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David Stockman, an OMB director under President Reagan, wrote a lengthy, but worthwhile, piece in Politico this week, blasting the Washington, D.C., establishment for creating a disastrous fiscal mess. He is pessimistic about our ability to get out of it, and I am increasingly coming to the view that some kind of fiscal and financial [...] Joseph Lavorgna, chief U.S. economist for Deutsche Bank, was on The Kudlow Report yesterday talking about how various US corporations (including, Berkshire Hathaway, Proctor & Gamble, Johnson & Johnson, Abbott Labs, and Lowe’s Home Improvement) are able to issue two-year debt at lower interest rates than the Federal government right now. This tends to get [...] 1. California’s insurance regulations have forced WellPoint to increase its premiums. As expected, the politicians are using the company as a scapegoat. More here. 2. A superintendent in Rhode Island has confronted unionized teachers by firing an entire school’s staff. 3. Tyler Cowen makes the case for a VAT. Generally good ideas, given the (bad) options among [...] |
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Copyright © 2012 Amol Kapila - All Rights Reserved |
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