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As airlines often do, last week, United Airlines overbooked a flight. But this time, all was not well. Overbooked flights are nothing new. According to the Federal Transit Authority, U.S. airlines convinced over 400,000 passengers to give up their seat on an overbooked flight in 2016. Thousands more passengers were simply not allowed to board […]READ MORE
Following last Friday’s jobs report, new labor market indicators show some mixed results but the net take-away is that the labor market has good momentum and the U.S. economy is likely to continue creating jobs at a healthy pace over the next few months. The Job Openings and Labor Turnover Survey (JOLTS) from the Bureau […]READ MORE
What if progressives could provide health insurance to millions, send millions more to college, and keep organizations like the National Endowment for the Arts and PBS fully funded? What if those moves couldn’t be fought by the Trump administration? Private giving is often neglected in our heated and polarized debates about what the government should […]READ MORE
The Euro zone CPI data continues to show the rising trend we commented here (read). In January inflation rose by 1.8% year-on-year, the highest reading since February 2013. However, while inflation expectations rise, markets remain stale. The stock market is not showing any boost from this reflation trend. Why? Inflation is up mainly due to energy’s positive […]READ MORE
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