News Alerts, Aug. 28, 2013, Evening Edition, 3 New Articles, Real Estate +, Don’t Miss Them

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  1. Gaining Efficiency in Real Estate Property Management by Offering Generation-Appropriate Payment Channels | Property Management content from National Real Estate Investor

    In an increasingly competitive rental market, understanding and using tenant demographics and preferences to strategically select payment channel offerings enables real estate property managers to improve their tenant experience as well as save money and enhance accounts receivable management.

    This article reports on how different age groups view both traditional payment methods and emerging payment technology, and how those views influence their rental payment behavior. It also suggests the payment methods — including a number of newer electronic channels — that real estate property managers might want to consider offering based on the generational demographic mix of their tenants.

    Read the source article …

  2. Brad DeLong : Josh Bivens: Slow Wage Growth Just One More Sign of How Big a Problem the Profit-Biased Recovery Is: Noted for August 23, 2013

    Because we just couldn’t resist:

    … it’s better to be arguing over how to fairly split up a big pile of money than to have no big pile of money to split up.

    Read the source article …

  3. The high cost of economic policy uncertainty |

    Uncertain about uncertainty?

    Should you invest now or hold off? When pondering that, do you think more about whether the general economy and your local area will see better growth or do you think more about whether the government will, or has, issued new policies and programs/procedures? Perhaps you think about both and more. We hope so.

    America’s economic recovery has been slow by historical standards. Growth has been slow, unemployment stubbornly high, and “green shoots” have wilted fast.

    If you listen to some, such as Paul Krugman of the New York Times, the reason for the anemic recovery is that governments at all levels have been “slashing spending in the face of a depressed economy.”

    But that’s not the reason at all. The evidence points in the opposite direction: that governments have intervened too much, not too little, creating economic uncertainty. This is what’s killing the economy.

    Read the source article …

    We don’t think it’s an either/or here. We think there’s merit in the idea that fiscal slashes and uncertainty both contribute to slow, or no, growth or even recession or depression. We won’t write a long essay on that here but will simply point out the following and let you draw your own conclusion concerning uncertainty alone as the cause of slow growth right now.

    Another month, another dive in the Stanford/University of Chicago Economic Policy Uncertainty Index. It’s now down to its lowest level since 2008.News Alerts, Aug. 28, 2013, Evening Edition, 3 New Articles, Real Estate +, Don't Miss Them

    The index seeks to measure the effect of policy uncertainty, including pending regulations and expiring tax provisions, on the economy. As you may have heard once or twice over the last few years, many conservatives blame uncertainty for holding back hiring and growth in this recovery. Those lawmak ers love to cite this index as proof of elevated uncertainty.

    According to the index, the decline of uncertainty this year is clear*.

    Read the source article …

    There’s also this, to which we’ve linked before:

    There are widespread claims that firms are cutting hours worked and converting full time jobs into part time jobs because of Obama-care.

    So what does the data say. Below is a table of unpublished data from the Bureau of Labor Statistics (BLS) of part time employment by private and government employers. The government data includes state, local and federal part time workers but I have also broken out federal part time workers in a separate column. The data also is not seasonally adjusted, so generally month to month comparisons are meaningless and one should make comparisons between a month in 2013 and the same month in 2012.News Alerts, Aug. 28, 2013, Evening Edition, 3 New Articles, Real Estate +, Don't Miss Them

    The data shows that private part time employment in 2013 is lower in every month but one than it was in the same month of 2012. Moreover, federal part time employment was just the opposite, rising in every month but January. In particular, in June and July, 2013, when firms were supposedly cutting hours worked to avoid having to pay for employee health insurance over 100% of the increase in part time employment stemmed from federal government employment. This in turn was generated by employee furloughs brought about by the sequestration.

    Read the source article …