by Linda Bealecrossposted with Ataxingmatter There’s a tax angle to everything–including the DeepWater Horizon oil spill There’s a tax angle to everything–including the DeepWater Horizon oil spillOil is still pouring out into the Gulf ocean from the well head of the DeepWater Horizon. The entire gulf is beginning to look like an oil slick, as […]
No, not that anyone should pay her $15,000-$30,000 to talk to teenagers about why they should be abstinent. (Short version: “As with my mother, I wasn’t, and look what I’m doing now. Uh, well…”) But, via Andrew Samwick, a study from the Pew Foundation (PDF) using PSID data finds that: Among children who start in […]
by Linda Bealecrossposted with Ataxingmatter Swiss Banks; State tax subsidies to corporations“> Busy day today, so just a note to point out an interesting blog posting at Money.co.uk on Swiss banks and the impact of banking secrecy on tax evasion. It’s Demystifying Swiss Banks, May 15, 2010, money.co.uk. Just another reason that tax reform and […]
by Linda Bealecrossposted with Ataxingmatter Carried Interest: some senators want venture capitalists to get a CG ride on their compensation income Everybody knows by now that managers of partnerships who have “profit interests” have been claiming that they do not have compensation income but merely a return of capital on their “carried interests” (and that […]
Far more knowledgeable people will be discussing results today. but here are some pointers. Poilitics Dailey has a short note on yesterday’s primaries: …Kentucky Republicans struck the first blow by choosing political newcomer Rand Paul as their Senate nominee. Paul, an ophthalmologist and Tea Party favorite, defeated Secretary of State Trey Grayson, who had been […]
One of the nice things about going to the Kauffman Foundation this year was meeting up again with Peter Klein of Organizations and Markets, who was my first economics professor.* (I liked him as soon as I found out one of his first publications dealt with “moral hazard” and the Designated Hitter.) Peter has a […]
Robert Waldmann Felix Salmon wrote “S&P and Moody’s are clearly completely incompetent, and no one should base any investment decisions on the random series of letters they apply to bonds.” second quote (from comments) “… But without rating agencies…… who other than big investment companies/funds that have their own in-house muscle to do due-diligence can […]
Reuters reminds us financial reform law still in the works: Although a final vote is expected within days on the White House’s top domestic priority, lawmakers have yet to settle disputes on regulating over-the-counter derivatives; curbing risky trading by banks; and the power of state authorities. There will need to be resolution on these topics […]
How else to explain a 20% drop in prices since The Destruction of the Gulf of Mexico? Oil fell below $70 Monday, reaching a low of $69.27 before rebounding slightly…The turnaround has been sudden — oil hit an 18-month high of $87.15 a barrel during trading on May 3. The plunge in oil extended to […]
No wonder Brad DeLong has had no luck persuading Christopher Edley to get rid of the malfeasant John Yoo. As Bob Somersby observes: Christopher Edley thinks he’s one of your “betters.” It’s hard to believe, but that’s the exceptionally low-IQ framework this self-proclaimed member of the elite enunciated in Sunday’s piece. According to Edley, rubes […]