For MEB, forever.

http://www.bls.gov/opub/btn/volume-2/long-term-unemployment-over-mens-careers.htm

"More than 22 percent of NLSY79 men experienced at least one long-term spell of unemployment from their labor market entry through 2009. Black men and men with lower levels of education were m… Read full post »

For MEB, forever.

This is not to say that Aggregate Demand does not matter, nor is it to say that income distribution does not matter, although many have criticized Keynesians, and rightly so, for excessive focus on Demand, instead of on Supply.

Both matter, especially in the long run. It is… Read full post »

For MEB, forever.

Of course, Rodman wasn't really a diplomat, just one of those things, although for the critics of his antics, let us remember that the alternatives really aren't so great, practically speaking.

To be fair as we wish Brilliant General Kim Jong Un happy birthday, and seemingly say goo… Read full post »

For MEB, forever.

I mean what the hell is that, to make people wait in traffic over an election?

Look how soft we've gone. Yes that is the pot calling the kettle black, what with my shrink and all, but still, we've all gone soft.

Back in the day, you… Read full post »

For MEB, forever.

Permanent income is short for permanent income hypothesis of Friedman, an important theoretical construct in the analysis of consumption, if only as a boundary condition. That boundary condition may well have slack multipliers much of the time, but in the limit, cannot, absent a tra… Read full post »

For MEB, forever.

The Market for Lemons is a classic paper in economics, co-authored by Janet Yellen, now the first female chair of the Federal Reserve Board.

The Federal Reserve System probably has come to the end of it's more obvious measures to stimulate the economy, as is the case with… Read full post »

For MEB, forever.

I will say that when I saw the headline, "first woman," I was slightly non-plussed.

That is not because of anything other than the fact that we have experienced a massive economic disclocation, and so therefore, I could care less if a Martian took that role,… Read full post »

For MEB, forever.

Let us say for the sake of argument that one opposed the Iraq War, not a bad one here on OS.

That doesn't change the fact that once that war was launched, it might well be the case that various interests would be engaged, again, even if one opposed the… Read full post »

JANUARY 3, 2014 4:15PM

Lil Kim (Jong Un) Goes Doggie Style

For MEB, forever.

http://www.youtube.com/watch?v=Qkuu0Lwb5EM

Remember back in the day, when they still had forties of Olde English?

Remember those Big Mickey's, the quarts of Bud, a fifth of Wild Irish Rose, and rolling through the 'Hood with the AK on the Southside of Chicago?

Remember back in the d… Read full post »

For MEB, forever.

Any time there is a significant political disagreement between the United States and the Russian Federation, it is a matter of MAD Skillz, so to speak.

That is because if the political disagreement were to grow serious, by the nature of our relationship, nuclear weapons become more… Read full post »

For MEB, forever.

Three names so redolent of history if in the same place: the city of the Tsar, the city of Stalin, and the city of the River Volga, and this week the scene of a significant terrorist attack, presumably by those Islamists in the Caucasus region who do not wish… Read full post »

For MEB, forever.

Now when I hear lately that Palestinians like Abbas say Jerusalem wasn't Jewish ( and sometime when Jews won't compromise too), I think of Titus.
 
Yes, the Palestinians didn't get the best deal, if they hardly tried very hard a lot of the time either, manyRead full post »

For MEB, forever.

There have now been two federal District Court rulings on the NSA program of data collection revealed to such storm and fury by Edward Snowden, collectively referred to as PRISM.

It had long been understood in the open literature that such activities were often conduc… Read full post »

For MEB, forever.

Praxis is the mixture of theory and practice, clearly important in any economic policy, particularly unemployment policy.

Keynes correctly pointed to labor markets as having peculiarities compared to impersonal market exchanges, such as the dreaded Kansas wh… Read full post »

For MEB, forever.

The North Korean nuclear weapons program is one of the more serious issues facing American foreign policymakers.

One way or another, that program is a matter of grave concern. 

That is because not only could such weapons someday pose a direct threat to the territory… Read full post »

For MEB, forever.

I never met Craig's new wife, if I'm glad she still shares Craig's pictures on Facebook, if it's a happy-sad sort of feeling, since Craig passed away this year.

It's happy, because you see Craig has two sons, amazingly grown, if sad... as to not being there. Then again, it… Read full post »

For MEB, forever.

It wasn't really very nice, or gentlemanly, if a brilliant tactical and strategic move, and so fateful too, that Christmas preemptive strike George Washington ordered on the British contractors at Trenton on Christmas.

It sure was fateful too, since it caught the Hessian contra… Read full post »

For MEB, forever. Expedia donjia zipline not a sketcher.

Now one shouldn't make foreign policy on the basis of Hollywood movies of course, or classic books, if such things are often a hint of things to come, for a variety of reasons.

Tears of the Sun I thought grossly underrated, as to… Read full post »

For MEB, forever.

Walter Mondale once said that anyone who claimed to understand North Korea was an idiot, a liar, or both.

Now that's too much, if few fields of analysis offer more grounds for making tea-reading seem like an advanced science, if the DPRK has its conventions too.

One o… Read full post »

For MEB, forever.

Now as to Pussy Riot being released, that I have a hard time taking seriously, since they were the Russian equivalent of Miley Cyrus, not that you should lock up Miley Cyrus, just not really something that makes me lose that much sleep.

If you go into a church as a&nb… Read full post »

For MEB, forever.

First Infantry, Big Red One, Ft. Riley Kansas, Marne, D-Day, Korea, Vietnam, Iraq, twice, Afghanistan, every time they were called, the Big Red One was there.

You see the press cover one thing and not another, and wonder why, as to some families at Ft. Riley, Kansas to pra… Read full post »

DECEMBER 20, 2013 10:02PM

A Memorable Story For Sure: Lone Survivor

For MEB, forever.

There's likely to be a movie coming out soon that if true at all to the book should be very memorable, Lone Survivor.

Hollywood may find it hard to do such a thing justice, as to the interesting background of the SEAL in question, a hardscrabble childhoood existence i… Read full post »

For MEB, forever.

Chile elected a new president this week, who had served before, if it marked ongoing  hope that the shadows of Augusto Pinochet and Salvador Allende have faded.

That is the case even as Bachelet's father was on the losing side of the Chilean  coup led by Pinochet on… Read full post »

For MEB, forever.

The diplomat in question from India was accused of a felony, visa fraud.

Now it may well have seemed like not a big deal to the diplomat, sort of a "nanny-gate" type of thing, if violation of host country laws is always grounds for a declaration that said person… Read full post »

For MEB, forever.

It is being reported that the Congress and the President have seen that asking the Armed Forces to cut their pensions while they do not take exactly the same percentage cut was a very bad idea, and therefore are altering the budget deal accordingly. 

That is beca… Read full post »