Posted inEconomic Policy

NYT MInd Readers on Global Warming

It is easy to see what sets the NYT apart from more mediocre publications: its reporters have the ability to read minds. We see this demonstrated yet again in an article on the Bush administration’s opposition to a draft G-8 statement that would call for large reductions in greenhouse gas emissions by 2050. The article […]

Posted inEconomic Policy

Wall Street Journal Discovers Income Inequality

Better late than never, but is it really news that most workers have benefitted little from the country’s growth over the last quarter? Apparently, that is what a joint study by the Brookings Institute, Heritage Foundation, Urban Institute and American Enterprise Institute uncovered with funding from the Pew Charitable Trusts. Of course, my former employer, […]

Posted inEconomic Policy

Of Course H1-B Visas are About Lowering Wages

I wonder if the Washington Post would print an article that said that importing shoes and textiles is not about getting lower priced goods, but rather necessary because of domestic shortages. It would make as much sense as its article on H1-B visas in today’s paper. This is apparently its anti-market edition, where rising prices […]

Posted inEconomic Policy

Big Jump in Home Sales, Plunge in Prices

The Commerce Department reported a 16.2 percent jump in new home sales in April coupled with an 11.1 percent decline in the median price. These data are very erratic, so both numbers should be viewed with considerable skepticism. Most of the news reports seemed to get this fact, although USA Today was perhaps overly cheery […]

Posted inEconomic Policy

How Fattening Is Pork?

The Washington Post has a good article about the growing use of earmarks by members of Congress to get funding for pet projects for their states or congressional districts. While the Post is right to draw attention to this abuse of the appropriation process, it badly misleads readers because it fails to put these numbers […]

Posted inEconomic Policy

Saving Mitt Romney and Social Security

You probably didn’t know that Mitt Romney was ill and in need of saving, but of course neither is Social Security, according to the projections from the Congressional Budget Office. But that doesn’t stop the Washington Post from talking about “saving federal health and retirement programs from insolvency.” The projections show that Social Security will […]

Posted inEconomic Policy

How Do NYT Reporters Know What Employers Foresee?

That’s the question millions (okay thousands) of NYT readers should be asking of an article that claims employers are now unhappy with immigration bill that they helped craft. The article asserts that employers complain that the bill will not “cure the severe labor shortages they foresee in the coming decade.” Unless the reporter who wrote […]

Posted inEconomic Policy

San Francisco Bay Road Trip

On Tuesday I will be giving a couple of talks in the SF area. This is both an advance excuse in case I miss some blogging on Tuesday and Wednesday and also an invitation to any interested BTPers in the area. At 1:00 on Tuesday I will be speaking on my new book, The United […]

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