Robert Samuelson’s Cellphone Standard of Living
Created by: http://feeds.feedburner.com/beat_the_press Robert Samuelson invokes the cellphone standard of living in his column today which complains about the Obama administration’s adoption of a new measure of poverty as an alternative to the official standard. The administration will use both. Samuelson argues that we have failed to pick up all the gains for the poor [...]
Read MoreSerious Discussions of Inflation at the NYT
Created by: http://feeds.feedburner.com/beat_the_press The NYT asks the right questions in this piece on the European Central Bank’s (ECB) policies. The ECB continues to insist that its main job is fighting inflation even though there is no inflation in sight. As the article points out, deflation is likely to pose the bigger risk for the immediate [...]
Read MoreBP Robots to Cut Damaged Pipe; Oil Dispersant Maker Says ‘We Have Nothing to Hide’; Oil Déjà Vu
Created by: http://feeds2.feedburner.com/MishsGlobalEconomicTrendAnalysis With Top Kill officially dead, BP has moved on to an option involving underwater robots to cut the pipe, followed by another funneling scheme. Please consider BP’s Robots to Begin Next Attempt to Curb Record Oil Spill BP Plc will use undersea robots to begin cutting damaged pipe from its leaking oil [...]
Read MoreSunday Funnies 2010-05-30 Public Union Benefits; Title Loans – No Title Required
Created by: http://feeds2.feedburner.com/MishsGlobalEconomicTrendAnalysis The above in response to Padded Pensions and What to do About Them It’s what the system promised, said Mr. Tassone, now 47, adding that he did nothing wrong by adding lots of overtime to his base pay shortly before retiring. “I don’t understand how the working guy that held up their [...]
Read MoreImpact of the ROK’s May 24 economic sanctions against the DPRK
Created by: http://feeds.feedburner.com/NorthKoreanEconomyWatch?format=xml Institute for Far Eastern Studies (IFES) NK Brief No. 10-05-27-1 5/27/2010 On May 24, the South Korean government announced, in response to the Cheonan incident, the cessation of inter-Korean exchanges and other sanctions against Pyongyang. These measures will directly impact the North, costing it 250~300 million USD. According to the Ministry of [...]
Read MoreThe NLL and the DPRK alternative
Created by: http://feeds.feedburner.com/NorthKoreanEconomyWatch?format=xml We frequently see maps of the Northern Limit Line (NLL), the defacto and disputed maritime border that separates the two Koreas in the West Sea. Recently a friend emailed me a map of the DPRK’s desired alternative maritime border–something I had never seen. I have mapped out both borders in the image below. [...]
Read MoreFrance Worries About AAA Rating; UK Economists Urge Greece to Abandon Euro; Spanish Prime Minister Losing Support; Japan’s Industrial Output Weakens
Created by: http://feeds2.feedburner.com/MishsGlobalEconomicTrendAnalysis Inquiring minds might be interested in an international roundup for Memorial Day. Let’s take a look at top stories about France, Germany, Greece, the EU, Spain, and Japan. French Finance Minister Says “Keeping AAA Rating a Stretch” As Eurozone trade unions prepare to battle over various austerity programs, the French budget minister [...]
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