You may (or may not) have wondered why the front page hasn’t changed substantially since the election. The easy answer is “nothing important has happened.” The harder answer is “I ain’t feelin’ it.” It’s a lame do-nothing-Congress, a bat-scat crazy President, the Supreme Court’s been silent, the economy’s still slipping, [...]

We should thank the million foreigners who took to the streets on May 1st: they remember what we’ve forgotten. On May 1 1886 Chicago labor unions went on strike for the eight-hour work day. This strike precipitated the Haymarket Massacre. Every May 1st there are demonstrations and marches all around [...]

I have a partial answer to a question posed by Kash at Angry Bear: Why is China still holding on to its dollar peg if it’s not in its own interest? Let’s go back to Alan Greenspan’s comments, which, while cast as a negative are probably seen as a positive [...]

The story’s number three on Blogdex: “Wages Lagging Behind Prices“. Worker pay raises trail inflation but the numbers obscure the severity, suggesting the problem is worse than it appears. The base of the LA Times the story is this: “For the first time in 14 years… growth in wages in [...]