by Tom aka Rusty Rustbelt Health Care Thoughts: More Complexity Grumbling I have made the point many times that if anything stops Obamacare it will be the inability to implement an extremely complicated program. Call it “Rusty’s Theory of Complexity.” The feds have now published (link below) the draft application for financial assistance in health care […]
by Linda Beale Addressing TBTF with tax and other policy: because “Big Banks Go Wrong, Pay Little Price” The New York Times today reiterated what many Americans lament–Big Banks went uncharged for serving as the main engine of the Great Recession that cost ordinary Americans jobs, homes and futures. See Andrew Ross Sorkin, Big Banks […]
A New York Times reporter Gardner Harris describes an issue that might jar some of our perceptions about access to potable water: Almost no place on Earth gets more rain than this small hill town. Nearly 40 feet falls every year — more than 12 times what Seattle gets. Storms often drop more than a […]
by Tom aka Rusty Rustbelt Detroit Update Today Former Mayor Kwame Kilpatrick was convicted in federal court of 24 felony courts of racketeering, extortion, mail fraud, bribery and tax evasion. His chief henchman contractor Bobby Ferguson was convicted of 9 counts of racketeering and bribery.Kilpatrick’s father was convicted of one count of tax evasion but the […]
By Jeff McCord, The Investor Advocate Take Lincoln’s Approach to Hold “Untouchable” Fraudsters Accountable Within recent months, two media events captured the attention of many Americans: the premier of the Spielberg movie “Lincoln” showcasing the 19th century federal government’s ability to end our nation’s crime against humanity; and, the airing of the PBS Frontline series […]
Catherine Rampell writes a good analysis with caveats on why we seem to have . Best to read the original as I could not figure out a way to nuance a summary. Lots of comments to fill out the why I believe : In an article on Thursday’s front page, I wrote about how long […]
US Household wealth regains pre-recession peak! crows this story. Steve Roth‘s chart to 2010 from Asynptosis demonstrates the drop in net worth for most of us. pgl at Econospeak adds perspective: So Whose Wealth Is At a Record High? This news story must be good news for some folks: According to the Federal Reserve, household wealth […]
Richard Eskow points us to a trend with liberals media types and Social Security: A President Who’ll Cut Social Security — And Liberals Who Love Him Too Much The spectacle of a supposedly liberal president repeatedly and needlessly trying to cut Social Security is enough to bring a reasonable, economically literate person to the point […]