Claude Fischer, professor of sociology | 6/24/11 | Berkeley Blog One image of the Great Depression was of the tramps, the hobos drifting from town to town. Folk singer Woody Guthrie sang many a lyric on the theme, such as “the highway that’s our home / It’s a never-ending highway / For a dust [...]
Posts Tagged ‘Economy’
Who would you guess pays more in federal taxes: you or Boeing?
Danny Westneat, Seattle Times (excerpted) “It’s not even close,” says Bob McIntyre. “In the past three years, you have paid way more into the system than Boeing.” McIntyre is a tax wonk, the director of … Citizens for Tax Justice, released a study showing that 12 [...]
BREAKING NEWS: Ripples of Radical Republican Tantrum Spread Across the World
FINANCIAL CRISIS Asian markets fall on historic US credit downgrade Asian stock markets plunged on Monday morning following an unprecedented downgrade of the US government’s AAA credit rating to AA-plus by Standard & Poor’s and growing worries over the eurozone debt crisis.[...]
July 27th, 2011 - 12:17 am § in Uncategorized
How The Wealthy Mexican Merchants Stimulate The Economy
from Tumbolia: Trade in the Aztec empire was mostly barter, but I’m surprised to read that a few commodities were plentiful, portable, durable, interchangeable, and stable enough to serve as money. “Cacao seems to have been the most common form of money, and it did, indeed, grow on trees. It[...]
BREAKING NEWS: TWO REPUBLICANS MAKE SENSE!
Coburn: It’s ‘Stupid And Naive’ To Think We Won’t Have Tax Increases | Combining a bit of basic economic common sense and hard political calculus, Sen. Tom Coburn (R-OK) said on CSPAN today that it’s “pretty stupid and naive” to think that anti-tax absolutists like activist Grover Norq[...]
June 28th, 2011 - 10:32 am § in America
The Free Market for Gasoline
From Carpe Diem Thursday, June 23, 2011 Gasoline prices have been dropping steadily for the last six weeks, and the current price of $3.62 per gallon (national average) is the lowest in three months and almost 8% below the recent peak of close to $4 per gallon in early May (see chart above). Ameri[...]
June 27th, 2011 - 9:09 pm § in America
America .. the World’s Tax Haven
Our Citizens and Corporations Pay Much Less Than They Once Did and Much Less Than in Most Other Countries Taxes for the wealthy, and superwealthy like Warren Buffett, have plunged in recent years. SOURCE: AP/Paul White from AP and Center for American Progress by Michael Linden, Seth Hanlon, Jordan E[...]
BREAKING NEWS: A Capitalist Tells Repricans “Get Real!”
Bond King to Congress: Get Real! from Talking Points Memo This is really a must-read piece. Not because of the message but the messenger. The hyper attention to the country’s debt is supposed to be in reaction to the bond market, the people who buy our debt. But the biggest bond guy in the cou[...]
May 18th, 2011 - 8:07 am § in Environment
Is Natural Gas Just a Bubble?
“Shale Gas: A View from the Bottom of the Resource Pyramid” A lecture at UW, by Arthur E. Berman, Director of Labyrinth Consulting Services, Inc. and the Association for the Study of Peak Oil & Gas USA. May 16th, 2011 Reviewed by Halstead Harrison. Arthur Berman works in an inter[...]
May 8th, 2011 - 9:23 am § in America
Germany 6.3% Canada 7.6% unemployment:: US 9% unemployment
from CBC Canada’s unemployment rate slipped 0.1 percentage points in April to 7.6 per cent as the economy added 58,300 jobs, Statistics Canada reported Friday. With the gain, full-time employment has returned to its level in October 2008, when the recession was starting. April’s job-crea[...]