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

Dean Baker on Social Security and Obama

Via Truthout Dean Baker points to continuing insistent of President Obama to keep Social Security ‘on the table’. Dean Baker has a take on some numbers surrounding the politics and stories politicans offer: While most of the DC insiders probably don’t understand the chained CPI, everyone else should recognize that this technical fix amounts to […]

Private equity and real estate managers get a "costly and unjust [tax] perk"

by Linda Beale Private equity and real estate managers get a “costly and unjust [tax] perk” Through a process of Wall Street interpretation of the law and the “Wall Street Rule” (that says that the government tax administration will have great difficulty gainsaying an interpretation of the tax laws that lots of high-powered–read “wealthy”–Wall Street […]

One ring to rule them all…

http://www.angrybearblog.com/2008/01/some-legislators-saw-dilemma.html http://www.angrybearblog.com/2008/04/one-ring-to-rule-them-all.html http://www.nytimes.com/2013/02/24/business/major-banks-aid-in-payday-loans-banned-by-states.html?pagewanted=1&_r=0&nl=todaysheadlines&emc=edit_th_20130224&adxnnlx=1361718393-6egGqNlj8mdptNYglLFLXQ

Minimum wage…who and how much??

Spencer England has written about minimum wages and employment, and Minimum wage and employment from 2008 and Teen unemployment and the minimum wage What the fiscal cliff means for the middle class and state and local taxes Economist Robert Pollin, Professor of Economics at the University of Massachusetts in Amherst and founding co-Director of the […]

Markets Need Regulators – Food Edition

by Mike Kimel Markets Need Regulators – Food Edition Back in college, I had a chat with one of my more libertarian economics professors about the need for regulation. He thought regulation was completely un-necessary. “But what about mislabeled food?” I asked, “How do we even know that what is labeled on the side of […]

social Security

http://www.huffingtonpost.com/2012/12/12/social-security-fact-checkers-fiscal-cliff_n_2286462.html