Targeting Energy Industry Advantages
President Obama has renewed his call to end or change several tax advantages for oil and gas companies in the wake of the oil spill in the Gulf of Mexico. See what Obama proposes in his fiscal 2011 budget.
The nation is simply not building enough homes to keep up with the long-term run rate needed to meet the nation's natural population growth.
Employer health care costs to jump 9% in 2011
The U.S. economy continues to expand at a gradual pace and inflation remains tame, data showed Tuesday, an environment that should make the Federal Reserve comfortable with keeping interest rates near zero.
Giving in on Trading, Bankers Turn to Other Losses
Bankers are now focusing on battles like heading off a prohibition on derivatives trading.
Social Security in the Red
Social Security deficits have officially arrived. Social Security tax receipts for the first half of 2010: $346.9 billion; Social Security benefits payments same period: $347.3 billion.
Catching Up & Returned from Europe
Various things that came up while Arnold Kling was traveling…
A Look inside the Fed’s Balance Sheet
Assets on the Fed’s balance sheet contracted a bit in the latest week, falling to $2.314 trillion from $2.318 trillion.
Economists’ Comments & Opinions
Society needs prudent leaders and risk-taking error-prone followers; we got the opposite. –Nassim Taleb, Twitter
GSEs: $1 Trillion Dumping Ground for Bad Bank Loans
If everything goes precisely wrong, taxpayers are potentially on the hook for another $1 trillion bailout.
“Did You Know?”
Under TARP, the government provided companies with about $384 billion. The Treasury Department reported last week that $194 billion, or slightly more than half, had been repaid.=150635
Graphic of the Day
The United States has a greater structural deficit than Greece
As expected, housing starts boomed in April as builders began 672,000 new homes.
See also: How Much the Average American Spending on Entertainment
VIDEO: The Job-Killing Impact of Minimum Wage Laws
VIDEO: Dealing with Deflation35