Search results
"tag:economics"
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Follow the money
Where will the money for the big bailout come from? I keep being asked that. In the long run, of course, it will come from you — the taxpayer. But what about the immediate cash flow? From Follow the money - Paul Krugman - Op-Ed Columnist - New York ... |
Sep 21, 2008 |
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Marginal Revolution: The Glass-Steagall Act: A History of Thought
Me in 1985: The Glass-Steagall Act should be repealed. ... Me next week: How are we going to stop all these consolidated financial entities from taking advantage of deposit insurance and other public sector guarantees? From Marginal Revolution: The ... |
Sep 19, 2008 |
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3
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A Modest Proposal for Ending Socialized Capitalism
Socialized capitalism of the sort the Fed and the Treasury are now practicing, consisting of private gains and public losses, is untenable. On the other hand, it's also true that giant Wall Street investments banks as well as Fannie Mae and Freddie Mac ... |
Jul 16, 2008 |
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4
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The Burger King and The Tomato Serfs
In 2005, Florida tomato pickers gained their first significant pay raise since the late 1970s when Taco Bell ended a consumer boycott by agreeing to pay an extra penny per pound for its tomatoes, with the extra cent going directly to the farm workers. ... |
Dec 11, 2007 |
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The tax cut ratchet
notice that everything that happens is good for tax cuts. If the economy is growing, and tax receipts are rising, then it shows that past tax cuts achieved wonders, plus the Laffer curve is right so let's cut taxes some more! If the economy is ... |
Nov 27, 2007 |
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Carbon Socialists
Yeah, OK, OK. Well, I think -- I mean, I think Gore would have been a disaster as president. We'd have been living in the Dark Ages. I think he's fundamentally hostile to human civilization. And a phony.From Media Matters - Carlson: If Al Gore were ... |
Nov 27, 2007 |
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Alternative Tax Showdown
Under current tax law, 23 million taxpayers will owe the alternative tax for 2007, up from 4 million last year. The tax was originally intended to apply to multimillionaires. But most of this year’s alternative taxpayers make between $100,000 and ... |
Nov 10, 2007 |
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Nearly half think U.S. in recession
Nearly half of Americans feel the U.S. economy is in a recession, marked by a significant decline in economic activity, according to a survey released Thursday. From CNN.com - CNN Political Ticker Poll: Nearly half think U.S. in recession « File ... |
Oct 18, 2007 |
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Republicans Grow Skeptical On Free Trade
By a nearly two-to-one margin, Republican voters believe free trade is bad for the U.S. economy, a shift in opinion that mirrors Democratic views and suggests trade deals could face high hurdles under a new president.From Republicans Grow Skeptical On ... |
Oct 4, 2007 |
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10
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When the Fed says X, they really mean Y
The Fed typically convenes every month to discuss interest rates. It is not only the action (whether rates are raised, lowered, or held constant), but also the accompanying “statement” which is of interest to investors and analysts. In its statement, ... |
Oct 1, 2007 |
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Off-Peak Discounts May Be Part of M.T.A. Fare Increase
Under this proposal, a person who buys a pay-per-ride MetroCard would be charged $2 to ride the subway or bus during the morning and evening peak periods. Travel during off-peak periods, including midday, would cost $1.50. Off-Peak Discounts May Be ... |
Sep 29, 2007 |
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Fed Chief Calls for New Mortgage Rules
In testimony this morning to the House Financial Services Committee, Mr. Bernanke said a full review of consumer protection regulations was under way under existing regulatory authority. “The recent problems in subprime lending have underscored the ... |
Sep 20, 2007 |
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Bernanke's `Rookie Mistake' Forces Fed to Shift Focus
``It was a rookie mistake,'' said Kenneth Thomas, a lecturer in finance at the University of Pennsylvania's Wharton School in Philadelphia. The Fed ``underestimated liquidity needs'' of investors and the fallout from the housing recession, he said, ... |
Aug 20, 2007 |
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Bill to Let Medicare Negotiate Drug Prices Is Blocked
A pillar of the Democratic political program tumbled today when Republicans in the Senate blocked a proposal to allow Medicare to negotiate lower drug prices for millions of older Americans, a practice now forbidden by law. From Bill to Let Medicare ... |
Apr 20, 2007 |
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Sub-prime Lender Files for Bankruptcy
Once a highflier in the booming market for making risky mortgage loans, the New Century Financial Corporation filed for bankruptcy court protection today. From NYT Not sure how I feel about this news from the mortgage industry. Normally, I think home ... |
Apr 2, 2007 |
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Income inequality grew significantly in 2005
Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows. The top 10 ... |
Apr 2, 2007 |
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Race, poverty and skin-whitener
the very act of encouraging poor people to consume products that they don't need may actually make them worse off. Instead of trying to get them to buy more stuff, argues Kulkarni, we should be striving to find ways to help them produce more, so we can ... |
Feb 22, 2007 |
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There's trouble brewing in Tunisia
If you wanted to support democracy in the Arab world, why did you begin with your enemies instead of your friends? Why Iraq and Iran? Why not us? From Slate Magazine A must read. As a progressive and a fan of Karl Popper, I've long felt that the ... |
Feb 13, 2007 |
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Robert Reich and earmarks
With all due respect, I think it would be a bad idea to get rid of earmarks. While it would rid us of one source of legal malfeasance, it would shift another power from Congress to the Whitehouse. History has shown this to be a bad idea with military ... |
Feb 7, 2007 |
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number six
(Bloomberg) -- The U.S. lost its position as the world's most competitive economy to Switzerland as budget and trade deficits prompted a slide to sixth in the World Economic Forum's annual rankings. From Bloomberg Sadly, not surprising. This is the ... |
Sep 27, 2006 |