Apple, Cisco, and the Dow Jones Industrial Average.

I’ve never been thrilled with the Dow as an indicator of the health of the economy (just thirty companies are factored in, using some pretty crude calculations), but Adam Nash has done the math on one facet of why it’s lousy. Famously, in 2009, Dow Jones dropped GM, and added Cisco to the DJIA instead […]

New York Times: Inside the Fed in 2006—A Coming Crisis, and Banter

“The transcripts of the 2006 [Federal Reserve] meetings, released after a standard five-year delay, clearly show some of the nation’s pre-eminent economic minds did not fully understand the basic mechanics of the economy that they were charged with shepherding.” It’s a significant understatement to say that they didn’t “full understand” the economy. Their discussions make […]

Links for November 15th

FDIC Bank ClosingsI was curious where banks closed by the FDIC tend to be located, so I put together this visualization. (You have to click on Visualize -> Map.) Turns out they're mostly in Florida and Georgia which are—surely not coincidentally—hot spots for home foreclosures. Almost all of these closings were after mid-2008. Pew Charitable […]

Links for November 13th

Harvard Business Review: Put Your Best People On Your Most Boring ChallengesI agree completely with this suggestion that the exciting work shouldn't be saved for enthusiastic, capable employees. The most interesting, important, effective work that I've done professionally was working on tasks or projects that were considered boring. This summer the FDA asked me to […]

Links for October 20th

Planet Money: What If We Paid Off The Debt?Back in the good old days—before President George W. Bush, before fighting two wars, before September 11th, before a huge tax cut paid for with debt—it looked very much like the entire debt would be paid off by 2012. In producing the final Economic Report of the […]

Links for September 9th

Washington Post: Poll Finds Public Wary on Tax CutThe A1 headline in the Washington Post on the morning of September 11, 2001 was for this prescient story: "A majority of Americans say they are prepared to roll back President Bush's $1.35 trillion tax cut to help deal with the shrinking federal budget surplus and say […]

Links for September 6th

ThinkProgress: The Conservative Recovery Teeters Into Recession17,000 new jobs were created by the private sector last month. 17,000 jobs were eliminated by the public sector last month. Bummed by last month's flatlining of job growth? Thank a congressman. New York Times: Rep. Shelley Berkley’s Cause Is Often Her Husband’s GainShe's a strong supporter of (admittedly […]

Links for August 2nd

Aloha EditorI love this HTML5 WYSIWYG editor. They had me at the introductory paragraph, what with the editing of it. I haven't implemented it anywhere, but I love the concept. Slow Clap for CongressDear Congress, For your leadership, your maturity, and your inspiring ability to perform the basic duties of your job, We applaud you. […]

Links for July 25th

New York Times: Policy Changes Under Two PresidentsThis chart of new costs versus savings under Presidents Bush and Obama is really striking. The total cost of Obama's new policies comes to $1.44T. Bush's? $5.07T. Just his tax cuts alone cost more than Obama's policies, at $1.8T. Once you figure in two wars, TARP, and the […]