Via Business Insider, Joe Weisenthal offers a look at the explosion of media covering the notion of ‘fiscal cliff’. I was going to list representative links but gave up…I leave it to readers to supply their own sources for this post. The issue has been framed as mostly an ideological and partisan battle, with a […]
Via Taxprof blogWall Street Journal: Tax Twist: At Some Firms, Cutting Corporate Rates May Cost Billions: What Uncle Sam has given to the earnings of companies like Citigroup, AIG, and Ford he soon might take away. President Barack Obama has said, most recently during last month’s presidential debates, that the 35% U.S. corporate tax rate […]
by Mike Kimel Posterity I think you have to go back to Bob Dole in 1996 to find a Republican nominee for for President whose signature accomplishment wouldn’t be repudiated by most members of his own party in November 2012. The 2000 and 2004 nominee is best known for turning a surplus into a deficit […]
I’d like to interject a very concrete example into the large swirl of quite theoretical, thought-experiment discussion about whether “demand for money” means “demand for the medium of exchange” or “demand for the medium of account.” Scott Sumner and Nick Rowe are, as so often, at the center of this discussion. But before I do, […]
Andrew C. Thomas asks about Silver’s uncertainty estimates. (via @nikete) My very confident guess was that Silver’s forecasts were too cautious — that his probability estimates were too close to 50 %, that he underestimated the precision of his point forecasts. It is actually easy to check my hypothesis (not that I did) by looking at […]
We are now mostly through Week 10 of the NFL season, which means most teams have played nine games. Unless Kansas City manages to beat Pittsburgh by more than 36 points on Monday*—not, to be gracious about it, the Way to Bet—there will be four teams in the NFL that have give up between 10 […]
The CBO Wants to Discuss Healthcare and the Deficit?(from run75411) Someone struck a nerve, “The Lady Doth Protest Too Much: CBO Director Asks for A Chat . . .”. Yves Smith at Naked Capitalism received an interesting email after a voice mail from the Associate Director of Communications for the CBO: Greetings, Susan.I am following […]
Left out in the wake of the election and material, Linda’s post is still relevant as we continue to clean up, repair and replace damage done by Hurricane Sandy and the Nor-easter.. I would like to see more information on plans for future ‘unique’ storms and ways to handle some of the unique problems encountered […]
Historian Mary Beard comments on the history of Why the rich look down on the poor. You know, the poor tend to snort a lot and live under awnings!
by Linda Beale If the Dems got a backbone Yesterday I urged the Democrats to develop some backbone in response to the continuing right-wing extortion demands for military spending increases, tax cuts and entitlement program changes.How should that backbone be used? Not an easy question to answer and likely my answer will upset many economists […]