…on his mind. Also on Saturday, Trump launched new action against Washington, D.C. He has threatened to “federalize” the nation’s capital since the 2024 presidential campaign, and now has found…

…imports. Higher prices for nonfuel industrial supplies and materials and capital goods more than offset lower prices for automotive vehicles and foods, feeds, and beverages. Meanwhile, fuel import prices declined…

…high. The much less noisy capital goods new orders number (red, right scale) increased 0.6% to a new all time high. The three month average for that metric made a…

…say “a recovery” began then, but a “Business Cycle” that ends with nearly 7% of usable capital (a 9.6% decline in capital terms) sitting vestigial is a poor “Cycle” indeed….

Last week there was an 1.5 hr discussion with the following participants: Joseph Stiglitz (Columbia University), Paul Krugman (Princeton University), and Steven Durlauf (University of Wisconsin–Madison) participated in a panel…

…income away from workers to the owners of capital. Twenty years ago, when I was writing about globalization and inequality, capital bias didn’t look like a big issue; the major…

…through a gradual reduction in progressive rate structure, elimination of the estate tax, elimination of capital gains taxes (and treatment of wealthy people’s wages as though they were capital gains,…

…many countries, trade liberalization was accompanied by deregulation of the domestic financial system and capital-account liberalization, giving rise to a rapid expansion of international capital flows. International finance gained a…

…Capital Asia Fund LP (mentioned in the Times article; 3blockers) and Bain Capital IX Coinvestment Fund (2 blockers). A second issue that has been raised is that various Bain entities…

…possibly by claiming zero value for partnership interests; use of aggressive tax sheltering transactions to ‘create’ capital losses to offset substantial capital gains, resulting in the net capital loss carryforward…