Relevant and even prescient commentary on news, politics and the economy.

Taxpayer subsidies for roads etc. vs. public transport

reader Laurie sends this great comment (lifted cactus style): My sister-in-law ***************************(director of a system in the US). Here’s the Q I sent her: How do taxpayer subsidies for private transportation (roads etc) compare to subsidies for public? Here’s her answer:Good question. Local roads and highways get much more than transit; the question is how […]

Senators Obama and McCain on Iraq

Hat tip to MG CBS – Senator Obama video and interview transcriptJuly 22, 2008 CBS – Senator McCain video and interview transcriptJuly 22, 2008

Tax Policy Center calls McCain campaign out for cheating.

by Robert Brad DeLong has a hot tip from Jason Furman I quote a bit of Brad’s quote of Furman Today, the Tax Policy Center released a new analysis of the McCain and Obama tax plans, which provides a comparison between what each of the candidates says on taxes (their actual plans) and what their […]

Household spending on fuel, food, drink

Hat tip to CoRev, who sent this two weeks ago. I owe you one sheesh. Update: Link to map is at IMF.(link fixed) The map is a rough sort of picture to consider the impact of bio-fuel development on food supplies. But then Jib in comments reminds us of additional complexities of trade in food.

Enemy combatants are here

by rdan The federal Appeals Court in Richmond, Virginia, ruled 5-4 on July 15 that Bush had the right, while prosecuting the “war on terror,” to hold Qatari citizen (and Peoria, Illinois, resident) Ali al-Marri indefinitely as an “enemy combatant.”….. “A citizen, no less than an alien, can be an enemy combatant,” administration lawyer David […]

Money = Wind, Bush and Fox News?

By: Divorced one like Bush Yes, you read that correctly. The right is reporting there is money to be found in wind. Sacrilege in their church of oil. In an article, May 17, 2008 we learn about a Bush administration report on wind. A little back ground first: With major government investments in wind in […]

Why is Gasoline over $4.00?

We now have so many attempts to blame Democrats for high oil prices and even the McCain campaign is trying to tar Obama with this charge. But this looks like the simple answer to those charges.

New place, new stories

by cactus So we’re moving into a new apartment and given its past 1994, we want/need internet access. We called Time Warner. They gave us an appointment for Saturday, from 8 to 10. At 10:30, after sitting in the new and still empty apartment for 2.5 hours, I called. They told me the appointment was […]

Truth in earning and lending

Hat tip to ataxingmatter on paying a fair share for services provided in the land of the free and brave: The Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations will hold a hearing tomorrow on the way foreign banks have facilitated US taxpayers’ tax avoidance through structuring accounts offshore to avoid IRS notice. […]

Real Manufacturing & Trade Sales

Shall I try another cyclical chart of one of the variables that the the dating committee gives heavy weighting to in determining the official dates of recession. Real manufacturing and trade sales includes sales at all three level, manufacturing, wholesale and retail so it is reasonable to think of this as a proxy for real […]