While the jobs numbers had this big kind of mysterious revision, if they didn’t have the revision, then the jobs numbers were fully consistent with a 3% GDP growth we also so last week, and that’s even before the Big Beautiful Bill passes… — Kevin Hassett on Fox By now, the news that the Bureau of Labor Statistics (BLS) reported weak job growth for July and revised its estimates for May and June down very substantially has spread beyond the usual audience of connoisseurs. Though those...| LBO News from Doug Henwood
Among the leading fantasies of the moment are that federal employment and spending are “out of control,” so drastic action is needed to put things back in order. These are lies. Some people who utt…| LBO News from Doug Henwood
A while ago I saw a post on LinkedIn that piqued my interest, not because it was any good, but because it was impressively wrong. It claimed that, to quote, “if every email user deleted just 10 emails, it would save enough electricity to power millions of households each year”. This is not only wrong, it is obviously wrong. In this post, I’d like to dive into why it’s wrong, how one might come to think it’s right, and perhaps what better message you could put out there to save the p...| bertptrs.nl