Tax Havens Hearing
Tax havens like Lichtenstein are engaged in economic warfare against the US and honest, hardworking taxpayers. Each year, the US Treasury loses an estimated $100 billion in revenues from offshore abuses.
Condi needs to either convince the president what a catastrophe attacking Iran would be. Or, failing that, break with the administration and do the noble thing by resigning while it still might make a difference.
Tax havens like Lichtenstein are engaged in economic warfare against the US and honest, hardworking taxpayers. Each year, the US Treasury loses an estimated $100 billion in revenues from offshore abuses.
When the mortgage crisis broke, there was as flurry of innuendos and allegations about Angelo and Countrywide. However, reporters are merely recycling misinformation they've gotten from each other.
The possibility that inflation could reach double digits should start to resolve today's central debate: whether this decade's economy is more like the 1930s or that of the stagflationary 1970s. Alas, there are elements of both.
People used too much debt to buy things at the wrong time in the economic cycle and lenders have been too lax in their lending standards. This has all changed because it should -- in short, risk has been repriced.
McCain has a problematic new ad for Latino voters. It won't work -- and he was already far behind where Team McCain thought he'd be with Latinos a few months ago.
We've seen a wave of news stories that Wall Street is scared of Obama. But for the investor class, you may want to help elect him because Democrats are better for stocks.
When Clear Channel saw my "Songs of the Bushmen" ads, their tone changed from oleaginously friendly salesman to angry schoolmarm -- the art was "not acceptable," a curt email informed me.
Indifference to economics does not explain the prominence of Phil Gramm in the McCain campaign during the U.S. financial crisis. Indifference to the folks losing their homes is a more plausible explanation.
San Francisco is one of the greenest cities in the country because we did not wait for Washington. We are taking action now to green our environment and our economy from the ground up.
Robert Reich: "Capitalism has always required regulation in order to ensure against fraud and excessive speculation. Greenspan allowed the economic crisis to happen because he believed that capitalism was self-correcting."