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Dolce and Gabbana Convicted of Tax Evasion

posted to TIME: The Curious Capitalist on Wed 19th Jun 13

(MILAN) A Milan court has convicted the designers Domenico Dolce and StefanoGabbanaof tax evasion. The pair were found guilty Wednesday of failing to declare euros 1 billion ($1.3 billion) in income to authorities. The court sentenced them both to one year
Chinas Chicken-and-Egg Problem: What Comes First, Wealth or Freedom?

posted to TIME: The Curious Capitalist on Wed 19th Jun 13

This article is the third in Foroohars series on Chinese business developments and their effects on the global economy; read earlier installmentshereand here. There are many questionable bits of conventional wisdom about China, but one of the most persistent
3 Ways to Get a Promotion

posted to TIME: The Curious Capitalist on Wed 19th Jun 13

If you’ve been at your company for a few years and hope to move up to the next level, here are three things you can do to increase your chances: Take initiative. Producing results in your job is just table stakes. Go beyond the confines of your current

Great Recession vs. Great Depression, yet again

posted to TIME: The Curious Capitalist on Wed 8th Apr 09

Eventually, if I keep trying hard enough, I will find a way to make these two lines converge:In a comment to my last chart comparing job losses now to those in the early 1930s, plukasiak wrote:the problem I have with this chart is that it conflates "job peak"
Dutch finance minister Wouter Bos gives Tim Geithner some advice on bonuses

posted to TIME: The Curious Capitalist on Mon 6th Apr 09

The Dutch have had their own bonus brouhaha over the past few weeks, with bailed-out bank ING coming under fire for paying out 300 million euros in bonuses for 2008. It resulted in the bank's chief executive asking his top 1,200 managers to give their bonuses
Brad DeLong tutors me on fiscal stimulus

posted to TIME: The Curious Capitalist on Fri 13th Feb 09

Brad DeLong, responding to my post on The uncertainty of stimulus, offers A Guide for the Perplexed Justin Fox on Fiscal Policy. His basic point is that World War II proved beyond a reasonable doubt that fiscal stimulus can work:Demand expansion--deliberate

links for 2009-09-05

posted to Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Sat 5th Sep 09

Silbey on Glenn Beck: What Not To WearEconomist Free exchange on Allan Meltzer: Unlike any since the Depression[T]he severity of this recession results from the collapse of an asset and credit bubble... at its peak in 2007, the real fed funds rate only reached
Unemployment Datapoint of the Day

posted to Portfolio.com: Market Movers on Sat 11th Apr 09

Justin Fox revisits the January payrolls report, and finds some scary numbers most of us missed the first time around:January 2009 was a truly, spectacularly bad month for non-farm payrolls. It was bad enough in seasonally adjusted terms: 741,000 jobs lost.
Useful Foreign Word of the Day: Herenakkoord

posted to Portfolio.com: Market Movers on Mon 6th Apr 09

One of the handier concepts to have come out of a foreign dictionary during this crisis is that of Anstaltslast, the German idea that if the state owns a company, then there’s an implicit government guarantee on that company’s liabilities. Essentially,