Down here it’s just winners and losersAnd don’t get caught on the wrong side of that line This will be a long post. Even with all the pictures above the fold. It started with a finger exercise during my daughter’s swim team practice: Just in case you thought I was picking on The Big C […]
by Bruce Webb I posted the below last Christmas Eve. Which was too late to actually discuss the issue. People decry the commercialization of Christmas, which is fair enough. And on econoblogs we discuss income inequality a lot, plus we wonder why working class people simply accept the logic of “no poor person ever gave […]
UPDATE: It gets even stranger. The bankrupt-since-October-2008 Lehman Brothers is going to pay $50,000,000 in bonuses for this year. (h/t alea’s Twitter feed) It appears all of the “gosh, we really made a lot of money from bailing out rich bankers who socked it to their customers” rhetoric is having a small problem in the […]
Economic Populist points us to consideration of re-instating the Glass-Steagall Act. Plain vanilla banking at a tidy profit for regular banking functions is still a good idea.
by Linda Beale (cross posted from ataxingmatter) Banks exiting TARP Citibank has confirmed its plans to pay back the bailout funds directly provided to it. See NY Times. Of course, the fact that banks are paying back direct bailout funds does not mean that there is no further bank bailout going on. The government now […]
by cactus Obama, Bush, and Mankiw: A Look Taxes, Spending, and Bull#@% in the Great Recession This post serves as a quick follow-up to my previous post on real GDP per capita growth and the tax burden. Let’s start with a few facts…. not random opinion, but facts. 1. The “Great Recession” began in December of […]
It’s coming closer: Once the tax expires, those inheriting estates after Dec. 31 will have to pay capital gains taxes on any asset sold. The cost will be based on the original price of the property, which could mean record-keeping headaches and bigger tax bills for some people. “If we do not extend our estate […]
Hat tip to Glen Greenwald for following this case and today’s presentation for Mohamed v. Jeppesen and Ben Wizner’s oral argument at the United States Court of Appeals Ninth Circuit. Slate’s Dahlia Lithwick also offers comment.____________________________________ Today marks the beginning of testimony for a jobs policy hearings in the Senate as well.____________________________________
Does anyone know how to save a word into Blogger’s dictionary? I’m really getting tired of ignoring its questions about “DeLong,” “Krugman,” and “Bernanke.”
I don’t pretend to know Joe Lieberman’s motivation, but it’s working to perfection if his goal is to divide Party leaders (Obama, Reid, etc.) from the Democratic progressive base. I don’t remember seeing this level of outrage from movement progressives before, and I wonder if the only possible way to quell it is to secure […]