Not all that much to say. The economy continues to stumble along, not really declining, but not really improving either. First-time claims for unemployment insurance fell by 10,000 last week, but remain quite elevated. On a graph, the picture is of a distinct improvement during spring and early summer, followed by a stall. The number of people continuing to draw benefits fell by 119,000 the week before (the continuing claims numbers are always a week behind the initial claims figures), but they too remain quite elevated, and are only in the mildest of… Read More
Just posted: my August 27 radio show. Ned Sublette, author of The Year Before the Flood and The World That Made New Orleans, on that city, its culture and music, and the aftermath of Katrina (plus the radio premiere of his song, “Between Piety and Desire”) • Adolph Reed on the dismal state of the left and the waning usefulness of “race” as a category
Article from LBO #119 freshly posted to the web: Americans: sick, poor, undereducated, overworked, smug. Or, “How American awfulness stacks up.” A review of the OECD’s latest Social Indicators, showing just how bad off the USA is compared with most other rich countries in a host of important ways. We post samples from LBO to the web for free consumption—but only a few, and with a delay. If you like what you see, subscribe.