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

US wages trail 10 OECD countries, but with higher unemployment than 9 of them

by Kenneth Thomas US wages trail 10 OECD countries, but with higher unemployment than 9 of them Contra Eric Cantor, Labor Day celebrates the importance of labor and the labor movement in American history. But the bluster of Cantor, where he celebrates the so-called job creators, does illustrate that organized labor has been in decline […]

Omigod

(Dan here…Lifted from Robert’s thoughts) Robert writes: Omigod Sept 4 2012 really is opposites day.  Ezra Klein made an incorrect claim of fact about health care financing.  He wrote: But I’m not going to make that argument. I’m on-record saying that trust-fund accounting is by and large a ridiculous way to look at the federal […]

Tax Court Rejects Geithner/Turbo Tax Defense

From Tax Prof blog: Tax Court Rejects Geithner/Turbo Tax Defense Bartlett v. Commissioner, T.C. Memo. 2012-254 (Sept. 4, 2012): Petitioner admits that her income was misreported and that her taxable income was underreported. She maintains that she reported all of her income and that the mistakes made were “honest mistakes” resulting from her lack of […]

The war against women

by Maggie Mahar    (The author of Money-Driven Medicine: The Real Reason Health Care Costs So Much (Harper/Collins 2006), Mahar also served as the co-writer of the documentary, Money-Driven Medicine (2009), directed by Andrew Fredericks and produced by Alex Gibney.Before she began writing about health care, Mahar was a financial journalist and wrote for Barron’s, […]

Romney and Private Equity’s Questionable Schemes for Paying Very Little Tax

by Linda Beale Romney and Private Equity’s Questionable Schemes for Paying Very Little Tax Presumably any American who wants to be informed is aware that GOP presidential candidate Mitt Romney‘s claim to business acumen resides in his experience at a private equity firm that made much of its money by ramping up debt at purchased […]