economics
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This word "fairness" keeps coming up around tax day, particularly in discussions around the Buffett rule.
Jared Bernstein: What's Fair? Five (or Six) Principles of Tax Fairness
And Why Taxpayers Shouldn’t Stand for It Any More Cross-posted with TomDispatch.com
Bill McKibben: Payola for the Most Profitable Corporations in History
The defining political issue of 2012 won't be the government's size. It will be who government is for.
Robert Reich: The Defining Issue: Not Government's Size, But Who It's For
the free market
Dean Baker: Economic Conflicts With China and Class War in the United States
The Commerce Department's release of trade figures last week showed another large deficit with China for October, albeit slightly lower than the record hit the previous month. This figure will renew the calls for stronger action against China. Unfortunately the debate over China is often buried in confusion, leading to a situation that is not conducive to effective action.How Big Car Services Use Legislation to Drive Over Competition
NASHVILLE, Tenn.-- In June 2010 the Nashville Metropolitan City Council passed legislation raising the city's minimum fee for limo and sedan rentals, bumping it from $25 to $45. Drivers were prohibited by law from charging less.
Robert Reich: The Most Important Economic Speech of His Presidency
The President's speech today in Osawatomie, Kansas -- where Teddy Roosevelt gave his "New Nationalism" speech in 1910 -- is the most important economic speech of his presidency in terms of connecting the dots, laying out the reasons behind our economic and political crises, and asserting a willingness to take on the powerful and the privileged that have gamed the system to their advantage.
The Supreme Court looms over our political landscape like a giant, immovable object. Americans have traditionally respected the court's purview, believing that it serves justice, dispassionately. Yet the most controversial decision of the last twenty five years -- Bush v. Gore -- has profoundly shaken that sentiment. And other decisions, like the Citizens United ruling that prevented restrictions on corporation and labor outside expenditures in elections, are inviting further skepticism. Just who does the Court serve?
Dylan Ratigan: Bought Justice and the Supreme Court
Dylan Ratigan: Bought Justice
Janus Capital Chairman Emeritus Landon Rowland is worried about the corrupting influence of money in politics. This is not so unusual, except for two factors. Rowland is a mild midwestern businessman, the type of sober fair minded moderate who doesn't express concern lightly.
WASHINGTON -- Of all the Occupy Wall Street refrains, one of the most memorable is, "I refuse to believe that corporations are people until Texas executes one." But, clever as it is, the quip looks to the wrong end of the life cycle: The only thing more corrupt than the legal concept of corporate personhood is the way a Gilded Age judge birthed it. The discontented have been occupying the streets for a long time. But the convulsions with which the ruling class in America reacted to the Paris Commune of 1871 make Fox News' coverage of Occupy Wall Street sound fawning. The Paris Commune was the first international incident followed daily in the United States.
Corporate Citizenship: How Public Dissent In Paris Sparked Creation Of The Corporate Person
greek economic crisis
One point seems largely to have been missed in recent weeks, amid all the excitement over the Federal budget and the sovereign-debt crises in Europe: free trade is largely the root cause of all these problems . So let's trace the causation for a minute. Start with the Federal budget.
Ian Fletcher: It's the Free Trade, Stupid
Friedman
Back to Dan Hausman's Home Page Originally published in The Philosophy of Economics: An Anthology Second edition. Edited by Daniel M.America is facing a catastrophic jobs crisis. Not since the Great Depression has official unemployment hovered above nine percent -- where it is today -- for more than 20 months. Millions of American have given up looking for a job altogether. Even worse, real unemployment is more than 18%. Yet Washington overall has obviously yet to embrace a large-scale job creation agenda. Even if we reach consensus around the deficit -- the only economic issue even getting any attention these days -- it will do little to help the 29 million Americans who are unemployed in real terms.
Leo Hindery, Jr.: A Vision for Economic Renewal -- An American Jobs Agenda
Martin Ford: Could We Have Civil Unrest and Riots in the U.S. as a Result of Extreme Inequality?
Washington's Blog has a post on the possibility that: Raging Inequality May Cause Unrest and Violence In America and the Rest of Western World . This is something that I've been wondering about for quite a while. I've been writing here primarily about the impact of technology on the job market , and I think it is clearly one of the primary reasons for the ever-increasing inequality we've seen over the past few decades. Although there are certainly other important factors, including the demise of private sector unions, globalization and perhaps the entry of millions of women into the workforce.John R. Talbott: The New High Tech Bubble
Facebook has been valued recently at $80 billion while Google has a current public market value of $195 billion and Apple has a market capitalization of $350 billion. Will any of these companies still be around in forty years? Analysts attempting to arrive at a fair value for these and other hi-tech firms typically estimate the firm's earnings power and then apply a P/E multiple to arrive at the company's market value. This is not that different from how most firms are valued in the marketplace, but with tech firms a much higher P/E is applied reflecting the greater growth prospects of the firms. But, high tech firms also face a much higher risk of obsolescence for their products than more traditional firms. When we say that a firm like Facebook might be worth 25 times its potential earnings in 2015, we are saying that Facebook is not only going to grow rapidly beyond 2015 to justify this aggressive P/E multiple but will also be around for a very long time.chernobyl