After some of the gloomy things I’ve been writing about the economy lately, this morning’s payroll report–revealing that an estimated 180,000 net new jobs were created in March and the unemployment rate dropped to 4.4%–was a nice reminder of just what a wondrous machine the U.S. economy is. The OECD also released its “standardised unemployment” [...]
I didn’t notice this one until late in the day Thursday: On the op-ed page of the day’s Washington Post there’s a George Will column pooh-poohing talk of an oil crisis. Then, on the front page of the W$J, there’s a fascinating article about the decline of a major Mexican oil field. It’s a nice [...]
