Round One to the Banks, More to Come writes Robert Weissman: On the Wall Street reform bill, the Senate, late last Thursday, rejected probably the most important measure proposed to reduce Wall Street power, strengthen financial stability and fortify our democracy: breaking up the banks. By a 33-61 vote, the Senate defeated the Brown-Kaufman amendment, […]
(hat tip ilene at Phil’s World) Lounsbury at Seekingalpha points us to another aspect of the nature of this recovery. The Philadephia Fed provides statistics on Concident Indexes for March.
Peter Morici suggests a way to look at economic recovery: This recovery is decidedly anti middle class. Wages will not keep up with rising prices, health care premiums and taxes. A good deal of the gains, so far, are going to Wall Street and the medical and intellectual property industries. At 5.6 percent, fourth quarter […]
by cactus Recessions, Part 3: The AftermathThis post looks at the length & severity of a recession and compares those factors to the length & speed of the previous recession. Data on the length of the recession, in months, comes from the NBER, and data on real GDP per capita (the measure of growth and […]
Barkley Rosser announces his new book: I am pleased to announce the publication of my book with David Colander and Richard Holt, European Economics at a Crossroads, being issued in both hardcover and paper back simultaneously from Edward Elgar. Several years in the producing, this book is the sequel to our 2004, The Changing Face […]
(hat tip OMB Watch) Coal Combustion Residuals, often referred to as coal ash, are currently considered exempt wastes under an amendment to RCRA, the Resource Conservation and Recovery Act. They are residues from the combustion of coal in power plants and captured by pollution control technologies, like scrubbers. Potential environmental concerns from coal ash pertain […]
by Linda Bealecrossposted at Ataxingmatter Carried Interest: prospects? At the ABA Tax Section meeting in Washington last weekend, there was surprisingly little talk about the carried interest proposal. Carried interest, for those who don’t work often in the partnership area, is the way that managers of real estate, hedge, and equity partnerships receive a generous […]
Congress Dailey reports on the call to ‘strip’ American citizens of legal rights (Miranda rights, but also indefinite detention? as suggested by Joe Lieberman) based on suspicion and ‘affiliations’. We have a ‘war on drugs’ and a ‘war on terrorism’. Both involve specific policies and specific agencies, not the aid of Captain America and Ironman […]