Monthly Archives: August 2011

The Fed’s “inflation hawks” are winning, to the detriment of the larger US economy

American consumers are busy deleveraging. Too many people owe too much money, and they are busy paying down old debt rather than buying new things. This is salutary in many ways. But it’s also the biggest drag on the American economy … Continue reading

Posted in Economic policy, Economics, Finance, Financial markets, News, Politics | 2 Comments

Federal court confirms a First Amendment right to videotape police carrying out their duties in public

To the paranoid among us, it sometimes seems that government is trying too hard to harness technology as a force for controlling the citizenry, rather than the other way around. Video surveillance has long been commonplace in public buildings and … Continue reading

Posted in Constitution, Law, News, Photography, Privacy, Science and technology | 1 Comment

Photograph: Convent in Spain

Posted in Art, Photography | Leave a comment

Slang baby boomers can use while “texting”

The New Yorker suggests saving time on the phone by using the following abbreviations while “texting:” TXT L8R = Can’t find reading glasses WWIS = What was I saying? IV-NV = My kid’s going to big-name college, neighbors jealous JDTV? = … Continue reading

Posted in Culture, Humor, Science and technology | 1 Comment

Interest rates on U.S. government borrowing still negative — the policy implications are clear: more fiscal stimulus NOW.

Economist Matt Yglesias this afternoon: The “real” (i.e., inflation adjusted) yields on 5 and 7 year Treasury bonds continue to be in negative territory. This is an extraordinary situation that ought to be dominating the public debate. What does it … Continue reading

Posted in Economic policy, Economics, Finance, Financial markets, News, Politics | Leave a comment

Colin Powell suggests not buying Dick Cheney’s new book

On Face the Nation this morning, Colin Powell, former Secretary of State for George W. Bush, was less than complimentary of his former colleague, Vice President Dick Cheney, who has been using incendiary language (“heads will be exploding all over … Continue reading

Posted in News, Politics, Writing | Leave a comment

Joblessness: the most relevant data show it’s getting worse instead of better

I am fortunate to be in no immediate danger of losing my career. I suspect that’s true of many readers. It’s easy from these lofty perches to wonder what’s so urgent. Things are getting better, after all, aren’t they? Well no, … Continue reading

Posted in Economics, Finance, Income inequality, News, Politics | Leave a comment