…GDP in Fiscal Year 2000 to 14.9% in Fiscal Year 2010 (warning – Excel file), and are slated to fall to 14.4% this fiscal year. I found a nice graph…

…through layoffs. That’s on top of plans, outlined by the mayor in November, to cut 6,166 teachers in the fiscal year beginning July 1. LA school board contemplates up to…

Assume I believe in risk-adjusted return on capital. That is, I don’t buy a bond yielding 12% instead of one yielding 6% without first considering that the yield difference is…

…imbalances, imbalances that are now being addressed through fiscal austerity measures. According to the IMF October 2010 World Economic Outlook, Germany will run the second largest current account surplus in…

…for fiscal sustainability,” CBO director Douglas Elmendorf said Wednesday in testimony before Obama’s bipartisan commission on the deficit. small “relative to the journey that will be needed for fiscal sustainability”…

…hands the entire theoretical argument to supporters of fiscal stimulus.) The connection between this version of history and the events of today is obvious enough: once again, it is claimed,…

…resistance to greater fiscal expansion as means of dealing with the problem of the “PIIGS“. The Problem: Germany’s fiscal deficit fetishism is largely a product of that country’s own hyperinflation…

…currency and an un-unified fiscal system. In order to balance the inherent fiscal challenges that come along with inherently different saving motives across the 16 EMU countries, strict rules were…

…aid. The budget on Thursday will come amid a week of reminders of the nation’s fiscal plight. On Monday Mr. Obama will hold a “fiscal responsibility summit” at the White…

…(JCT) estimate that enacting the proposed Senate amendment to H.R. 1 would reduce revenues by $101 billion in fiscal year 2009, by $219 billion in fiscal year 2010, and by…