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

Medicare Cuts: What is the Fight About?

by Run75411 “Water For Elephants” “carrying water for elephants” is a phrase that means carrying a heavy load, much like carrying a secret that you can’t tell even someone you love wholeheartedly, just as in the end Jacob does for his wife.An elephant drinks 25-75 gallons of water a day far more than any man […]

Is the Growth of Manufacturing Production a Mirage?

by Kenneth Thomas Is the Growth of Manufacturing Production a Mirage? A lot of people lament the decline in manufacturing employment, which has fallen by about 1/3 since 2000. As Upjohn Institute economist Susan Houseman points out in the linked article, we’re talking about 5.5 million lost manufacturing jobs in that time frame. Here’s what […]

Lid Blowing Off Romney Tax Secrecy

by Kenneth Thomas Lid Blowing Off Romney Tax Secrecy Gawker (via Eman at Daily Kos) dropped a bombshell yesterday when it released over 950 pages of confidential documents from 21 Bain Capital-related investment vehicles, all of which Mitt or Ann Romney invested in. It made all 48 documents into a single searchable one here so […]

Guest post: “Mother” of All Bank Frauds Shocks and Awes Regulators

“Mother” of All Bank Frauds Shocks and Awes Regulators,As LIBOR Victims Seek Justice By Jeff McCord of The Investor Advocatewww.the-investor-advocate.comAugust 21, 2012 Many wonder why Federal regulatory precincts are so quiet several weeks following discovery that the London Interbank Offered Rate (LIBOR), a key interest rate determining charges to and earnings by American borrowers, lenders, […]

Guest post: “The Pay Off: Why Wall Street Always Wins”

By Jeff McCord  is a former US Senate staffer, Securities Investor Protection Corp (SIPC) executive and has been a free-lance journalist for Dow Jones publications. His academic background in economics includes post-graduate work at the London School of Economics and George Washington University. He can be read at Investors Advocate.    EX-BIDEN AIDE’S MEA CULPA REVEALS […]

Health Care Thoughts: Physician Burnout

by Tom aka Rusty RustbeltHealth Care Thoughts: Physician BurnoutDuring the years I worked every day with physicians I learned a great deal, including about the time pressure, the relentless work flow and the sleep deprivation during physicians’ “on call” days.A Mayo Clinic (http://archinte.jamanetwork.com/article.aspx?articleid=1351351) has been published and 50% of physicians are feeling impacts of burnout. […]

Dutch Domestic Demand Dragging Real Home Values

by Rebecca Wilder Dutch Domestic Demand Dragging Real Home Values Today Statistics Netherlands (CBS) warned ”House Prices Nosedive“. Prices of existing owner-occupied dwellings sold in July 2012 were on average 8.0 percent down from July 2011. This is the most substantial price drop since the price index of existing residential property was first recorded in […]