This change is common knowledge for many and as noted happens in many forms (globalization), but the following is another way to frame changing ownership patterns and attitudes about who you might be trusting to make the rules: NEW CORPORATE TAX SHELTER: MERGER ABROAD American corporations increasingly are reducing their tax bill by buying […]
And from Naked Capitalism: Debt Ceiling Chicken and Trench Warfare – Yves Smith – In the US, despite all the media frenzy over the Federal shutdown, the attention of the insiders has already moved to the real cliffhanger: the debt ceiling impasse, which starts to bind on October 17. Treasury is already fulminating how putting […]
Lifted from Robert’s Thoughts Obviously the main chance is that Boehner is bluffing and that he will bring a clean debt ceiling increase bill to the floor of the House and it will pass mostly with the votes of Democrats. He would then probably lose the gavel to some new Speaker which will make us […]
From Policymic on the incremental re-instating government services: http://www.policymic.com Why You Shouldn’t Expect a Compromise On the Government Shutdown Anytime SoonDon’t get your hopes up about a compromise on the government shutdown anytime soon. The Pentagon has decided to bring 350,000 employees back to work and the House has votedunanimously (no, I’m not kidding) […]
From the Los Angelos Times comes this article on Social Security Disability and reporting: Is it possible for a major news organization to produce a story about the Social Security disability program without interviewing a single disabled person or disability advocate? That’s the experiment “60 Minutes” conducted Sunday. The result was predictably ghastly. The news […]
From the many submissions of posts offered as publishable material, this one makes the guest post list. Dan by Dave Landry Jr. (Davis is a debt relief counselor and personal finance manager, working with National Debt Relief to alleviate the stresses of debt through consolidation and advisement.) 5 Reasons Why Student Loan Debts Are […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Really Narrow Networks “Narrow networks” are in the news as the ACA exchanges begin to do business (or not?). From the Columbus Dispatch: http://www.dispatch.com/content/stories/local/2013/10/07/low-cost-premiums-thin-out-providers.html There may be other problems besides low payment rates. According to the Medical Group Management Association (MGMA) contracting is slow, uncertainty is high, and […]
The Myth of the “Free Market” and How to Make the Economy Work for Us MONDAY, SEPTEMBER 16, 2013 by Robert Reich One of the most deceptive ideas continuously sounded by the Right (and its fathomless think tanks and media outlets) is that the “free market” is natural and inevitable, existing outside and beyond government. […]
Take out one outlier month, and the ‘stunning growth’ in part-time employment falls from 59% to 19% of jobs added (Mark J. Perry, Carpe Diem, The American Enterprise Institute) Many are still quoting the grossly inaccurate figure of 96% of new jobs in 2013 being part-time. But even the actual 59% derives substantially from a […]