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Everything Old is New Again

…passed to make the “underfunded” portion a thing of the past (you can stop laughing any time), several large companies run by Captains of Industry—think Roger Smith and GM—complained that…

White House not slowed down by disaster in financials

…The latest changes cap a multiyear effort that could be one of the administration’s lasting legacies, depending in part on how the underlying principle of pre-emption fares in a case…

"Welfare Queen"

by cactus Some thoughts on the bail-out: 1. Goldman’s market cap is about 50 billion. The gubmint is gonna buy $10 billion worth of (non-dilutive, non-voting) shares, for which it…

Social Security Actuaries score the Warshawsky Plan

…cafeteria style? Provision 3 would modestly raise the cap for a net addition of .15% of payroll. Provision 4 would gradually expose all SS benefits to taxation for an additional…

The Buffett Buffer

…G-S total equity by about 10% as you can guess from the details of the deal. Goldman Sachs 47,563.75 Market Cap(Mil) That would be about 0.5% of total assets. hardly…

Is Anyone Crawling to the USA???

Floyd Norris lists the Unlucky 13, a.k.a., my portfolio.* Ignoring AIG (of which more later, maybe), here are the top Market Cap losers in the S&P 500 YTD, who combined…

Compare and Contrast

…* Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050. Major components of Obama’s energy policy — Provide Short-term Relief to American Families — Eliminate…

New graphic data on taxes, growth, and revenues

…in real GDP per capita) and tax receipts (which I will measure as real tax collections per capita). Before I go on, one more thing… when I mean tax rates,…

Pot, Kettle; Kettle, Pot

…growth in home ownership over the past five or so years as proof its policies were working? The same people who decided that the cap on Fannie/Freddie loans needed to…