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Real Hourly Earnings Dropped 18 Feb 2011 | 06:00 am
Not so touted as the inflation number, today the Bureau of Labor Statistics (BLS) also released its report on real earnings and wages. The results were not definitive of anything—but they weren’t enc...
CPI Up 0.4% 18 Feb 2011 | 04:00 am
The Bureau of Labor Statistics (BLS) is reporting this morning that the Consumer Price Index (CPI) rose 0.4% during the month of January. For the year-to-year January 2010 through January 2011, CPI wa...
NOON CARTOON: A Paul Krugman Template 17 Feb 2011 | 06:00 am
Ripped off wholesale from the Economics of Contempt blog: A Paul Krugman Post [Template] I'm troubled by this statement from Obama: "[Insert extremely broad, generic presidential statement about th...
IBG, YBG 17 Feb 2011 | 04:00 am
The New York Times is carrying the first on-the-record interview of Bernie Madoff since being jailed. Madoff—he of the famed multi-billion dollar Ponzi scheme—said something ved interestink about the...
UK Inflation Up, UK Unemployment UP—UK Interest Rates Flat 17 Feb 2011 | 03:00 am
We have worries of the UK: Inflation is up, unemployment is up, and Mervyn King just announced that interest rates will remain steady. About UK unemployment, Bloomberg is reporting this morning: U.K...
NOON CARTOON: Jeffrey Sachs Interview 16 Feb 2011 | 06:00 am
A really fascinating interview with Jeffrey Sachs, who basically says what everyone knows, but which the mainstream media does not report: That both the Democrats and the Republicans are in the back p...
Why Are Capital Requirements Hated By Banks? 16 Feb 2011 | 03:00 am
Because they lower profitability—and therefore bonuses. Substantially. Even the weak-kneed Basel requirements are having an effect, according to Bloomberg: By cutting Credit Suisse Group AG’s profit...
Big Silvio in Real Trouble? 16 Feb 2011 | 02:00 am
The AP story was short and stark, serious like a heart attack: An Italian judge has ordered Premier Silvio Berlusconi to stand trial on charges he paid for sex with a 17-year-old girl and then tried ...
Inflation Rises in the UK and China—Oh My! 16 Feb 2011 | 01:00 am
The BBC is reporting this morning the rise in UK inflation: The UK Consumer Prices Index (CPI) annual inflation rate rose to 4% in January, up from 3.7% in December, as the effects of the VAT rise we...
Apple Unveiling Cheaper iPhone 15 Feb 2011 | 03:00 am
Confirmation is coming from various sources that Apple will be unveiling a new, smaller, cheaper iPhone. iPhone 3G, and mock-up of smaller iPhone. The rumor had been in the works for months, but lat...
