Unspinning the Unemployment Numbers

Last Friday, a Bloomberg.com headline read: “U.S. Stocks Gain, Treasuries Drop as Unemployment Rate Declines.” Let’s have a look at the reported decline in the rate of unemployment. Do you believe that the U.S. auto industry added 28,000 jobs in July amidst the GM bankruptcy, ...

Our Expiring Economy

Tent cities springing up all over America are filling with the homeless unemployed from the worst economy since the 1930s. While Americans live in tents, the Obama government has embarked on a $1 billion crash program to build a mega-embassy in Islamabad, Pakistan, to rival the one the Bush ...

Lies, Damned Lies, and Statistics

Last week on NPR, a professor in the Sloan School of Management at MIT explained that what is really at stake in the health-care bill is the U.S. government’s ability to borrow. In other words, the bill is about cutting health-care costs, not about providing hard-pressed Americans with health ...