discrimination protections helped older workers weather the Great Recession. In fact, the opposite may have occurred, with older workers bearing more of the brunt of the Great Recession in states with stronger age discrimination protections.

Hiring older workers=increased risk, so hiring them will be a marginal decision. This consigns older workers (as well as any demographic group that could potentially pose increased risk) to the back of the bus. Just not new news.