Speaking of WTO disputes… it looks like we’re in for another protracted on between the US and EU, this time about Boeing and Airbus. Yesterday USTR Bob Zoellick filed a formal complaint with the WTO over subsidies to Airbus. The EU will counterattack with a complaint about subsidies that Boeing receives. I expect lots of […]
The House and Senate conference committee has agreed to a compromise corporate tax bill that will modify, amend, create, and end various specific corporate tax provisions. Part of the initial impetus for the bill was a ruling by the WTO that an aspect of US tax law violates WTO rules. The specific tax provision that […]
The Washington Post ran a piece (also carried on MSNBC.com) fact-checking the claims of both sides in last night’s debate. Cheney’s made the following statements that are not true, according to the WaPost piece: He claimed that he has never tied together 9/11 and Iraq. Untrue. He asserted that only $120bn has been allocated to […]
MaxSpeaks is on fire today. His Business School Professors to Bush: Your Policies Stink is a letter from a long list of distinguished business school professors hitting a long of themes we here at Angrybear have been noting. My favorite part of their excellent letter is: Your economic policies have played a significant role in […]
Via Maxspeaks 562 economists on the minimum wage: The value of the 1997 increase in the federal minimum wage has been fully eroded. The real value of today’s federal minimum wage is less than it has been in 46 out of the last 48 years. Moreover, the ratio of the minimum wage to the average […]
During last night’s debate, we heard the following two claims: Edwards: The first Gulf war cost America $5 billion. We’re at $200 billion and counting. Cheney: With respect to the cost, it wasn’t $200 billion. You probably weren’t there to vote for that. But $120 billion is, in fact, what has been allocated to Iraq. […]
It’s really not rocket science. The more we have of this and this: The more we’ll be reading about things like this: WASHINGTON (Reuters) – U.S. consumers will see their natural gas bills rise 15 percent this winter compared to last year, and pay 28 percent more to warm their homes with heating oil and […]
I’ve been looking all over the White House web site for a transcript of the official White House press briefing that Greg Mankiw gave on February 9, 2004, in which he presented the 2004 Economic Report of the President. My efforts seem to be fruitless, however: I simply can not find it among White House […]
For me, the single most striking moment in last night’s debate was this one: EDWARDS: …Now, as to this question, let me say first that I think the vice president and his wife love their daughter. I think they love her very much. And you can’t have anything but respect for the fact that they’re […]
I stated in the update to my livebloggin’ post that I may have judged Edwards too harshly. Josh Marshall certainly was impressed by Edwards: I hesitate to say this. But my basic impression was that Edwards didn’t strike a false note for the entire 90 minutes. And I say this having been critical of him […]