Yves here. Bad enough having to worry about offshoring eating into your employment prospects and compensation level. Alan Blinder, in Senate testimony in 2007, had argued that up to 29% of US jobs were “offshorable,” including many service industry positions. And now this….
Read more...James Galbraith is a particularly effective communicator for an economist, so I thought readers would enjoy seeing him on the RT show Boom & Bust (although the theme song strikes me as designed to generate a headache).
Read more...One of the few saving graces is that the health insurers’ scheme to enrich themselves known as Obamacare may be going pear-shaped from the standpoint of their profits.
Read more...Why the real constraint on energy production isn’t the availability of resources, but the cost of developing them, and how these neglected investment constraints have big ramifications for “peak energy” and economic growth generally.
Read more...I very much enjoyed this chat on why banker are able to extract such extortionate pay so much and hope you do as well (as in the talk, not the underlying fact set).
Read more...After the last few years of strong sales growth, the US auto industry may be headed for a world of hurt. If that happens, the US economy would suffer too.
Read more...Both the IMF and the ECB call for “structural reforms” which are code for further weakening labor protection as beneficial to “competitiveness” and job creation. Does this claim stand up to scrutiny?
Read more...Wikileaks has thrown yet another wrench in the negotiations over the sellout-to-multinationals-masquerading-as-trade-deal otherwise called the Trans-Pacific Partnership.
Read more...Since I give Elizabeth Warren a hard time when she pulls her punches, I am remiss in not giving a thumb’s up to her proposed Equal Employment for All Act, which would bar the use of credit reports in most hiring decisions.
Read more...Yves here. While this article may seem a bit far afield for this website, it illustrates how political considerations influence science and medicine, two fields we have been indoctrinated to view as relatively free of corporate and ideological influences.
Read more...Over the past year or so there seems to have been far more train derailments of cars carrying crude oil that have resulted in huge, deadly explosions, and it is not a coincidence that the oil in these explosions originated from the Bakken shale formation in North Dakota.
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