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

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New graphic data on taxes, growth, and revenues

…evaders are people who evade paying taxes, not who evade paying marginal taxes.) The IRS provides data on total personal income tax paid as a percentage of the total personal…

More drilling analysis – Menzie Chinn

…Shelf (OCS) as a means to affect the price of oil. This is true despite this recent assessment by the Department of Energy’s Energy Information Administration, the Federal Government’s nonpartisan…

Soc Sec XXXIX: Pay/Go & Unfunded Liabilities

…is simply wrong, for one thing the current unfunded liability totals more than the totals of all benefits paid out to date (Infinite Future unfunded $13.6 trillion, past total benefits…

Construction loans

…The Wall Street Journal of FDIC-filed reports by 6,919 banks that make construction loans. The smallest banks, those with total assets of less than $5 billion, faced the biggest problems….

Forbes global 2000

by rdan Forbes reports: In total, the global 2000 companies now account for $30 trillion in revenues, $2.4 trillion in profits, $119 trillion in assets and $39 trillion in market…