This paper explores the formation of households' wage and inflation expectations using a common dataset and framework, documenting a number of stylised facts. We find that households tend to form wage and inflation expectations somewhat differently. Households associate higher wages growth with good economic outcomes, but higher inflation with worse economic outcomes. Wages expectations also tend to be somewhat more forward looking, while inflation expectations are more backward looking, especially for lower income households, and place a disproportionate weight on past fuel prices. These findings paint a picture of households having a somewhat 'supply-side' view of inflation, where shocks that push up inflation also weaken the economy, but a more 'demand-side' view of wages, where shocks that push up wages also strengthen the economy, which may make communication of monetary policy and the outlook more challenging.
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You won’t be surprised that the latest head of the NRA is a charter member: Douglas Hamlin, who was appointed to lead the NRA this summer in the wake of a long-running corruption scandal at the gun rights group, was involved decades ago in the sadistic killing of a fraternity house cat named BK, according to several local media reports at the time. Hamlin pleaded no contest to a misdemeanor charge of animal cruelty brought against him and four of his fraternity brothers in 1980, when he was an undergraduate student at the University of Michigan at Ann Arbor. The charge was brought against Hamlin under a local Ann Arbor ordinance. All five members of Alpha Delta Phi were later expelled from the fraternity. The details of the case, described in local media reports at the time, are gruesome. The house cat was captured, its paws were cut off, and was then strung up and set on fire. The killing, which occurred in December 1979, was allegedly prompted by anger that the cat was not using its litterbox. The case caused such a furore locally that some students and animal rights activists wore buttons and armbands in memory of BK.
Inner West DJ, Anthony ‘Albo’ Albanese, has been forced to move up to the central coast after his trendy inner city suburb of Marrickville become too expensive for him. ”Times are tough you know, the DJ gigs aren’t as plentiful... Read More ›
Julie Sedivy on the 3 greatest revelations she had while writing her new book Linguaphile.
The post What Language Reveals About Us appeared first on Nautilus.
Here’s a story in the NY Times about a phenomenon that should have been investigated long before now. We know there are a bunch of true believers out there who dress up in stars and stripes regalia and deck out their trucks and boats for Trump. But that’s just the hardcore of the Trump base. What about the rest of them? The Times interviewed some of them at Trump’s Detroit economic club interview. They know he’s a liar so they think he’s lying about all the terrible stuff he plans to do in his second term. So they’re fine with him: There were a few hundred people there. They were not the sorts of people one encounters at a Trump rally. They weren’t construction workers or truck drivers or forklift operators; they carried business cards and had very active LinkedIn pages. They did not wear red hats or T-shirts with images of Mr. Trump’s bloodied face; they wore windowpane suit jackets and loafers and rather conspicuous cuff links. They did not want to hear about “one really violent day” or about the deep state or the Marxists or the fascists or any of the other radical or antidemocratic visions that Mr.
Bob Woodward’s book “War”: Steady and purposeful. That’s what we all signed on for in 2020 and for the most part we got it. (Israel-Gaza remains a conundrum…) Biden’s legacy is secure, especially considering his Washingtonian exit. He did well under very difficult circumstances.
For weeks the press was obsessed with Biden’s “age problem,” examining everything from the shoes he wears to his sleeping habits. They demanded that his doctors appear before the media and take questions even after they testified to his good health. They pored over white house logs to determine if a specialist was secretly visiting him. Ok, fair enough. His performance at the debate in June validated the idea that he was no longer the man he once was and that another four years was probably too much. Then the younger Kamala Harris replaced him and they have dogged her mercilessly for failing to give enough interviews feeding the Trump campaign’s theme that she’s avoiding the press because she’s incapable of doing them. Now she’s talking to anyone who will listen, even Fox news tomorrow and possibly Joe Rogan’s podcast. They still don’t seem satisfied.
Sverige står inför en stor underhålls- och investeringsskuld som inte går att möta med nuvarande budgetregler. Arena Idé har i två tidigare delrapporter redovisat de offentliga investeringsbehoven, samt utvärderat de samhällsekonomiska effekterna av dagens finanspolitiska ramverk, med anledning av den parlamentariska översyn som just nu pågår. Nu presenteras den tredje och sista delrapporten där ett […]
Are my hot flashes due to an estrogen imbalance or a rapidly warming planet hastened by unaccountable oil barons who own our elections?
Am I irritable because my progesterone is low, or because social media has turned my prefrontal cortex into a 24-7 whack-a-mole game to sell me Norwegian wrinkle cream?
Do I have hormonal brain fog, or am I just lost in a for-profit insurance company’s updated phone tree?
Is my dwindling libido estrogen-related, or did I get a mid-coitus push notification that democracy might be dead because of Logan Paul’s YouTube?
Is urinary incontinence a symptom of perimenopause, or are my bladder muscles atrophied from too many years wearing diapers on the floor of an Amazon warehouse?
Is my hair thinning, or am I ripping it out because a thirty-four-time convicted, sexually abusive steak salesman with a Hannibal Lecter fetish is five points ahead in Arizona?
Are my migraines hormonal, or am I thinking too hard about how Peter Thiel has more money than all nurses on Earth combined?
Here’s a hunched over, tired Trump looking like he slept in his make-up and just decided to trowel on more doing a “beautiful” job on Bartiromo: That’s the one that got him in trouble saying that he was going to all out the military on “radical leftists.” Then yesterday he held a “town hall” Pennsylvania in an overheated venue, with puppy killer Kristi Noem asking the questions. He took a few and then some people fainted from the heat and they never went back to the questions. The Washington Post wrote this up: The town hall, moderated by South Dakota Gov. Kristi L. Noem (R), began with questions from preselected attendees for the former president. Donald Trump offered meandering answers for how he’d address housing affordability and help small businesses. But it took a sudden turn after two attendees required medical attention. And so Trump, after jokingly asking the crowd if “anybody else would like to faint,” took a different approach. “Let’s not do any more questions. Let’s just listen to music. Let’s make it into a music.
It feels impossible to sit and write amidst the constant grief and urgency demanded in this ongoing genocide. Yet we feel compelled to write—compelled to…
Does the Conservative Party support or oppose the idea of hereditary peers? Most of them won’t say…
Det går ett monster fram över det svenska utbildningssystemet — utvärderings- och evidensbaseringsmonstret. Med ökad betoning av resultatstyrning följer en strid ström av krav på att redovisa kvalitet och resultat. För att mätta uppdragsgivarnas hunger efter utvärderingsinformation tvingas skolan avsätta mer och mer resurser och tid för denna verksamhet. I stället för att lita på […]
Dear Misleader is running out of time JIMMY KIMMEL: “Just a former presidency suggesting he’ll use the military against his fellow citizens for exercising their freedom of speech. Nothing to worry about, folks. Seriously, when is he going to grow that little mustache already? Because there’s only three weeks left, you gotta get started.
Byline Times investigation finds that 40% of all sexual offences committed by Royal Air Force personnel between 2014 and 2024 involved children