Relevant and even prescient commentary on news, politics and the economy.

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SIGTARP Quarterly Report to Congress

…though that price is far above what the MBS is actually worth. As a result, the fund manager could sell the MBS on its own books and recognize a profit

More on Industrial Production

…are implementing widespread layoffs to bring costs and prices back into line and restore profit margins. This severe pressure on profits implies that the economic bottom is not on the…

Minimum Wage: the Jimmy the Stock Boy Fallacy

…be profit effects. Or maybe the bosses stop letting the employees getting discounts. The idea that this instead simply and always reduces to a cost/demand identity for jobs is nonsense….

TVA budgets, fixes, and selling securities

…they showed a $385 Million (non taxable) profit after paying $48 Million in bonuses. They make a total of about $480 Million a year in “tax equivalent” payments to municipalities…

CEO Math

by divorced one like Bush Honda has done some math, Honda Motor Co. now expects 185 billion yen ($2.06 billion) in group net profit for the fiscal year ending March…

What’s dumb about a windfall profits tax?

…support the old theory of the firm assumption. However, if they insistend on reinvesting profits, I would consider that an additional reason for the windfall profits tax. Last time they…

Non-Adiabatic Economics

…the price. In other words none of the firms will be making a profit. It’s true that there are sometimes limited price wars of this nature, but in many cases…

Bonus pay rewards WAMU execs for 2007 performance

…net operating profit, weighted at 30%, calculated as operating profit before income taxes and excluding the effects of (i) loan loss provisions other than related to our credit card business…

A nation of savers and investors does what?

…earned 9.3%. But what really stands out is that the average mutual fund investor only earned 2.7% a year during that time. This means that the profit from a $1,000…