by Kenneth Thomas It’s the Middle Class, Stupid! (Review) When I saw that James Carville and Stan Greenberg had just published It’s the Middle Class, Stupid! (Blue Rider Press), I knew that I would want to read it. I had always liked Carville’s We’re Right, They’re Wrong and wanted to know his take on approaching […]
Evidence of Hampered Monetary Policy Transmission Channel in the Euro Area by Rebecca Wilder Mario Draghi cautioned on the ‘hampered’ transmission channel of monetary policy in his now famous London speech last week: To the extent that the size of these sovereign premia hampers the functioning of the monetary policy transmission channel, they come within […]
by Linda Beale Does the Tea Party support Tax Dodgers? Andrew Leonard’s July 27 article in Salon, Tea Party Shields Tax Dodgers, looks at the way Jim DeMint and Rand Paul are carrying water for the big banks–suggesting that Treasury shouldn’t be implementing the “FATCA” legislation passed as part of the HIRE act because it […]
I met Cathy for coffee in Cambridge when she was presenting at MIT awhile ago. I liked her style and knowledge. Re-posted with permission from the author. by Cathy O’Neila data scientist who lives in New York City and writes at mathbabe.org Statisticians aren’t the problem for data science. The real problem is too many […]
And another view on the upcoming election deals we need to worry about in addition to party agendas and deals. Doubling down on upward distribution of wealth remains the name of this game…it is hard enough to debate real budget issues without this party going on: Deficit debate driven by the wealthy, by Michael Hiltzik, […]
Via Economist View comes James Kwak at Baseline Scenario on the early deal made on the the ‘fiscal cliff’: ‘The One-Sided Deficit Debate’ James Kwak is pessimistic about the deficit debate: What’s more, the “consensus” of the self-styled “centrists” is what now makes the Bush tax cuts of 2001 and 2003 seem positively reasonable. With […]
Barkley Rosser at Econospeak opines on: Bill Keller Joins The Cut Social Security Gang In today’s New York Times, former editor Bill Keller has an especially obnoxious column about baby boomer entitlement. I am not going to dispute at all his listing of various selfishnesses that we baby boomers have indulged in from Gordon Gekko type […]
Simon Johnson at Baseline Scenario points to basic fraud on the business practices for LIBOR: The behavior at Barclays has all the hallmarks of fraud, pure and simple – intentional deception for personal gain, causing significant damage to others. The Commodity Futures Trading Commission nailed the detailed mechanics of this deception in plain English in […]
Economist Mark Blyth talks on Europe and rescuing the banks… See 35 minutes in on context for LIBOR troubles. (70% of the special investment vehicles designed to pump and dump mortgages belong to European not American banks … Euro banks listed their periphery debt as Tier One Capital under Basel.)
by Linda Beale Tax evaders (and those who aide them), not regulatory complexities, cause tax evasion The July 24 New York Times Magazine carries an article by Adam D entitled My Big Fat Belizean, Singaporean Bank Account. The author shows how easy it was for him to establish a secret offshore bank account that would […]