Is Innovation Dead — Or Doing Just Fine, Thank You?

This was a bad month for jobs in the USA. Not only did the U.S. Bureau of Labor Statistics report that the number of jobs remained at the same level as last month (125,000 additional jobs are needed for population growth, on average and we have huge losses from the credit crisis recession that have to be gained back) the last 2 months were revised down. The change in total nonfarm payroll employment for June was revised from a gain of 46,000 to a gain of 20,000, and the July was revised down from gaining 117,000 job to gaining

Like Atrios, I think there’s something oddly pointless about the fetishization of long-term deficit projections:

Market Playground submits:By Brian Newman Rayl

The labor practices of big apparel manufacturers have come under criticism again after a building housing several factories in Bangladesh collapsed, leaving some 622 people dead.

By James Kwak

Maynard Keynes famously said that the job of investing should not be left to the market. But can the same be said for research and development? This is the question raised by a new paper (pdf here) by Daron Acemoglu.