Tag Archives: Taxes/regulation

(Dan here…late to post at AB…more on the way) by Kenneth Thomas Amazon moves closer to breaking the bank with “HQ2” Yesterday (Jan. 18), Amazon announced the 20 finalists for its “HQ2” project, that will supposedly create a second headquarters (why?) for the company somewhere in North America, most likely in the United States. With an alleged 50,000 jobs and $5 billion in investment, this development attracted 238 bids from cities and counties in the...

Mother Jones tells the story here in graphic detail. The GOP’s Biggest Charter School Experiment Just Imploded How a washed-up lobbyist built a charter school empire and siphoned millions from public schools. “Now, with ECOT imploding, some state politicians have floated the idea that Lager, who has made millions in profits off the school and come a long way from the Waffle House, should be personally held responsible for paying back some of the $80...

The intensity of Fed rate hikes as a precursor to recessions Between 1931 and the mid-1950s, the yield curve never inverted, and yet there were 5 recessions (1938, 1945, 1948, 1950, and 1954). In particular, the 1938 “recession within the depression” was one of the worst of the 20th century. So in a low inflation and low interest rate environment, where the yield curve may not invert, are there other signals from the bond market that are reasonably...

For the first time since the Great Recession my wage equation says average hourly earnings growth should be higher than the actual data shows.  Moreover, the fitted value is rising sharply.  Each of the three variables in the equation — the unemployment rate, capacity utilization and inflation expectations — is now pushing the fitted value higher.  This is the first time since that the fitted value is both above the actual growth of average hourly...

Lifted from comments on the post Our thoughts and opinions are with you, reader Mark Jamison writes: Comment: The filibuster is fundamentally undemocratic in a body that is already constructed undemocratically. The filibuster is an accident of history that has weaponized in the last twenty years. Yes, in particular circumstances it seems like a firewall but ultimately it does far more damage than good. What would the ACA have looked like if the Democrats...

Via rjs newletter via Naked Capitalism: “Among its claims: The injection well ban violates the corporation’s rights as a “person” under the First, Fourth, and Fifth Amendments; the Equal Protection Clause of the Fourteenth Amendment; and the Contract Clause and Supremacy Clause of the U.S. Constitution.” Court Orders Nonprofit Law Firm to Pay $52,000 to Oil and Gas Company for Defending Local Fracking Waste Ban –In early January, a federal judge ordered...

Carbon footprint conundrum would be my title.  Personal involvement is important (macro is too but not the point here), but this list points to involvements well beyond many our imaginations to implement as individuals.  Personal decisions are much harder for the top activities mentioned, and from personal contacts not much on the radar of people’s decision making.  How do you go about connecting to the things “in our own control” on these points?...

By Steve Roth (reposted) Image you’re Jeff Bezos, circa 1998. You’re building a company (Amazon) that stands to make you and your compatriots vastly rich. But looking forward, you see a problem: if your company makes profits, it will have to pay taxes on them. (At least nominally, in theory, 35%!) Then you and your investors will have to pay taxes on them again when they’re distributed to you as dividends. (Though yes, at a far lower 20% rate than what...

Minority unemployment: progress vs. prejudice On this Martin Luther King Day, let’s take a look at minority unemployment. This got a little attention earlier this month when the December jobs report showed the smallest gap ever between the unemployment rates of blacks and whites. So let’s start by confirming the good news.  Indeed last month saw the smallest gap ever between the unemployment rates of the two groups: The secular trend over the last 40...

Real wages in 2017 Now that we have the report on consumer prices for December, let’s take a look at what happened with real wages in 2017. Consumer prices increased +0.1% in December, and wages for non-managerial workers rose 0.3%,  This for that month the average worker earned 0.2% more. For the year, the nominal wages of non-managerial workers rose 2.4%, while prices increased 2.1%, meaning that for the entire year workers saw a whopping 0.3%...