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I'm back - and, as you can see from the time of posting, jet-lagged up the wazoo. Also, now I have to deal with matters parental, which means very limited blogging for a while. But I did want to say something about President Obama's new climate initiative - which has, by the way, received weirdly little coverage.

RAMALLAH, February 22, 2015 (WAFA) - The West Bank overall economy has witnessed a decline in aggregate demand for the second consecutive month, mainly due to partial payment of public sector salaries, due to Israel's withholding of clearance revenues, according to the Palestine Monetary Authority (PMA).

Nearly five years since the recession ended in June 2009, economic policy discussions continue to focus on dubious short-term countercyclical measures to "stimulate demand." The Economic Report of the President for 2014 wastes an entire chapter rehashing the jobs supposedly "saved or created" by the 2009 fiscal stimulus and Federal Reserve easing.

More than four years since the Great Recession ended in June 2009, the unemployment rate is 7.3%, a big improvement from the high of 10% in the fall of 2009. Unfortunately, the rate is hugely misleading: Most of that improvement was for all the wrong reasons. This is an article that focuses on the unemployment rates in USA since the 2009 Recession. By reading this article many can be learnt about why the unemployment rates are such or how healthy the labor market of USA is.

We've another of those calls to arms over the loss of American manufacturing jobs. From the usual suspects, the Alliance for American Manufacturing (a lobby group of a few manufacturers and the United Steelworkers). They claim that Japans's "currency manipulation" has been responsible for the loss of 900,000 jobs in [...]