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

A little OWS, a little 99%, a little history

So today I read at the Yahoo Finance (it’s my home page because I can look at the stock numbers on the left and read the headline on the right for a guaranteed laugh) that  John Mauldin thinks the OWS would be better off if they occupiedCongress: Mauldin believes America still has time to figure […]

In Related News, Lee Papa Will Be Selling Obscenity Insurance

Via Lindsay Beyerstein on Twitter, The Onion should now go out of business: AIG knows a thing or two about bad publicity. Now, a subsidiary of the bailed-out insurer is offering a new type of coverage to defray the cost of bringing in outside experts when a company faces a potential public-relations crisis. That’s right. […]

Graph That Explains Everything About Amity Shlaes

by Mike Kimel Thanks to Linda Beale, I headed over here: The George W. Bush Institute announced today that Amity Shlaes has been named director of the 4% Growth Project, a key part of the Institute’s focus on economic growth. Miss Shlaes will open the project’s office in New York. The aim of the project […]

A Warm Wind At the Backs of Some, Generated Off the Backs of Others

This piece offers an understandable comparison between wages and dividend income and neatly summarizes the cost to wage earners. (h/t Mike Kimel) by Peter S. Meyers Myers Urbatsch PC A Warm Wind At the Backs of Some, Generated Off the Backs of Others Yesterday, I learned in this Mother Jones article that workers have increased […]

Herman Cain, funded by Koch Bros, Says "Let the Little Guys Pay Taxes

by Linda Beale Herman Cain, funded by Koch Bros, Says “Let the Little Guys Pay Taxes (not the uber-rich) The New York Times’ “Room for Debate” ran a ‘mini-op-ed’ segment on Herman Cain’s 9-9-9 tax plan, called “What’s So Bad About a Flat Tax?” New York Times (Oct. 14, 2011) (with the subtitle: Isn’t Herman […]

Piling On William Keller

William Keller who until recently was executive editor of The New York Times asserts that Venezuela is a neighbor of Peru. A screenshot and a geography lesson are after the jump. I am following Glenn Greenwald, via Brad DeLong and was scooped on breaking geography news by Tim Dickonson and DeLong commenter GvaGuy The explanation […]

Notes toward A Blog Post on Chrystia Freeland’s Interview of GE CEO Jeff Immelt

UPDATE NOTE: The following isn’t complete. Many of my notes from the latter part of today’s interview can be found on Twitter, hashtagged #Immelt. At the moment, I both (1) don’t have easy access to them and (2) have other things that need to be done. Feel free to look there, and/or mention anything you […]

Super Committee and GME funding

By Michael Halasy Super Committee and GME funding SO, about that super committee. Surely you remember, the gang of 12 that was created by the showdown over the debt ceiling this summer. Well, they’re hard at work but among the proposals out there, is one that is causing some grave concerns. As a health workforce […]

Joined the GE Capital Board in 1997

The cause of that “small tax bill”: Immelt said a small tax bill for 2010 was due to more than $30 billion in losses related to GE’s financial services business during the financial crisis. In 2009, GE Capital’s losses were so large that it company overall lost money on its U.S. operations. GE’s federal taxes, […]