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New blog posts

  • The Privatization of Everything
  • Sunday Morning Comics - MisFortune Cookies Edition
  • Must Read Posts for March 13, 2010
  • Friday Movie Night - China Currency Manipulation & Make Markets Be Markets
  • Lehman Brothers - If you are experiencing Déjà vu, that's because it is GroundHog Day!
  • U.S. Manufacturing Technology Consumption Bounces 26% Off Bottom
  • Economic Warfare? Europe versus Wall Street
  • Let's Chat Labor Productivity
  • Why we are headed into Depression
  • First Iceland, then the World
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  • wow, those free flows of capital to China
    7 hours 29 min ago
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Populist Du Jour

  • The Privatization of Everything

Vox Populi

  • Holy Cow Batman! SIGTARP Barofsky says U.S. on the hook for $23.7 Trillion in bail out!
  • Subprime meltdown over; now comes the bad news
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Active forum topics

  • Moody's Warns the U.S. of a sovereign credit rating downgrade
  • Paul Krugman Takes on China's Currency Manipulation
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Atlanta Fed's Macroblog

  • A look at the income-side estimates of growth
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BEA

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iMFdirect

  • Rethinking the IMF’s Mandate: Asking for Your Views
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CBO

  • Estimate of the Budgetary Effects of the Senate-Passed Health Bill
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powells

GAO

  • GAO-10-406, Defense Acquisitions: Opportunities Exist to Position Army's Ground Force Modernization Efforts for Success, March 15, 2010
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Instapopulist

  • Paul Krugman Takes on China's Currency Manipulation
  • Moody's Warns the U.S. of a sovereign credit rating downgrade
  • In case you missed the Michael Lewis CBS 60 Minutes interview...
  • China bidding on yet more American Infrastructure - this time High Speed Rail
  • Dodd to release Senate Financial Reform Bill Monday, a few details now
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  • EU to bail out Greece
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Calculated Risk

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Naked Capitalism

  • Wray: Timmy-Gate: Did Geithner Help Hide Lehman Fraud?
  • Guest Post: Broken Incentives – “People See What They’re Incentivized to See. If You Pay Someone Not to See the Truth, They Won’t See the Truth”
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Paul Krugman

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dorgan

The Baseline Scenario

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Eyes on Trade

  • Make or Break: Obama Officials Start Trans-Pacific Partnership (TPP) Talks Today - First Obama Trade Deal?
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Econbrowser

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TradeReform.org

  • 130 Members of Congress Push for Action on China Currency Manipulation
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EconomPic

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Economist's View

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Economy in Crisis

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The Big Picture

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Credit Slips

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Manufacture This

  • Tight times for mill workers in Maine, Part 7
  • Coverage of EPI Forum on China and Currency Manipulation
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Alan Tonelson

  • Krugman Out-Hawks Even Congress' China Critics on Currency Issues
  • Trade deficit dips; exports, imports fall
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black swan

Beat The Press

  • Pension Fund Cashes in Treasury Bonds: AP Screams "Crisis"
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Nouriel Roubini's Global EconoMonitor

  • The Rise of Sovereign Risk in Advanced Economies
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Zero Hedge

  • Private Equity’s Trojan Horse of Debt?
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The Mess That Greenspan Made

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Tax Justice Network

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  • IMF: trillions lost offshore
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Brad Delong

  • Worth Reading #7: Maria Farrell on the Church Abuse Scandal (Best Non-Economics Thing of March 15, 2010)
  • Worth Reading #6: How to Obsess About Health Care Reform (March 15, 2010)
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New Deal 2.0

  • Progressive Values and Financial Reform
  • De facto bailout for Freddie and Frannie?
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Steve Keen's Debtwatch

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Angry Bear

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Robert Reich

  • Health Care 2010 and 1994, and the Political Lessons of History
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Noslaves.com

  • Jim Crow in Silicon Valley
  • Finally, a State saves money by hiring Americans and getting rid of H-1Bs
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Financial Armageddon

  • Krugman: Out-of-Touch with Reality
  • Forget About 'Black Swans'...
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states

The Coming $50 Billion State Unemployment Bill

Submitted by manfrommiddletown on Mon, 07/13/2009 - 11:37.
  • deficits
  • states
  • unemployment

$10.9 Billion.

That's the amount of money currently lent by Federal Department of Labor (DOL) to a group of 15 states whose unemployment insurance (UI) trust funds have run dry. And it's about to get a whole hell of a lot worse. By the end of the year that number will likely have have grown to 35 states. Total DOL emergency loans to states at that time? Nearly $50 billion dollars. The situation will be far worse for some states than others. The states appearing in red on the map below are those that will need DOL loans to keep unemployment benefits rolling.

  • manfrommiddletown's blog
  • 4 comments
  • Read more
  • 3 points

13 States Now Have 10% Unemployment

Submitted by manfrommiddletown on Fri, 06/19/2009 - 18:19.
  • economy
  • Econpop
  • recession
  • states
  • unemployment

A picture is worth a thousands words, and this map shows the loss of a couple of hundreds of thousands of jobs. This map shows the current unemployment in each of the 50 states, and in 13 of them, that rate is above 10%.

At least in part, this map shows the immediate impact of the shutdown of much of the US auto industry. With most GM and Chrysler plants idled beginning in early may, a large number of parts suppliers have followed suit. As a consequence, the industrial region around the Great Lakes has seen unemployment jump to heights not seen since the late 1970s.

  • manfrommiddletown's blog
  • 11 comments
  • Read more
  • 2 points

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