Submitted by unsettling economics
Here is John Edwards’ “employer” on taxes. The last line, as they say, is “priceless.” Griffin is an exception, since he is not interested in money, but in creating wealth for the community and the sheer joy of working. Also, he would work less if faced with high taxes, […]

continue reading.....

Submitted by Businomics Blog
Will the United States economic slowdown pull Europe down enough that we in the states will have an additional problem from them? Or from a European perspective, has their economy decoupled from the U.S. to the extent that they’ll be immune from our problems?
In theory, the knee bone is connected to […]

continue reading.....

Submitted by CARPE DIEM

From the UK Telegraph “Bad Teeth - The New British Disease“:
In Britain today, you can stuff yourself on deep-fried Mars bars, drink 20 pints of beer a night, inject yourself with heroin, smoke 60 cigarettes a day or decide to change your sex — and the National Health Service (NHS) has an […]

continue reading.....

Submitted by CARPE DIEM
MUMBAI — Reliance Power Ltd.’s 117 billion rupee ($2.98 billion) initial public offering has been set at 450 rupees a share, company Chairman Anil Ambani said.
India’s largest capital raising closed to record subscriptions as investors submitted bids valued at more than 7.5 trillion rupees. Demand for the issue, which was open for […]

continue reading.....

Submitted by CARPE DIEM
From “Economics: Public and Private Choice” by Gwartney, Stoup, Sobel and Macpherson:
Pitfall #2 to Avoid in Economic Thinking: “Good intentions do not guarantee desirable outcomes.”
In a Sunday NY Times article “Unintended Consequences,” Freakonomics authors Steven Levitt and Stephen Dubner explain why “do-good” laws often fail:
1. The Endangered Species Act is actually […]

continue reading.....

Submitted by CARPE DIEM

Wall Street Journal: Robert Gordon, an economist at Northwestern University in Illinois who is also a member of the National Bureau of Economic Research committee that determines (usually long after the fact) when recessions begin, is hopeful that overseas growth may continue to bolster the U.S. economy. He notes that exports, which […]

continue reading.....

Submitted by CARPE DIEM

Visit 1800blogger to see all of our industry leading blogs.

Rating 3.00 out of 5

[?]

continue reading.....

Submitted by CARPE DIEM
There is virtually no empirical evidence that tax rebates are an effective response to economic slowdowns. The main benefit of a tax rebate would seem to be political — giving politicians a way of appearing to be doing something about the nation’s economic problems that is superficially plausible.
It’s an insult to […]

continue reading.....