rdan 40 year wish list op-ed piece in the WSJ says (hat tip Tinman) : Most of the rest of this project spending will go to such things as renewable energy funding ($8 billion) or mass transit ($6 billion) that have a low or negative return on investment. Most urban transit systems are so badly […]
Tom (STR) has another post at Health Care Think Tank Senator Daschle wants to build on the current private system, but also expand the scope and reach of federal government programs. The Federal Health Board, modeled after the Federal Reserve Board, would initially be directed at the federal government programs, but Daschle makes it clear […]
lifted from Calculated Risk From the International Air Transport Association: Cargo Plummets 22.6% in December (hat tip Bob_in_MA) In the month of December global international cargo traffic plummeted by 22.6% compared to December 2007. The same comparison for international passenger traffic showed a 4.6% drop. The international load factor stood at 73.8%. For the full-year […]
rdan Naked Capitalism also points to the underlying inattention to US trade policy and our financial wizards. Last night, we reported that the International Institute of Finance was calling for a global GDP contraction for 2009. The IMF today, while not going as far as the IIF, got about as downbeat as one could expect […]
reader Jimi sends a link to a NYT article in 1988 on the economist schism mentioned in 2009 NYT article.
rdan A background for the non economists concerning freshwater and saltwater economists harks back to 1976 when Robert Hall christened the central schism in macroeconomic thought as being between the freshwater and saltwater schools. The division was picked by their location (on the Great Lakes and Rivers versus the coastal schools). The division exists today […]
by reader Noni Mausa The ‘illions, by volume, area and time If a millionWas a walnut A billionWould be three ice cream pails A trillionWould be my spare bedroom====If a millionCould be covered by a man’s handkerchief A billionCould be covered by a 1500 square foot bungalow A trillionWould be 25 acres – 33 football […]
rdan Newsroom of the Project on Student Debt.
reader Movie Guy WHITE HOUSE Communications: White House Press Pool Report No pool reports filed yet. EXECUTIVE ORDERS and PRESIDENTIAL MEMORANDA The White House President Obama delivers Your Weekly Address The White House Saturday, January 24th, 2009 at 5:55 am MEMORANDUM FOR THE SECRETARY OF STATE THE ADMINISTRATOR OF THE UNITED STATES AGENCY FOR INTERNATIONAL […]
by cactus The TARP and the Welfare Queens Yves Smith had a post up yesterday entitled Quelle Surprise! Big Banks Who Got TARP Funds Reduced Lending. It’s worth a read, but essentially the post is true to its title. Which brings me to a post I wrote back in October, right after TARP came to […]