The Sy Hersh effect: killing the messenger, ignoring the message

An Iranian official on Wednesday suggested that Yemen’s Houthis, officially known as Ansar Allah, could close the Bab el-Mandeb Strait, which connects the Gulf of Aden and the Red Sea, if the US launches ground operations against Iran. So far, the Houthis, who govern an area of Yemen where most of the population lives, have […]

Jobless Claims Continue To Show No Signs Of Labor Market Stress Initial jobless claims continue to hover near multi-decade lows, refusing to show any signs of labor market stress. Last week saw 212k American file for jobless benefits for the first time (below the 216k expected). Unadjusted claims tumbled to the lowest since September... Source: Bloomberg Michigan and New York saw the largest drop in initial jobless claims last week while Rhode Island and Oklahoma saw the bigger rise in claims... The number of Americans filing for continuing jobless claims also dropped last week...

Statists love to claim that government services would be better if only they were “fully funded.” However, given their nature, government services always will be seen as “underfunded” no matter how much money politicians throw at them.