All of the economic projections for the proposed tax cut are wrong, and wrong to the optimistic side

We noted, just prior to the election, that the United States has gone a rather long time since the last recession. The ‘Great Recession’ technically ended after the second quarter of 2009, though the persistence of high unemployment and the very slow growth rates of the economy certainly made it feel like it was still …

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It wasn’t an empty threat

Well, they were warned: DNAinfo and Gothamist have shut down just days after unionizing November 2, 2017 | 5:22 PM Every single article from local news sites DNAinfo and Gothamist–including all of their subsidiary sites–has been taken down and replaced with a message from their owner, Joe Ricketts, informing the public that both companies are …

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The last thing they should do! Will Congress foul up retirement savings plans to pay for a tax cut?

From The Wall Street Journal: Talk of Retirement-Savings Cap Rattles Financial Industry GOP lawmakers are looking for ways to generate revenue to support broad reductions in individual tax rates By Anne Tergesen and Richard Rubin | October 20, 2017 | 7:00 a.m. ET Proposals floating around Washington to cap the amount that Americans can contribute …

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Where Amazon should locate their new headquarters

From The New York Times: Dear Amazon, We Picked Your New Headquarters for You By Emily Badger, Qouctrung Bui and Claire Cain Miller | September 9, 2017 Amazon has set off a scrum among cities that are hoping to land the company’s second headquarters — with the winner getting the prize of a $5 billion …

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Economics 101: Raising the debt ceiling does not matter; the federal government cannot run out of money! Unconventional thinking

From The Washington Post: Trump didn’t solve the debt ceiling crisis. He just delayed it By Heather Long | September 6, 2017 |  4:46 PM EDT John Chambers thought of himself as a quiet, nerdy guy until he started receiving death threats in 2011. The next thing he knew, his Gmail account was hacked and …

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The August jobs report

From The Washington Post: Job growth slumps in August By Danielle Paquette | September 1 at 8:31 AM Job growth lagged in August, with the economy adding a lower-than-projected 156,000 jobs and the unemployment rate ticking up slightly to 4.4 percent. Average hourly wages rose 3 cents last month to $26.39, up 2.5 percent from …

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As long as we allow able-bodied people to survive without working, we will never solve our economic and entitlements problems 2 Thessalonians 3:10: “For even when we were with you, this we commanded you, that if any would not work, neither should he eat.”

Gotta give credit to my tweep! A Wisconsin factory just “hired” a bunch of robots. The company claims it couldn’t find good workers https://t.co/LkA13rVeCR @chicoharlan — Heather Long (@byHeatherLong) August 6, 2017 And the article: Rise of the machines By Chico Harlan1 | @chicoharlan | August 5 at 6:00 PM The workers of the first …

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Schadenfreude! Salon can’t pay its bills I wonder if @AmandaMarcotte is getting paid?

From the New York Post: Salon struggling to pay its rent By Keith J. Kelly | August 3, 2017 | 10:0 PM Salon, the struggling digital publisher, is having trouble paying its rent. A landlord who late last year evicted Salon from its New York offices for nonpayment of $90,000 in back rent is now …

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The lost decade

From The Washington Post’s Wonkblog: U.S. job growth surges in July By Ana Swanson | August 4 at 8:34 AM The U.S. economy added 209,000 jobs in July, according to government data released Friday morning, surpassing economists’ expectations and suggesting the economy continues to thrive after an extended streak of job gains in recent years. …

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Another coal company start-up The IPO thanks President Trump for the opportunity

From CNNMoney: Coal mining company mentions Trump 13 times in IPO filing by Matt Egan | @mattmegan5 | August 1, 2017: 6:23 AM ET Alpha Natural Resources filed for bankruptcy two years ago when the American coal industry went into free fall. Now a revamped version of the coal mining company is planning to go …

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