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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Department of awful statistics

By Megan McArdle
Jan 15 2008, 6:34 AM ET Comment

This time the LA Times gets into the mix, claiming that 60 million Americans live on less than $7 a day. Like many awful statistics, this was generated by a sort of Rube Goldberg machine; the LA Times got the figure from a guy with a website, who got it from the World Socialist Workers Website, which took it from an article on reported taxable income in the New York Times. In this case, though, I don't see how this could have happened. The Census bureau is the obvious place that you go to see how many Americans are living on how little income. Random people with websites are not. Not that the Times article is much better; it compares reported taxable income to the poverty line, even though it grudgingly concedes that benefits aren't included, and even though we know that the poor tend to strongly underreport income because reporting income means losing their EITC and health benefits.

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