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How strange is the world we're living in?
I'll let http://delong.typepad.com/sdj/2010/10/can-i-please-go-back-to-my-home-timeline-now.html answer that:
If you had told me four years ago that come October 2010 I would be forecasting that highly-efficient American steel companies would be operating at only 70% of normal capacity in 2011, that the U.S. Treasury would be able to borrow for 30 ( Read more... ) -
Brew Day Report: Apple Crisp-like beverage
For this year's installment of our series based loosely on King Midas' burial beverage, laureth thought of apple crisp. After much discussion, problems with obtaining yeast at the brew supply store, and a false start roasting, I finally started things on Saturday, October 2 ( Read more... ) -
I hope I'm wrong on this one
I certainly hope that this reporter is exaggerating. Because he's describing people who are preparing to make war on their own country. And trying to justify it as their patriotic duty. -
Getting kinda bad out there
You know income inequality's getting bad when CNBC's The Street says this.
The top 20% of the income bracket -- those making more than $100,000 each year -- pocketed 49.4% of all U.S. income. Those below the poverty line amassed 3.4% of U.S. income, according to Census data compiled in an AP wrap on the distressing state of U.S. income affairs. ( Read more... ) -
Class warfare?
This election cycle, there's a lot of talk from the Republicans about class warfare. This is just a friendly reminder who's been winning that war for the last 30 years.
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So How Did the Bush Tax Cuts Work Out for the Economy?
Interesting analysis. The fast-forward summary: We were promised the 2001 and 2003 tax cuts would lead to an economic boom. Instead, personal income in the nation decreased slightly, even if we exclude 2008 (the first year of the recession).
http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9?OpenDocument -
Message to Congress
Every American citizen, who is resident of the 50 States, has three Congresscritters he or she voted for/against: two Senators, and a member of the House. (Those who reside in a Territory, or are outside the country altogether, are in different statuses. When I was military and stationed overseas, I voted in the district I resided in, when I ( Read more... ) -
Step 3: Profit!
It looks like the United States Government will be turning a profit on the TARP bailout. This is the best news since the Treasury announced they thought they'd not need the last $550 billion (78% of the money Congress approved). -
Distortion for Votes
One of the current Republican talking points, is the claim that what's holding the economy back is business uncertainty about taxes and/or regulation. When they began making that claim, they pointed to a survey of small business owners put out by the National Federation of Independent Businesses. Based on what's being said on campaign, you'd think ( Read more... ) -
Lies, Damn Lies, and Statistics
Recently, a number of center-right folks have been praising Germany's response to the recession. They make Germany sound as if it has recovered completely. This is a bit puzzling to me, because the right's economic concerns are usually limited to GDP (and income for the wealthiest few, which is usually indistinguishable from GDP), and reducing the ( Read more... )