Why Americans Won't Do Dirty Jobs

An incredible report in Alabama for its immigration policy change.

Empire State of Mind

9/11 Tribute.

Calculated Risk's Links

Calculated Risk collects this wonderful links for economic data source.

Charting the American Debt Crisis

From NYT.

Bullish US Economy

The view from Robert Doll.

China's Rising Wages Propel U.S. Prices .

From WSJ:

During China's 30 years of economic growth, hundreds of millions of factory and urban jobs soaked up surplus rural farm labor. In the past three or four years, he says, that extra labor has been exhausted.

Many analysts predict that China's vast labor force will begin declining in the next year or two, the result of family-planning policies. Others say there's already a shortage of the most active members of the factory floor, workers aged 15 to 34. That group has been steadily declining since 2007, according to Jun Ma, Deutsche Bank's chief economist for Greater China. A shrinking work force will need higher salaries to support an expanding population of elderly.

Plans for Slashing Corporate Taxes Worry Some Firms .

From WSJ:

Under the current thinking, Treasury officials would propose lowering the U.S. corporate rate from the current 35%, among the world's highest, to the upper 20s.

To offset the lost revenue that would come with a major rate reduction, the plan would likely call for reducing or eliminating major business deductions, such as for accelerated depreciation.

But in addition, administration officials have been considering ideas that could result in different tax treatment and possibly higher taxes for some large businesses that are organized as small businesses, according to people familiar with the situation. In particular, small-business representatives worry that the administration will seek to force the largest of those businesses to pay corporate taxes in addition to what they pay now.

Taxing China's Assets

Foreign Affairs has this interesting article for a policy dealing with China's currency manipulation.

WSU Homepage

I like this homepage picture of Winona State University. It has a charming Midwest style: simple, pure, and vigorous.

For Undergraduate Business Education

From Chronicle of Higher Education.
Employers want to hire 22-year-olds who can write coherently, think creatively, and analyze quantitative data.

Big U.S. Firms Shift Hiring Abroad

Here.

President Obama’s Framework for $4 Trillion in Deficit Reduction

Here.

Is the Market Overvalued?

Famous and university Shiller vs unheard and Wall Street Bianco. Which one do you believe?

Jeff Miron on Healthcare

I agree mostly with his proposals.

Employment to Population Ratio

What a bad recession we had!

Immigration Bills Rile Farmers

From WSJ. Baloney in the article: They argue that the legislation will drive Mexican workers out of their states, and that there aren't enough American workers willing to pick crops. I think the truth is that these farmers do not want to make less money by paying their fellow unemployed Americans a little bit more wage. So one common-sense solution to our nation's persistent high unemployment is continually cracking down illegal immigrants.

Medicare Records Reveal Troubling Trail of Surgeries .

A case that helps explain why our health care cost is so high.

State Tax Revenue Snaps Back

From WSJ.

Funny News and Stupid Robotraders

Hathaway conquers sage and screen.

Unsustainable Budget Threatens U.S.

Ten former CEA chairmen agree on this, which is not easy. I hope Congress and the president will do the same.
The document "the moment of truth" is here.

China's Debt Burden Limits Policy Leeway

From WSJ.

Hispanics Surge in California .

From WSJ.

State Pension Value

State pension systems had an estimated funding ratio of 69% for fiscal year 2010, ending June 30, up from 65% for fiscal year 2009.

Beijing Will Use New Credit Gauge

From WSJ.

Are America's Best Days Behind Us?

By Fareed Zakaria from Time.

China is About to Slow Down

Barry Eichengreen says that the a significant slowdown in China gorwth is imminent.

Jobless Rate and Labor Force Participation Rate

WSJ article and an excellent interactive graph for the labor force participation rate.

The Challenges of Long Term Unemployment

Econbrowser has a good summary for this issue.

Freeman on Labor Unions

Harvard's Freeman talks about labor union in an interview.

Emerging Risks

From WSJ.

States Fumble Revenue Forecasts .

From WSJ.

The 25 Best Financial Blogs

The list is from Time.

Top 20 Articles in American Economic Review

Here.

Happy Chinese New Year

Happy Chinese New Year, 100 Anniversary of ROC.

Five Books that Shiller Recommends

Here.

States Budget Outlook

States Continue to Feel Recession’s Impact.

Local Revenues Climb as Economy Recovers.

US States' GDP Equivalents

A very informative map.

Rogoff Forecasts Currency 2011

Armageddon Can Wait by Ken Rogoff.

Mankiw Wrote to Obama

The letter from Mankiw to Obama: How to Break Bread With the Republicans.
One interesting and important sentence:
"Take care of the ____ run and the ____ run will take care of itself."