PolitiFact, a Tampa based organization that evaluate the truthfulness of political claims or ads does a very interesting evaluation of an Obama ad about how much Romney pays in taxes. The ad says that Romney ‘s tax rate of 14% is probably less than you pay. http://www.politifact.com/truth-o-meter/statements/2012/aug/09/barack-obama/barack-obama-says-most-americans-pay-higher-tax-ra/ PolitiFact says that if you include payroll taxes […]
One could add a few names, and people did in comments. One could also add a couple more thoughts to Jonathon’s criterion, two of which could be admitting to mistakes and fixing parts of the model one is using if missed called, and a caveat around whether an economist could explain his/her model well and […]
by Linda Beale Romney is still hiding his tax history (Part IV) As I noted in several prior posts about the reasons that multiple years of the Romneys’ tax returns are essential to evaluating Romney as a presidential candidate, the fact that Romney has adamantly refused to release returns other than the 2010 actual return […]
by Kenneth Thomas U.S. Trade Deficit Largely Due to “Intra-Firm” Trade The vast majority of the U.S. $727 billion trade deficit in goods for 2011 is due to “intra-firm” or “related party” trade, that is, trade between two units of the same corporation, according to the U.S. Census Bureau. This is significant because such trade […]
by Rebecca Wilder World Trade Turning Down Something different for today: world trade. Recently, South Korea and Taiwan released July 2012 trade statistics, where annual export growth was seen contracting at a 8.8% and 11.6% rate, respectively. The annual pace of export growth in Taiwan contracted for the fifth consecutive month, where that in South […]
Of course see Mike Kimel’s Presimetrics, familiar to most AB readers, and posts at Angry Bear can be listed here Paul Krugman write on the meme: Dooh Nibor Update: And the Romney people respond with deep voodoo, invoking the supposed fabulous growth effects from his tax cuts. And who could argue? Remember how the economy […]
Yves Smith has been all over the Standard Chartered story: Reuters Runs Interference for Elite Corruption, Scrubs Article That Shows How Banks Get Out of Jail Free – 08/09/2012 – Yves Smith Standard Chartered Makes Empty Threat to Sue New York Regulator Over Iran Money Laundering – 08/09/2012 – Yves Smith NYS Order on Standard […]
Via Salon, the The Village Voice updates us on the progress on the suit by Chris Hedges and others (also see NDAA website): The question being argued in federal court in Lower Manhattan yesterday boiled down to this: Is a law authorizing the indefinite military detention of American citizens with only the barest recourse to […]
by Run75441 Repeal the ACA and Lower Costs for Citizens… Chicken Little, Courtesy of “EW.Com Entertainment Weekly”What presidential candidate Romney has vowed to repeal is showing more benefit than harm in driving down the cost of healthcare for individuals, groups, and commercial insurance. If repealed by Romney, the results could cost more than leaving it […]
Jonathon Portes on macroeconomics and the deficit: As we all know, since then both the US and UK have had deficits running at historically extremely high levels, and long-term interest rates at historic lows: as Krugman has repeatedly pointed out, the (IS-LM) textbook has been spot on. Empirically (and theoretically) well-founded? Definitely. As Simon Wren-Lewis points […]