Arianna Huffington should consider John Derbyshire to do her Russert Watch: Watching Meet the Press roundtable on the gas price kerfuffle. Russert, challenging Energy Secretary Sam Bodman: “Oil demand is up. Supply is down. So why are prices rising?” Er……….. OK – Rachel Sklar did a nice job echoing something CalculatedRisk observed: Bodman says that […]
Do today’s marches in Los Angeles slightly inconvenience me? Perhaps – but I support today’s boycott even if I have to work at home for one day. If you are wondering where I live Mark Kleiman gives you a clue: Note to my Westside friends: Yes, Highland Park is on the wrong side of Interstate […]
Via Dean Baker comes Eric Dash of the New York Times writing about one aspect of the compensation package for Denny’s CEO: For leading the turnaround of the Denny’s restaurant chain, Nelson J. Marchioli was all but given an extra $500,000 last year, slightly more than his reported bonus for 2005. For leading the turnaround […]
The Advance Estimate for the first quarter of 2006 is out reporting 4.8% real GDP growth on an annualized basis, which basically makes up for the weak 1.7% figure for the last quarter of 2005. Investment growth remains strong and consumption grew relative to GDP. Andrew Samwick is worried that private savings remains low. Rubinomics […]
Kevin Drum watches the stock price of Exxon decline even though they reported $8 billion in quarterly profits. CNN’s American Morning was on the story explaining the decline in the stock price by noting that analysts had expected $9.2 billion (not trillion). At one point – Andy Serwer hinted that the difference between reported earnings […]
Jonah Goldberg poses an Upward Mystery after reading one of his emails: Gas prices go up, driving stays the same. Interest rates go up, the economy keeps on chugging along … If things are so bad, how come they’re so good? This post came after he linked to an interesting article from Nick Schulz: But […]
NewHounds watch Fox so we don’t have to: Hannity’s face was in the bullyboy squint and he jabbed his finger as he spoke to “Democratic strategist” Bob Beckel. “I want YOU to know, Bob Beckel, I give blame for high gas prices. 30 years of the Democrats beholden to the extreme environmental movement, we haven’t […]
AB reader ilsm points us to a set of White House graphs on employment, GDP growth, and the budget. More on this after thanking Brad DeLong for commenting on a comment from Greg Mankiw on our fiscal future. Greg reminds us that we have to choose between reducing entitlement growth versus imposing taxes even higher […]
Mark Thoma finds this gem from the Columbia Business School Follies about Ben Bernanke … enjoy! Check this out: “Every Breath You Take,” by Dean Glenn Hubbard. It’s worth it (music video about Bernanke to the tune of “Every Breath You Take” – wmv file). Update: iTunes link (mp4).
KLo suggests that Senator Kennedy is a socialist for telling Russert: And he ought to activate and call the Federal Trade Commission-which is basically a sleepy organization that has given an interim report in terms of price-fixing and gouging-he ought to get them off and have them working seven days a week, 24/7, to make […]