by Linda Beale Senators Levin and Isakson: millionaire surtax vs corporate repatriation subsidy The PBS News Hour last night interviewed Senators Levin and Isakson on the jobs bill (video and transcript available here). Isakson was first off. He sounded like a right wing sound bite machine: we’re overregulating businesses so we need a “time out” […]
by Mike Kimel Hi folks. I have to go on a bit of a hiatus. I have some work-related things that need taking care of that will require a lot of time for the foreseeable future. But I thought I’d leave you with a link to a post by Megan McArdle that I actually agree […]
Via Rusty, Centura Health uses Xtra Normal To Explain It All to You:
And, therefore, ripping off its (at least European) advertisers: The Guardian has just broken a new story about News International: Wall Street Journal circulation scam claims senior Murdoch executive: Andrew Langhoff resigns as European publishing chief after exposure of secret channels of cash to help boost sales figures. To quote a little bit of the […]
Via Doctor Black, who printed the answer but not the question: PIGNAL: This is actually the second bailout for Dexia. In 2008, it had to be bailed out after exceptionally imprudent investing, including in U.S. subprime mortgages. This time around, it was basically dealing with the legacy of the past, and it was trying to […]
by Dale Coberly ARITHMETIC MATTERS I was thinking that someone could fault my essay the other day about the “Intelligence Squared” debate. I said that Howard Dean’s side did not really help anyone understand why, or what, or how to “save the program.” I hope I helped explain the why and what, but I probably […]
H/t Mike Kimel Via Economist’s View This is from Jialan Wang: Benford’s Law and the Decreasing Reliability of Accounting Data for US Firms, by Jialan Wang: …[T]here are more numbers in the universe that begin with the digit 1 than 2, or 3, or 4, or 5, or 6, or 7, or 8, or 9. […]
by Linda Beale GOP Representative moves to increase deficit–and aid the investor class The GOP has made lots of fusses lately about the deficit. According to the party line, earned benefits that Americans rely on for health care and retirement income just “have” to be reduced, no matter how painful it is to the GOP-controlled […]
By Jeff McCord is a former US Senate staffer, Securities Investor Protection Corp (SIPC) executive and has been a free-lance journalist for Dow Jones publications. His academic background in economics includes post-graduate work at the London School of Economics and George Washington University. THE THIRD BATTLE OF MANASSAS AND WHAT WALL STREET PROTESTORS SHOULD ASK […]
Net Exports goes negative in 1973 and never recovers. One word: oil. Even the USD depreciation after the Plaza Accord (the one Martin Feldstein likes to pretend was inevitably going to happen then) can’t quite get it back to being positive. And once outsourcing industry to China hits full stride… Private Investment peaks in 2006. […]