Category Archives: economics

Dr. Krugman and I

“Incidentally, these other factors are why I don’t take seriously the claims of market monetarists that the failure of growth to collapse in 2013 somehow showed that fiscal policy doesn’t matter. US austerity, although a really bad thing, wasn’t nearly … Continue reading

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2013 Government shut down these guys voted for and voted to continue cost the country $24 Billion

Shutdown took $24 billion bite out of economy How much did the shutdown cost the economy? Government shutdown has cost US economy $1.5bn a day, S&P says Not to mention we look kind of nuts when these things happen. Here … Continue reading

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House and Senate Nay votes on the budget and temporarily raising the debt ceiling tonight

Are these people insane? Senate Nay Votes Name Party State Vote Lee, Mike Republican Utah Nay Johnson, Ron Republican Wisconsin Nay Cornyn, John Republican Texas Nay Crapo, Mike Republican Idaho Nay Cruz, Ted Republican Texas Nay Enzi, Michael Republican Wyoming … Continue reading

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Get Your Gay Marriage On

Congratulations to my beloved country for going sane on gay marriage. And congratulations to every gay couple in California who can now get their marriage on! Wedding planners, start your engines.

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Women of certain ages rejoice

“Either way, I find this trend – and Crippen’s tale – cheering. Of course, few of these mid-age entrepreneurs will ever enjoy J Brand’s success. And even Crippen’s story has not been smooth. Three years ago she left J Brand … Continue reading

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A Democrat by any other name…

“First, Ponnuru wants the GOP to recognize the reality of growing inequality that has eliminated the connection between economic growth and middle-class incomes, to shift its focus away from tax cuts for the rich, and to drop the fixation with … Continue reading

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California, oh, California!

What were we freaking out about last year? “After years of red ink, Gov. Jerry Brown said on Thursday that California’s $96.7-billion general fund is now poised to end next year with a surplus, thanks to years of deep budget … Continue reading

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Republivandals villains all

“The key thing to remember — and what the GOP hopes you won’t understand — is that raising the debt ceiling only empowers the president to spend money that he’s authorized to spend by Congressional legislation; nothing more. Conversely, a … Continue reading

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Poets and Robots

“Ah, you ask, but what about the people? Very good question. Smart machines may make higher GDP possible, but also reduce the demand for people — including smart people. So we could be looking at a society that grows ever … Continue reading

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PROOF! Republicans are WRONG!

Cutting taxes on rich people doesn’t help the economy, it only helps rich people. As if you needed proof, but if you like proof, well, here it is: Congressional Research Service Taxes and the Economy: An Economic Analysis of the … Continue reading

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Dr. Krugman on the 47%

And he has a nice chart, too. “Thanks to the child tax credit and Earned Income Tax Credit, a fair number of working families with young children pay no income tax; thanks to the exemption on Social Security, many older … Continue reading

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MSM: lying or just lazy, all the same stuff

“Readers are no doubt meant to interpret this as saying that CBO found that the Act will increase the deficit. But anyone who actually read, or even skimmed, the CBO report (pdf) knows that it found that the ACA would … Continue reading

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Hooray for Procter & Gamble

“‘We believe it is in the best interest of California, our company, and our consumers for the state to maintain fair and competitive tax policies for all businesses operating in the state,’ wrote Patrick L. Hayes, Procter & Gamble’s associate … Continue reading

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41% of Professional women are not having kids because she who travels fastest, travels alone

And the patriarchy runs our society sucks. “First off, 41% of professional women these days are choosing not to have children, and unlike ten years ago, they’re comfortable with their decisions on this front. In the straitened circumstances of a … Continue reading

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Smoking in California

“If the ballot initiative won, the sponsoring American Cancer Society estimated, 220,000 kids would never start smoking and 100,000 adults would quit rather than pay the extra $1 per pack to fund research on tobacco-related diseases. That would cut deeply … Continue reading

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Leave it to the BBC

To give us historical perspective and quote Monty Python. And, yes, you have to click the link and read the thing to see the Python quote. Geeze, do I have file your taxes, too? I’m just quoting the cerebral part … Continue reading

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This is why Wall Street is doomed

And maybe the whole stupid economy as we know it. “Just to play a concise version of the parlor game that went around the stock markets, Facebook’s market value at $104bn – with $3.7bn of profits – would have made … Continue reading

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Stop the thieving California heath insurance companies now

Okay, this video is funny, informative, and hard hitting. But this new way of gathering petition signatures is brilliant. Please do what I did and go to Justify Their Rates (justifyrates.org), get this petition (pdf), sign it and send it … Continue reading

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People of America – your tax dollars at work

Keeping the internet safe so Hollywood can make more money by making more crap. “The U.S. government recently shut down file-sharing giant Megaupload. The shut down of the site caused millions of its users and fans lonely days and broken … Continue reading

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CEO Compensation Bubble

Like many things, compensating CEOs and managers on the success of the stock seemed like a good idea, but it doesn’t take into account performance and luck and is inherently unfair, so it has to go. Unfortunately, it rewards the … Continue reading

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Death, Taxes, Facebook, y’know…

“WHEN Facebook goes public later this year, Mark Zuckerberg plans to exercise stock options worth $5 billion of the $28 billion that his ownership stake will be worth. The $5 billion he will receive upon exercising those options will be … Continue reading

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Welcome, Europe, to the 3rd World Debt Model

Understanding the European Debt Crisis because it matters: Punk Economics, Lesson 1, by David McWilliams This will make you feel all puffed up and glad to be an American…for about five minutes. (via, oh, I can’t remember, EconoSpeak, I think)

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The Mayerson SOP: section 161, subpart a-56.26 and .27

161.a-56 Life is uncertain. 161.a-56.26 Be prepared. 161.a-56.27 Always eat dessert first. And I’m as pleased as I am shocked by this podcast: “Jenny talks with Tom about how married women can better prepare themselves financially for a divorce. Some … Continue reading

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“Dear Atlas,”

“Fucking SHRUG already. “The suspense is killing us. “We, the Ninety Nine Percent of all American citizens, who are now in OPEN REVOLT against what is no longer a democratic government answerable to the People, have been waiting for the … Continue reading

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I hate Reagan, episode 69,468 squared

If this chart doesn’t make you see red, there’s something wrong with you: “The following chart tells the story. It shows inflation-adjusted GDP per capita and median family income from 1947 (the earliest year for which the income data are … Continue reading

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If they won’t go away, they should at least cough up some dough

Geeze, either or, folks, either or. Tell Kim Kardashian (and the rest of them [GM]) to endorse the millionaires tax (or go away [GM]) Oh, and then there’s the question of paying decent taxes on ill-gotten gains and possibly doing … Continue reading

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Celebrate Small Business Saturday

(And Buy Nothing Day Friday) Small Business Saturday. Not sure why AmExp is involved and all the links go to Facebook (I’ll be rebooting right after I post this), just fyi. Here’s my list in no particular order of favorite … Continue reading

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Why we live the way we live now in California

“First, as something of a preface, let’s just posit that Prop 13 has been an overall disaster for the state. After all, this is a progressive blog. If you want details of how that is the case, well, just use … Continue reading

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Bank Transfer Day: November 5, 2011

Bank Transfer Day and an interview podcast with the founder, Kristen Christian. She’s with Los Angeles Federal Credit Union, which is open to any Los Angeles resident. They have walk-in branches or you can open an account via their website. … Continue reading

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/Declare

You know I hate deregulation but if it can lead to innovative online financial instruments like these (like deregulation SHOULD), I might have to rethink my opinion. Note: As with ANYTHING you do with your money, do lots of research … Continue reading

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