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Should the Bush tax cuts be extended?
Found on The New Ledger » Markets & Policy on Tue 7th Sep 10
EARLIER in the year, as debt worries wracked European financial markets, one might have thought that the expiration of most of the Bush tax cuts was a foregone conclusion. As recently as July, Barack Obama was planning on allowing the cuts for top tax brackets
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Scott Sumner and long term interest rates
Found on The Money Demand on Tue 7th Sep 10
Scott Sumner writes:"I predicted that aggressive QE would raise long term interest rates, a view which seemed to be refuted by the response on T-bond yields to the March 2009 Fed QE announcement. <..> Any effective monetary stimulus would be expected to raise
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Housing Woes Bring New Cry: Let Market Crash
Found on Trendocracy on Tue 7th Sep 10
The unexpectedly deep plunge in home sales this summer is likely to force the Obama administration to choose between future homeowners and current ones, a predicament officials had been eager to avoid.Over the last 18 months, the administration has rolled out
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John Grisham, the failed tax lawyer and construction worker
Found on The Bayesian Heresy on Tue 7th Sep 10
Effective Habits from John Grisham-Halfway through college, and still drifting, I decided to become a high-powered tax lawyer. The plan was sailing along until I took my first course in tax law. I was stunned by its complexity and lunacy, and I barely passed
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Liking the Likeminded: On the Justices and Their Clerks
Found on WSJ.com: Law Blog - WSJ.com on Tue 7th Sep 10
Supreme Court justices, according to a story by Adam Liptak in Monday's NYT, routinely hire clerks with likeminded political beliefs.
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HSBC Says Green Stepping Down for Ministry
Found on DealBook on Tue 7th Sep 10
Stephen Green, chairman of HSBC, is leaving the bank to become the British trade minister, HSBC announced Tuesday.
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A new hope
Found on Free exchange on Tue 7th Sep 10
MAYBE I should have asked about an infrastructure spending package sooner:President Barack Obama is asking Congress to approve at least $50 billion in long-term investments in the nation's roads, railways and runways in a pre-election effort to show he's trying
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How Illegal Immigrants are Helping Social Security
Found on Economist's View on Tue 7th Sep 10
Illegal immigrants are helping to finance your retirement:The contributions by unauthorized immigrants to Social Security ... are much larger than previously known... Stephen C. Goss, the chief actuary of the Social Security Administration and someone who enjoys
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Krugman on Public Goods
Found on Division of Labour on Tue 7th Sep 10
Krugman writes, "And theres a pretty good argument to be made that we are, in fact, starved for public goods in this country ...." He adds that "anyone who tells you that basic economics settles the question, that is says that devoting more resources to production
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IKEA Sells Used Furniture (Only in Sweden for Now)
Found on TreeHugger on Tue 7th Sep 10
Photo: Flickr, CC Might Expand to Other Countries Speaking of "Reduce, Reuse, Recycle", IKEA Sweden wants to make it easier for owners of old IKEA furniture to give it a second life. Against their own commercial interest, the company is offering a free online
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