by cactus Economic Catastrophes – Another Look at Economic Performance by Presidential Party Since we’re in a period of economic crisis, I started thinking about crises of the past. Its not always easy to define whether a moment in time is more than just part of ups and downs in a run-of-the-mill business cycle or […]
The leadership at Wells Fargo must be royally peeved at this point: Stable national players like Bank of America, JPMorgan Chase, and Wells Fargo are already digesting acquisitions. A second group of so-called super-regional banks are well positioned to take over their competitors, officials said, but have been reluctant to undertake or unable to complete […]
Dear Supporter, If you caught my guest appearance on Saturday Night Live this weekend, you may have seen an ad or two (or twenty) from Senator Obama’s campaign. This barrage of advertising is adding up to the most expensive negative ad buy in political history. And these ads are funded with the nearly $200 million […]
The WSJ wants to pretend that Barack Obama is responsible for Canada making a good decision: Prime Minister Stephen Harper and President Nicolas Sarkozy of France signed an agreement Friday to begin negotiations for a free trade pact between Canada and the European Union. A Canada-EU study released last week outlines the joint economic benefits […]
NYT reports on Question 1 proposing the repeal of the MA state income tax over two years. That view is exactly what most state and local officials in Massachusetts are afraid of. Amid the whirlwind presidential election, Massachusetts has a ballot contest of its own this November that could drastically alter — some would say […]
The Guardian reports: Financial workers at Wall Street’s top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year – despite plunging the global financial system into its worst crisis since the 1929 stock […]
However, it’s just a Republican in California. Who are re-registering people to be Republicans, without their knowledge, on the guise of opposing child molestation. (h/t Laura Rosen) Will wait patiently for John McCain’s attack on Mark Jacoby (not this one).
by Divorced one like Bush US Initial jobless claims decline larger than expected in May 31 week (6/5/08) Mortgage finance giant suffers much larger-than-expected loss due to reserves for credit losses and slashes its dividend to preserve capital. (8/8/08) Factory orders decline more than expected in August (10/2/08) Retail sales for September posted its steepest […]
Yes, I’m still distracted (and under deadlines), but this is too good to pass up. Greg Mankiw sends us to “Wisdom from Michael Kinsley.” Which turns out to be this: There is no need to encourage risk-taking entrepreneurship with special tax breaks. Risk takers will take risks, and if the risks work out they shouldn’t […]
The McCain campaign appears to have stopped talking about how Barack Obama is a “celebrity.” Sarah Palin = Judge Lance Ito? Discuss amongst yourselves.