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22 apr 2014 18:16

State Employment Trends: Does a Low Tax/Right-to-Work/Low Minimum Wage Regime Correlate to Growth?

It’s interesting how “pro-business” policies do not appear to be conducive to rapid employment growth. Employment in Governor Walker’s Wisconsin, as in Governor Brownback’s Kansas, has lagged behind that of the United States (and behind that of Governor Dayton’s Minnesota and Governor Brown’s California). Figure 1: Log nonfarm payroll employment in Minnesota (blue), Wisconsin (red), Kansas [...]

economia | ecomonitor.com

22 apr 2014 18:13

Chinese Premier Announces Clean Energy Push

Chinese Premier Li Keqiang has restated the government’s plans to aggressively build clean energycapacity throughout the country in an effort to reduce air pollution. Li’s announcement, which he made on the central government’s website, comes as major Chinese cities have been suffering from catastrophic levels of smog. Li’s statement laid out plans to build new solar, [...]

economia | ecomonitor.com

22 apr 2014 18:10

Raising Taxes on Corporations that Pay Their CEOs Royally and Treat Their Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times. Meanwhile, over the same thirty-year time span the median American worker has seen no pay increase at all, adjusted for inflation. [...]

economia | ecomonitor.com

22 apr 2014 06:13

Yes, Virginia, Taxes Do Drive Money: Confirmation from a Money Manager

Yet another money manager “bites the dust”, falling for the MMT view that “taxes drive money”. See his piece, “The good you do for the dollar when you pay your taxes”, by Jon Shayne April 3, 2014; http://www.pbs.org/newshour/making-sense/the-good-you-do-for-the-dollar-when-you-pay-your-taxes/ I wonder why this is relatively easy for those who work in financial markets, but almost impossible [...]

economia | ecomonitor.com

22 apr 2014 00:26

Does This Figure Show Why Fed Policy Failed?

What do you see in this figure from a recent New York Fed study? Technically, it shows that the Fed’s balance sheet is expected to shrink and return to the path it would have been on had there been no large scale asset purchases (LSAPs) over the past five years. This projection is a reflection of [...]

economia | ecomonitor.com

22 apr 2014 00:22

Weighing the Week Ahead: Will Spring Bring Some Optimism?

Some weeks feature a contrast between past and future — a possible inflection point. Here are the current elements: Important economic data with a forward look; Earnings news from major companies reporting on Q114; Corporate conference calls explaining the outlook for future earnings; and finally Economic implications for improved economic growth and business conditions worldwide. [...]

economia | ecomonitor.com

22 apr 2014 00:20

Union Blues: Would an Independent Scotland Honor Her Debts?

There are still nearly five months to go until the referendum on Scottish independence but the debate is definitely hotting up. The polls are getting more interesting. Buoyant is the default position of Alex Salmond, SNP leader and Scotland’s first minister, but he is unusually buoyed up at present. He, after all, has a history [...]

economia | ecomonitor.com

22 apr 2014 00:15

Great Graphic: Eurozone Debt and Deficits

This Great Graphic was tweeted by Fabrizio Goria who got it from Vincent Flasseur at Thomson Reuters.    It depicts the gross government debt and deficits (as a percentage of GDP) for a select group of euro area countries between 2007 to 2015 using EC forecasts. It shows that Italy, Spain, France,  Germany and the euro zone as a while [...]

economia | ecomonitor.com

22 apr 2014 00:13

Canada Embracing Climate Control Measures to Support Oil Sector

By Daniel J. Graeber: Environmental advocacy groups put Canadian oil sands on the same footing as a weapon of mass destruction. With limited trade options on hand, provincial leaders are now trying to recast the Canadian oil sector’s image with a green hue. The processes involved in exploiting the more viscous form of crude oil [...]

economia | ecomonitor.com

22 apr 2014 00:11

Water Wars: The Next Clash Between India and China

By Amitava Mukherjee: A China watcher named Claude Arpi has drawn attention to a recently posted article on the website of the Yellow River Conservancy Commission under China’s Ministry of Water Resources. The article speaks of the necessity and feasibility of diverting the waters of some rivers, including the Brahmaputra (called Yarlung Tsangpo in China), to [...]

economia | ecomonitor.com