dangerousmeta!, the original new mexican miscellany, offering eclectic linkage since 1999.

NY Times Op-Ed Contributor:

Pozen, Retiring on a Budget.  Interesting; making Social Security benefits more progressive.  I’ll have to think about it some more.  A cane for the affluent, a wheelchair for the destitute.  It will be interesting to see if the ‘flat tax’ Republicans go for it.

02/07/04 • 09:01 AM • EconomicsHuman RightsPolitics • (0) Comments • (0) Trackbacks

The Economist

calls the Bush budget “An election-year farce.”  “The cuts may well have provided a welcome economic stimulus at a time when confidence was knocked by recession and terrorist attack. But after 2009, these cuts will equal three-quarters of the total deficit, even by the administration’s own numbers.”

02/06/04 • 10:32 AM • EconomicsPolitics • (0) Comments • (0) Trackbacks

Chronicle of Higher Ed:

Lending a lasting hand.  Considering the ‘postsocialist’ Universal Basic Income as a cure for societal woes.

02/06/04 • 09:52 AM • EconomicsHuman Rights • (0) Comments • (0) Trackbacks

The Economist:

Buttonwood, Careful of buying up emerging-market debt.

02/04/04 • 06:52 PM • Economics • (0) Comments • (0) Trackbacks

CNN Money:

Securities industry contributions to Kerry’s campaign are big.

02/04/04 • 04:33 PM • EconomicsPolitics • (0) Comments • (0) Trackbacks

RedNova:

Experts: Offshore outsourcing helps world economy.  The Cato Institute is one of those experts ...

02/04/04 • 01:53 PM • Economics • (0) Comments • (0) Trackbacks

NY Times Op-Ed Contributor:

David M. Walker, The Debt No One Wants to Talk About.  “But that number excludes items like the gap between the government’s Social Security and Medicare commitments and the money put aside to pay for them. If these items are factored in, the burden for every American rises to well over $100,000.”

02/04/04 • 12:32 PM • EconomicsPolitics • (0) Comments • (0) Trackbacks

NY Times:

The Waltons lifestyle, coming to your house soon.  Companies Limit Health Coverage of Many Retirees.  “In contrast to pension financing, companies are not obligated to set aside funds to pay for retirees’ health benefits, and the health plans can usually be changed or terminated at the company’s choosing, with no appeal available to the retirees.”  If you think you’ve got your retirement covered from a health perspective, think again.

02/04/04 • 12:21 PM • EconomicsHuman Rights • (0) Comments • (0) Trackbacks

Reuters:

What your tax cuts aren’t paying for.  “A program that provides residents of poor areas access to computers and training would also get the ax, along with recreation programs for the disabled, aid for migrant farm workers, and an initiative to promote “educational equity” for girls and women.”

02/03/04 • 03:43 PM • EconomicsHuman RightsPolitics • (1) Comments • (1) Trackbacks

NY Times Op-Ed:

Krugman, Another Bogus Budget.  “In particular, what’s going on with the tax on corporate profits? That source of revenue is down, as a percent of G.D.P., to 1930’s levels. No, that’s not a misprint.”  Yep.  And close those overseas tax shelter loopholes, too, dudes.  I never voted for the Heritage Foundation; get ‘em out of my government.

02/03/04 • 10:33 AM • Economics • (0) Comments • (0) Trackbacks

NY Times Editorial:

A new panel on intelligence.  I see two interesting situations for the Administration here. 

One, the brief CIA directorship of GB Senior.  He has given speeches about the efficiency and professionalism of the agency, and ripped those who would reveal agent identities [in ‘99, I believe, he gave such a speech].  It’s a mild mitigation, but will GWB wish to damage or embarrass his father? 

Two, CIA information-gathering techniques and subsequent analysis both need to be looked at, how they’ve evolved over time.  And not just the entire period of involvement with Iraq (going back to the ‘50’s), but the entire operation. 

Here’s the rub:  it will beg the obvious question—what of the analyses of the Soviet Union during the Cold War?  The fact that the Cold War was a great deal less than what it was played up to be, will become patently obvious.  We know now that the Soviet Union was not the military foe we once believed (or were sold) ... remember the “Missile Gap”?  The US originally ramped up production on nukes to counter the larger conventional forces the Soviets could field.  The Soviets spent the entire duration of the Cold War playing catch-up ... or as much as they could, with their economic challenges.  That the Soviets were largely reactive, is a facet ignored in modern history. 

That they were perfectly content to encourage our beliefs about their invincibility, has certain modern parallels.  I believe you get my drift.

02/03/04 • 10:27 AM • EconomicsPolitics • (0) Comments • (0) Trackbacks

The Economist:

Don’t worry about inflation ... or is there more that needs to be understood here?

02/02/04 • 12:42 PM • EconomicsPolitics • (0) Comments • (0) Trackbacks

NY Times:

Linking religion to economic development.  Mix this with the below, are all skeptics poor?

