At least, I think that’s the stealth argument he’s making: (h/t: Memeorandum) That data starkly backs up Ghilarducci’s contention. According to the Employee Benefit Research Institute, for instance, only 22 percent of workers 55 or older have more than $250,000 put away for retirement. Stunningly, 60 percent of workers in that same age bracket have… Read More Joe Nocera: You’re Too Stupid to Handle Your Money
It turns out, that’s what’s happening (h/t Instapundit): The Labor Department defines full-time as 35 hours a week or more, and the “or more” is far more likely to refer to male workers than to female ones. According to the department, almost 55% of workers logging more than 35 hours a week are men. In… Read More Equal Pay for Equal Work
All of this will be old news to anyone who’s read Jonah Goldberg’s Liberal Fascism, but he once more takes up the cudgel to defend Gilded Age businessmen from the charge of “Social Darwinism.” (h/t Instapundit) In the first place, Herbert Spencer wasn’t much of a Social Darwinist: The truth of the matter, as aggrieved libertarians have… Read More Social Darwinism: The Movement That Wasn’t There
Deregulation, the first winding down of the New Deal edifice, began in 1978 under the Carter administration. The 1980’s military build-up began under Carter as well. The issue in the 1980 election was not whether we would have a less intrusive government, whether we would have a more robust foreign policy, but how much and… Read More We’re All Supply-Siders Now
…writing the editorial that proggies can compose in a somnambulistic state by now (h/t: Protein Wisdom). Let’s call out the steps, shall we? Step 1: Racial Progress has been made since 1963. Step 2: Black People have stagnated since those dirty Republicans started disagreeing with us effectively. Step 3: Income Inequality! Step 4: ?????????? Step… Read More Paul Krugman Phones it In…
Jobs were added in December. They decreased in January. Our Salvation seems to be late. Unexpectedly.
They don’t call it the Stupid Party for nothing. I have never understood why any GOP legislator would lift a finger to help the MPAA or the RIAA do anything. It’s like handing your enemies ammunition just because everyone has a right to it. What is wrong with these idiots? Why on earth would they authorize… Read More SOPA: A Bill So Bad, GOP Congressmen Have to Co-Sponsor it
So CNBC labors to pimp the latest employment numbers. (h/t: Memeorandum) Private-sector jobs surged by 325,000, according to ADP and Macroeconomic Advisors, while the government said weekly jobless claims fell 15,000 to 372,000 — still at an elevated level but consistent with recent data showing a consistent if grudging turnaround. However: But December 2010 also… Read More The Economy Bleeds More Slowly
Crises, as yesterday’s Dynastic Cycle chart (which is every Dynastic Cycle chart you looked at in school) shows, tends to happen all at once. So the rebellion in Wukan coincides with the collapse of China’s credit markets, with the stock markets following close behind. Chinese stocks are flashing warning signs. The Shanghai index has fallen… Read More China: The Thing About Crises
P.J. O’Rourke, right as usual. (h/t Instapundit) But the Occupiers are wrong about something much more important. They believe in the Zero Sum Fallacy — the idea that there is a fixed amount of the good things in life. Anything I get, I’m taking from you. If I have too many slices of pizza, you… Read More The 99% Demonstrate the Zero Sum Fallacy.
Content Blues 