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

What’s old is New Again

This NY Times piece is making a comparison to yesteryears when those mansions in Newport, RI were built. It starts with Sanford I. Weil of Citigroup and how he compares to Andrew Carnegie. First, how does this period compare: Only twice before over the last century has 5 percent of the national income gone to […]

Buffet wants to "soak the rich" too?

Well, at least equalize the rates at a minimum. But as you read from CNN, he seems to be suggesting something more at least for a certain means of income earning. From the Washington Post: Buffett cited himself, the third-richest person in the world, as anexample. Last year, Buffett said, he was taxed at 17.7 […]

Any thoughts on the fuel costs?

I was tanking up the other day. The Caravan fortunately and not the truck (33 gallons) when I noticed that diesel was about $0.20 less than regular. That seemed unusual from my recollection and got me wondering. So, I found this site by our government titled Energy Information Administration. You can down load all sorts […]

Longer view of savings vs disposable income

Updated below. Cactus’ post got me thinking. And, holding true to my thought that we have changed our focus I decided to take a longer view.First is at chart by year from 1929 to 2006 of the savings % of disposable income. Notice the WWII years? This is the same time income from entrepreneurship was […]

More on Income and saving the rustbelt

This is a continuation of looking at the income of the top 10% of this country. Before we go further, let’s look at what kind of a money machine we are when compared to other countries.This is a chart of GDP by country for 2005 based on data from data360.org. We seem to be quite […]

Tax breaks for dogs?

Here’s a little fun one for you. Should pets, in this case dogs, be tax deductible like children? That’s right. From Congress.org a person comes up with this proposal: My husband & I have no children because we cannot afford to have children living on Long Island. But we do have 2 dogs – 2 […]

Has Jacob Marley been visiting?

After reading Stormy’s post on global warming posted Thursday, 3/12, I heard on NPR’s Market Place today, Thomas Friedman’s solution to the problem – Greed. (Green with a D) Now, there is something wrong I think when a negative character trait is professed as a good thing and a necessity to solve a community problem. […]

More info for saving Michigan and Ohio

This is a continuation of my previous post on what to do to help out Michigan and Ohio. (or the rest of the nation for that matter). I suggested that there is plenty of money in this country, we just need to find a way to reduce a trend that has lead to the top […]

Answering the Vicious Cycle

Well, Save the Rust Belt inspired me to make my first, self posted posting. Save the Rust Belt appears to be asking for help in his posting about the downturn of Michigan and Ohio. So, I thought this is a good post to jump on to start a line of solutions as oppose to just […]