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Economics

This tag is associated with 32 posts

Video: Did Fox News’ Neil Cavuto Try to Use the Tunisia Riots to ‘Pull a Palin’

Got the heads up on this one via The Colbert Report

Could this conversation with Craig R. Smith, CEO of Swiss America trading Corp., not be considered some kind of incitement or should I just dismiss it as the ridiculous fear-mongering that it strikes me as? Or if it is actually the former (and with Fox News, you know you can never count that possibility out), have we not learned the lesson of the Giffords shooting? So much for bringing a more genteel and civil tone to our news media and politics….

Thought for the Day: Are the US and Western Europe in ‘Decline’?

This super-cool BBC video titled, ‘200 Countries, 200 Years, 4 Minutes – The Joy of Stats’ featuring Dr. Hans Rosling explains part of why people say that but a great Op-Ed in the Toronto Star by US Naval War College professor, Tom Nichols, explains why the rumors of America’s decline might be greatly exaggerated (or is he merely indulging in some very wishful thinking??)

2011: Let the Republican F-ckery Begin!





Let’s just see how much stomach the GOP really has to deal with America’s debt problem though!

MUST WATCH Video: More Riots in Greece in Protest of Government Austerity Measures There






White riot, I wanna riot….”

All jokes aside though, sh-t looks SUPER-loony tunes over there. Just look at that video!

Hundreds of protesters clashed with riot police across central Athens on Wednesday, smashing cars and hurling gasoline bombs during a nationwide labour protest against the government’s latest austerity measures. The former Development Minister Costis Hatzidakis was attacked by protesters outside a luxury hotel. He was escorted, bleeding from the scene as his attackers yelled “thieves” at him.”

Read more via The Wall Street Journal.




So the other day I asked where else there were ongoing riots besides the UK and Italy. Now I (and you) know. Anyone else feel like this is a harbinger of much worse to come?

How Much Will Maintaining the Upper-Income Tax Cuts Reduce Unemployment??!

I spotted this one via The Colbert Report last night:

In September, the The Congressional Budget Office found that those $100 billion in tax cuts on income above $250,000 would reduce unemployment in 2011 and 2012 by… somewhere between 0.1% and nothing at all.

! :/

Read the full post at the ‘American Politics’ on The Economist

Related:

President Obama, GOP Tout Tax Cut Deal But Extension Comes at a Heavy Price
– “Extending Bush-Era Tax Breaks Good For Short-Term Economy, But Would Add $900 Billion to Already High Deficit. [emphasis mine]” [ABC News]

Hit the jump for President Obama’s address announcing the deal on extending the tax cuts. (more…)

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