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

Embassy building is big bucks in ME

rdan Pentagon’s list shows 865 military bases worldwide, plus bases in Iraq and Afghanistan. There is current funding to build a giant fortress in Islamabad, Pakistan on the order of the ’embassy’ in Iraq to the tune of 785 million USD (corrected number..rdan) (cost overuns excluded but guanteed so perhaps about 1 billion USD). The […]

An imaginary conversation with my family doctor

by reader Denis(lots of links) Me: $1.2 million is the average income for top 1 percentile households (2006 figure). You must have made at least a couple of million last year, right? I mean you are a doctor – and you are with Columbia Presbyterian hospital. Doctor Levine: “[Laughs].” Me: You mean that the 15% […]

Fox Noise on Canadian private insurance boom

By: Divorced one like Bush This is a heads up. Fox news has a report out that there is a rise in private insurance activity in Canada. The article suggests that it is because of all the wait time that people are tired of do to a shortage of doctors and possibly the low fees. […]

SILOs –more action needed?

Tax advantaged “sale-leasebacks” with strapped-for-cash municipalities (SILOs, in the ever-present tax acronym set) came back to light when the Washington Metro train crashed a week ago. The cars were ones that were involved in the metro authority’s SILO deals with various banks, and the authority didn’t have any spare cash left to fund replacements. See […]

Obama Economic Forecast

The right is having a lot of fun commenting about the economic forecast by the Obama team being too optimistic. I guess they are right, Obama along with everyone else has massively underestimated the damage Team Bush did to our economy.

Kennedy-Dodd HELP Bill with CBO Scoring

by Bruce Webb I haven’t gone through the text or the numbers, make of this what you will. But at least we can start with some actual numbers attached.McClatchy: Kennedy-Dodd unveil cheaper health care bill Bill Text: SHORTTITLE.—This Act may be cited as the ‘‘Affordable Health Choices Act” CBO ScoreExcerpts and updates may be added […]