Bill Black on LIBOR and the NY Fed
Via New Economic Perspectives is this video from Bill Black: Watch the latest video at video.foxbusiness.com
Via New Economic Perspectives is this video from Bill Black: Watch the latest video at video.foxbusiness.com
The New York Times points us to private industry under funding for your retirement: AFTER years of poor investment returns, the pension funds of the United States’ largest companies are further behind than they have ever been. The companies in the Standard & Poor’s 500 collectively reported that at the end of their most recent […]
Via The Guardian, Tax Justice Network has a report showing maybe 21 trillion of wealth in “offshore economies”. (hat tip Stormy) A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according […]
From the Economist comes this interactive chart comparing US states to countries by GDP and population:
Laurence Kotlikoff has a post in Bloomberg opinion section on the current status of the Social Security. This is lifted from Dale Coberly’s note back to him: Your analysis that SS is desperately broke ignores the fact that the projected shortfall can be made up by raising the payroll tax one half of one tenth […]
by Rebecca Wilder Euro Area Imbalances Are a Symptom of the Broader Global Imbalances Every year I travel to Germany to visit my in-laws, which is where I am now. Given the extra time on my hands, I’ve now mulled over a June 2012 NY Times opinion piece by Gunnar Beck. Beck displays an interesting […]
by Linda Beale What’s Romney Got to Hide? (Part III) In the last two posts, I explored a number of fairly simple questions that might be raised about Romney’s activities that would be clarified by seeing multiple returns (hobby versus investment/business losses; business versus passive activity losses; amounts of preferentially taxed income; income reported from […]
by Kenneth Thomas U.S. Trails at Least 15 OECD Countries in Median Wealth Via @exiledonline, I learned today (July 18) that Canadians are richer than Americans. This is rather surprising, since GDP per capita is higher in the U.S than in Canada.: $48,100 vs. $40,300 (at purchasing power parity or PPP), according to the CIA World […]
The DNC has apologized for using Ann Romney’s London Olympics-bound horse in an attack targeting her husband. The Hill explains that Democrats had used the dressage horse to illustrate its claim that the presumptive GOP nominee was “dancing around the issue” of his decision not to release his tax returns. (Dressage is a dance-like sport, but […]