Relevant and even prescient commentary on news, politics and the economy.

Florida’s new voter-identification law leaves me … speechless.*

The new Florida [voter-identification] law requires that voter registration drives be conducted by third-party groups that are certified by the state and requires the groups to account for all forms that are checked out from the election division. Those rules are the centerpiece of a training effort this weekend by the Obama for America staff in […]

The Beginning of the End of Corporate Gaming of the Bankruptcy Laws?

It will take a few more months of legal maneuvering before American finally throws in the towel and agrees to a US Airways merger. American executives and directors will no doubt have to be bought off with golden parachutes, while trade creditors such as Hewlett-Packard and Boeing will likely be brought on board with promises […]

Consumption inequality and income inequality

From the same post at Taxprofblog, a different study presents data and definitions on a related issue, but focused on income, which is a somewhat separate and overlapping conversation: Orazio Attanasio (University College London, Department of Economics), Erik Hurst (University of Chicago, Booth School of Business) & Luigi Pistaferri (Stanford University, Department of Economics), The Evolution of […]

Real Estate Insanity…working off the excess inventory?

by Tom aka Rusty Rustbelt Real Estate Insanity So my son and me are thinking about buying a intercoastal waterfront homes in Ohio and fixing it up this summer. He would live in half and we would rent the other side. Given the number of foreclosures this should be an easy deal, right? Wrong. The […]

Do the 1% Work Harder Than the 99%?

Taxprofblog offers two studies on income and leisure that should spark some discussion.  I have split the two studies out to two posts at Angry Bear as they are somewhat different conversations: Income Inequality and Leisure Inequality: Do the 1% Work Harder Than the 99%? Wall Street Journal Wealth Report, Do the Wealthy Work Harder Than […]

Bait and Switch: Is Pope Benedict Really Against Raising Taxes On the Wealthy to Help Balance Government Budgets?

(Reuters) – Invoking Pope Benedict, Republican Representative Paul Ryan defended his budget plan on Thursday at Georgetown University, where a group of the Jesuit institution’s faculty has accused him of misusing Catholic teachings to push cuts to programs that serve the poor. “The overarching threat to our whole society today is the exploding federal debt,” […]

Cross-conflicting regulations health facility edition

by Tom aka Rusty Rustbelt Health care thoughts: Cross-conflicting regulations health facility edition The most recent regulatory question I had trouble answering. The situation is as follows (the state will remain nameless): State nursing home inspectors: certain antibiotics cannot be administered for certain conditions without a three day lab culture being done first; if the […]

Guest Post: Rationality of Banks

Note: This post originally appeared, in slightly different form, at the author’s personal blog, Diogenes of Brooklyn. It appears here with that blogger’s kind permission. He does talk in the third person sometimes. by Diogenes of Brooklyn Like most Americans, Diogenes knows nothing of economics and finance. But quite a lot about the ways that […]