Via Alternet: After the Akin brouhaha, Paul Ryan was asked his opinion on rape and abortion. He said that “the method of conception doesn’t change the definition of life.” Gottalaff wrote at the Political Carnival about where this easily deployed logic actually ends up: So rape is just, you know, another way to conceive. There’s […]

“$1 million per job. That’s what America’s top money man says we’ve spent on stimulus from the Fed alone,” Burnett said on her CNN show “OutFront” on Friday.…These mistakes are particularly noteworthy because Burnett is a business news veteran who also has worked at Goldman Sachs and Citigroup. She was an anchor at CNBC before […]

From Naked Capitalism: Wall Street’s War Against the Cities: Why Bondholders Can’t – and Shouldn’t – be Paid By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, a research associate at the Levy Economics Institute of Bard College, and author of “The Bubble and Beyond,” which is available on Amazon. […]

From Center of Budget and Policy Priorities using CBO numbers: Ezra Klein explains each color and quantity. Tom Blumer explains how you do not have to look at it if you don’t want to. And there you go…2012 election strategy in a nutshell.

The NELP offers a look at the trend for job creation. And there is the caveat that of the productivity gains post recession, over 90% went to those with income over $450,000. http://www.nelp.org/page/-/Job_Creation/LowWageRecovery2012.pdf?nocdn=1

I will probably publish a much longer post after I edit out some of the rudeness.  This isn’t just convention season it is also Jackson Hole Monetary Conference season.  There is quite a lot of discussion of forward guidance, that is public statements about monetary policy in the medium distant future.  Many pages of it […]

by Linda Beale Corporate taxes down, workers’ taxes up–that’s America today Corporate taxes used to constitute a significant portion of federal revenues, almost a third in 1950.  Payroll taxes from workers were considerably less–around 10% in 1950.  Andrew Leonard, Who Really Pays Taxes? Salon.com (Aug. 28, 2012).The times have changed.  Corporate taxes have declined steeply […]

Caught from the Washington Post…and also interesting knowing theTrans Pacific agreements allowing multinational CEOs and firms to sue in domestic courts: Apple patents were violated by Samsung, jury rulesApple won a sweeping victory in its landmark patent dispute against Samsung when a Silicon Valley jury ruled Friday that a series of popular smartphone and tablet […]

by Run 75411 The Elephants are Still Thirsty In my earlier post on Carrying Water for Elephants I explained how the $716 billion in planned reductions to Medicare was calculated, who it impacted, and from where it originated. The $716 billion is far larger than the initial $449 billion first reported. In 2010, the CBO arrived […]