Men move into women’s jobs, even though there are no high-paying women’s jobs
The future of pink collar work?
Men are increasingly moving into jobs traditionally dominated by women, the New York Times' Shaila Dewan and Robert Gebeloff report, with a third of job growth among men coming in occupations that are 70 percent female...
Net worth of younger Americans has fallen 68% since 1984
Ouch:
In 2009, the median net worth (all assets minus all debts) of households headed by an adult ages 65 or older was 42% more than that of their same-aged counterparts in 1984. By contrast, the net worth of a typical household headed by an adult und...
Bernanke punts, no plans for new stimulus
Ben Bernanke (Wikipedia Commons)
In yesterday's column, Paul Krugman made a prediction:
As I write this, investors around the world are anxiously awaiting Ben Bernanke’s speech at the annual Fed gathering at Jackson Hole, Wyo. They want to know whe...
Bernanke punts, no plans for new stimulus
Ben Bernanke (Wikipedia Commons)
In yesterday's column, Paul Krugman made a prediction:
As I write this, investors around the world are anxiously awaiting Ben Bernanke’s speech at the annual Fed gathering at Jackson Hole, Wyo. They want to know whe...
Bond fund leaders argue for spending now, austerity later
The New York Times finds two bond vigilantes who are, strangely, now enough steeped in reality to be changing their tune.
Austerity? Yes, say Bill Gross, a Republican, and Mohamed El-Erian, a Democrat, the chief investment officers of the giant bond ...
CBO provides lesson to tea party freshman in economics and governance 101
Rep. Tim Huelskamp
This is both funny and depressing. Rep. Tim Huelskamp (R-KS), a tea party freshman, opponent of the debt ceiling deal and apparent denier of all reality, asked the CBO to show him that government spending does indeed contribute to...
