OK, just before the end of the election day, it looks like my prediction was wrong.
Genuine prediction is an art rather than a science. Especially when the event whose outcome one is trying to predict is a one-shot affair ... more
According to AP reported Christopher Wills, the Senator said to his wife: ... more
Professor Krugman seems to have a penchant for self-serving starting points when showing graphs ... more
There are two main sources of employment data in the United States. One is the Current Employment Statistics (CES) based on payroll data from firms. The other is the Labor Force Statistics (LFS) based on household surveys from the Current Population Survey. Clearly, we do not expect these to agree with each other because not being on a payroll is not the same thing as being unemployed. ... more
This morning, a friend of mine forwarded me Professor Krugman’s column in the New York Times. In this article, Professor Krugman states: ... more
A brief look at the last thirty years of the U.S. economy ... more
The Saddleback Civil Forum would have been a blur to me except for the exchange after Mr. Warren asked the Senator to define what it means to be rich.
Given that the Senator represents the point of view that the role of the government is to take from the rich to give to the poor, his answer to this question was going to be revealing ... more
The U.S. response to Russia's invasion of Georgia could have been limited to empty rhetoric which would have opened the way for Russia to re-annex a whole bunch of countries from Ukraine to Tajikistan.
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