7 DEC 2010 — BBC NEWS reported yesterday that President Obama has agreed a deal with the Republican Party to extend Bush era tax cuts for all Americans regardless of income level. Of interest in today’s column is the proposed 2% cut in the payroll tax for 2011. Continue reading
Economy
In Debt? Think Like Germany
THE HISTORY
NPR reported two weeks ago that Germany has paid off the last of its World War I debts. Continue reading
A Better Economy and You
It remains up for debate whether or not the economy is showing signs of improvement. However, when the economy does get back on its two feet completely, there are a few things that an improved economy might mean for you. Continue reading
Moderate Growth in Manufacturing Could Be Good Sign
You’re going to be hearing a lot about the BRIC countries for several years to come. BRIC stands for the emerging economies in the world – Brazil, Russia, India, and China – and they’re the ones whose manufacturing is keeping the world economy afloat. A recent article by the Associated Press reveals that within these countries, when their manufacturing figures are in the positives, the American economy shows some signs of improvement. Continue reading
China Surpasses Japan’s Economy – And Now Is Second Largest Economy In the World
What alarmist economists have been predicting for years has finally come true, at least for now. According to the New York Times, China surpassed Japan’s GDP in the second quarter. China has been on top in its region many times in its multi-millennial history, but this is the first time it has been the regional economic hegemon since the Dynasties came to an end. Continue reading
The Case For Keeping the Bush Tax Cuts
A huge political battle is brewing in Congress – whether or not to let the Bush tax cuts expire. According to the New York Times, the battle could set fiscal policy for years to come – as it’s expected to be a huge election topic. Continue reading
Recession Survival Kit
Folks, after months of recovery talk, everyone’s back to worrying about the Recession. Rumors are spreading about a “double dip” from lackluster growth and European debt. Turn to any news and opinion source, and you’re bound to find gloom and doom. Continue reading
EU Countries Considering Pension Cuts
In a long string of events that are “shaky” (Yes, I’m looking at you, Greece), as its population increasingly ages, European Union officials are calling pensions “unsustainable.” Continue reading
In Defense of Trickle Down Economics
Lately, the phrase, “Spending our way out of recession” has been repeated over and over. I honestly never understood it, and it does not seem to be having concrete benefits. Continue reading
What Are the Chances of a Double Dip Recession?
Amidst all the economic disparity people have witnessed lately, Americans fear that the turmoil will not improve, but instead get worse again. In what would be dubbed a “double dip” economy (like the alliteration?), the conditions would worsen again. Continue reading
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