by Rebecca Wilder Policy transmission mechanism: Broken in Italy, better in SpainYesterday, the Financial Times reported that borrowing costs for small businesses in the periphery were rising relative to the core using the ECB’s release of July MFI interest rate data. I highlighted this point exactly on August 1 following Draghi’s now famous London speech, […]

Passing along a note from Michael Perelman at Econospeak: The Matrix: The Intersection of War, Economic Theory, and the Economy Vincent Portillo and I are working on a new book, The Matrix: The Intersection of War, Economic Theory, and the Economy. So far it is still remains an exploration rather than a finished research project. […]

Via Alternet: After the Akin brouhaha, Paul Ryan was asked his opinion on rape and abortion. He said that “the method of conception doesn’t change the definition of life.” Gottalaff wrote at the Political Carnival about where this easily deployed logic actually ends up: So rape is just, you know, another way to conceive. There’s […]

“$1 million per job. That’s what America’s top money man says we’ve spent on stimulus from the Fed alone,” Burnett said on her CNN show “OutFront” on Friday.…These mistakes are particularly noteworthy because Burnett is a business news veteran who also has worked at Goldman Sachs and Citigroup. She was an anchor at CNBC before […]

From Naked Capitalism: Wall Street’s War Against the Cities: Why Bondholders Can’t – and Shouldn’t – be Paid By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, a research associate at the Levy Economics Institute of Bard College, and author of “The Bubble and Beyond,” which is available on Amazon. […]

From Center of Budget and Policy Priorities using CBO numbers: Ezra Klein explains each color and quantity. Tom Blumer explains how you do not have to look at it if you don’t want to. And there you go…2012 election strategy in a nutshell.

The NELP offers a look at the trend for job creation. And there is the caveat that of the productivity gains post recession, over 90% went to those with income over $450,000. http://www.nelp.org/page/-/Job_Creation/LowWageRecovery2012.pdf?nocdn=1

by Linda Beale Corporate taxes down, workers’ taxes up–that’s America today Corporate taxes used to constitute a significant portion of federal revenues, almost a third in 1950.  Payroll taxes from workers were considerably less–around 10% in 1950.  Andrew Leonard, Who Really Pays Taxes? Salon.com (Aug. 28, 2012).The times have changed.  Corporate taxes have declined steeply […]

Caught from the Washington Post…and also interesting knowing theTrans Pacific agreements allowing multinational CEOs and firms to sue in domestic courts: Apple patents were violated by Samsung, jury rulesApple won a sweeping victory in its landmark patent dispute against Samsung when a Silicon Valley jury ruled Friday that a series of popular smartphone and tablet […]