Know-Nothing Labor Myths

Jacob Lyles at The Distributed Republic:

Open border libertarians like to pretend that the supply of immigrant laborers has no effect on the welfare of existing United States workers. But this is not the case.

Broadly speaking, the welfare of an average Joe who trades his labor for a living depends on two factors. . . . → Read More: Know-Nothing Labor Myths

Sideways?

Perhaps it would be a good time for investors and analysts alike to lean back and have a good bottle of Pinot Noir and let markets be markets. Surely, with the likes of Hindenburg Omens still getting its share of the tape and with the macro backdrop turning decidedly sour, it seems a prudent . . . → Read More: Sideways?

Economic Events on August 26, 2010

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 495,000 new jobless claims last week, which would would be an slight decrease in claims from last week’s number, which was the highest since February.

At 10:30 AM EDT, the weekly Energy Information Administration . . . → Read More: Economic Events on August 26, 2010