bu Dale Coberly WHAT THE TRUSTEES REPORT REALLY MEANS REALLY “DOING THE MATH” [a few years ago the word “du jour” among journalists about SS was “it’s the math.” Of ourse none of them actually did the math.] [note: i use the tax rate for each the worker and the employer because this is what […]
by Ken Melvin Are capitalism and democracy compatible? Both Capitalism and Democracy are complicated, complex concepts with varying interpretations. Beginning with a working definition of democracy: Democracy — A government formed of representatives popularly elected by the enfranchised citizenry of the governed entity. Webster’s : a government in which the supreme power is vested in the people […]
by Ken Melvin The Road to Calvary From: What to Think To: What to Believe From 15 to 30mins of TV Evening News in 1970 to 24hr TV News in 1980; then on to Fox News in 1996. From the 1950s print journalists and radio news broadcasts, to TV Evening News, to 24hr TV telegenic news […]
by Joseph Joyce Is There a Future for FDI? Among the economic consequences of the coronavirus pandemic will be a drop in foreign direct investment activity. The latest issue of the OECD’s FDI In Figures forecasts a decline of more than 30% in 2020 in FDI flows, even under an optimistic scenario of a recovery in the […]
by New Deal democrat Weekly Indicators for April 27 – May 1 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. As with the Great Recession, once the economy has gone over a cliff, the next question is, where is the bottom of the cliff? At least on a weekly basis, the data […]
by Ken Melvin Judges, Ideologues, Dogmatics, and Bad Decisions A judge should be wise enough to look to the possible consequences of his or her decisions. A judge should be wise enough to change his or her mind. A judge should generally accord these qualities to the decisions of his or her predecessors. And, given […]
by Dale Coberly WHAT THE TRUSTEES REPORT ACTUALLY SAYS WORST CASE: we wait until 2035 and then have to raise the payroll tax 4.13% (2% for workers, 2% for employers) in order to pay for promised benefits. OR have to cut benefits by 25%.The trade-off is about 20 dollars per week […]