Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (52907)	2/7/2006 3:27:26 AM
From: shades	Respond to of 110194

Who Does Reuters Write For? delong.typepad.com Matthew Yglesias thinks he detects overclass media bias: TPMCafe \|\| Overclass Media Bias : Reuters: "Average hourly earnings rose to $16.41 in January from $16.34 in December. In the 12 months through January, earnings have risen by 3.3 percent, the largest for any 12-month period in nearly three years, since February 2003." I can think of a few things one might want to follow that up with. Perhaps one would observe that this will boost the Republican Party's contention that after some troubles the economy is back on track. Or maybe one would observe that despite this bit of good news, wage growth throughout this recovery has been pathetic by historical standards notwithstanding strong profit growth. Or maybe a quick and easy "hooray!" would be in order. But no: "The wage data is likely to fan concerns that steady job growth is pushing up demands for wage rises and that could help foster broader inflation." If your wages had been slowly dropping for years and just recently started inching back up, I doubt this would be your primary worry. Ah. You see, Reuters writes for bond traders. When the Fed raises interest rates, the value of the bonds they hold go down. So anything, anything at all that threatens to raise inflation and so induce the Fed to raise interest rates will be reported as bad news.

To: NOW who wrote (52907)	2/7/2006 3:30:40 AM
From: shades	Respond to of 110194

delong.typepad.com Real Wages Peter Gosselin of the LA Times on income insecurity: latimes.com latimes.com latimes.com latimes.com Also: j-bradford-delong.net j-bradford-delong.net BLS Employment Situation Report: ftp://ftp.bls.gov/pub/news.release/empsit.txt Economist Larry Katz and company on growing wage inequality: economistsview.typepad.com Floyd Norris: nytimes.com Jim Hagerty on America's fastest-growing employment category: real estate agents: online.wsj.com Daniel Gross on income risk and Social Security: select.nytimes.com Louis Uchitelle on people in grey flannel suits: nytimes.com Posted by Brad DeLong on February 06, 2006 at 02:57 PM in Economics, Journalism School--Spring 2006 \| Permalink \| Comments (1) \| TrackBack (0)

To: NOW who wrote (52907)	2/7/2006 3:37:20 AM
From: shades	Respond to of 110194

Why Are There Any Republican Scientists at All? delong.typepad.com The real question is not why are there so few Republican scientists and academics, but why there are any at all: Pharyngula quotes : In October 2005, Mr. Deutsch sent an e-mail message to Flint Wild, a NASA contractor working on a set of Web presentations about Einstein for middle-school students. The message said the word "theory" needed to be added after every mention of the Big Bang. The Big Bang is "not proven fact; it is opinion," Mr. Deutsch wrote, adding, "It is not NASA's place, nor should it be to make a declaration such as this about the existence of the universe that discounts intelligent design by a creator." It continued: "This is more than a science issue, it is a religious issue. And I would hate to think that young people would only be getting one-half of this debate from NASA. That would mean we had failed to properly educate the very people who rely on us for factual information the most." Deutsch is 24 years old, having just graduated with a bachelor's degree in journalism a few years ago. As a reward for being a loyal Republican party apparatchik, he has been generously appointed to be a Political Officer enforcing doctrine over a bunch of high-falutin' rocket scientists. Shades of Lysenko! It must have been a heady feeling to have the power to dictate ideology to a lot of scientists with Ph.D.s.