Call them like the GOP sees them – the Job Creators, the Fortune 300 largest businesses in the US. As the NYTimes describes here, the top US Businesses are not paying their fair share of government taxes and support. And given that Corporations are People and certainly do benefit mightily from government programs they are remiss […]
Top US Business Doing Their Fair Share of Damage to the Economy Read More »
What are the Marks of Class Warfare? Is it the fact that Occupy Wall Street is fundamentally right about Class Warfare perpetrated by an Elite 1% of the population who can afford to spend $5billion to purchase access to politicians and policy making venues and thereby get their way. Is it the fact that popular
The Marks of Class Warfare Read More »
The Congressional Budget Office’s recent report on National Income trends for the past 30 years finds that the top 20% of earners have gained at least twice as much in income while all other other groups have fallen behind. The Wall Street Journal felt compelled to respond with the interview below in its Opinions section. From the
Occupy the Wall Street Journal: FoxNews-like Messaging and Reporting Read More »
Well Wall Street has spoken and they are demanding and betting big time as seen in the 3% rise in the DJIA today that Federal Reserve Chairman Ben Bernanke will be “printing money”. He did it last year just before the midterm elections with an annnoucement at Jackson Hole Wyoming financial conference in August trying
Hell, More QE – Quantitative Easing Read More »
Memo to: President Barack Obama Subject: NYTimes/Princeton’s Paul Krugman was right three times Dear Mr. President We regret to inform you that Paul Krugman was right three times. First he was right about the size and targeting of the stimulus funds. JedReport, June 2010 – Stimulus Spending: Paul Krugman was right – it was not nearly enough
Memo to: B. Obama – Paul Krugman Was Awfully Right Thrice Read More »
This posting is not about Nazis but rather appeasement – abject, complete, and uncompromising appeasement. Now the US knows what its like to live under a leader who may be well-intentioned but as spineless as Prime Minister Neville Chamberlain of England just before World War II. Look at the facts: Republican Presidents have been responsible
President Neville Chamberlain Obama Read More »
In all the turmoil associated with the Euro debt crisis in Greece, Ireland, Portugal and now Italy, a major movement in energy policy has taken place. Germany has voted to re-align their energy development to replace their previous commitment to nuclear power with renewables- solar, wind and even geothermal. This is groundbreaking because this is
Germany Goes Non-Nuclear Read More »
Update as of July 16,2011: See the resignation of Les Hinton as WSJ CEO due to his role as head of Murchoch’s News of the World during its most scandalous period of phone hacking and police bribes which Les claims he was unaware of. Also see NYTimes Joe Nocera with his own mea culpa for
WSJ’s Sins of Omission and Commission on Budget Deficits Read More »
NYTimes has a good article about Mitch’s Daniel’s Indiana and some of the heart rending tradeoffs Daniels has had to make in the face of recessionary winds: “People think great business climate, Indiana comes to mind. People think infrastructure, we’re exactly who they think of.”Because recessionary winds have not toppled Indiana’s house, this state is
Mitch Daniel’s Indiana – Facing National Decline Read More »
China is starting to lose its low cost wage advantage. And it is not due to the revaluation of the yuan but rather, increasing inflation within the country. Here are three report that detail the situation: American Machinist – Survey says China is losing its manufacturing edge east2point6billion.com – Will China lose its cost advantage
China Losing Low Cost Wage Advantage Read More »
Having praised Republican Intellectuals for their leadership in defining the the number 1 issue in the upcoming Presidential Election [in case you missed it -High Anxiety over the widespread National Decline and Washington’s incapacity at addressing the underlying issues], ye Editor expected that some Republican intellectual gaffe or three to inevitably follow. After all this
Paul Gigot: Republican Intellectual Distemper Read More »
The public debate on Economic Policy is becoming more important because the US Economy is stalling out with very poor job creation and GDP growth despite nearly 4 years of unrelenting and ridiculously low interest rates plus initial huge bailouts made to the car and financial industries. Trickle Down and”Let No Big Bank Fail”
What Was Said: Economic Policy Read More »
Global Warming is unpopular because it says that humans at 6.9 billion and counting are responsible for global weather processes. Global Warming occurs primarily due to the release of CO2 and other gases into the upper atmosphere to levels that gradually raise the temperature around the world and lead to more radical and disruptive weather
The WSJ Opinion is predictable – Alan J Reynolds says that taxing the rich won’t work at helping to reduce the huge $14trillion US Deficit. Alan cites the fact that even when tax rates for the rich go up, tax revenue do not increase measurably [and Businessweek supplies the answer to that little puzzle –
Tax Dodgers Play Hardball Read More »
IBD-Investors Business Daily is the chamber of commerce of business daily newspapers. It caters to small and upcoming businesses – the Russell 2000 companies. This is not a bad marketplace to be in today as the need to change and grow new companies becomes the norm in the business world. Also the IBD offers some
IBD Editorials: Jekyll and Hyde Read More »
Of late the Republican Party is fond of wrapping itself up in true constitutionality and the spirit of the Founding Fathers. And thus one must ask in the spirit of Patrick Henry, if this be treason.. then fear not to say it is so. The “it” is the Republican “Starve the Beast” policy starting with Ronald Reagan
