Tax cuts are generally less stimulative than spending measures, but among tax cuts, a holiday or slashing of the payroll tax is one of the best options, the Congressional Budget Office reports. So why did President Obama suggest cutting investment and research and development taxes for businesses, rather than More…
It turns out that an economy-wide cap on carbon emissions really is necessary to spur investment in what President Obama likes to call the “clean energy economy.” At least for Deutsche Bank.
Politico pointed today to an Aug. 11 Reuters story that says Deutsche Bank will funnel the $6 billion More…
Daniel Indiviglio at The Atlantic lists five reasons to celebrate President Obama’s renewed commitment to nuclear energy. Let’s take a look at numbers one and four:
Known Quantity
I’ve complained several times about the government making bets on funding business propositions, like electric cars, that have not yet proven
As the Wall Street bailout nears its first anniversary, the controversy over giving public money to private banks has become public knowledge. But an equally risky aspect of the financial rescue has flown largely under the radar: the government’s reliance on private contractors – many with potentially significant conflicts of More…
That’s the question Yves Smith at Naked Capitalism asks about Bernie Madoff’s huge Ponzi scheme. He also raises another good point: Why didn’t Madoff make a run for it?
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