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  • April 2011
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links for 2011-04-01

  • Quote:"The study then finds that, according to Labor Department projections, fewer than 13 percent of jobs to be created by 2018 will meet the economic security threshold for a single parent with two kids. Forty-three percent of those jobs will meet the threshold for a two-income household.

    In other words, most of the jobs of the future aren't likely to pay enough to offer the kind of stable, middle-class existence that for much of the 20th century was seen as the American birthright.

    // Maybe we can tax those jobs into the middle class.

  • Quote:"If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.

    It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?

    // Read the whole thing.

  • Quote:"So far this year the bugs have been spotted as far west as California, in Minnesota to the North and Florida in the South.
    According to USA Today the eight states recently infected are Arizona, Iowa, Georgia, Michigan, Minnesota, Vermont, Washington and Wisconsin.

    // Ugh

  • Quote:"Benbrook Police sergeant John Van Ness said that officers were alerted to the killings, which apparently occurred on the school's baseball field March 17 and 18, by officials from the Fort Worth school district.

    The Tarrant County Juvenile Court would decide whether to prosecute the two players, he said, adding that the animal cruelty charge the teenagers face is a state jail felony, carrying a maximum two-year jail sentence and a fine of up to $10,000.

    // Is eating chicken illegal in Texas?

  • Quote:"Porky’s, a drive-in burger joint that’s operated in the Midway since 1953, is closing up because of the light rail. How can you run a drive-in with no cars? Traffic is a burgeoning nightmare on University, and it’s going to get worse for the next three years, and then…it’ll stay bad.

    // Porky's, one of my favorite spots on the Burger Tour, has closed. Ugh.

  • Quote:"Lacker's comments echoed those by another inflation hawk, Minneapolis Fed President Narayana Kocherlakota, who told the Wall Street Journal Thursday that the Fed could raise benchmark borrowing costs, which are now close to zero, by three-quarters of a percentage point by the end of the year,

    // This is the first time any of the Fed people have talked openly about inflation. Good news, bad news? never too sure when it comes to monetary mischief.