The Fed says that “full employment . . . means every worker looking for a job can find one” Lies, damned lies, and statistics

From The Wall Street Journal: ‘Still a Question Mark’ Around Full Employment, Fed’s Brainard Says Too soon to declare victory on labor market’s recovery from recession despite recent improvements, Fed Governor Brainard says By David Harrison | Updated May 22, 2017 9:17 p.m. ET It is too soon to declare victory on the labor market’s …

Continue reading ‘The Fed says that “full employment . . . means every worker looking for a job can find one” Lies, damned lies, and statistics’ »

Ford replaces CEO Mark Fields

From The Wall Street Journal: Ford Replaces CEO Mark Fields With Jim Hackett Amid Pressure on Profit Move comes amid a significant decline in share-price value during CEO’s three-year tenure By John D. Stoll, Christina Rogers and Joann S. Lubin | Updated May 22, 2017 9:32 a.m. ET Looking to combat Silicon Valley’s abrupt push …

Continue reading ‘Ford replaces CEO Mark Fields’ »

New manufacturing in the United States

From The Wall Street Journal: The Mill That Right-to-Work Built An entrepreneur is bringing manufacturing jobs back to Kentucky—without protectionism. By Allysia Finley | May 19, 2017 7:01 p.m. ET In April the CEO of Braidy Industries, Craig Bouchard, announced his company would build a $1.3 billion aluminum mill in Ashland, Ky., creating 550 jobs. …

Continue reading ‘New manufacturing in the United States’ »

Jefferson Beauregard Sessions III wastes the taxpayers’ dollars

The New York Times tweeted: A Mississippi man was sentenced to 49 years in prison for killing his transgender former girlfriend https://t.co/94prZNXcqc — The New York Times (@nytimes) May 16, 2017 And the story: U.S. Hate Crime Law Punishes Transgender Woman’s Killer, in a First By Liam Stack | May 16, 2017 A Mississippi man …

Continue reading ‘Jefferson Beauregard Sessions III wastes the taxpayers’ dollars’ »

The big story, drowned out by the firing of James Comey

From The Chicago Tribune: Aetna says it won’t participate in any Obamacare exchanges by Tom Murphy | Associated Press | May 11, 2017 | 7:53 AM While Republicans rewrite the Affordable Care Act in Washington, the immediate future of the law has grown hazier with the nation’s third-largest health insurer saying that it will completely …

Continue reading ‘The big story, drowned out by the firing of James Comey’ »

ObamacareLite 2.0

With the bare passage of the American Health Care Act, 217-213 in the House of Representatives, I won’t be too surprised that most people will miss the fact that, as we have noted before, the Affordable Care Act, nicknamed Obamacare, is already failing: Aetna pulls out of Virginia’s individual market, citing big Obamacare losses by …

Continue reading ‘ObamacareLite 2.0’ »

Finding jobs for America’s ‘forgotten people’

From CNNMoney: Trump’s tall task: Finding jobs for America’s ‘forgotten people’ by Heather Long | @byHeatherLong | May 3, 2017: 11:13 AM ET President Trump has had one consistent theme from the first day he entered the race for the White House: “Jobs, jobs, jobs.” He thinks a lot of Americans urgently need work. That’s …

Continue reading ‘Finding jobs for America’s ‘forgotten people’’ »

Why can’t the Fed ever get anything right?

If the Fed had a better record of getting these things right, I’d be more impressed with that statement. https://t.co/RjbyuVu8ID — Dana Pico (@Dana_TFSJ) May 3, 2017 From CNNMoney: No Fed rate hike; but officials see more ahead by Patrick Gillespie | May 3, 2017: 2:14 PM ET Federal Reserve leaders chose not to raise …

Continue reading ‘Why can’t the Fed ever get anything right?’ »

Simplifying taxes

From The Washington Post One tax change that should be made — and certainly won’t be By George F. Will | Opinion writer | April 28, 2017 Attempting comprehensive tax reform is like trying to tug many bones from the clamped jaws of many mastiffs. Every provision of the code — now approaching 4 million …

Continue reading ‘Simplifying taxes’ »

The Democrats want us to take the same path as France

From CNNMoney: France is the weakest of Europe’s big 3 economies by Ivana Kottasová | April 23, 2017: 9:34 PM ET France is stuck in a major rut. Europe’s third biggest economy has suffered years of anemic growth, high unemployment and budget deficits, while neighbors such as Germany and the U.K. have enjoyed a stronger …

Continue reading ‘The Democrats want us to take the same path as France’ »