Note: This post originally appeared, in slightly different form, at the author’s personal blog, Diogenes of Brooklyn. It appears here with that blogger’s kind permission. He does talk in the third person sometimes. by Diogenes of Brooklyn Like most Americans, Diogenes knows nothing of economics and finance. But quite a lot about the ways that […]
Mark Thoma points us to Republicans Want to Repeal Resolution Authority the House Republicans on the Financial Services Committee just voted to repeal “resolution authority.” Let’s review the history. When the crisis hit, the government bailed out many financial firms — shadow banks as they are known. That’s not what it does when an ordinary […]
Guest post by Kenneth Thomas Social Security Hurt by Republican Jobs Obstructionism The Center for Economic and Policy Research (CEPR) published its commentary on Monday’s release of the Social Security Trustees Report, which found that the Social Security trust fund would be exhausted in 2033. CEPR rightly blames the recession for the deterioration of Social […]
by Linda Beale Reform that “high” statutory corporate tax rate? Not necessary I got an interesting item pushed to me from an online-MBA website blog where today’s item was on “10 Big Businesses That Barely Pay Taxes“. It looks at companies like GE, duPont, Verizon, ExxonMobil, FedEx, Boeing, Google and others that aggressively maximize the […]
by Dale Coberly SAVING SOCIAL SECURITY SIMPLIFIEDThe Trustees Report came out again this week. And all the newspeople told us again that we are doomed. Doomed. “Social Security is running out of money!” Except it isn’t. And all the Professional Defenders of Social Security rushed out to tell us, “We can save Social Security: just […]
by Mike KimelToday is a travel day for me. I’m flying to Toronto to give a lecture on ensemble methods, a statistical approach which involves combining estimates produced by other methods. Its something I first worked on in 2001, and come to think about it, perhaps it deserves a post. But not today. Today’s post, […]
by Tom aka Rusty Rustbelt Health care thoughts: Cross-conflicting regulations, employer confusion Most of you will be familiar with the medication drowsiness warnings to the effect of “don’t operate machinery or heavy equipment, etc. etc.” This is from FDA regs. (www.FDA.gov.) OSHA has extensive guidance about employee safety with manufacturing machinery, heavy equipment and driving […]
by Linda Beale Common Cause Claims ALEC Violated Tax Exempt Lobbying Restrictions The Common Cause organization filed a complaint with the IRS under 26 USC 7623, the tax whistleblower act, alleging that the American Legislative Exchange Council violated the lobbying restrictions applicable to tax exempt organizations through underreporting and operating in furtherance of private corporate […]
Tim had written as a guest poster for Angry Bear as ‘reader T-bone’ a few years ago and is returning to writing, currently at Polymic. This post was published about a month ago. Guest post by Tim Martinez Why Tax Cuts for the 1% Are Self-Defeating Annual U.S. income share of the top 1%. A […]