The Angry Bear

Trickle-down, with the emphasis on “trickle” Since the turn of the Millennium, a torrent of corporate tax cuts has resulted in a trickle of investment growth. This morning Dean Baker objects to: the argument … that reducing corporate taxes will lead to more investment and thereby greater wage growth in the future. The data from the last seventy years show there is no relationship between aggregate profits and investment. As can be seen, there is no...

Last year I wrote a post noting that the income of group of immigrants in the US is correlated with the income of the country from where those immigrants hailed. I noted that this correlation is especially strong for immigrants in the US for the longest. I just stumbled on this paper from earlier this year by Joakim Ruist. Here’s the abstract: This paper aims to explain the high intergenerational persistence of inequality between groups of different...

Bruce Bartlett’s twitter comments offer a look at one of this September’s issues.

I stumbled on a blog post by Jerry Ratcliffe, who is a Professor of Criminal Justice and Director of the Center for Security and Crime Science at Temple University, Philadelphia, and a former police officer with London’s Metropolitan Police (UK). From one of this posts: Graph no. 2 is another image from my Intelligence-Led Policing book. The crime funnel represents what happens to a random selection of 1,000 crimes that affect the public (top bar). It...

Reader Dan sends along this one: (this was my newbie persona ten years ago http://angrybearblog.com/2007/05/reader-dan-on-insurance.html) ——————- My insurance in MA was cancelled on property due to ‘limiting risk exposure’ by my insurance company. While near the coast, my investment property is not on a flood plain and well protected as well as being higher by far (40 ft.) than downtown. I wound up having to buy from a MA backed plan at 1.5 multiplier for...

Via New York Times comes this information on flood insurance, which I believe is the predominate cause of storm damage in the Houston area and beyond: Private homeowners’ policies generally cover wind damage and, in certain cases, water damage from storm surges. But for almost half a century, all other homeowners’ flood coverage has been underwritten by the National Flood Insurance Program, a federal program that itself faces financial uncertainty....

Is David Ignatius Falling For Saudi Propaganda? Washington Post columnist and occasional novelist and diplomat, David Ignatius, is one of the best informed and wisest of commentators on Middle East affairs.  Thus it is with concern that in yesterday’s Washington Post in a column titled, “A new chance for Middle East peace?” he seems to have fallen for third rate propaganda largely being pushed by the Saudi government, although also backed by the UAE...

I’ve been following the situation in Baltimore since the death of Freddie Gray because my wife hails from that city. Here is what is happening now according to the Baltimore Sun: Baltimore’s top law enforcement leaders say they are working closely together to fight crime — but the community should not expect a turnaround soon. State’s Attorney Marilyn J. Mosby and Police Commissioner Kevin Davis, in an exclusive joint interview with The Baltimore Sun,...

Notes on Harvey: if Karma could bring her litter to visit the Texas GOP First of all, as many of you already know, the M.I.A. proprietor of Bonddad blog, Hale Stewart, resides in the Houston area.  I traded messages with him on Saturday, and as of then, he was doing OK. Secondly, when Superstorm Sandy hit New Jersey and New York, Texas Republicans were prominent among those who opposed aid.  Ultimately aid was provided — but not until 75 days after the...