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The IRS Was Wrong But Many Political Groups Should Not Be Tax-Exempt
Found on The Incidental Economist (Posts) on Sat 18th May 13
Lets start with the obvious. Those IRS employees who singled out conservative groups for scrutiny over their tax-exempt status were wrong, wrong, wrong. Any whiff of politics at the agency is unacceptable, and this is far more than a whiff. In time, we shall
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82 not out
Found on Free exchange on Sat 18th May 13
BESPECTACLED and rather owlish, Sir Mervyn King is not your stereotypical sports fan. But, as devotees of his quarterly press conferences know, the governor of the Bank of England is keen on cricket. Today he played his last innings an uninterrupted knock of
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Why Dumb is good for Marketers
Found on Buyer Behaviour on Sat 18th May 13
According to a survey by market research company YouGov 70 percent British women would follow the preventative double mastectomy path Angelina Jolie's taken, if tests showed they had a high chance of developing breast cancer.Imagine that.70 percent British women
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Lois Lerner, at the center of the IRS storm, rewarded handsomely by Obama administration
Found on Beat the Press on Sat 18th May 13
Lois Lerner apparently sent at least one of the letters to conservative groups out under her own signature.The director of the Internal Revenue Service division under fire for singling out conservative groups sent a 2012 letter under her name to one
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The Interest Rate Time Bomb
Found on PrefBlog on Sat 18th May 13
The recent policy debate over whether its time for interest rates to start to rise after being at the lowest levels since the Great Depression for nearly five years shows just how much of a policy box governments are in when it comes to fiscal and monetary
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Preliminary May Consumer Sentiment increases to 83.7
Found on Calculated Risk on Sat 18th May 13
Click on graph for larger image. The preliminary Reuters / University of Michigan consumer sentiment index for May increased to 83.7 from the April reading of 76.4. This is the highest level since July 2007. This was well above the consensus
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BLS: Unemployment Rate declined in 40 States in April
Found on Calculated Risk on Fri 17th May 13
From the BLS: April jobless rates down in 40 states, up in 3; payroll jobs up in 30 states, down in 18 Regional and state unemployment rates were generally little changed in April. Forty states and the District of Columbia had unemployment rate decreases, three
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Kinsley's Howlers
Found on naked capitalism on Fri 17th May 13
Michael Kinsley tries to take on Paul Krugman, but ends up showing he really doesn't know what he is talking about. For details, see: Seven Howlers from Michael Kinsley's Very Misguided War Against Paul Krugman - Brad DeLong The worst piece of conventional
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Shock and awesome
Found on Free exchange on Fri 17th May 13
PAUL MURPHY posts an interesting chart from Capital Economics, showing a divergence between the prices of equities and commodities:EnlargeMr Murphy comments:The moves are logical. Stocks are up because of rampant QE, which is squeezing investor flows out of
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Guess What? The EU Is Still A Basket Case!
Found on naked capitalism on Fri 17th May 13
From the latest GDP report:GDP fell by 0.2% in the euro area1 (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union.
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