The underlying data from numerous sources shows an economy, at the micro level, hardly deserving of such a positive report from the Conference Board.
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The last refuge of a scoundrel is the ad hominem attack. Munnell goes one better: she changes the parameters of the conversation to her advantage, and then belittles her critic.
This is Detroit Emergency Manager Kevyn Orr’s demand: “Pay me now, or pay me later.” He’s one tough hombre. We’ll see if the unions really want to duke it out with this guy.
Neither of these bills is going to do anything about Illinois’ dreadfully underfunded pension plans. But they will take care of the unions.
This is a republishing of an article from last week which now includes some revisions and expansions and clarifications that my editor at The New American suggested before it is published in an upcoming print edition of that magazine.
The German model highly touted as the perfect solution to reviving economies has now been shown to be not only a myth but a fraud.
I like this guy even if he writes for a liberal paper. Perhaps they keep him on as a token of common sense in a world gone crazy.
A fraud within a fraud. The SEC, ten years after the fact, has discovered a fraud. But didn’t punish it. And didn’t disclose all of it. Does that make the SEC itself fraudulent? Hmm.
Moody’s is more than a little late to this party. The UK’s spending on its welfare state programs continues apace, hastening the day when it ends altogether.
The jump to light speed for the Times is taking longer and costing them more than I’m sure they ever imagined. But they continue to have a loyal if misinformed audience willing to wait.