If This Be Treason Read More »
Ye Editor has taken it on the chin in the Reddit community commentary for advancing about IBM’s Watson two arguments: a)IBM secured an important dispensation when its Watson supercomputer was allowed direct text inputs rather than having to parse , decipher and understand directly the spoken questions by Jeopardy host Alex Trebek and/or scan and
Vindication: Problems with IBM’s Watson Read More »
The Legatum Institute has a website devoted to measuring the World’s Prosperity and showing the comparison among all the World’s countries. Being a strong believer in unbiased measures as a way to steer a group or country to enlightened betterment, ye Editor was immediately attracted to the Prosperity.com website. To move out of the OECD
Prosperity Measured? Read More »
America has fallen just like Egypt into the grips of ruthless despots. These despots have a rule of law unto themselves[see Frank Rich]. They have accrued huge wealth and unlimited risk insurance from taxpayers; yet the themselves barely pay taxes[see Bob Herbert]. They have accrued $trillions in no small part due to US Federal largesse
Bitter facts are very hard to swallow. A colleague committed to company and work gets laid-off by that company depite warnings. A close relative gets a medical death warrant of short duration. An artist friend sees 2 years of work eviscerated in an unexpectedly caustic review. But these are all personal events and judgments. Broader
Bitter Facts for USA Read More »
One could see it in the economic policy – so disjointed and just plainly off target – so much help for the banks and financial sector; too little for creating jobs and a business climate of recovery. Now, the NYTimes has done a major story on the people behind it – and one can see
How the Obama Economic Policy Team Came to Shambles Read More »
Moodys, one of the big three American Bond rating agencies is cautioning about the US Debt. Here are some of the salient remarks. Moody’s Investors Service Inc. said in a report Thursday that the U.S. will need to reverse an upward trajectory in its debt ratios to support its Aaa rating.“We have become increasingly clear
Moody’s Caution about US Debt Read More »
In nuclear arms strategy, one winning gambit is to convince your opponents that you are an irrational and unstable player. This puts your opponents on the defensive because they can’t count on you to compute and think rationally. And so therefore in all the MAD [Mutually Assured Destruction] posturings one can never be sure that
G.O.P. – Irrational Like Foxes Read More »
The NYTimes has an article today on getting China to act more responsibly in World diplomacy. The US has been the World’s traffic cop for the past 100 years starting with its reluctant role in World War I and continuing to this day with its primary role in the very asymmetrical War on Terror. The
China As Responsible Partner Read More »
As the US hurtles towards mid-term elections in which Supreme Court blessed campaign financing has tripled relative to the 2006 midterms, the People discover once again that their Bankers have fcuked Fiduciary Trust, Rule of Law and the People once again by Fcuking Foreclosures with gross negligence and legal fraud. Paul Krugman at the NYTimes
Bankers Did It Again – Fcuked You Ess Ehhh Read More »
Marketwatch’s Paul Farrel is at it again – speaking his mind. Paul has taken former Ronald Reagan Budget Director David Stockman’s article in the NYTimes and played it back again and has come up with the most popular posting on Dow Jones Marketwatch today. Paul minces no words, just like David Stockman: Stockman is equally
Reagan Republican: How GOP Destroyed the US Economy Read More »
Manufacturing Jobs, Manufacturing Jobs, Manufacturing Jobs is finally emerging, 3 years after the great financial debacle, as the number 1, number 2, and number 3 economic and social problems facing not just the US but most developed countries in the World. And its not easy – just ask the Japanese who had to suffer the
Manufacturing Jobs, Manufacturing Jobs, Manufacturing Jobs Read More »
For the past few weeks, a Labor revolt has been occurring in China … with hardly a peep about it in the TV media. First, there were the string of suicides at the Foxconn plant in Shenzhen which employs nearly 500,000 workers alone and manufactures almost all of Apple and Dell electronics and a big
Made in China: Prices Going Up Read More »
There have been two huge economic developments in the past few weeks that are still under the radar. By under the radar, one means that it is possible to Digg or Stumble posts about the stories and still be “the first discoverer”. Second, though some aspects of the stories are covered – there has not
2 Huge Economic Developments under the Radar Read More »
In our previous post on Chinese views as published in the Beijing based Chinese Business Magazine Caixin Online, Takethe5th found the posting tainted – written by an American and not yet translated into Chinese. The following article is dramatically more authentic – written by a Western-exposed, Chinese journalist and available in Chinese as well as
View from China: Chinese Low Labor Cost Economic Model Read More »
Wall Street Reforms: Small Change This week, legislators will come together to write a final bill on financial legislation, despite an outcry on the dearth of scope and depth in current reform proposals As legislation finalizes on the financial and banking industry, efforts are finally beginning to reach a boiling point and prominent critics have
Wall Street Reform: View from China Read More »
The new Job Realities are changing basic Economic and Political Fortunes around the World. The major developing countries like China, Brazil, India, Indonesia among others dictate economic tunes because their rapidly expanding manufacturing base are the lowest cost producers in the world. One only has to look at what happened in the Climate Negotiation in
The New Jobs Realities Read More »
