Relevant and even prescient commentary on news, politics and the economy.

Shredder takes over

Federal Contracts for Paper Shredding ServicesFY 2000-2008 Yr. Total $2000 $452,807 2001 $456,235 2002 $752,799 2003 $1,018,191 2004 $2,329,466 2005 $2,980,375 2006 $3,068,877 2007 $3,463,610 2008 2Q * $1,148,718 *Note: FY 2008 only includes data up to first and part of second quarter Detailed information at the government website.

The Price of Gas will soon be $1.50, right?

This will teach them, right? H.R. 6377 directs CFTC to use all its authority, including its emergency powers, immediately to curb the role of excessive speculation in the energy and swaps futures markets and take other corrective actions as necessary to eliminate any market disturbance that prevents energy markets from accurately reflecting the forces of […]

Speculation, Again

Rick Newman of Useless News and World Report busts some myths. And gets to the heart of the “speculators” issue: Many companies, for instance, want to lock in the price they’re going to pay down the road for petroleum products and other supplies they need to run their businesses. So they make agreements with suppliers […]

May Personal Income Report

Calculated Risk has not done his usual analysis of the monthly personal income report from this morning, so I will take it on myself to comment. Essentially it repeats the earlier retail sales report that consumers are spending their rebates.Real personal consumption rose 0.4%. this compares to these recent monthly growth rates: Dec… -0.1Jan… +0.2Feb… […]

Soc Sec XXVI: Social Security Low Cost & the 100/100 Target

I had thought the following had been published as part of this series, but in the course of comments on XXIV see that it wasn’t. Instead it was written in the month before I got privileges here. But it dovetails neatly into discussion of the newly released Issue Brief No. 5: Social Security Reform: Strategies […]

A small note on a small thing of .035%

by coberly In a recent thread about global warming it was stated, accurately, that the concentration of Carbon Dioxide in the atmosphere was 0.035%. One reader commented with what seemed like a sneer that such a “trace amount” did not need to be taken seriously. Here are three small points about that: In a cubic […]

Advice from a Grand Master

Former Dallas Fed President Bob McTeer lists the “bad thinking habits” that cause people to make irrational economic decisions. It promises to be a series of posts. The first might be subtitled “Never Look a $10 tie in the local currency.”

Finance Quote of the Day

“This isn’t a matter of dissing Microsoft, but Intel information technology staff just found no compelling case for adopting Vista,” the person said. From here, h/t Felix.