Newmark's Door

Just one study, but if it holds up, it's good news for OMAD-in-the-morning eaters like me.

Veronique de Rugy puts it quite well:

After many years of working in the policy world, I have concluded that politics is at most 10 percent about making the world better and safer. The rest is at least 45 percent theater and 45 percent catering to special interest groups. Further evidence for my assessment comes from the recent grandstanding in the U.S. Senate on rail safety.

"American parents have bought into noble ideas about their schools. Here’s the uncomfortable truth."

Sadly, true.

UPDATE: link fixed now.

Once again I think Senator Dirksen's famous quip (although there's apparently no record that he actually said it) is appropriate: "A billion here, a billion there, and pretty soon you're talking real money".

Dead. Dead and buried.

Hey, can we at least get a couple of graduate students to work on this?

The headlines have focused on the so-called Establishment Survey which is a survey of employers and shows only the number of positions, not the number of employed persons. The Household survey, on the other hand, surveys people. 

The Household survey over the past two years has not shown nearly as much job growth as the Establishment Survey. 

Specifically, we find that since 2022, the Establishment Survey and the Household Survey have ceased to follow a similar trend, with a sizable gap forming between the two surveys. In fact, over the past two years, the two surveys show a gap of 2.2 million: 

Funny or tragically sad, you decide.

The Frankenstein-Renault in question here?  Former Texas Republican Congressman Lamar Smith.

Smith co-authored the 2011 woefully misnamed America Invents Act.  Which made things orders of magnitude more difficult for Americans to invent things.

After a decade-plus of cataclysmic damage done - Smith now realizes he teed up Big Tech to steal every patent it wants - in perpetuity.

It is underappreciated, in my opinion, how narrow is the recent advance in the stock market.

Another Narrative takes something of a hit, this time from noted economist Price Fishback and co-authors.