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Showing blog posts tagged with Dean Baker

Unbelievable. Excel Sheet Error (Among Other Omissions) Is a Driving Force Behind Austerity Economics

Damon Silvers | Economy

Reinhart & Rogoff Excel Sheet

In real sciences, when a researcher claims to have made a major discovery, the researcher has to make the data he or she used public and other scientists immediately test it to see if it can be replicated. The results aren't accepted as valid, let alone acted on or relied on, in fields where people could get hurt—like medicine or engineering—until they are tested. And if you withhold the data from your colleagues, you are not a scientist, you are a quack. And then there is economics.

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Diverting Attention from Economic Inequality by Pitting Young Against Old

Dean Baker | Political Action/Legislation

The most striking feature of the U.S. economy over the last three decades has been the upward redistribution of income. The top 1.0 percent of households has managed to pocket the vast majority of gains over this period. That is a sharp contrast with the three decades immediately following World War II when the benefits of much more rapid growth were broadly shared.

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Training@Work See How America's Unions Make a Difference

Rich Are Getting Richer and It's Hurting Social Security's Finances

Jackie Tortora | Economy

Photo courtesy of the Alliance for Retired Americans.

While media pundits raise faux concern every time the Social Security trustees release their annual report, falsely declaring the program is in dire trouble—even though the future modest funding shortfall can easily be fixed by scrapping the cap —it's important we take a look at a major factor in Social Security's finances: rich people. 

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Dean Baker: Auto Manufacturing Gives Big Boost to Jobs Growth

Tula Connell | Economy

We asked economist Dean Baker , co-director of the Center for Economic and Policy Research ( CEPR ), to expand upon recent reports that show a marked improvement in the nation’s jobs picture. In January, 243,000 jobs were created and unemployment dropped significantly for some of the hardest-hit workers. Baker’s intepretation of the data presents a still-mixed economic picture, but one bright point stands out clearly: President Obama’s support of the U.S. auto industry has been key to improving job creation for America’s workers. Be sure to pick up a copy of Baker’s latest book, The End of Loser Liberalism: Making Markets Progressive .

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Here’s How to Make Wall Street Pay for Wrecking the Economy

Tula Connell | Economy

Three years into the nation’s brutal recession, America’s workers continue to suffer from massive joblessness, skyrocketing foreclosures and weak buying power. But Wall Street—with corporations sitting on $2 trillion in cash—hasn’t paid for its role in causing the near-collapse of the U.S. economy.

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Washington Wrecks the Economy: More Evidence

| Economy

This a cross-post from TPM  by Dean Baker, economist and co-director of the Center for Economic and Policy Research .

We now have even more evidence that inept policies from Washington are causing enormous suffering across the country. It is not quite the line that the right-wingers are pushing. The new evidence is that the stimulus worked and was, in fact, more effective than had been predicted.

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Timing points:

CheckpointElapsedRel. ElapsedMemoryRel. Memory
Script start 0.0000 sec0.0320 sec 1,284.6172 KB1,198.9453 KB
Module start 'content' 0.0320 sec1.0284 sec 2,483.5625 KB6,195.5156 KB
Module end 'content' 1.0603 sec4.0694 sec 8,679.0781 KB15,150.8438 KB
End 5.1297 sec  23,829.9219 KB 
Total runtime:5.1452 sec
Peak memory usage:25,596.7969 KB

Time accumulators:

 Accumulator Elapsed Percent Count Average
ini_load
Load cache0.0150 sec0.2918%340.0004 sec
Find INI Files0.0004 sec0.0085%60.0001 sec
Mysql Total
Mysqli_queries3.7614 sec72.9694%11990.0031 sec
Looping result0.0553 sec1.0722%11810.0000 sec
TS translator
TS init0.0024 sec0.0464%40.0006 sec
TS cache load0.0013 sec0.0244%40.0003 sec
TS context load0.0008 sec0.0157%40.0002 sec
Template Total5.0156 sec 97.3% 3 1.6719 sec
Template load0.0168 sec0.3257%30.0056 sec
Template processing4.9986 sec96.9694%31.6662 sec
Template load and register function0.0002 sec0.0041%10.0002 sec
states
state_id_array0.2915 sec5.6551%830.0035 sec
state_identifier_array0.3101 sec6.0166%920.0034 sec
override
Cache load0.0204 sec0.3966%1370.0001 sec
class_abstraction
Instantiating content class attribute0.0017 sec0.0338%460.0000 sec
Sytem overhead
Fetch class attribute can translate value0.0018 sec0.0352%200.0001 sec
Fetch class attribute name0.0161 sec0.3120%360.0004 sec
XML
Image XML parsing0.0202 sec0.3923%200.0010 sec
General
String conversion0.0000 sec0.0003%30.0000 sec
dbfile0.0046 sec0.0896%950.0000 sec
Total script time:5.1548 sec