…a 29% drop in ‘value’ of its assets: $ 25,318,713,892 2007 $ 17,177,957,406 2008 $ 19,311,587,953 2009 $21,262,462,000 2010 Via Andrew Leonard at Salon comes this quote from the CEPR…

…similar. That makes no sense. Also fall 2008 and winter 2008-9 were very different from summer 2010 and fall 2010. Many firms were desperate for liquid assets. They feared they…

…to rise 5.3 percent in fiscal 2011 as 35 states enacted a fiscal 2011 budget with general fund spending levels above those of fiscal 2010. However, declines of 7.3 percent…

…essentially immediately and extending to 2037. At which point if nothing is done they get a huge tax cut. In constant 2010 dollars one in excess of $300 billion a…

…Spain’s 2010 current account deficit sticks out at -5.2% of GDP. In fact, just 6 of the 16 Eurozone economies are expected to run current account surpluses in 2010. If…

…default is increasingly being priced into bond markets; however, Irish bond market conditions have not yet reached those of Greece in May 2010 (the bailout announcement), nor are they really…

Yesterday Eurostat released the September unemployment rate figures for the European Union and the Eurozone. From the release: The euro area1 (EA16) seasonally-adjusted2 unemployment rate3 was 10.1% in September 2010,…

…No. 09-600333-CR-COHN, Dismissal of Information, Oct 22, 2010– leaves the tax cognoscienti wondering what the next step in its fight against secret offshore bank accounts will be. Bryan Skarlatos of…

by Linda Beale crossposted with Ataxingmatter Defective Chinese-made Drywall–safe harbor to claim repairs are casualty losses In IR 2010-102 (Sept. 30, 2010), the IRS announced that damages from corrosive drywall…

…latest print, 2010 Q2. The illustration above plots the total corporate financial balance as a percentage of GDP. I calculate the Total Corporate Financial Balance (TCFB) as in the JP…