…make an average cut of about 24% on December 1, 2010. Congress has felt the heat from many different constituencies, but has been unable or unwilling to develop a new…

…like Jerry Trupin’s Nov. 25, 2010 New York Times letter responding to Nicholas Kristof’s article on hedge funds. In A Hedge Fund Republic, New York Times, Nov. 18, 2010, Kristof…

…following Table from the 2010 Report: Table IV.B6.—Unfunded OASDI Obligations for 1935 (Program Inception) Through the Infinite Horizon, If we take as SS critics like to do the Infinite Future…

…average, which is the Euro area. The chart illustratest the index of quarterly GDP, as reported by Eurostat. The Euro area data is current through Q3 2010 (only on a…

…David Weidner’s “writing on the wall” column for Nov. 2, 2010 comments on “Paying for Wall Street’s Prosperity: Loophole could cost taxpayers $70 billion“. What loophole? That “carried interest” provision…

…mortgages in a REMIC. crossposted with Ataxingmatter Yves Smith has an op-ed in the Oct. 31, 2010 New York Times on the mortgage mess. See Naked Capitalism, here, for full…

…Disability Trust Fund in 2010 alone? The reality of those resources is proven every time a disability check hits a bank account. Graham thus loses me at sentence one. Chapter…

The Japanese yen, the Eurozone euro, and the British pound have appreciated 16%, 14%, and 9%, against the USD, respectively, since their 2010 lows. Some say that the “US wins”…

…response, at Are Public Sector Workers and David Brooks Overpaid?, Economist’s View, Oct. 14, 2010, which references John Schmitt, The Wage Penalty for State and Local Government Employees, Center for…

…the Balanced Current Account Line (BCAL). The BCAL zones are: CA > to the right of the red line, CA World Economic Report database, October 2010, is used to construct…