Worth remembering Mr. Buffett compiled a data sheet of the men and women who work in his office. He had each of them make a fraction; the numerator was how much they paid in federal income tax and in payroll taxes for Social Security and Medicare, and the denominator was their taxable income. The people …
Not just obama but the country and its people are in a bad trap. Is there any – any – solution within the parameteres of the current structural arrangements of the american economy? Address jobs now and deficits later, by Lawrence Mishel and David M. Walker: President Barack Obama is in a difficult position when …
http://www.tnr.com/article/politics/shooting-banks Shooting Banks Obama’s impotent assault on Wall Street. Peter Boone, Simon Johnson February 24, 2010 | 12:00 am On January 21, in an abrupt change of policy, President Obama announced his intention to take on the big bankers who have brought us so much trouble. “If these folks want a fight, it’s a fight …
In a typical recession, even the depression, demand did not keep up with increasing production, and this drove drove down prices till firms went bankrupt (or they went bankrupt without cutting prices). as production slowed, people lost jobs and need increased until willingness to spend and ability to produce began to reinforce each other. Now …
Severl recent books. Steart Brand’s The whole earth Siscipline, give s agood but bleak view of the likley future, with a seondary look at a techcratic modification that might have a major effect. the problem is that the tea party undercurrent is hostile to experts absed on bank failure, health reform failure, security mess (afghanistan0, …
From Cliate Change. The year climate science caught up with what top scientists have been saying privately for years Key aspects of the climate are changing faster than expected and if we stay on our current emissions path, we face catastrophe January 4, 2010 In 2009, the scientific literature caught up with what top climate …
The center stabilized around a new structure, leaving out 20% of the workforce.. “At the end of calendar year 2009, as the national economy was recovering from the recession of 2007-2009, workers in different segments of the income distribution clearly found themselves in radically different labor market conditions. A true labor market depression faced those …
Richer people have better advice on the stock and bond markets. they buy low, and then the market rises, and the rest of us buy based on tickle down info. the market peaks and the rich sell early and the rest sell late. the net result is, with each cycle, a net shift of money from the rest of …
Sounds like good news From the Fed: Industrial production and Capacity Utilization Industrial production increased 0.9 percent in January following a gain of 0.7 percent in December. Manufacturing production rose 1.0 percent in January, with increases for most of its major components, while the indexes for both utilities and mining advanced 0.7 percent. At 101.1 …
Yes, not to forgot. That all of us should support efforts to slow the pace of global warming. We also believe in having a Plan B in case our best efforts come up short. via The Project.