by Linda Bealefor the complete post go to Ataxingmatter Estate Tax–Kyl continues working for the ultra wealthy Jon Kyl doesn’t think much about the government helping the unemployed who have been laid off because of the financial crisis, triggered by greedy excesses at the nation’s biggest banks and mortgage lenders. He’s afraid that providing additional […]
guest post by Sandwichman Five Million Jobs? “It is remarkable, in view of the virtual unanimity of opinion among economists as to the general shape of the relationship between hours and output, that the effect of hours shortening has received so little attention in published projections. It is often completely ignored even in their description.” […]
The NYT reports a new status for Afghanistan’s future if accurate: The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials. The previously unknown deposits […]
On the forefront of the Chinese economic releases this week was the trade data, where headlines shouted +48.5% Y/Y export growth in May. This report didn’t go unnoticed in Washington, as renewed obsessions with the Chinese peg against the US dollar fired up again. But the Chinese release overshadowed the Philippines April trade report, which […]
reposted from The BellAn op-ed. Obama Has Lead Us to the Shore; It Is Up to Us to Decide What Government’s Role Will Be There and Elsewhere President Obama and the federal government garnered widespread criticism for failing to act quickly enough and do enough to staunch the flow of crude oil spewing from a […]
Rdan here…In a 2007 case, the conservative majority overturned voluntary racial integration programs in Seattle and Louisville, Ky. Earlier this year, in the Citizens United campaign-finance case, the court’s conservatives struck down a federal law that prohibited corporations from spending on federal elections. Both relied on interpretation of vaguely worded constitutional guarantee. by Beverly Manncrossposted […]
Savvy consumer of the St. Louis Today on line edition points us in the direction Pete Peterson might be suggesting from this post: Debtors prisons might have gone the way of medical leeching and boneshaker bikes, but that doesn’t mean consumers in some states can’t end up in the clink if they fall behind on […]
by Bruce Webb Family values/patriarchy; Property rights/inheritance; Public order/tradition; External defense/xenophobia. Taken individually and in combination I think they serve to explain the essential unity of the various divides of modern conservatism into paleo-Cons, neo-cons, social values Cons, religious Cons, and perhaps most for my purposes the alignment of top level economic strata: bankers and […]
by Linda BealeNeal Bill: US companies use of affiliated reinsurers to avoid taxes US insurers are complaining about the Neal Bill, HR 3424, introduced Jul 30, 2009, which would disallow a deduction to a US company for “excess non-taxed reinsurance premiums” with respect to US risks that are “paid to affiliates” (quoted language is from […]