Is being sent to Pennsylvania as bad as an assignment on a North Sea oil rig?

Why do I have to read in the Ohio media the clearest explanation of how the Marcellus workforce in Western Pennsylvania operates?  Likely the paradigm for all of Pennsylvania I would guess. In the Akron Beacon Journal today: Ohio can learn from Texas’ experience with fracking industry, is this sentence:

Every two weeks, driller Sean . . . → Read More: Is being sent to Pennsylvania as bad as an assignment on a North Sea oil rig?

The Emperor is Naked: David Stockman

A “paralyzed” Federal Reserve Bank, in its “final days,” held hostage by Wall Street “robots” trading in markets that are “artificially medicated” are just a few of the bleak observations shared by David Stockman, former Republican U.S. Congressman and director of the Office of Management and Budget. He is also a founding partner . . . → Read More: The Emperor is Naked: David Stockman

Insourcing vs. outsourcing government functions: A setback for public sector production of elementary education

A recurrent theme in the field of public administration is the appropriate separation, between things done within government qua government, versus the things that are best contracted out.

Example: A fascinating question in finance is the supervisory role of exchanges. Do we want exchanges to be rule makers and the front line of supervision, . . . → Read More: Insourcing vs. outsourcing government functions: A setback for public sector production of elementary education

Economic Events on May 7, 2012

At 3:00 PM Eastern time, the Consumer Credit report for March will be released.  The consensus estimate is that there will be an increase of $9.8 billion in the consumer credit available, after an increase of $8.7 billion in the previous month.