Michael Maiello's picture

    Corporate America Breaks Up With The Middle Class

    American businesses are breaking up with the middle class.  This won't be news around here, though it might stir up some controversy over at The Daily today.  In my column this week I looked into some of the potential implications of two big changes in American business.  They used to rely largely on domestic middle class consumers to make their profits.  This was true even in the 1990s, when the main effect of globalization was overseas exploitation in order to sell cheap goods ba

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    Doctor Cleveland's picture

    Revisiting LeBron (and Retaining Employees)

    So, last summer LeBron James decided to leave Cleveland, leading to a massive outburst of Clevesentment and a widespread belief that Cleveland had burned down among my friends and family who don't live there (and not just among them, judging from the search terms that old post collected). A year later, he's gotten himself to the NBA Finals for the first time in his career.

    William K. Wolfrum's picture

    The Yes Men & Coal Cares to Peabody Energy and Coal Industry: Stop Killing Kids

    Since my previous post on the satirical Web site CoalCares.org, there have been several interesting developments. First off, the infamous Yes Men have been outed as the masterminds behind the site.

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    William K. Wolfrum's picture

    CoalCares.org's clever hoax

    Head on over to CoalCares.org and take a look at the work they’ve done creating a spoof Web site for the purpose of creating discussion on the harm of coal plants as well as rising asthma rates.

    A snippet from the site:

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    Donal's picture

    Why aren't we panicking at the pumps? Update: Or are we?


    In Peak Oil Elasticity, Tom Whipple wonders why $4.00 fuel hasn't made Americans cut back our driving all that much: 

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    William K. Wolfrum's picture

    Chrysler announces first profit since bailout - better than a bullet in the eye

    As America celebrates President Barack Obama's birth certificate as well as Osama bin Laden's new eye hole, one bit of news managed to get by that will likely have a bigger effect on the U.S. - Chrysler announced a profit:

    Chrysler has posted its first quarterly net profit since declaring bankruptcy almost two years ago, Reuters reports.  

    Doctor Cleveland's picture

    Your Neighbor's Paycheck Is Your Paycheck

    Here's the deal: how much money you get paid is based on how much other people get paid. This is a fact of life. Your paycheck is based on what other people get in other jobs like yours, and what other people in your area make, and what other people with your qualifications make. The price of those people's work sets the price of replacing you if you quit your job. If you make less than they make, it can only be so much less. If you make more than they make, it's only realistically going to be so much more.

    Michael Wolraich's picture

    Book Review: The Great Stagnation

    The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better by Tyler Cowen

    The Great Stagnation, a short yet ambitious e-book by economist Tyler Cowen, has been generating a lot of buzz lately. It has been recommended by Matthew Yglesias (ThinkProgress), Ezra Klein (Washington Post), Tim Harford (Financial Times), and Nick Schulz (Forbes), to name a few.

    I bought the book on the suggestion of EmmaZahn here at dagblog. I found it to be clear, original, and so engrossing that I missed my subway stop. But I did not ultimately find it persuasive.

    In the book, Cowen argues that America's spectacular growth of the past 200 years has been driven by the consumption of "low-hanging fruit" which we have now exhausted. In particular, he cites cheap land, advances in education, and technological innovation. He argues that since we can no longer rely on these drivers, our economy will stagnate for the foreseeable future.

    But you don't have to be an economist to see that the evidence Cowen relies on to bolster his low-hanging fruit theory has been derived from some aggressive cherry picking.

    William K. Wolfrum's picture

    Federal Judge Rules Capitalism Unconstitutional

    AMERICA – A Federal Court in Florida has struck down Capitalism, ruling that the requirement for individuals to live under any type of economic system is unconstitutional.

    Ramona's picture

    Foreclosure for Fun and Profit

    There is a lovely new residential-shopping complex in Myrtle Beach called "The Market Common".  We haven't been there yet this year, but last year we walked around it a few times.  In my wildest dreams I couldn't afford anything in their shops, but honestly?  I never saw anything I would be willing to give up my entire SS check to buy.  Still, I kind of took a liking to the place, faux as it was.

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    Doctor Cleveland's picture

    Intellectual Property Blues: Beatles Edition

    So, the Beatles are finally available on iTunes, goo goo goo joob. And the news has been greeted with a resounding yawn; many people claim that the move is much, much too late to be hip, and too late to be hip, in the music business, means too late to make a sale. [UPDATE: Since the Beatles sold 2 million songs and 450,000 albums on iTunes this week, I was obviously completely wrong about this.

    Doctor Cleveland's picture

    Obama's Veto and Mortgage Fraud

    If you've been looking for a fight in the lame-duck session, we may be about to see one: this Wednesday, November 17th, the House is going to have a veto override vote on the so-called "Interstate Recognition of Notaries Act," H.R. 3808. (h/t John Cole) What is the Interstate Recognition of Notaries Act, you say?

    Doctor Cleveland's picture

    There Is No Center

    Since the election, and in fact for some time before, pundits have been demanding that President Obama move to "the center." They don't have a lot of details, usually, about where that center is, and if they do suggest a detail it usually comes from one side of current debates, but they're all convinced that Obama needs to go there. But there's a reason that pundits can't describe this magical "center" better. It doesn't exist.

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