Treas. Sec. Snow was fielding a few questions from what appeared to be a Bush friendly audience. Beyond his insistence that tax cuts are a prerequisite for continued growth and his claim that this Administration is fiscally responsible, take a look at his response to a very good question from Jeff Burrows (hat tip to […]
Kash decides to be the first to post on AB’s new Hook ‘em Horns color scheme – so it’s time for California Angrybear to stop whining about USC’s loss and start whining about the weak labor market. Let me provide another snippet from the BLS report: The employment-population ratio held at 62.8 percent in December, […]
I’ve been traveling and spending time with family lately, so I apologize for the lack of recent posts. Next week I’ll be back in action. In the mean time, I couldn’t help but notice that the US economy continues to disappoint when it comes to the creation of new private-sector jobs. From this morning’s BLS […]
Wow! What a game! And what a game from Vince Young! AB
Via Brad Setser comes U.S. AND GLOBAL IMBALANCES: CAN DARK MATTER PREVENT A BIG BANG? by Ricardo Hausmann and Federico Sturzenegger: The Bureau of Economic Analysis (BEA) indicates that in 1980 the US had about 365 billion dollars of net foreign assets (that is the difference between the foreign assets owned abroad and the local […]
Via Matthew Yglesias comes this AEI op-ed: While there are many and very real short-term risks to the Chinese economic miracle, the more fundamental reason why the US need not fear a long-run economic challenge from China lies in the disparate productivity performance between the two economies. China’s recent rapid growth has not been the […]
Via Duncan Black comes a story from Reuters as to how Arnold Schwarzenegger is another “big government conservative”: SAN FRANCISCO (Reuters) – California Gov. Arnold Schwarzenegger plans to ask for an infrastructure bond issue of $25 billion to $27 billion, the Los Angeles Times reported on Thursday, quoting administration sources. The celebrity Republican has already […]
Jerry Bowyer still has no clue as to the concept of real wealth per capita: According to the Federal Reserve’s “Flow of Funds” report, released last month, the net worth of the American household (measured as assets minus liabilities) stands at a robust $51 trillion – yes, that’s trillion with a “T.” This isn’t just […]
From the Washington Post: Jack Abramoff, the once-powerful lobbyist at the center of a wide-ranging public corruption investigation, pleaded guilty yesterday to fraud, tax evasion and conspiracy to bribe public officials in a deal that requires him to provide evidence about members of Congress. In a companion analysis, two Post reporters (Birnbaum and Balz) do […]
One of my New Year’s resolutions is to actually say a few nice things about op-eds from NRO Financial – when warranted. And lo and behold John Tamny tries to make this easy for me. He starts off with: A recent article in USA Today lamented the lack of investor returns in 2005 outside of […]