Tuesday, March 18, 2014

The House Has the Edge

I borrowed this graph from Jared Bernstein over at his On The Economy blog:

whosecon

There is definitely some correlation with this graph from  Atif Mian and Amir Sufi at House of Debt:

ch1_20140317_1
Somebody got screwed...big time.

Not Just Another Graph

From Atif Mian and Amir Sufi at House of Debt via Mark Thoma:

"If you must know only one fact about the U.S. economy, it should be this chart:"


ch1_20140317_1

This is actually an offensive situation. There are millions of working folks that could have pointed this out to the pointy heads economists years ago. Now it is all the rage to doctor the patient after she has died. Yup. The fire department saved that foundation.

Sunday, March 16, 2014

Joe Stiglitz Is One Smart Feller

From Dr. Joe on the TPP...

"And this brings me to the second point that I have repeatedly emphasized: Trickle-down economics is a myth."

 

Like A Snowball Headed For Hell...

Paul Krugman explains the price of success, for some.




The Wages of Men


For reference: Here are changes in hourly real wages of men, 1973-2012, at different percentiles of the wage distribution, calculated from Census data by the Economic Policy Institute. As you can see, wages have fallen for 60 percent of men.

Saturday, March 15, 2014

Listen Up, Y'all

From Yaleworldfellows:

OPPOSITION LEADER AT RISK




One of our World Fellows, Carlos Vecchio, is at risk in Venezuela.
Carlos is National Political Coordinator of the Venezuelan opposition party Voluntad Popular (VP). He’s senior deputy to Leopoldo López, who was taken into custody on February 18, 2014 after a week of national protests and demonstrations (many led by VP members), followed by government raids on VP’s political offices. Some serious charges have been leveled against Carlos there is a warrant out for his arrest. With López’s detention, Carlos now serves as the de facto leader of the VP party: this makes him a likely government target. 
We are deeply concerned for Carlos’ safety: he is currently in hiding in Venezuela with limited access to communication. Unlike López, he is not an internationally recognizable figure - media outlets outside of Venezuela have yet to report on his situation. Amnesty International and Human Rights Watch have released alerts specifically naming Carlos as a government target. The Yale Politic and Yale Alumni Magazine have also written about Carlos’ situation. 
But we worry that his relative anonymity will allow government forces the space and ability to do whatever they will without fear of international repercussion. 
While at Yale, Carlos Vecchio spoke passionately about his tireless efforts to promote democracy in Venezuela: his enthusiasm and depth of knowledge were infectious. He reached across campus to students, faculty and other Fellows – many of whom have rallied around him in this time of crisis – with his pure love of country and genuine respect for democratic ideals.  In Venezuela, Carlos a well-loved political figure and an inspiration to young people across the country. 
This is Carlos at a rally in Venezuela in December, just after he left Yale: 
Please join our efforts to raise global awareness of Carlos’ situation, and support our call for his safety. Along with Yale World Fellows Henrique Salas-Romer (who is helping us from New Haven) and Maria Corina Machado, he has sacrificed much and placed himself and family at great risk to help Venezuela achieve democratic reform.
Maria Corina Machado (a member of the Venezuelan National Assembly and also an opposition leader) has also been vocal throughout the protests. She joined Al Jazeera to discuss the continued protests against the Venezuelan government.
For more information and updates on the situation as we have them, please refer to the list of links and contacts below. Please help us spread the word by sharing this page and other links. We will continue to update this page as we receive news. 

Also, see what Leslie Bull has to say at the Next New Deal:

"Given the recent revolutionary events in Ukraine, it is understandable that much of American media attention on foreign politics is concentrated on that country, and that country alone. But it is important to remember that our myopic focus on just one world event at a time comes with a price: sometimes the other crises in the world that go ignored are actually made even worse because of it. We sometimes forget the power that just paying attention to a crisis can have – without it, those perpetrating the crimes can rest assured that the international community’s eye is elsewhere, and can behave with impunity. In the case of the current unrest in Venezuela, the price of that apathy might just be my friend’s life."

Friday, March 7, 2014

It All Makes Sense, Now

From CBS News:

Tampa family sickened by LSD-tainted beef

J. Scott Applewhite, 

TAMPA, Fla. -- A Tampa Police investigation is underway Friday after an entire family, including a pregnant woman and two young children, were hospitalized as a result of eating LSD-laced meat, reports CBS Affililate WTSP in Tampa.
According to reports, it all began Monday night when 24-year-old Ronnie Morales complained he felt sick after eating dinner.
Morales' girlfriend, 31-year-old Jessica Rosado drove him to St. Joseph's Hospital, but it wasn't long before she too, fell ill. Roasado, who was nine-months pregnant, was rushed to St. Joseph's Women's Hospital, where they safely delivered her baby.
The situation worsened as Rosado's young daughters, ages 7 and 6, also got sick and reportedly began hallucinating.
After being treated, Morales and both children were released from the hospital Wednesday, followed by Rosado and her healthy baby boy on Thursday.
It wasn't clear what caused the mysterious illness until Friday, when officials say they received test results from the medical examiner that pointed to LSD as the meat's contaminant.
Tampa Police are now investigating how LSD could have been in the meat, but Chief Castor did said they know the family is not at fault.
The meat was purchased at a Walmart located at 1501 North Dale Mabry Highway in Tampa. The store has since removed the specific type of meat from their shelves, and released the following statement in regard to the incident:
"Like everyone else in the community, we are deeply disturbed about this situation and we are taking it very seriously. We want answers and we're committed to working with officials to get to the bottom of this.
We know our customers expect safe, quality food and we require our suppliers to meet the highest of food safety standards. It's unclear where and how the food was tampered with or if the tampering occurred after purchase. However, out of an abundance of caution, we have pulled the remaining product from the store.
We have been in touch with our supplier and they tell us they have no reports of similar incidents. We are also reviewing our store's surveillance video to see if we can find any information that might assist in the investigation. At this point, we're not aware of any suspicious activity."
Walmart spokesperson Dianna Gee told CBS News the meat was thin-cut bottom round steak made by a supplier, Cargill.
Cargill told CBS News they have been alerted to the situation and will cooperate with any investigation.