French, German, Italian and British equilibrium unemployment rates, 1968 – 2017

Unlike the USA, the German, Italian, British and French equilibrium unemployment rates all show fluctuations that reflect changes in their underlying economic circumstances and labour market reforms. The case of the British, the rise of the British disease and Thatchernomics. The case of German, its equilibrium unemployment rate rose after German unification and then fell after the labour market reforms of 2002 to 2005.

image

Source: OECD Economic Outlook November 2015 Data extracted on 10 Nov 2015 07:07 UTC (GMT) from OECD.Stat.

Capitalism does this every day! What do @Oxfam and @Greenpeace do?

Spectacular & Cynical US Government Temperature Fraud In Illinois

Real Science

In 1984, the Chicago Tribune reported Illinois had cooled 3.5 degrees, as greenhouse gases increased since the 1930s.

2015-11-10-00-24-10

2015-11-10-00-29-47

Chicago Tribune Archive | April 23, 1984

NOAA has since made most of this 1930 to 1980 cooling disappear, created a long term warming trend, and turned 2012 into the hottest year on record in Illinois.

NCDCIllinoisAverageTemperature

Let’s have a look at the spectacular fraud NOAA is engaged in with Illinois maximum temperatures. They show a long term warming trend, with 2012 being by far the warmest on record.

NCDCIllinoisMaximumTemperature

Climate at a Glance | National Centers for Environmental Information (NCEI)

This NOAA trend is completely fraudulent, and in fact 2014 was by far the coolest year on record in Illinois.

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The next two graphs show the massive data tampering NOAA is engaged in at Illinois.

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They created their fake warming trend by cooling the past 2.5 degrees relative to current temperatures.

2015-11-10-00-22-59

Over the last 20…

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Facts about People Who Enjoy Eating Tasty Animals (PEETA)

https://www.facebook.com/curiositydotcom/photos/a.293459797348511.88330.206936646000827/1169433296417819/?type=3&theater

Utopia, you are standing in it!

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Lomborg: Impact of Current Climate Proposals

Climate Etc.

by Judith Curry

Current climate policy promises will do little to stabilize the climate and their impact will be undetectable for many decades. – Bjorn Lomborg

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We should never forget Peter Fechter & the 253 others who died at the Berlin Wall

Why is the US equilibrium unemployment rate so stable as compared to Canada and the UK?

The equilibrium unemployment rate in the USA has been dead flat at a little under 6% as far back as the OECD Economic Outlook November 2015 can estimate. The Canadian and British equilibrium unemployment rates have gone up and down to the point of near doubling at times. Institutions cannot be so stable in the USA and so unstable Canada and Britain in terms of the incentives to post vacancies, for search for work in the same in different industries and occupations and revise asking wages. We’re talking about a 35 year stretch macroeconomic and labour market policy in the USA.

Source: OECD Economic Outlook November 2015 Data extracted on 10 Nov 2015 07:07 UTC (GMT) from OECD.Stat.

Furthermore, there is a large literature in the early 1970s and late 1990s arguing that the US equilibrium unemployment rate dropped as low as 4%.

Source: Robert Shimer, Why is the U.S. Unemployment Rate So Much Lower? (1999).

More correctly, for the early 1970s literature, the equilibrium unemployment rate had risen to 4% after being at an equilibrium rate of about 3%. Something doesn’t add up.

Source: Robert Shimer, Why is the U.S. Unemployment Rate So Much Lower? (1999).

This estimate of an unchanging US equilibrium unemployment rate doesn’t add up even more when you consider the discussions after the Great Recession about how the extensions to unemployment insurance from a time limit of 26 weeks to 99 weeks would increase the equilibrium unemployment rate. Something really doesn’t add up for the US equilibrium unemployment rate to be so stable and the British and Canadian equilibrium unemployment rates to be so volatile.

Source: Robert Barro: The Folly of Subsidizing Unemployment – WSJ.

New Zealand gender wage gap for full-time workers and for part-time workers, 2015

The unadjusted gender wage gap is regarded as a reliable measure of sex discrimination in these day, apparently, because the adjusted wage gap is too small to maintain the rage. In the data below, the gender wage gap is in favour of women. That is an unreliable unadjusted gender wage because many part-time male workers are teenagers. Many part-time female workers are professionals.

image

Source: Statistics New Zealand, New Zealand Income Survey, June quarter 2015

The Berlin Wall fell today 1989

Harald Jaeger – the man who opened the Berlin Wall

Utopia, you are standing in it!

Harald Jaeger in uniform next to the flag of his East German border regiment in 1964.

When one of the regime’s most loyal subordinates, a Stasi officer named Harald Jaeger who was working the 9 November shift at a crucial checkpoint in the Berlin wall, repeatedly phoned his superiors with accurate reports of swelling crowds, they did not trust or believe him. They called him a delusional coward.

Insulted, furious and frightened, he decided to let the crowds out [at 11:30 p.m], starting a chain reaction that swept across all the checkpoints that night.

In short, the fall of the wall came about because of the complex interplay among Soviet reforms, East Berlin’s incompetence and, crucially, rising opposition from everyday Germans.

Earlier that night, Politburo member Guenther Schabowski said — mistakenly, as it turns out — at an evening news conference on Nov. 9, 1989, that East Germans would be allowed to cross into West Germany, effective immediately.

Jaeger refused to leave East Berlin because he…

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