by Linda Beale IRS will issue summonses for offshore bank account info The IRS got court orders permitting it to see information about taxpayers with undisclosed offshore bank accounts from US banks. In re the Tax Liabilities of John Does (SDNY No. 1:13-mc-00377 Nov. 12, 2013). According to BNA Daily Tax RealTime (Nov. 12, 2013 […]
Via Economist’s View, Paul Krugman notes a pattern in out post racial rhetoric: So what’s this all about? One reason…, Daniel Little suggested in a recent essay, is market ideology: If the market is always right, then people who end up poor must deserve to be poor. I’d add that some leading Republicans are, in […]
Bill McBride at Calculated Risk points us to some apparent better news State and local government austerity is over I think most of the recession related state and local government layoffs are over, and it appears state and local government employment has bottomed. Of course Federal government layoffs are ongoing, but it appears state and local […]
Via Business Insider: While campaigning for President in 2008, candidate Barack Obama promised to not alter the way that cost of living adjustments were calculated for Social Security, a policy that is now a key feature of his 2014 White House budget. Addressing the AARP in September 2008, then-Senator Obama drew a major contrast between his […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Which Law to Violate? Citing a state notice statute, the Insurance Commissioner of California has convinced Blue Shield NOT to cancel policies which are not grandfathered under the ACA. The policies will be extended until March 31, giving hundreds of thousands of policy holders more time to […]
Several readers and contributors have reported problems getting to comments or leaving comments. Please let me know via angrybearblog at gmail.com if you are. Sorry for any inconvenience. Update Nov.9…. No answers from ad people or our own servers yet…sorry. Dan
Via the ?Real News: Privitization of the Royal Mail Service Interview of John Weeks,( a professor emeritus of the University of London and author of the forthcoming book The Economics of the 1%: How Mainstream Economics Serves the Rich, Obscures Reality and Distorts Policy). Brings to mind this process: Grim outlook of US post office buildings: Currently, […]
Lifted from comments from Edward Lambert’s International flows Part 4 comes a reminder from Angry Bear Steve Roth: This is all part of the universal “saving/saving” confusion. See Nick’s post “Why ‘Saving’ Should be Abolished” http://worthwhile.typepad.com/worthwhile_canadian_initi/2012/01/why-saving-should-be-banned.html Key point, I think, been meaning to write a (another) post on this: “The economy” cannot “save” money. For […]
Dean Baker was polite in responding to another story from the Washington Post in the campaign to discredit the program: That’s what the headline of the front page Washington Post story might have read if the purpose was to inform readers. Instead the lengthy piece (which covers the whole back page) told readers that Social […]