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

Big Business believes in taxpayer subsidies, not "free markets"

by Linda Beale Big Business believes in taxpayer subsidies, not “free markets” David Cay Johnston, former NY Times reporter and now Syracuse professor, writes about the thing that most journalists don’t bother to (or are told not to) write about–the way that Big Business successfully lobbies legislators and regulatory agencies to write the rules to […]

The Freedom to Diminish Other Peoples’ Freedom

by Mike Kimel The Freedom to Diminish Other Peoples’ Freedom You’ve probably heard about this study by the Mercatus Institute looking at Freedom in the 50 States. I always find these measures look at the wrong things, and that’s usually because they pick one side of an equation and ignore the rest. See, I support […]

Can you imagine Pakistan as…?

Just listen to this and while you do, knowing this was recorded in a studio in Pakistan, by Pakistani’s try to jive that with “they hate us because…” and all that comment suggests.    Dave Brubeck’s Take Five Here is the video about the orchestra. They actually work with Abbey Road Studio. 1500 concerts, 17 […]

Let’s put a sales tax on Wall Street

I learned of a petition at the presidents site, that one where anyone can start a petition and have it addressed if you reach 100,000 signatures. We the People it’s called. The petition is sponsored by United Front Against Austerity which also goes by the name Against Austerity.org  I know nothing about this organization, though […]

Sunday afternoon reading…blast from the past

I saw this as a proposal for cutting gasoline consumption: One of the easiest and most benign ways to cut energy waste and reduce the nation’s emissions of greenhouse gases is very simple, relatively painless and would actually save consumers money immediately, with no upfront costs – restore a lower national freeway speed limit of […]

The IMF and the Return of Structural Conditionality in Europe

The IMF has increased in importance over the last few years, especially in Europe.  Prof. Joyce writes on the background of its evolution. by Joseph P. Joyce  is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs. The IMF and the Return of Structural Conditionality […]

EU proposes tighter rules on investment incentives

The European Commission’s Directorate-General for Competition is the EU equivalent of the U.S. Department of Justice Anti-trust Division plus units for controlling domestic subsidies to industry. According to a new policy briefing from the European Policies Research Centre at the University of Strathclyde, DG-Competition has released a draft of new regulations on “regional aid” (subsidies […]

Letter from an angry reader

From Stormy, who has written on global trade for over a decade, sends an e-mail on the discovery that we are losing competitive advantage: I find it absolutely stunning that the Yves post and MIT study below is considered big news. Four or five years ago, I saw the writing on the wall. Off-shoring, outsourcing…name […]