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

The fallacy of privatization: anti-government screeds and the Romney agenda

by Linda Beale The fallacy of privatization: anti-government screeds and the Romney agenda As a prominent tax professor points out, Mitt Romney accumulated most of his additional wealth in a business that generally doesn’t do anything to increase national wealth. Mitt Romney accumulated his wealth as managing director of Bain Capital, a leveraged buyout fund […]

Sea ice in the Arctic and new data from Cryo-Sat-2

Hi folks…coming back on line from experiences in hospital services (not mine) and found this Guardian article on something we haven’t followed closely in posts.   From the Guardian comes this note on the preliminary data of the new Cryo-Sat-2 probe on Arctic ice volumes: Sea ice in the Arctic is disappearing at a far […]

Via The Dailey Beast comes this tidbit from Grover Norquist at the Defending the American Dream Summit in Washington, sponsored by Americans for Prosperity: The most quoted speech at CPAC this year was Mitt Romney’s, but my vote for the most significant goes to Grover Norquist’s. In his charmingly blunt way, Norquist articulated out loud […]

Health Care Thoughts: Re-admissions, Resident Rights and Pie

by Tom aka Rusty Rustbelt Health Care Thoughts: Re-admissions, Resident Rights and Pie  A follow up to a post on evidence based medicine….  PPACA is putting extreme pressure on hospitals to reduce Medicare re-admissions. Hospitals are putting increasing pressure on nursing home to reduce re-admissions, particularly due to diabetes.  Nursing homes are under constant pressure to […]

Which (macro)-economists are worth listening to?

One could add a few names, and people did in comments.  One could also add a couple more thoughts  to Jonathon’s criterion, two of which could be admitting to mistakes and fixing parts of the model one is using if missed called, and a caveat around whether an economist could explain his/her model well and […]

Romney is still hiding his tax history (Part IV)

by Linda Beale Romney is still hiding his tax history (Part IV) As I noted in several prior posts about the reasons that multiple years of the Romneys’ tax returns are essential to evaluating Romney as a presidential candidate, the fact that Romney has adamantly refused to release returns other than the 2010 actual return […]

U.S. Trade Deficit Largely Due to "Intra-Firm" Trade

by Kenneth Thomas U.S. Trade Deficit Largely Due to “Intra-Firm” Trade The vast majority of the U.S. $727 billion trade deficit in goods for 2011 is due to “intra-firm” or “related party” trade, that is, trade between two units of the same corporation, according to the U.S. Census Bureau. This is significant because such trade […]

World Trade Turning Down

by Rebecca Wilder World Trade Turning Down Something different for today: world trade. Recently, South Korea and Taiwan released July 2012 trade statistics, where annual export growth was seen contracting at a 8.8% and 11.6% rate, respectively. The annual pace of export growth in Taiwan contracted for the fifth consecutive month, where that in South […]