Robert Waldmann D. Keith Johnson, a former president of Clayton Holdings, a company that analyzed mortgage pools for the Wall Street firms that sold them, told the [financial crisis inquiry] commission on Thursday that almost half the mortgages Clayton sampled from the beginning of 2006 through June 2007 failed to meet crucial quality benchmarks that […]
by Mike Kimel Unemployment Rates, an International Apples to Apples Comparison Cross posted at the the Presimetrics blog. One of the things we all know about America is that labor laws are more flexible here than in other developed countries, so we have lower unemployment rates than in other countries with relatively more rigid labor […]
From the LA Times op-ed page comes this piece by an entrepreneur: I’m a venture capitalist and an entrepreneur. Over the past three decades, I’ve made both good and bad investments. I’ve created successful companies and ones that didn’t do so well. Overall, I’m proud that my investments have created jobs and led to some […]
Robert Waldmann Majority Whip James E Clyburn proposed extending the Obama tax cuts. Some assert that he means the Bush tax cuts on income under $250,000. I sure hope he means that Obama tax cuts. I have been arguing for some time that the Democrats should propose permenent extension of the Bush cuts on income […]
We do know from Mike Kimel’s Presimetrics that the political message that tax cuts raise revenue is false. In particular, here are two looks at the topic from data from the last decade. It does appear that many want to continue what was done during this last decade…hold on to your wallet!! David Cay Johnston […]
Moderator is John Holdren, Science and Technology Advisor to President Barack Obama and Director, White House Office of Science and Technology Policy. Participants are: Nadia K. Al Dossary, Chief Executive Officer and Partner, Al Sale Eastern Co. Ltd Gary Hattem, President, Deutsche Bank Americas Foundation, Deutsche Bank Tri Mumpuni, Executive Director, IBEKA Conrad van Oostrom, […]
by reader Ilsm Consider GAO-100745R take on keeping 4 brigades home stationed in Germany and Italy: In the Quadrennial Defense Review released in Feb 2010, the US Army decided to reverse the drawdown of Brigade Combat Teams and retain 2 brigades to retain the current order of battle of 4 brigades home stationed in Germany […]
by Linda Bealecrossposted with Ataxingmatter Naked Capitalism’s Open Thread on Personal Stories of the Great Recession Yves Smith opened a great comment thread on naked capitalism that anyone interested in the way this Great Recession has hit people across the US (and world) should read. It was triggered by the NBER analysis that the recession […]