Category Archives: Poverty

What if Housing is Done for a Generation?

From twitter @mark_neely “What if Housing is Done for a Generation?” by Tyler Durden points to some pretty scary economics (I take exception to his federal deficit talk – it isn’t the issue – but in the main my sense is he’s on to something).  A key quote: “Without going into too much detail, we […]

Consequences of Mainstreaming “Arcane Voodoo”

As Atrios points out – it isn’t a surprise.  What’s impressive, scary and depressing (in both meanings) is the disjunction between democracy and the complete failure in results of governments implementing stupid policies.  Makes a person think democracy no longer exists in such places.  Just a thought.

Median American Household Income Dropping Since 70s

Today’s Bruce Bartlett post on Economix “Fanning the Flames of Class Warfare” gives some interesting basic information – using a calculator from the Economic History Association we can see that the median American family income in Bartlett’s example of 1974 ($13,000) ranges in income or wealth value (depending on what type of value you’re interested […]

Busking Behavior – Neil Young, Joshua Bell and the Case for Public Art

This video of Neil Young busking in Glasgow in 1976 incognito before a concert is worth a look (especially if you’re a fan of his early work like me) It reminds me of the Washington Post’s experiment with the great violinist Joshua Bell (very much worth reading/seeing the video).  In the experiment Bell, one of […]

View Of The Election From Ohio’s Working Class

[Hat tip Matt] Well worth a read.

DuPage Blue Fest This Saturday – Bring The Family!

DuPage Democratic Party Blue Fest, “A Family Day of Fun,” is being held at the Arabian Knights Farm in Willowbrook, Illinois [Click For Directions], this Saturday, July 19, 2008 from 11:00 AM – 9:00 PM. The event will feature four bands, ranging from a Beatles cover band to “Agents of Change,” a progressive rock / […]

One Of The More Powerful Critical Pieces On America I’ve Read In A Long Time

Charlie Pierce has written an extremely powerful piece, “The Cynic and Senator Obama,” in this month’s Esquire. Whatever you may think of it – it’s an important criticism, made more moving by Pierce’s love for an America lost (and feared forever lost). I got there via Ezra Klein’s post, which is also well worth a […]

Money Can’t Buy Me Love, But Happiness…?

Pay me more and I’ll let you know. Money and happiness may not have a super-strong relationship – but it’s enough to be bad news for the Bush economy, where Americans have been earning less over the years. Perhaps depressed wages have contributed to depressing people with an overwhelming majority of Americans believing we’re going […]

Poverty And Economic Thought – Charles Karelis

[Hat tip to Matt Yglesias] I haven’t read Charles Karelis’ recent book (nor had I heard of him for that matter) but what struck me about his argument that poverty traps people because they have too many “problems to be alleviated” was that it sounds reasonable, compelling and not that surprising. The first thing I […]

Iraq Economic Expansion On Pace To Dwarf China

Iraqi shopkeeper Mahmoud Ghali of Sadr City remembers when things were bad in spring 2006. “There was one month when all I sold was three bars of soap and one bottle of shampoo.” Now things have changed for the better. Last month Ghali sold nineteen bars of soap, ten bottles of shampoo, and also enjoyed […]