News
Bloomberg | Buffett Set to Save More Than $1 Billion on Taxes in Swap
Warren Buffett is again showing how to use the U.S. tax code to his advantage.
Econ Comments & Analysis
AEI | Will the Supreme Court get it wrong on state taxation of interstate income?
On November 12th, the Supreme Court heard oral arguments in Maryland Comptroller v. Wynne, in which a Maryland couple, Brian and Karen Wynne, contend that their state’s income tax treatment of income earned across state lines discriminates against interstate commerce.
Friday, November 14, 2014
Employment
News
Pew | More and more Americans are outside the labor force entirely. Who are they?
According to the October jobs report, more than 92 million Americans — 37% of the civilian population aged 16 and over — are neither employed nor unemployed, but fall in the category of “not in the labor force.”
Market Watch | September’s job openings report was very strong
Companies are ramping up their hiring, and more workers are willing to quit, according to government data released Thursday that points to continued improvement in the jobs market.
Pew | More and more Americans are outside the labor force entirely. Who are they?
According to the October jobs report, more than 92 million Americans — 37% of the civilian population aged 16 and over — are neither employed nor unemployed, but fall in the category of “not in the labor force.”
Market Watch | September’s job openings report was very strong
Companies are ramping up their hiring, and more workers are willing to quit, according to government data released Thursday that points to continued improvement in the jobs market.
Budget
Econ Comments & Analysis
Mercatus Center | The Rise in Per Capita Federal Spending
Government debt is projected to reach 77 percent of the US gross domestic product by 2024, if not sooner.
Mercatus Center | The Rise in Per Capita Federal Spending
Government debt is projected to reach 77 percent of the US gross domestic product by 2024, if not sooner.
Monday, November 10, 2014
General Economics
News
Wall Street Journal | A Sure-Fire Way to Harm The Economy
Just as it seems the U.S. economy might be turning a corner, a little-known and seemingly benign change in accounting rules could cost millions of jobs and billions in lost economic growth. Most business owners and their employees have no idea what may be coming.
Real Clear Markets | The Hidden Facts Behind Inequality Statistics
Americans underestimate the actual levels of income and wealth inequality and believe the ideal income and wealth distributions are even more equal than what they imagine reality to be, according to research by Harvard's Michael Norton (read Jordan Weissmann's write-up of the research here). This, not particularly surprising result tells us very little as I suspect that most Americans would also underestimate the value of benefits provided to the poor in this country, the number of polar bears living in the Arctic, and many other facts that may or may not be of importance. The more interesting point is that anyone thinks this matters.
Forbes | U.S. Takes On China At APEC
“Obama is weakened at home, so he won’t be in a position to challenge China,” Shi Yinhong of Renmin University told Bloomberg, referring to the two-day Asia-Pacific Economic Cooperation summit. On Monday and Tuesday, the leaders of the 21-nation organization, celebrating its 25th anniversary this year, will meet in a sprawling purpose-built resort on the outskirts of Beijing, near the Great Wall.
Econ Comments & Analysis
Forbes | Repeal Dodd-Frank and End Too Big To Fail
The Republicans will hold a comfortable majority in the U.S. House and, at most, a 55 seat majority in the Senate for the 114th Congress. That’s not a wide enough margin to override a Presidential veto. Still, the Republicans owe it to their constituents to exercise governance.
Wall Street Journal | A Sure-Fire Way to Harm The Economy
Just as it seems the U.S. economy might be turning a corner, a little-known and seemingly benign change in accounting rules could cost millions of jobs and billions in lost economic growth. Most business owners and their employees have no idea what may be coming.
Real Clear Markets | The Hidden Facts Behind Inequality Statistics
Americans underestimate the actual levels of income and wealth inequality and believe the ideal income and wealth distributions are even more equal than what they imagine reality to be, according to research by Harvard's Michael Norton (read Jordan Weissmann's write-up of the research here). This, not particularly surprising result tells us very little as I suspect that most Americans would also underestimate the value of benefits provided to the poor in this country, the number of polar bears living in the Arctic, and many other facts that may or may not be of importance. The more interesting point is that anyone thinks this matters.
Forbes | U.S. Takes On China At APEC
“Obama is weakened at home, so he won’t be in a position to challenge China,” Shi Yinhong of Renmin University told Bloomberg, referring to the two-day Asia-Pacific Economic Cooperation summit. On Monday and Tuesday, the leaders of the 21-nation organization, celebrating its 25th anniversary this year, will meet in a sprawling purpose-built resort on the outskirts of Beijing, near the Great Wall.
Econ Comments & Analysis
Forbes | Repeal Dodd-Frank and End Too Big To Fail
The Republicans will hold a comfortable majority in the U.S. House and, at most, a 55 seat majority in the Senate for the 114th Congress. That’s not a wide enough margin to override a Presidential veto. Still, the Republicans owe it to their constituents to exercise governance.
Monetary
News
Market Watch | With nine-month head start, Fed still may get jobless forecast wrong
Federal Reserve officials have acknowledged they have been caught by surprise by the downward trajectory of the unemployment rate.
Real Clear Markets | Did the Fed's QE Actually Help?
The Federal Reserve has ended its roughly $3.7 trillion program of bond buying, leaving in its wake a host of hard questions. Did it strengthen the economic recovery? If so, by how much? What are the long-run effects? Should it be used again? We don't have good answers.
Econ Comments & Analysis
Market Watch | The Fed and other central banks have to handle money better
Global economic policies aren’t effective enough, either to restore growth or bring inflation to a level needed to address the world’s debt problems.
Market Watch | With nine-month head start, Fed still may get jobless forecast wrong
Federal Reserve officials have acknowledged they have been caught by surprise by the downward trajectory of the unemployment rate.
Real Clear Markets | Did the Fed's QE Actually Help?
The Federal Reserve has ended its roughly $3.7 trillion program of bond buying, leaving in its wake a host of hard questions. Did it strengthen the economic recovery? If so, by how much? What are the long-run effects? Should it be used again? We don't have good answers.
Econ Comments & Analysis
Market Watch | The Fed and other central banks have to handle money better
Global economic policies aren’t effective enough, either to restore growth or bring inflation to a level needed to address the world’s debt problems.
Taxes
Econ Comments & Analysis
Forbes | The Overwhelming Case Against Capital Gains Taxation
According to the bean counters at Ernst and Young, the United States has one of the highest capital gains tax rates in the world.
Forbes | The Overwhelming Case Against Capital Gains Taxation
According to the bean counters at Ernst and Young, the United States has one of the highest capital gains tax rates in the world.
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