Submitted by unsettling economics
http://strangemaps.wordpress.com/2007/11/04/200-japan-looks-like-its-phillips-curve/
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Submitted by The Capital Spectator
Judging by this morning’s update of the ISM services industry index for October, the economy doesn’t look all that bad. But there are an infinite number of ways to judge the economic outlook and it appears that for the moment more investors are inclined to judge the glass as half empty […]

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Submitted by Econbrowser
I find it interesting that one of the big drags on economic growth — namely high oil prices — is at least partially self-induced by United States policy.
Continue reading “Policies for a Slowdown: Pushing up Oil Prices”
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Submitted by Businomics Blog
Frequently-quoted statistics seem to show that middle class incomes are stagnant at best, falling at worst. That’s apparently not the case. In a new study by a Federal Reserve Bank of Minneapolis economist, different estimates are put on a uniform inflation adjustment, and benefits are added in, resulting in the […]

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Submitted by CARPE DIEM
We’ve been having a lively discussion on Sweden and the EU, vs. the USA for standard of living, per capita income, etc., based on this post, this post and this post.
Thanks to Ironman at Political Calculations blog, there is now an updated, dynamic, sortable database at this link based on 2006 data.
If […]

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Submitted by CARPE DIEM
From economist Steven E. Landsburg’s recent Slate.com column (”Save the Earth in Six Hard Questions: What Al Gore doesn’t understand about climate change”):
There is nothing particularly peaceable about Gore’s rhetorical approach to climate policy. At his most pugnacious, Gore has depicted the fundamental trade-off as one between environmental responsibility and personal greed. […]

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Submitted by CARPE DIEM

SHANGHAI, China (AP) — PetroChina became the world’s first company worth more than $1 trillion on Monday, surging past Exxon Mobil as the Chinese oil producer’s shares nearly tripled in their first day of trading in China (see chart above, click to enlarge).
Adding the value of PetroChina shares traded in Shanghai, Hong […]

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Submitted by CARPE DIEM
BEIJING — China has the world’s fifth largest number of households with more than $1 million in liquid assets, trailing only the U.S., Japan, Britain and Germany, said a report released by the Boston Consulting Group.
There were 310,000 Chinese millionaires at the end of 2006, up from only 124,000 in 2001, […]

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Submitted by CARPE DIEM
From yesterday’s Washington Post:
When U.S. sugar farmers needed help this summer defending a $1 billion, 10-year subsidy plan in a new House farm bill, they found it in some surprising places.
The House sugar vote illustrates the hold that agricultural interests maintain on farm policy even as the number of full-time commercial farmers […]

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