Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Originally posted on UK Constitutional Law Association:
The United Nations Working Group on Arbitrary Detention handed down its decision on Julian Assange on Friday 5 February 2015 (A/HRC/WGAD/2015/54). It has been met with almost universal ridicule from a line of British officials, legal academics and the press. The decision has been described as ‘ridiculous’ by…

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Research publicised by a Living Wage UK highlighted the Achilles heel of any living wage proposal. This Achilles heel applies to the voluntary adoption of the living wage and a living wage mandated through minimum wage laws. The critique to follow accepts pretty much everything claimed by the living wage movement about the benefits of …

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Back in the day, MFAT got around to reviewing its contributions to various UN organisations. They discovered they were contributing $250,000 to some obscure committee that was part of the UN Food and Agricultural organisation. When this particular committee heard that their contribution was under review, they immediately dispatched 6 bureaucrats from Rome to Wellington …

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It is hard to imagine any merchant who harmed the environment as much as Henry David Thoreau… We are a destructive species, and if you love nature, stay away from it. The best means of protecting the environment is to live in the heart of a city. Ed Glaeser Source: If you love nature, move …

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The story behind the “scariest jobs chart ever”

February 9, 2016

Historinhas

Bill McBride (Calculated Risk) posts Update: “Scariest jobs chart ever” where he presents a version of this chart

Scary Chart_1

And writes:

This graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions.  Since exceeding the pre-recession peak in May 2014, employment is now 3.5% above the previous peak.

Note: I ended the lines for most previous recessions when employment reached a new peak, although I continued the 2001 recession too.  The downturn at the end of the 2001 recession is the beginning of the 2007 recession.  I don’t expect a downturn for employment any time soon (unlike in 2007 when I was forecasting a recession).

By choosing to break with the way he presented the chart originally, with lines ending when the previous employment peak was reached, he ‘pollutes’ the chart, and detracts attention from an interesting characteristic.

Note that the…

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https://www.facebook.com/WeAreCapitalists/photos/pb.157541337750750.-2207520000.1454841041./474168992754648/?type=3&theater

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