Center for Effective Government  presents side by side budget comparisons: Click image to see full-size PDF chart and analysis A larger image is also available (JPG format)

Greg Mankiw suggests a part of the new budget proposed by President Obama affects 401k and IRA accounts. Some comment in general retirement accounts from AB starts here. Apparently, President Obama’s budget is going to include some kind of penalty for people who have accumulated more than $3 million in retirement accounts.  The details are not […]

Margaret Thatcher, Polarizing Right-Winger The major news media celebrated Margaret Thatcher upon her death.  They seem to praise her stubbornness and ability to move the UK to support her very conservative anti-union, pro-deregulation and privatization policies and talk of her impact on the UK.  David Brooks, a typical voice on the right who saw Thatcher […]

The headline numbers in the employment report were very weak as  payroll employment rose by only 88,000  and the household survey reported a -206,000 drop in employment while the labor force fell by -496,000.  The futures markets are reacting very badly.  But the workweek expanded and aggregrate hours worked increased 0.3% as compared to 0.5% […]

by run75411 Re-posted from New Agenda April 2009, Bill reminds us of some of the history leading up to today: Editor’s note: We are pleased to present this guest post by Bill H, who’s known around the internet as run75441, and who can usually be found writing in his area of expertise: finance. Recently, Stanford Magazine […]

Update: Application, clarification of “New world Order”. I have put this update at the beginning of the post for I believe it is an aspect of my post on the Trans Pacific Partnership (TPP)  that should not be dismissed by myself nor by a reader of the post. Now that I have had the day […]

This was one of the better employment reports of this cycle.  Private payroll employment grew 246,00while  government employment fell about 10,000 for a net gian of of 236,000.  The household survey also showed a nice gain of 170,000.   On a year over year change basis both series are showing nice gains. You would never […]

With all this stalemate posturing in Washington, today Chris Hayes has come up with the best idea I have heard yet to move the players. And, in my opinion actually solve our economic depression.   One trillion dollars to be spent on direct hiring by the government along with debt forgiveness.  A solution right out […]

I watched  Dr. Wolff (Professor emeritus, UMass) on this past week  episode with Bill Moyers.   At the end of this show, Mr. Moyers invited the viewers to submit questions to Dr. Wolf who has agreed to return in a couple of weeks to answer them. Here is he with an interview by Julianna Forlano of […]

I promise, there are numbers here, but lets have some fun first and write a screen play to set up the point. It is long, but…   “Dear, I’m getting nervous. We seem to keep adding to how much money we owe and our income hasn’t changed for the better. What can we do?”   […]