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

Promise Merchants

By Noni Mausa Promise Merchants Let me remind you what a very weird idea money is. The IOU is a simple idea. Money is like an IOU, but carried beyondthe boundary of reason into an entirely different and peculiarterritory. If I write an IOU, it has my name on it, your name, perhaps a date,and […]

Defective Chinese-made Drywall

by Linda Bealecrossposted with Ataxingmatter Defective Chinese-made Drywall–safe harbor to claim repairs are casualty losses In IR 2010-102 (Sept. 30, 2010), the IRS announced that damages from corrosive drywall would be able to be treated as a casualty loss, and in Rev. Proc. 2010-36, there is a “safe harbor” formula for determining the amount of […]

Letting rates go up for the rich

by Linda Bealecrossposted with Ataxingmatter Letting rates go up for the rich When I was asked by the New York Times to write a brief op-ed to counter arguments made in the Washington Post that the economy would be helped by cutting taxes for the rich (so that they stay the same as they were […]

Book signing

by Mike Kimel I’m having my first ever book signing on Sunday, October 10, at the Border’s bookstore in North Canton, Ohio for Presimetrics, the book I wrote with Michael Kanell. If it goes well, I’ll look into doing signings at bigger cities as well. As to the selection of the store – simply put, […]

Wonders of private equity

Wonders of private equity at Econospeak by Michael Perelman points to another example of of the a type of ‘investment’ that adds up to a very different idea than many think. No comment needed. Creswell, Julie and Peter Lattman. 2010. “Private Equity Thrives Again, but Dark Shadows Loom.” New York Times (29 September) Dealbook Special […]