Nine Year Olds, Uzis, and Gun Nuts—a Volatile Mixture: It’s Troll Friday

If you want more Bullets with your Burgers, you might want to skip this week’s blog. Yep, it is Troll Friday. Child firing Uzi at Ariz. shooting range accidentally kills instructor, police say. http://www.cnn.com/2014/08/26/us/arizona-girl-fatal-shooting-accident/. Well, accidents happen. You cannot prevent all of them. Some slip through and someone dies. Kids will be kids. You give […]

12th International Post-Keynesian Conference

There is still time to register for our upcoming Post Keynesian conference at the University of Missouri-Kansas City. Unfortunately, the program is full so we cannot accept paper proposals. However, there is still space for participants. The registration is cheap, and includes all dinners and special events, some of which are listed below. For more […]

Is the U.S. Stock Market Rally Built on Solid Ground?

The S&P 500 briefly traded above 2000 yesterday for the first time. The all-time high inspired some analysts to announce (not necessarily for the first time) that the stock market was in bubble territory. But there’s a reason for the bull market: economic growth. We can debate if the growth is sustainable or even genuine–some say it’s […]

Back to School—And to Widening Inequality

American kids are getting ready to head back to school. But the schools they’re heading back to differ dramatically by family income. Which helps explain the growing achievement gap between lower and higher-income children. Thirty years ago, the average gap on SAT-type tests between children of families in the richest 10 percent and bottom 10 percent […]

Comparing Labor Costs per Employee Across Countries

It almost seems surreal.  The major central banks seem to agree that wages need to rise.  Usually, to the extent central banks address the issue, they traditionally have cautioned against large pay increases.  And is so doing, reveal their underlying pro-business agenda.  Why should it matter to a central bank how the productivity gains are divided […]

Stuck in the Middle With Merkel? Upcoming German State Elections

German politics will become more interesting starting this weekend.  On Sunday, the largest state in the former East Germany, Saxony will hold its local election.  The key issue is how does the anti-euro Alternative for Germany (AfD) do. In May, much to the chagrin of Chancellor Merkel, the AfD garnered enough vote to secure representation in […]

3 Things a Deal With Iran Would Likely Include

By Jofi Joseph: In mid-July, negotiators from the so-called P5+1 (the United States, United Kingdom, France, Germany, Russia, China and the European Union) reached a mutual agreement with Iran to extend an interim six-month agreement for another four months. The agreement extends concrete constraints on Iran’s nuclear program — in particular, a halt to Iran’s […]

U.S. Warms to Clean Energy

By Nick Cunningham: A review of monthly figures for new installations of electric power capacity in July shows that renewable energy is quickly becoming the energy source of choice in the U.S. New data from the Federal Energy Regulatory Commission (FERC) shows that 100 percent of new capacity installed in July came from renewable energy. For the […]

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