More solar jobs is a curse, not a blessing

More solar jobs is a curse, not a blessing

By Paul Driessen / Mises Wire Citing U.S. Department of Energy data, the New York Times recently reported that the solar industry employs far more Americans than wind or coal: 374,000 in solar versus 100,000 in wind and 160,000 in coal mining and coal-fired power generation. Only the natural gas sector employs more people: 398,000 workers […]

Investigating curious anomalies in GDPNow and Nowcast GDP estimates

Investigating curious anomalies in GDPNow and Nowcast GDP estimates

By Mike “Mish” Shedlock As of last Friday, the Atlanta Fed GDFPNow model for the second-quarter GDP stood at 3.4%. In contrast, the FRBNY Nowcast report was 2.2%. This is yet another large gap, albeit smaller than the ones we saw for the first quarter. What’s more interesting is some of the recent gyrations. What’s […]

Chicago cabbies say industry is teetering toward collapse

Chicago cabbies say industry is teetering toward collapse

From Freedom’s Phoenix Operators of the nation’s second-biggest taxi fleet are now accelerating toward their long-rumored extinction, edging towards becoming virtual dinosaurs in the era of ride-sharing monsters Uber and Lyft. Cabbies have long grumbled that the sky is falling as they lose ground to ride-sharing companies. Now, cabbies in Chicago are pointing to new […]

With privacy legislation, Congress can safeguard the digital domain

With privacy legislation, Congress can safeguard the digital domain

By David Williams / Taxpayers Protection Alliance Seemingly overnight, sending an email has become fraught with peril. Every day, we hear reports about phishing scams and malevolent viruses designed by cybercriminals and belligerent governments alike. But, unknown to many surfers of the digital domain, our own government has exploited loopholes and ambiguities in current law to snag important user […]

Amazon Echo, Google Home devices raise privacy rights questions

Amazon Echo, Google Home devices raise privacy rights questions

Legal experts say Congress and the states need to step in to protect Americans’ privacy rights from the proliferation of voice-activated personal assistant devices such as Amazon’s Echo and Google’s Home, after a murder case in Arkansas raised questions about how much the devices are hearing – and whether the government can demand access to […]

Ajit Pai undoes excessive control of the internet

Ajit Pai undoes excessive control of the internet

By Johnny Kampis / Taxpayers Protection Alliance The Federal Communications Commission (FCC), led by Chairman Ajit Pai, voted 2-1 on May 18 to begin the process of reversing Obama administration policies that classified internet service providers as Title II public utilities and put them under the agency’s thumb. Advocates of the change hope that removing the […]

Robert Shiller is shilling for the state

Robert Shiller is shilling for the state

By Mark Thornton / Mises Wire Nobel prize winning economist Robert Shiller recently revisited the Housing Bubble in an article published in the New York Times (“How Tales of ‘Flippers’ Led to a Housing Bubble,” May 18, 2017). He is troubled by the lack of consensus on what caused the bubble-bust that left the world […]

Spring housing flop: Existing home sales decline 2.3 percent, inventory issues persist

Spring housing flop: Existing home sales decline 2.3 percent, inventory issues persist

By Mike “Mish” Shedlock The widely expected Spring housing acceleration has turned into a big flop. Yesterday, the Census Bureau reported new home sales declined 11.4% in April. Today, the National  Association of Realtors (NAR) reports existing home sales declined 2.3%. The Econoday consensus estimate for existing home sales was 5.650 million seasonally adjusted annualized […]