Archive for the ‘Economy’ Category

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Striking It Richer

April 29th, 2009 by Colin Gillens   2 Comments »

Last week the American Economic Association awarded the John Bates Clark Medal to University of California, Berkley Professor Emmanuel Saez for his work on wealth and income inequality, saying in part,

[Saez's] work usefully illuminates questions concerning issues such as the appropriate marginal tax rate for high income taxpayers, the structure of income transfer programs, the treatment of capital income, and the taxation of married couples.

Striking It Rich: The Evolution of Top Incomes In The United States

Striking It Rich: The Evolution of Top Incomes In The United States

I’ll pause here for…

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Just how American are you?

April 27th, 2009 by Brett Krupp   1 Comment »

We have all heard it. “You should buy American products.” “Don’t buy (insert company here,) they moved their factories overseas.  Buy (this guy) they are American.” I really have only one thing to say to that…  Why?

My goal here is not to persuade you to purchase non-American products. Far from it. I actually think that yes, you should buy American first if you have the opportunity and other variables are similar when comparing the item you want to buy.

But therein…

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US Banks Clear Stress Test With No Problem

April 25th, 2009 by Will Crowthers   waiting for comments...

After reading an article on the recent stress test US banks were put through I have that uncertain feeling that settles at the bottom of your stomach.  You know the one you get where you think you are about to be in big trouble, but you’re really not sure.  Point being, the article doesn’t give much of an indication on what the results of the stress test mean except that most banks will not be required to receive additional capital to…

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High-speed Trains Finally Coming to the US?

April 24th, 2009 by Will Crowthers   2 Comments »

$13 Billion is said to be going towards building a high-speed US passenger railroad system over the next 5 years.  This is phenomenal and I am in full support, here are a few good reasons from the New York Times article:

“With clogged highways and overburdened airports, economic growth is suffering, Mr. Obama said”

“What we need, then, is a smart transportation system equal to the needs of the 21st century,” he said, “a system that reduces travel times and increases mobility,…

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Jamie Dimon on Fannie and Freddie

April 19th, 2009 by Will Crowthers   1 Comment »

I read a quick opinion article from the WSJ yesterday that I wanted to share.  The article describes how Jamie Dimon (current CEO of JP Morgan Chase) spends a good portion of his 2008 ‘Letter to Shareholders‘ discussing the failures of Fannie and Freddie and the effects it had on JPMC.  Here are a couple quotes:

“Perhaps the largest regulatory failure of all time was the
inadequate regulation of Fannie Mae and Freddie Mac
The extraordinary growth and high leverage of Fannie
Mae and Freddie Mac…

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