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The 2% (non) Solution: Part One

…FICA payroll tax and a whopping 32% of that taken out of workers’ paychecks. Moreover taking the employee share simply back to 2010 levels means an increase from 4.2% to…

Wednesday reports released

The NYT reports on the Financial Crisis Inquiry Commission. “The Republican members of the commission appointed by Congress to investigate the causes of the financial crisis plan to release on…

Capacity Utilization

…industry is actually falling. It is now at 65.4% as compared to its recent peak of 70.7% in April, 2010. Moreover, the growth in semiconductor capacity is slowing significantly. I…

Wall Street breakfast leftovers

…July 2010. Sources said Orszag might take a job in Citi’s I-banking division and an announcement could come as soon as today. Citigroup, which is still recovering from its $45B…

Boomer life experience

…“rose from a pre-recession low of 3.0 percent (November 2007) to reach 7.3 percent in August, 2010, making the past 22 months the longest spell of high unemployment workers in…