Via Dean Baker comes Eric Dash of the New York Times writing about one aspect of the compensation package for Denny’s CEO: For leading the turnaround of the Denny’s restaurant chain, Nelson J. Marchioli was all but given an extra $500,000 last year, slightly more than his reported bonus for 2005. For leading the turnaround […]
The Advance Estimate for the first quarter of 2006 is out reporting 4.8% real GDP growth on an annualized basis, which basically makes up for the weak 1.7% figure for the last quarter of 2005. Investment growth remains strong and consumption grew relative to GDP. Andrew Samwick is worried that private savings remains low. Rubinomics […]
Kevin Drum watches the stock price of Exxon decline even though they reported $8 billion in quarterly profits. CNN’s American Morning was on the story explaining the decline in the stock price by noting that analysts had expected $9.2 billion (not trillion). At one point – Andy Serwer hinted that the difference between reported earnings […]
Jim VandeHei reports: White House Deputy Chief of Staff Karl Rove sought to convince a federal grand jury yesterday that he did not provide false statements in the CIA leak case, testifying for more than three hours before leaving a federal courthouse unsure whether he would be indicted, according to a source close to the […]
Jonah Goldberg poses an Upward Mystery after reading one of his emails: Gas prices go up, driving stays the same. Interest rates go up, the economy keeps on chugging along … If things are so bad, how come they’re so good? This post came after he linked to an interesting article from Nick Schulz: But […]
Think Progress, Christy Hardin Smith, and the DSCC congratulate Tony Snow on his being appointed as President Bush’s chief excuse maker with a few quotes from the past. Byron York provides us with one of his reader’s views on all of this: Of course, these (Center for American Progress) are among the same people who […]
NewHounds watch Fox so we don’t have to: Hannity’s face was in the bullyboy squint and he jabbed his finger as he spoke to “Democratic strategist” Bob Beckel. “I want YOU to know, Bob Beckel, I give blame for high gas prices. 30 years of the Democrats beholden to the extreme environmental movement, we haven’t […]
High comedy from NRO’s The Corner as JPod accuses Rand Beers of leaking: So Newsweek is reporting that Mary McCarthy denies being the leaker. This despite stories in the press saying that she failed a polygraph and admitted to it. McCarthy’s not the the one who told Newsweek. Do you know who did? Her “close […]
AB reader ilsm points us to a set of White House graphs on employment, GDP growth, and the budget. More on this after thanking Brad DeLong for commenting on a comment from Greg Mankiw on our fiscal future. Greg reminds us that we have to choose between reducing entitlement growth versus imposing taxes even higher […]
Mark Thoma finds this gem from the Columbia Business School Follies about Ben Bernanke … enjoy! Check this out: “Every Breath You Take,” by Dean Glenn Hubbard. It’s worth it (music video about Bernanke to the tune of “Every Breath You Take” – wmv file). Update: iTunes link (mp4).