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Links 8/27/13 27 Aug 2013 | 01:00 pm
Obama source predicts Summers will be named Fed chief soon CNBC. So that’s what they consider a successful trial balloon, ay? This is just a power play, proof to the funders that nobody is beholden to...
Cathy O’Neil: College Ranking Models 27 Aug 2013 | 12:00 pm
By Cathy O’Neil, a data scientist. Cross posted from mathbabe Last week Obama began to make threats regarding a new college ranking system and its connection to federal funding. Here’s an excerpt of ...
David Dayen: Click-Bait Law Enforcement as Schneiderman Ignores Systemic Wall Street Fraud, Sues Trump University 27 Aug 2013 | 11:00 am
By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen The pitch-perfect parody of the year goes to The Onion for their editorial from CNN.co...
Why the US Economy Won’t Fully Recover 27 Aug 2013 | 09:23 am
Yves here. It almost seems quaint to think that someone (in reality, large swathes of the investor and orthodox economics community) thinks the US economy will someday bear a passing resemblance to it...
The US Wastes Enough Energy Each Year to Power the UK for Seven Years 27 Aug 2013 | 09:20 am
Yves here. Let me underscore that the source for this article is not a granola-head organization but the Lawrence Livermore National Laboratory, which is one of the US national labs, or more formally,...
Links 8/26/13 26 Aug 2013 | 01:00 pm
Obama’s New Education Proposal: Change, or Changed Subject? Matt Taibbi President Obama takes on the student debt bomb; meanwhile, the Gainful Employment Rule saga enters a 5th year Credit Slips Cal...
Stephanie Kelton: The Good Society: Lessons Not (Yet) Learned 26 Aug 2013 | 12:00 pm
By Stephanie Kelton, Associate Professor and Chair of the Department of Economics at the University of Missouri-Kansas City. Cross posted from New Economic Perspectives John Kenneth Galbriath’s book,...
David Dayen: Productivity Rose 7.7% Post-Great Recession; Workers Have Seen None of It 26 Aug 2013 | 11:00 am
By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen I’ve said this before in other venues, but this really is the chart that explains mode...
Fed’s Jackson Hole Participants to QE-Exit Whacked Emerging Economies: Drop Dead 26 Aug 2013 | 10:31 am
The latest Fed confab at Jackson Hole is demonstrating that central bankers were so keen to avoid taking much blame for the global financial crisis that they also failed to learn critical lessons from...
How Milton Friedman’s NAIRU Has Increased Inequality, Damaging Innovation and Growth 26 Aug 2013 | 09:08 am
Yves here. Advocates of Galtian “winner take all” markets frequently invoke both moralistic and efficiency-based arguments for more income inequality. The problem with their argument that “creators” s...
