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    Economics / American Medical Association, Jim Bunning, Medicare, stimulus, unemployment /

    Bunning’s Leninist Folly

    March 2, 2010

    By now, of course, you are all aware of Jim Bunning’s stand. Shorn of the need to hide his real opinions on matters of social policy by his decision to leave the Senate this year, he is exercising his right to block legislation he finds offensive. What kind of legislation would that be? That needed […]

    Economics / California, creditors, deficits, Greece /

    Californiastan?

    March 1, 2010

    I haven’t poked fun at California lately, but how can I pass this up? Bloomberg and Reuters now reports that the cost of credit insurance on California debt is now higher than that of such rock solid, fiscally sure places as … Kazakhstan, Lebanon, and Uruguay. Ouch! All the media attention being focused on the […]

    Economics / industrial production, inventories, ISM Business Conditions Index, manufacturing, productivity, unemployment, wages /

    Manufacturing Keeps Growing

    March 1, 2010

    There are two points to make about manufacturing. First is today’s Institute of Supply Management report on manufacturing activity. The second is my take on an ongoing discussion at fivethirtyeight.com where a great post on the decline in US manufacturing has generated a great deal of discussion. First the ISM report. The index of manufacturing […]

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