In 2005 Kash Mansori of Angry Bear took a look at Are Earnings Rising or Stagnant? It is an issue worth periodic review: This question is not as easy to answer as it may first appear. In working on various posts last week I came across an apparent contradiction in the official data on compensation: […]
Meet the Press David Gregory brings up Social Security in relation to federal debt (this is the push), but Senator Reid responds at least forthrightly. This is noteworthy given the apparent acceptance by politicos that Social Security needs fixing at all. Here is part of the transcript: MR. GREGORY: Social Security, how does it have […]
Via Benzinga, L. Randall Wray notes more of the same for socializing the costs of our financial woes: In truly depressing news, Secretary Treasury Geithner announced he was funneling $2.8 billion more bail-out funds to Bank of America. In the deal, Fannie and Freddie would agree to abandon claims that they had been sold trash […]
by Tom aka Rusty Rustbelt Health Care: Privacy and SecurityTechnology both enabled these offenses and enabled the discovery of the offenses. First: Three employees and a contract nurse were terminated from the Tuscon University Medical Center for looking at medical records of the Tuscon shooting victims. None are accused of leaking any information. Second: Darling […]
William Black writes this post Fannie and Freddie’s Managers bought Nonprime Paper for the same Reason Merrill Did: (hat tip Rebecca) This subdivides into four arguments: the Community Reinvestment Act (CRA), Congress’ rejection of an administration proposal to give OFHEO greater supervisory powers, specifically, the power to place Fannie and Freddie in receivership, the ability […]
by Linda Beale Illinois’ deficit reduction scheme crossposted with Ataxingmatter States have generally suffered during this economic crisis much the way most people have–there’s been less money coming in as sales receipts slowed during the recession, more services needed as many become homeless, insuranceless and generally more vulnerable during the recession, and bills have continued […]
Via Forbes the new report by United Health Foundation notes that the health of the population of each state are: …published by the United Health Foundation and funded by insurer UnitedHealth Group ( UNH – news – people ), measures residents of all 50 U.S. states on 22 activities that can predict future health, such […]
by Mike Kimel The Tax Rate that Maximizes Economic Growth, Part 3… With Gov’t Spending, Money Supply and DemographicsCross posted at the Presimetrics blog. Today I will build a model that explains over three quarters of the annual movement in real GDP between 1929 and the present. The model depends on marginal tax rates, government […]