02/02/04 • 12:32 PM • EconomicsPsychologyReligionScholarly • (0) Comments • (0) Trackbacks

The Spectator.UK:

Mother of all inventions.  “Never mind that your husband leaves his clothes out for you to put away (no matter how many times you remind him!), your husband has great attributes. Find them and unlock the door to more income.”

01/30/04 • 11:23 AM • EconomicsHuman Rights • (0) Comments • (0) Trackbacks

The Economist:

Buttonwood, Puffing up Profits.  Interesting ... “A much bigger (though much less talked about) source of profits has been a fall in the corporate tax rate.  [snip]  The mechanics of how all this works are complex, but the effect on profits is not: they have been hugely flattered. [snip] The allowance is due to run out at the end of this year.”  It seems corporate tax rate effects will wear out just after this fall’s election.

01/28/04 • 01:13 PM • Economics • (0) Comments • (0) Trackbacks

This is Money:

Greenspan to change course on deficits?

01/27/04 • 10:57 AM • Economics • (0) Comments • (0) Trackbacks

Fortune

shows its partisan face, in this article.   Case in point: Look into the Bermuda tax dodge.  Note, there are no ‘definitive’ records of how many US companies have incorporated in Bermuda (or how many are using the Caymans or Hong Kong or any of the other ‘tax havens.’) 

Are corporations are a bigger threat to the US than Bin Laden?  Let’s think about the costs of their malfeasance (tax dodges that cause lost revenues to the US economy, Enron, energy deregulation, mutual fund abuses, savings & loan scams, egregious waste procedures [think Erin Brockovitch-style crises] that kill or diminish lives).

Even if you use the insurance/legal figure of $3.2 to $5 million as the value for a human life, adding up the fatalities from the WTC, the economic impact and cost of the war ... I would be surprised if corporate malfeasance didn’t top the charts in costs and innocent lives lost.

Of course, human lives don’t always get valued so highly.  OSHA is a case in point.  $23/pound ... so take any figures posted and put a moral value on them.

The Tax History Project has much interesting historical material to delve through.  Making sure corporations honor Ronald Reagan’s legacy would be a start [tongue deeply in cheek] on the road to making corporations tithe their success.

01/27/04 • 09:28 AM • EconomicsHuman Rights • (0) Comments • (0) Trackbacks

NJ.com/AP:

Greenspan confident lost US jobs will be replaced.  But ... and it’s a very big but ... “We can thus be confident that new jobs will replace old ones as they always have, but not without a high degree of pain for those caught in the job-losing segment of America’s massive job-turnover process.”  My italics.

01/26/04 • 12:33 PM • Economics • (0) Comments • (0) Trackbacks

NY Times Op-Ed:

Herbert, Education is no protection.  I’ve lost two accounts now, to firms who offshore their web work.  Anyone else finding an increase in offshoring in their local economy?  If this continues or increases, I have one comment:  “We can’t all work as lock-ins at Wal-Mart.”

01/26/04 • 11:17 AM • EconomicsHuman Rights • (0) Comments • (0) Trackbacks

NY Times:

CBO projects a $477 billion deficit.  “All the estimates assume lawmakers will not rewrite any tax laws and let spending grow only at the rate of inflation.”  I can’t restrain myself ... HAH HAH HAH ...

01/26/04 • 10:42 AM • EconomicsPolitics • (0) Comments • (0) Trackbacks

NY Times Letters to the Editor:

Locked in at Wal-Mart.  Corporate America,  putting the safety of goods above human health and liberty.  Yep, let’s eliminate restrictions on corporations, shall we?

01/25/04 • 08:56 AM • EconomicsHuman Rights • (0) Comments • (0) Trackbacks

Radio Free USA:

Top fiscal watchdog delivers stinging attack on deficit.  A couple of excellent points here.  One, “If foreign investors decide that they don’t want to hold U.S. debt anymore, it could be catastrophic.” And two: ” ... even when surpluses were “projected” in the 1990s, there were still long-term deficits forecast.” 

With manufacturing jobs moving offshore [and tax benefits helping it along], and now service jobs heading the same way, ‘tax cuts’ aren’t doing much except for the wealthy.  Blast from the past:  How the Reagan budget deficits became today’s surpluses.

Now you know who to tax, and where cuts would be most useful.

01/24/04 • 06:04 PM • EconomicsPolitics • (1) Comments • (0) Trackbacks

Economist:

Buttonwood, A Banker’s Delight.  “On January 20th, Citigroup announced that it made an astonishing $17.9 billion after tax last year—more than any financial institution has ever made—and a raft of other banks announced higher fourth-quarter profits on the same day.”  Think they still need to amend our bankruptcy laws, then?

01/23/04 • 04:34 PM • Economics • (0) Comments • (1) Trackbacks

NY Times Op-Ed:

Herbert, “The Other America.” “... the most recent employment statistics have made a mockery of the claim that tax cuts for the rich would be the engine of job growth for the middle and working classes.”

01/23/04 • 11:59 AM • Economics • (0) Comments • (0) Trackbacks
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