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

Place your bets, the recession predictions are in

by divorced one like Bush Come on, step right up, don’t be afraid. Lay that money down. 3 and 1/8 economist out of 4 say the dastardly deed is done or ending by next month. After months of uncertainty, economists are finally seeing a break in the clouds. Forecasts were revised upward for every period, […]

Cell Phone service and Healthcare

by cactus I can’t remember where I saw this OECD study first: Finland, the Netherlands and Sweden have the lowest prices for mobile phone calls among OECD countries, according to the latest OECD Communications Outlook. The highest were found in Canada, Spain and the United States. But after listening to folks on the right talk […]

I’m Not Here

Nor is Cate Blachett playing me. (Nor, unfortunately, am I using this as an opportunity to post a picture of Ms. Blanchett in an attempt to troll for links. You want that, go to John Carney.) Taxes are always fun, and there’s a few other things going on. But, really, let me quote the Internet’s […]

The Doomsday Scenario

by Tom aka Rusty The Doomsday Scenario So why are conservatives so excited about health care reform? Many see the progressive left pushing a gradual move to the Doomsday Scenario, something like this: 1) private health insurance is hyper-regulated, underwriting standards are eliminated, and premium costs rise astronomically 2) employers, especially smaller employers, drop coverage […]

The Hoover Institution

by cactus For the last few decades, a many prominent conservatives and libertarians have been associated with the Hoover Institution. The Hoover of the Hoover Institution is Herbert Hoover, the guy who was president during the Crash of 1929 and under whom the Great Depression unfolded. Now, I’ve been thinking about how conservatives and libertarians […]

Mankiw quotes CBO on medical Spending

hby Spencer On Monday Greg Mankiw quoted a CBO study on health care spending. An Ounce of Prevention …is expensive, says CBO:the evidence suggests that for most preventive services,expanded utilization leads to higher, not lower, medical spending overall. That was the end of his quote from the study. He did not quote the part of […]

For example, average workers ruin the economy?

rdan The Sacremento Bee has forwarded this story (h/t reader Denis) The unionized government work force has roughly 200,000 or so employees represented by 12 labor organizations. It’s a vast, diverse group ranging from custodians to doctors, clerks to engineers. And don’t forget non-union managers. All get different contract deals with varying terms. In a […]

Health insurance plans-Goldman Sachs and Congress

rdan NYT reports on $40,000/year health plans as we discuss health payment options for health care. Goldman Sachs is one of the nation’s richest banks, and hundreds of top Goldman employees have a health care package to match — one of the “gold-plated Cadillac” plans cited by those involved in the health care debate in […]