Wage Growth Has Been . . . OK Over the Past Year
Looking for news you can trust?Subscribe to our free newsletters. There must be something in the water. Today brings us another terrible chart, this time from the Wall Street Journal: Come on. You can’t compare workers’ earnings to core PCE, which doesn’t include food or energy. Core PCE might be useful for the Fed when…
Has Deflation Killed the Japanese Economy?
Looking for news you can trust?Subscribe to our free newsletters. Conventional wisdom in economics says that deflation is bad because it motivates consumers to put off purchases. Why buy now when the same item will cost less a year from now? Dean Baker isn’t so sure: Japan’s rate of deflation has only exceeded 1.0 percent…
Dems Continue Their Timid Ways on the Mueller Report
Looking for news you can trust?Subscribe to our free newsletters. The April 2 deadline for turning the Mueller Report over to Congress has passed, so Democrats are almost ready to ask nicely for it: The House Judiciary Committee authorized its chairman on Wednesday to use a subpoena to try to force the Justice Department to…
Chart of the Day: Democratic Fundraising So Far
Looking for news you can trust?Subscribe to our free newsletters. Here are the fundraising numbers for each of the top Democratic candidates in the first quarter. For those who haven’t announced their totals, I’ve guessed—making the assumption that their numbers are probably a little disappointing if they’re holding back. Obviously my guesses might be wrong,…
Trump, Who Once Said He Liked To Grab Women “By the Pussy,” Mocks Biden Over Recent Allegations
Bastiaan Slabbers/ZUMA Looking for news you can trust?Subscribe to our free newsletters. President Donald Trump on Tuesday mocked former Vice President Joe Biden over recent allegations from multiple women who have accused the likely presidential candidate of inappropriate touching. In doing so, Trump appeared to reference, in similarly derisive terms, the list of at least…
Nixon Closed the Border to Sow Chaos. Trump’s Shutdown Could Be Even Worse.
A traffic jam at the border crossing between Tijuana, Mexico, and San Ysidro, California, after the Nixon administration adopted a rigorous inspection program to punish Mexico and stop drug smuggling. Bettmann/Getty Looking for news you can trust?Subscribe to our free newsletters. We’ve been here before. In 1969, President Richard Nixon brought traffic across the US-Mexico border to…