Archive for August, 2006

Economic Stagnation

Wednesday, August 30th, 2006

I hate it when the headline writers try to be upbeat when the whole gist of the subsequent story is downbeat. The New York Times falls into that trap with today’s story about personal incomes: Census Reports Slight Increase in 2005 Incomes – New York Times
Now if you look quickly at the headline you’d… »

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Fed Slowing Economy

Tuesday, August 29th, 2006

Watch out everyone. The chances of recession have risen recently. Here’s the New York Times on the Fed minutes in which a slowdown was discussed:Fed Minutes Show Fears of Slowing Economy
The odds of a recession next year sometime have increased. The biggest source of danger is the over-extension of bad mortgage loans… »

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Rumsfeld is an Idiot

Tuesday, August 29th, 2006

Dear old Rummy. Remember him? He’s the one who sent us into Iraq undermanned, underplanned, and underarmored. Well he’s re-emerged as the hit man for the Bush regime’s last gasp at making us all scared. He says that we shouldn’t appease the “Islamofascists”. The New York Times has his commenst… »

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Rumsfeld is an Idiot

Tuesday, August 29th, 2006

Dear old Rummy. Remember him? He’s the one who sent us into Iraq undermanned, underplanned, and underarmored. Well he’s re-emerged as the hit man for the Bush regime’s last gasp at making us all scared. He says that we shouldn’t appease the “Islamofascists”. The New York Times has his commenst… »

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Budget Woes

Monday, August 28th, 2006

This analysis, by the Center on Budget and Policy Priorities, highlights the hole the Republicans have dug for us over the past few years: Budget Deterioration from 2000-2006
One of the Largest Ever
The deterioration in America’s budget is both startling and historically huge. Yet the public rarely focuses on it. The year on year… »

Posted in Economics, Politics | No Comments »

Where Have the Wages Gone?

Monday, August 28th, 2006

Well I am back from my summer break and what do I find? This depressing news in the New York Times: Real Wages Fail to Match a Rise in Productivity
Wages, as a percentage of the economy, have reached a lowpoint of 45.3% and have given back all the gains of the late 1990’s. … »

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Ah Kansas!

Wednesday, August 2nd, 2006

How strange it must be to live in Kansas. Their Board of Education seems to be in constant flux, and, more to the point does not seem to be focussed on education. The latest from the elections for the illustrious Kansas Board of Education is here at the New York Times; Evolution… »

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