Yet, somehow, Jon Corzine is still roaming the streets looking for his next financial fraud scheme. I have almost lost my ability to be surprised by anything Mr. Holder and his partners in crime dream up. Continue Reading →
A good part of this drop was caused by the ongoing decline of the number of workers in the labor force. The labor force participation rate dropped sharply to 64.1%. This is the lowest participation rate since 1983’s 64.0%. Anyone who argues that the drop in the unemployment rate signals an improving economy should be forced to recycle their Ph.D. in economics into aluminum beer cans. Continue Reading →