Upcoming reports and meetings from the NYT ECONOMIC REPORTS: Data will include consumer credit for May (Monday); the trade deficit for May and wholesale trade inventories for May (Wednesday); weekly jobless claims and import prices for June (Thursday); and the producer price index for June and the Thomson Reuters/University of Michigan consumer sentiment index for […]
Lifted from Robert’s Stochastic Thoughts comes this comment on Matt Yglesias: by Robert Waldmann Matthew Yglesias asks (Does Uncompensated Care Raise Prices for the Insured?). I am having trouble with moneybox comments so I comment here. OK first I have to note that a philosophy concentrator half my age is doing pretty well to make […]
by Linda Beale Paul Moreno’s “short history” of the taxing power At the May meeting of the American Bar Association Tax Section, Jaspar (Jack) Cummings (a well-renowned tax practitioner who has written extensively on the Supreme Court’s tax jurisprudence) and I gave a joint keynote speech for the Tax Section’s Diversity Committee. Our address covered […]
A poem by Philip Appleman via Bill Moyers. I think that about covers it. But if it was not for you, try this one: The Ant
Both the payroll and the household. survey showed continued weak employment gains as payroll employment only added some 80,000 jobs and the household survey showed a 128,000 gain. Private payrolls expanded some 84,000 as government jobs only contracted by 4,000. But the workweek did expand from 34.4 to 35.5 hours for all employees and from […]
Posted from an e-mail today comes this comment from Noni Mausa. For me the key is how to filter the noise from the music so to speak. And this involves being willing and then doing the quick checks on something that catches your eye. You don’t have to agree with Noni’s conclusions to make yourself […]
by Kenneth Thomas What is Mitt Romney Hiding? Mitt Romney has so far released only one year of tax returns (2010), plus an estimate for 2011. This stands in stark contrast to his father, Michigan Governor George Romney, who released 12 years of tax returns when he began running for President in 1967. As his […]
Tim Duy also points to Bill McBride and Josh Lerner adding to the discussion of the narrative of housing in our economy and how that should affect policy. I would add of course the variety of responses by the mortgage industries (see Naked Capitalism) since that started in earnest round 1998 (MERS). I think this […]
by Rebecca Wilder Is Ireland the Poster Child of Growth? I wanted to familiarize myself with the economic statistics in Ireland, so I thought that I’d share my findings with you all. Many politicians refer to Ireland as the poster child of austerity – according to the contentious thesis of expansionary austerity (a review from the […]