Moving the economy forward

When the economy isn’t showing any signs of movement, you might think that economists don’t have a lot to talk about.  However, that point of view neglects one very important part of the ol’ dismal science –economists always have to make work for themselves in order to remain employed.  That gets us to some arcane debates over things most people I know think are pretty obvious.

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Rathskeller

The tower rises from the heart of West Seventh, defining and defying the passage of time and the lay of the community.  The Schmidt Brewery is the West End to many people because it rises like an old oak from secure roots to dominate the skyline longer than anyone can remember.  Its endurance is remarkable because it cannot be ignored yet somehow has been neglected,  too big to c Continue Reading

Blue ribbon

A deal to end the Minnesota shutdown is still being hammered out, but the broad agreement is clear – it’s not going to be anything but a punt until the next one.  We all expected that left and right would both hate the compromise, but in a stunning twist both sides hate the deal for the same reason – it’s all gimmicks and passes on real reform.

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Endgame – a way out

The Minnesota state shutdown is dragging on with no end in sight. The sides aren’t meeting and Gov. Dayton is on a tour of the state to make his case. While there still hasn’t been a good poll on how the public feels, there are increasing signs that it is playing out much as I predicted last Friday. Continue Reading

A weak hand

Minnesota government has been shut down for a week now.  The State’s budget runs on a fiscal year starting July 1st and there was no agreement on how to proceed.  So it ended there, all but the most essential services ordered to stay in operation by the courts.

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Summertime blues

July means many things.  The kids are off, the weather is hot, and somewhere between those two facts you can hope the lawn is being mowed regularly.  But for those of us who are into economic stats, July is the start of a new quarter – the sleepiest quarter of the year, despite a tremendous number of summer jobs.  Summertime, and the livin’ is easy.

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Risky business

The headlines have been screaming it for a week – “Markets soft due to ongoing Greek Crisis,” or something similar.  But like The Onion, these headlines often have all the punchline in them and the article doesn’t give much more.  Why is the Greek crisis important for US stock Continue Reading

Challenge

At the end of a fun summer Saturday, just before Father’s Day, my son and I sat ourselves down and decided to see what was on teevee.  There, on the Science Channel, was just what we were hoping for – the RoboGames with Grant Imahara of Mythbusters fame.  It’s a competition of remote controlled devices that thrash, rip, and somet Continue Reading