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

Best to own a business rather than work for one

by Rebecca Wilder Best to own a business rather than work for one In my effort to move away from covering Europe exclusively on this blog, I’ve returned to a little niche of economic data that had intrigued me in the past: US national income accounts/accounting. This time I’ll look at national income, specifically corporate profits […]

Fiduciary duty and self-interest

Lifted from comments from Linda Beale’s post Graphs Show It Clearly–the richest are much richer and most of us are poorer discussing the main points and data from David Cay Johnston’s Reuters article The richest get richer is Bruce Webb’s thinking on how the American market system was designed over time:Defenders of Goldman who base […]

Wired’s Embarrassing Whitewash of Foxconn

Yves comments on Wired’s Embarrassing Whitewash of Foxconn : But Johnson admits he’s a tech toy writer who apparently has no knowledge of manufacturing …. Yet he’s remarkably uninhibited in using his fantasies and abject ignorance as a basis for making sweeping generalizations about the Taiwanese powerhouse.…I find this little chart (hat tip Richard Smith) from […]

Small businesses and drive the economy?

Taxprofblog points to research suggesting a tipping point about the notion that small businesses drive the economy: Martin A. Sullivan (Tax Analysts), New Research Weakens Case for Small Business Tax ReliefThe National Federation of Independent Business states on its website: “Small business has created about two of every three net new jobs in the United […]