by rdan Angry Bear and I have reached an understanding regarding the blog and decision making. He has been referred to as owning the blog, as much as it can be with such a rowdy group, and has agreed to transfer this ownership to me, sort of the Bill Gates giving over to Steve Ballmer […]
One of the current Republican talking point is that a major reason that firms are not hiring is regulatory uncertainty. Of course there is little or no evidence to support this argument and virtually every poll of business and especially small business shows that fear of regulation is a very minor factor in current business […]
Lifted from comments from Spencer’s post on Productivity and the stock market Dan Becker: Mike Panzer at Financial Armageddon has been on the issue that the “street” is missing all that is going on around them. From his blog: http://panzner.typepad.com/ However, I wonder if a new paper, From Keeping Up with the Joneses to Keeping […]
I still think Obama is toast—a result of his own making, since he’s really the apotheosis of a government-hating Republican who never tries to do anything because he’s afraid it would succeed. He’s basically Jon Huntsman, economic policy and all, with a slightly better social policy—or at least a willingness not to try to compete […]
Simon Johnson comments on Standard and Poor’s irrational ratings: Standard & Poor’s downgrade of United States government debt last month has been much debated, but not enough attention has been devoted to the fact, reported last week by Bloomberg News, that it continues to rate securities based on subprime mortgages as AAA. In short, S.&P. […]
With all of the problems I have been having with my internet connection I may have missed it, but the revisions to second quarter productivity did not seem to have been covered very well. But nonfarm productivity growth is slowing sharply. It was actually negative in the first and second quarter —0.6% and -0.7% in […]
A note from Firedoglake is relevent for the Super Committee today as a bid to keep the meetings less secret. Call or write committee chairs for more open meetings.: Senator Patty Murray: (202) 224-2621 Representative Jeb Hensarling: (202) 225-3484 Sample Script: Hello, my name is ________ and I am calling to ask that [SENATOR MURRAY […]
by Mike Kimel The Effect of Individual Income Tax Rates on the Economy, Part 5: 1968 – 1988This post is the fourth in a series that looks at the relationship between real economic growth and the top individual marginal tax rate. The first looked at the period from 1901 to 1928, the second from 1929 […]
Reuters provides a synopsis of a report by the OECD on tax-avoidance strategies by multinational corporations: 30/08/2011 – Due to the recent financial and economic crisis, global corporate losses have increased significantly. Numbers at stake are vast, with loss carry-forwards as high as 25% of GDP in some countries. Though most of these claims are […]
I don’t understand my fellow US citizens. Many commenters will note that they told me that I didn’t since I don’t live in the USA, but I didn’t when I lived there. After the jump I try and fail to make sense of the latest NBC/WSJ poll. The nickel summary is that I thought that […]