Ten Second News

Big Monday, 2015

Big Monday, 2015

The Supreme Court adjourns for the Term with decisions about redistricting, air pollution, and executions. Burt Likko summarizes each of them, and offers a sad observation about judicial comity losing one of its most prominent sentinels,

Stimulus first, austerity later

Via Alex Tabarrok, a recent study by Richard Evans, Laurence Kotiloff, and Kerk Philips at VoxEU examines the effects of long-term large-scale redistribution of young Americans’ savings to the elderly: [T]he young, because they have longer remaining lifespans than the old, have much lower propensities to consume out of their remaining lifetime resources. This prediction…

Aging boomer trends

Here are a couple of interesting (and troubling) posts about what aging boomers are up to.  First, the LA Times reports that, as predicted, the nation’s 77 million boomers are beginning to dump their stocks as they prepare for long retirements.  Just as the economy rose during the boomers’ productive years, experts are predicting a…