Discuss: NelsonMandela & South African Inequality http://feedly.com/k/18xRUAH Discuss . . . Source: Economist shared via http://feedly.com Seguir leyendo Discuss: Nelson Mandela & South African Inequality

Compensation, Productivityand Labor Share http://feedly.com/k/1bypOtw Productivity outpaces real wages, deflated using the output deflator, or using the CPI. Figure 1: Log productivity (blue), log real compensation using output deflator (red) and using CPI (green), in the nonfarm business sector, all rescaled 2001Q1=0. NBER defined recession dates shaded gray. Source: BLS via FRED, NBER, author’s calculations. Note that a large portion of the gap between productivity … Seguir leyendo Compensation, Productivity and Labor Share

HereIsThe "WealthEffect": Wealthiest 400 AmericansAccountedFor 16% OfAll Capital Gains http://feedly.com/k/1gTP8uX Hidden deep inside the IRS’ most recent annual report focusing on just the Top 400 Individual Tax returns, titled "The 400 Individual IncomeTaxReturnsReportingtheLargestAdjustedGrossIncomesEachYear, 1992-2009" we find the definitive confirmation of just where the Fed’s Wealth Effect has gone. As seen in the highlighted cell on the table below, justthetop 400 individual taxreturnsaccountfor a whopping 16% … Seguir leyendo Here Is The “Wealth Effect”: Wealthiest 400 Americans Accounted For 16% Of All Capital Gains

GreeceTumblesIntoTheDeflationaryAbyss, WhileItsPrimarySurplusSoundsThe "Grexit" Alarm http://feedly.com/k/J7JYQU While the second-derivative hopers and primary budget surplus believers cling to the faith that Stournaras talking about recovery is enough to bring the depressing Greek nation out of its slumber, the fact is that Greekdeflation has neverbeenworse. However, it gets worse… as a recentstudyby CFR finds that countries are most at risk of defaulting the year they turn a positive … Seguir leyendo Greece Tumbles Into The Deflationary Abyss, While Its Primary Surplus Sounds The “Grexit” Alarm

InTheThirdQuarter, TheRichGotRicherBy $1.9 Trillion http://feedly.com/k/1aOTBtu The quarterlyFlowofFundsreportby the Fed has been released and the latest household net worth numbers are out. While not nearly quite as dramatic as last quarter’s wholesale dataset revision, which saw all of America suddenly worth $3 trillion more primarily due to a change of how "pension entitlements" (formerly "pension reserves") are calculated (more more in the full breakdownfromSeptember), with the … Seguir leyendo In The Third Quarter, The Rich Got Richer By $1.9 Trillion

World’sbiggestinvestorBlackRocksaysUS rally nearingexhaustion http://feedly.com/k/1fe1qhq World’s largest investor has advised clients to be ready to pull out of global stock markets at any sign of serious trouble shared via http://feedly.com Seguir leyendo World’s biggest investor BlackRock says US rally nearing exhaustion

RobParenteau: HowtoExitAusterity, WithoutExitingthe Euro http://feedly.com/k/1d4orB4 Yves here. This is an important post by Rob Parenteau which outlines a viable plan for subject nations austerity-afflicted Eurozone countries with reasonably-well-functioning tax bureaucracies to escape their downspiral. I fear the biggest obstacle is not the legal and economic viability of this idea, but that, in a variant of Stockholm syndrome, the leadership and elites of many of the … Seguir leyendo Rob Parenteau: How to Exit Austerity, Without Exiting the Euro

HighestRadiationLevelEver, LethalIn 20 Minutes, RecordedOutsideFukushima Reactor http://feedly.com/k/18LDDWV With all the excitement about Japan’s soaring stock market (if plunging wages), crashing non-digital currency (leading to soaring energy prices), recent passage of an arbitrary secrecy bill ("DesignedbyKafka & InspiredByHitler"), and ongoing territorial spat with China, it is almost as if the Abe administration is desperately doing everything in its power, including some of the most ridiculous decisions … Seguir leyendo Highest Radiation Level Ever, Lethal In 20 Minutes, Recorded Outside Fukushima Reactor

Ikea’sSpanishServersCrashWhen 20,000 PeopleApplyFor 400 Jobs http://feedly.com/k/1d6vucJ A few years back, we were stunned whenwereportedthat as a result of McDonalds’ first hiring day in 2011, the company retained the services of 62,000 very qualified line cooks and other minimum wage workers. What was stunning is that one million Americans applied for these jobs, or a 6.2% success rate, or just a fraction above the 5.8% admissionrateatHarvard. … Seguir leyendo Ikea’s Spanish Servers Crash When 20,000 People Apply For 400 Jobs