Dean Baker on occasion mentions the influence of Pete Peterson, and Peterson funded the Simpson Bowles efforts, and this piece by Thom Hartmann takes a current look: While a name well known to some, it is interesting I rarely hear it mentioned in less political circles. I run into the Soros name more often… But […]
David Zetland comments on future funding of ‘water’ risk management. There are plenty of examples of misguided government interventions, as well as examples of private enterprise run amok. Now a derivatives market? : The danger of flashing wrong signals Have you heard the stories of people who have driven through fields, into lakes or off […]
by Tom aka Rusty Rustbelt The Tragedy of DetroitOne of the great highlights of my life was my first visit to Detroit in 1962. I fell in love with the metropolis and of course the Detroit Tigers. This week the governor of Michigan will appoint an emergency financial manager for Detroit, if anyone will take […]
Not up to Angrybear standards so click the link to my hall of shame.
Dylan Matthews reports fascinating research which contrasts state legislators’ estimates of their constituents views on some key issues with polling data on those views. David Broockman and Christopher Skovron find that liberal politicians overestimate their constituents conservativeness and conservative politicians vastly overestimate their constituents conservativeness. The post is too good do summarize so just click […]
Today, in the New York Times: With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold. … “So far in this recovery, corporations have captured an unusually […]
Both Romneys said he would be more effective at navigating the current political moment. “I’ll look at what’s happening right now, I wish I were there,” Mitt Romney said. “It kills me not to be there, not to be in the White House doing what needs to be done. The president is the leader of […]
Guest post: From reader McWop who has been a constant for a number of years, aka Matthew McOsker, writes on: How money enters the economy through deficit spending. A simple model for discussion. When the government deficit spends here are the mechanics: a) Government buys goods from some private entity, let’s say $1,000 worth. The […]
http://www.nytimes.com/2013/03/04/business/economy/corporate-profits-soar-as-worker-income-limps.html?nl=todaysheadlines&emc=edit_th_20130304&_r=0 But although experts estimate that sequestration could cost the country about 700,000 jobs, Wall Street does not expect the cuts to substantially reduce corporate profits — or seriously threaten the recent rally in the stock markets. “It’s minimal,” said Savita Subramanian, head of United States equity and quantitative strategy at Bank of America […]