Mark Thoma in The Fiscal Times takes a stab at explaining this recession and policy: As this year comes to a close, and as we finally begin the recovery stage of the recession, it’s a good time to look back and ask how policymakers could have improved their response to the downturn. What can we […]
The 2010 Census is out now….lots of data.
The NYT makes note of the US chamber of Commerce and litigation: The chamber now files briefs in most major business cases. The side it supported in the last term won 13 of 16 cases. Six of those were decided with a majority vote of five justices, and five of those decisions favored the chamber’s […]
(Dan here: I am traveling right now and am posting things late or maybe not as tidy as I would like. But posts are coming.) by Linda BealeTax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 passes crossposted with Ataxingmatter No big surprise here. The House on December 16 passed the Senate-approved TRA […]
Tom Walker(aka Sandwichman at Ecological Headstand) Modeling Sunshine and Shadows: Inequality, long hours and crisis Alex Harrowell at A Fistful of Euros sees sunshine beaming from the IMF in a working paper by Michael Kumhof and Romain Rancière that identifies income inequality as a potential source of financial crisis. No shit, Sherlock! Outside of the […]
by Mike Kimel A Simple Explanation for a Strange Paradox: Why the US Economy Grew Faster When Tax Rates Were High, and Grew Slower When Tax Rates Were LowCross posted at the Presimetrics blog. If you are familiar with my writing, you know that for years I have been covering the proverbial non-barking dog: the […]
The Colbert Report Mon – Thurs 11:30pm / 10:30c Jesus Is a Liberal Democrat www.colbertnation.com Colbert Report Full Episodes Political Humor & Satire Blog March to Keep Fear Alive
by Linda Beale Derivatives: greater transparency is neededcrossposted with Ataxingmatter The big banks got into considerable trouble doing derivatives trades–especially the credit default swaps where AIG was the major counterparty and the taxpayers ended up bailing out the Big Banks like Goldman Sachs. So surely one of the results of “financial reform” in the wake […]
MSNBC reports Obama signs tax cut bill into law : The Senate vote was 65-31. The House had passed an identical version of the bill, 250-175, on Wednesday. Link to S4023 as passed by the Senate today. Obama was expected to sign it next week, although the change wouldn’t take immediate effect. The legislation says […]