Chart Of The Day: The Housing Bubble Has Not Fully Deflated

The housing market that existed from the late 1990s until 2007/08 was an historical anomaly, and anyone expecting a return to those days is fooling themselves.

College Athletics Losing Money

Despite raking in billions of dollars in television, ticket, and licensing revenues, all but 14 of the 106 schools in the NCAA’s top athletic division lost money in 2009. The median loss was over $10 million.

2nd Quarter GDP Growth Revised Downward To 1.6%

Another set of bad economic numbers are out today, and one wonders when we’ll start getting the good news.

Ireland’s Credit Takes a Hit

A combination of news and some lunchtime satire.

US Capitol Rotunda US Capitol Rotunda

Boehner To Obama: Fire Your Economic Advisers

House Minority John Boehner is getting a lot of attention for calling for mass firings at the White House. The real news, though, is that his speech is shifting the focus of the political conversation back to the economy. Which is just what the GOP needs.

Once Again, Nobody Wants A Dollar Coin

Take a good look at that dollar coin, because you’re unlikely to see it circulation any time soon.

Should We Be More Like Germany?

What do the critics mean when they say that the United States should be more like Germany?

Women’s Work Pays Less – And It Should

Career fields dominated by women tend to pay less than those dominated by men. But gender discrimination isn’t the main reason.

Wheat Bread Outsells White Bread

Yet another sign that the America of my youth is dead: whole wheat bread is outselling white bread.

Parking Space Economics

Free parking is a very inefficient use of land resources that wouldn’t exist without government mandates and subsidies. Is it time to end the practice?

Obama: Don’t Raise Taxes During Recession

A year ago, President Obama was emphatically against raising taxes during the recession — even on the rich.

Federal Workers Earn Twice Private Sector Counterparts?

The average federal government employee earns twice as much as the average private sector worker. An outrage? Not so much.

Attractive Women Face Hiring Discrimination

Attractive women face discrimination when applying for “masculine” jobs. The benefit from their attractiveness in all other jobs, however.

For-Profit Universities

For-profit universities are defrauding their students. Indeed, it’s their business model.

The Definition Of Insanity: Real Estate Edition

Lenders and Borrowers seem poised to make the same mistakes that brought about the last Housing Bubble all over again.

Krugman vs. The Actuaries on Medicare

Paul Krugman’s Medicare projections don’t line up with what the actuaries are telling us.

Another Anemic Employment Report Confirms: No Recovery Summer

Another bad jobs report demonstrates that the “recovery” is an illusion for many people.

Christina Romer Leaving White House

Council of Economic Advisors chair Christina Romer becomes the latest senior official to leave the Obama White House.

A-Rod’s Home Run Ball Tax Implications

If you needed more proof that our tax system is far too complicated, consider the case of Alex Rodriguez’ 600th home run ball.

Google and Verizon Test Net Neutrality

Congress has been wrestling with the net neutrality issue for years. Two major players may force a decision soon.

Limits of Transparency

If lawyers and MBAs don’t understand their mortgage documents, what chance do the rest of us have?

Democrats’ “New” Strategy: Blame Bush

The Democrats are pulling a trick from the Reagan playbook for the fall campaign. They might want to rethink that.

The Wall Street Journal Versus Moral Responsibility

In arguing against lifting liability caps on offshore drilling, the Wall Street Journal is arguing against both moral responsibility and the free market.

David Stockman’s Scathing Indictment Of GOP Fiscal Policy

Twenty-five years after retiring as President Reagan’s Budget Director, David Stockman is back with a scathing indictment of Republican fiscal policies over the past four decades.

Chevy Volt: Game Changer Or Electric Edsel ?

General Motors, and Barack Obama, are betting the future on a car that may be nothing more than an electric lemon.

So Much For “Recovery Summer”

The latest GDP numbers are nothing but bad news for Democrats.

Wonkery vs. Reality

The concentration of policy wonks in the Washington-New York-Boston corridor produces skewed analysis.

Glenn Beck – Goldline Scam

If you’re buying your gold from Glenn Beck, you’re a fool.

All Lawyers Aren’t Rich!

Some lawyers make a fabulous salary right out of law school. Most don’t.

Is Megan McArdle Always Wrong?

Megan McArdle cites an academic article someone disagrees with, proving she’s a dishonest hack.

Political Fight Over Expiring Bush Tax Cuts Heats Up

Congress and the White House are starting to stake out sides in the upcoming battle over extending the Bush tax cuts.

Europe Passes Stress Test

84 of 91 European banks passed their stress tests. How will investors react?

Journalists: Offline Publications Doomed

A rare case of a headline underhyping the story: “Survey: Half of Journalists Think Their Offline Publications Will Eventually Fold.”

Facebook Nation

Unemployment Duration

Most research shows that unemployment benefits/insurance increases the duration of unemployment.

#ATTFAIL Hashtag

The inside story about a crappy wireless network’s loveless marriage with a beauty queen phone.

Steve Jobs: Phones Suck

Steve Jobs took the heat off his crappy iPhone 4 by pointing out that other phones suck in different ways.