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

The 2012 Version of a Very Old Joke

With apologies to Stan Collender’s Beautiful and Talented Wife (not to mention mine): James had gathered a mix of friends, acquaintances, and random strangers at his Rent Party, but no one was talking to anyone else. So he decided to get people to talk to each other, using the easiest non-visible variable available: “Don, what’s […]

David Frum Savages Charles Murray — And Rightly So

David Frum was excommunicated from the Righties Club a few years back because he insisted on occasionally saying sane and accurate things. He continues that aberrational behavior today in his review of AEI uber-zealot Charles Murray’s new book, Coming Apart: The State of White America, 1960-2010 (which I will not link to here — no […]

Which Economy Is Pursuing Procyclical Fiscal Policy?

by  Rebecca Wilder Which Economy Is Pursuing Procyclical Fiscal Policy? Today the BLS reported that the US unemployment rate dropped to 8.3% in January 2012. This is the lowest measured rate since February 2009 – a local trough. Also this week, Eurostat reported that the Euro area (EA) unemployment rate stabilized in December at 10.4%. […]

Small businesses and drive the economy?

Taxprofblog points to research suggesting a tipping point about the notion that small businesses drive the economy: Martin A. Sullivan (Tax Analysts), New Research Weakens Case for Small Business Tax ReliefThe National Federation of Independent Business states on its website: “Small business has created about two of every three net new jobs in the United […]

Why we don’t need corporate tax "overhaul":

by Linda Beale Why we don’t need corporate tax “overhaul” GOP poormouthing on behalf of rich corporate allies(Part I in a series) These days, one hears a great deal from politicians on the right about how a corporate tax “overhaul” is needed because our taxes are “too complex” and/or “too anti-competitive” or because our tax […]

‘Bank Transfer Day’, What Really Just Happened?

‘Bank Transfer Day’, What Really Just Happened? James Van Dyke points to some numbers on the move to transfer funds out of big banks: Bank Transfer Day and the Occupy Movement have received tremendous attention, and for the first time we have market research data to measure the impact on the financial services industry. Javelin’s […]

Making it harder to sue for medical malpractice…

 Making it Harder for Military Families to Sue for Medical Malpractice In defending the U.S. military’s medical system in court, the U.S. Department of Justice is arguing that service personnel and their families are not allowed to sue for medical malpractice regardless of the circumstance.As a general rule, military members are barred from taking the […]

Corporations are not people and Thomas Hartmann

by Beverly Mann Thomas Hartmann writes via Truthout: Most Americans don’t realize that the idea that ‘corporations are people’ and ‘money is speech’ are concepts that were never, ever considered or promoted or even passed by any legislature in the history of America. Neither were they ever promoted or signed into law by any president […]