From State troopers who protect Governor given $4 an hour pay raise:
Just after Republican lawmakers announced they were rejecting raises for rank-and-file state troopers, Gov. Scott Walker’s administration granted $4-an-hour raises to the State Patrol officers
responsible for protecting the governor.…
The yield on a 10-year Treasury inflation protected security was negative through much of 2012 and 2013, and remains today below 0.25%. Have we entered a new era in which a real rate near zero is the new normal? That’s the subject of a new paper that I just completed with Ethan Harris, head of global economics research at Bank of America Merrill Lynch, Jan Hatzius chief economist of Goldman Sachs, and Kenneth West professor of economics at the University of Wisconsin, which we presented at the U.S. Monetary Policy Forum annual conference in New York on Friday.
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