This is a part of class warfare people never seem to talk about: New moms and dads with visions of Ivy League degrees dancing in their heads should be prepared to face a bill of $422,320 in today’s dollars if Junior heads off to one the country’s priciest colleges as a member of the class […]
Suddenly the right is upset that the dollar has taken a big decline, but Barry Ritholtz states the facts, something the right seems unable to comprehend: Where were all you concerned dollar bulls earlier in the decade? It strikes me that like the late-to-discover inflation, you folks cannot spot a trend until it bites you […]
Does your paycheck still make you cry? Do you wonder why the bosses are all giddy like high school girls? Well this could be why (via Think Progress): At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way […]
When the GOP talks about tax breaks for the rich and businesses they always use the argument that the more money business has, the more people they will hire. This has been in a direct conflict of supply and demand economics and more proof is in this: Despite high unemployment and a largely languishing real […]
New numbers came out today and one of them shows that inflation rose 2.7% last year. That’s pretty bad when people aren’t making us much money and we still have a big unemployment problem, but the problem doesn’t stop there. Social Security recipients didn’t get a raise this year. The calculated that in June, so […]
Something I have been meaning to do is figure up the cost impact of health care for people with diabetics. Most insurance policies don’t cover diabetic testing supplies. That gives diabetics an extra $100-$120 expense every month. I want to take a minute and figure up what premiums plus average out of pocket expenses would […]
That’s exactly what the fed is doing, and was doing before the bailout bill even hit the floor of the House: The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency […]
That’s what we been told for months now, but McCain seems to think differently: Presumptive Republican nominee John McCain yesterday credited the recent $10-a-barrel drop in the price of oil to President Bush’s lifting of a ban on offshore drilling, an action McCain has been advocating. Really? So then why didn’t Bush lift the ban […]
More great news from Bushenomics. It’s amazing to see such troubled economic times during war. Traditionally war has been good for one thing – the economy. Bush was able to even mess up that traditional formula.