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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

April 19, 2013 at 10:12 AM

Vote: The sequester and me

The most dire predictions about the consequences of the sequester, the “meat ax” of automatic, across-the-board federal budget cuts, haven’t materialized. At least not yet. Plans to shut smaller airport control towers, including 5 in Washington, were put on hold. The Department of Agriculture found a way to protect food inspections from the reductions.

On the other hand, it is being felt at a more fine-grain level: Some Head Start programs are closing, families holding government jobs are facing unemployment. Now, officials are warning of flight delays because of reduced Federal Aviation Administration staffing even at major airports. The first phase of thousands of furloughs from the Environmental Protection Agency kicks in later this month.

Today’s poll question is about whether and how the federal cutbacks are affecting you:

Read on for the best links of the week and the haiku…

This Week’s Links:

The chart making the Fed nervous | Zero Hedge

Gold crash is an instructive whodunit about financial markets | Heidi N. Moore/The Guardian

The terrifying reality of long-term unemployment | The Atlantic

Should China worry about a GDP slowdown? | The Atlantic

More bad Excel | Baseline Scenario

Forget Excel, this was Reinhart and Rogoff’s biggest mistake | The Atlantic

A Silicon Valley vision for San Francisco | NY Times

Oregon venture capital off to fastest start in 13 years | The Oregonian

Low interest-rate environment exposes seniors to fraudsters | Washington Post

Manufacturing still matters | Clyde Prestowitz

The Fed’s foreclosure-relief fail | The American Prospect

Microsoft’s open source company is a year old — but what is it? |Wired

New York and Seattle compete for data science crown | NY Times

Today’s Econ Haiku:

Rogoff and Reinhart

Launched the austerity ship

Then their data sank

Comments | More in Federal debt/deficit | Topics: Austerity, Sequester

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