CBO Forecast: Trillion Dollar Deficits, Slow Growth, And High Unemployment

The latest projections from Congressional Budget Office are sobering to say the least.

Federal Workers Overpaid, Say Federal Workers at CBO

Employees of the US Federal Government earn substantially more in salary and benefits than their private sector comparables.

Old People Should Resign Forthwith

Lucy Kellaway figures the best thing we middle agers can do for the young is to get the hell out of their way.

New Twitter Policy Leads To Misguided Cries Of Censorship

Censorship or sound business practice?

The Truth About The So-Called “Buffett Rule”

On it’s own, the so-called “Buffett Rule” is unlikely to do much to reduce the deficit.

GDP Growth 2.8% In 4th Quarter: Not Great, Not Good, Barely Okay

Another weak GDP report that portends stagnation ahead.

Is There An American Cultural Divide?

Have Americans divided themselves into what are becoming increasingly different cultures?

Mitt Romney’s Tax Returns: Much Ado About Very Little

The reaction to the release of Mitt Romney’s tax returns is about what you’d expect.

Why iPhones Aren’t Made In America

It’s not just low wages that have kept technology manufacturing jobs out of the United States.

Apple Worth More Than Greece (Well, Not Really)

The combined value of Apple’s stock is more than the GDP of some countries.

Obama Administration Rejects Keystone XL Pipeline

The Obama Administration has halted, for the moment, a pipeline project that has become a political football.

Wikipedia To Go Dark Wednesday To Protest Online Piracy Bills

Wikipedia’s English language site will be offline for 24 hours tomorrow to protest two controversial online piracy bills.

Would Americans Be Healthier If They Spent More On Food?

Are their cultural reasons for America’s obesity problem?

$4.00 Per Gallon Gas By Spring? Bye Bye Economic Recovery?

Higher gas prices in the spring could have an impact on the economy, and the election.

Does America Spend More Than Next 10 Nations Combined on Defense?

A Washington Post fact check calls this “true but false.”

Mitt Romney, Bain Capital, And The Politics Of Creative Destruction

Mitt Romney is taking heat for his role at Bain Capital. He shouldn’t.

Good News On The Jobs Front?

Some initial data released today points to the possibility of a very position jobs report tomorrow, but don’t hold your breath.

Ethanol Tax Credit Expires After Three Decades

Congress eliminates a bad subsidy, but it’s only because there’s a worse one on the books.

A Futures Market In Election Results?

Could traders soon be betting on the outcome of the Presidential elections? Should they be?

USA World’s Most Charitable Nation

The United States tops the world in giving money, volunteering time, and helping strangers.

What Lies Ahead For The Economy?

Where is the economy headed? The signals are mixed at best.

Despite Congressional Reprieve, The Old Incandescent Light Bulb Is Still Dead

Welcome technological change, or crony capitalism?

China’s Ghost Cities

It’s Not Debtor’s Prison, It’s Contempt Of Court

Do American courts throw people in jail for failing to pay their debts? No, they don’t.

A 25 Year Recession?

Citizens United And The Foolish Attack On Corporate Personhood

A new set of proposed Constitutional Amendments reveals that many people still don’t understand what Citizens United was about.

Ads Pulled From Muslim-American Reality Show After Conservative Groups Complain

Conservative groups are upset because a new reality show depicts Muslim-Americans as, well, normal Americans.

Krugman’s Fear Mongering

Paul Krugman’s latest column, “Depression and Democracy,” is simply bizarre.

Death To Pennies

Does The Post Office Have A Future?

The Postal Service announced another round of service cutbacks today that are likely to just make the rapidity of its decline increase

Unemployment Rate Drops To 8.6% But Job Growth Remains Weak

Some good news in the November jobs report, but not very much of it.

Hank Paulson, The Bush Treasury Department, And Crony Capitalism

Guess who got advance warning of government actions on the eve of the 2008 financial crisis?

The Other Jobs Crisis

You’d think that in today’s world employers wouldn’t have trouble finding qualified employees. You’d be wrong.

Looking at the Causes of the Financial Crisis

Can we credibly blame the CRA, Fannie Mae/Freddie Mac, and the like for the mortgage crisis?

IQ and Income Inequality

Life, it turns out, isn’t fair.