Monthly Archives: September 2010

Will It Work and How Will We Know? The Future of Financial Reform Conference.

Next Monday, October 4th, I’ll be holding a conference for the Roosevelt Institute titled “Will It Work and How Will We Know? The Future of Financial Reform Conference.” Here at the Roosevelt Institute we’ve fought for financial reform over the … Continue reading

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Chamber of Commerce Issues First Lawsuit over Dodd-Frank FinReg

Shots fired! From Dealbook, what I believe is the first lawsuit related to Dodd-Frank specifically has been issued by the Chamber of Commerce and Business Roundtable: The United States Chamber of Commerce and the Business Roundtable on Wednesday sued the … Continue reading

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Charles Calomiris on High LTV, Then and Now

Charles Calomiris has an editorial in the FT calling for lower loan-to-value (LTV), Time to introduce minimum downpayments for mortgages: Without high leverage the subprime boom and bust could not have happened. Risky no-docs borrowers would have been unwilling to … Continue reading

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More on the Florida Foreclosure Nightmare

We just discussed the nightmare situation in Florida, which is likely to spin out nationally. Before I tell you more about what I think about the Florida situation, I’ll tell you I was raised by a family in law enforcement, … Continue reading

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Pew Economic Mobility Project: Incarceration’s Effects on Economic Mobility

I think the gigantic increase in the United States’ prison population and sentencing norms over the past 30 years is one of the largest drivers of inequality and stagnating wages that doesn’t get discussed in the generic inequality story. So it … Continue reading

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Florida’s Foreclosures Nightmare

Given that the IMF and others believe a large part of the “structural unemployment” in our country is related to the struggling housing market and underwater and barely-hanging on homeowners, what is to be done? One option is to allow … Continue reading

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Clinton on Structural Unemployment

I saw Bill Clinton on Letterman explaining that for the “first time new job postings are opening up twice as fast as job hires….because of skills mismatch….[unemployment would drop] 9.6 to 6.9″ last Monday, the night the Labor Market paper … Continue reading

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Foreclosure Unemployment as Anti-Stimulus Proxy; Cost-Benefit Analysis of Policy Action.

UPDATED at end. Let’s flesh out the relationship the IMF found between foreclosures and “structural unemployment”, where education-mismatch were estimated to account for 0.5% of unemployment and foreclosures estimated to account for 1.0% to 1.25% of unemployment. I think it’s … Continue reading

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On the Demand for Quality Labor

Niklas Blanchard at Modeled Behavior has the money chart: The report from the Small Business Economic Trends shows that business concerns about the quality of labor is at an all-time low. Putting emphasis on education, training and human capital is … Continue reading

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EPI Paper: Reasons for Skepticism About Structural Unemployment

It’s been a bad week for the argument that our current employment crisis is mostly “structural.” Here’s EPI with Debunking the theory of structural unemployment and their new paper Reasons for Skepticism About Structural Unemployment (pdf) by Lawrence Mishel, Heidi … Continue reading

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