What Structural Change in America Really Looks Like

By Leo Liu: Leo Liu is a private investor and currently holds the position of Investor Relations Officer with Prophecy Coal Corp. High economic growth driven by mining activity

|Peter Lewin| An interesting, but (to me) confusing editorial by Ed. Lazear appeared recently in the WSJ here. He argues “There Is No ‘Structural’ Unemployment Problem” that, “A look at the skill-jobs mismatch finds no evidence that changes in the economy explain high joblessness. The problem is slow growth.”

Ronald Rutherford submitsOn November 8th, I talked in terms of the ISM manufacturing report and structural rigidity {SR} at A Macro View: ISM October, More Structural Rigidity. SR, as I use it, is to describe the inflexibility of an economy to change from one state to another state.

Facebook CEO Mark Zuckerberg just announced a new beta service called Graph Search.

Submitted by Brandon Smith of Alt-Market blog,

The conventional wisdom on the deficit is: Right now the deficit doesn't pose a problem, but thanks to the gigantic growth in healthcare costs, it's inevitable that the government will get swamped by Medicare spending, ergo we need to tweak the system.

Chinese President Hu Jintao on Friday warned that the ruling Communist party, marking its 90th birthday, was facing "growing pains" and said members needed to be more disciplined than ever."The whole party is confronted with growing pains," Hu said in a keynote address to party leaders and thousands of members gathered in the Great Hall of the People in Beijing to celebrate the anniversary of the CCP's founding.