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Fed's Dudley: "Lessons at the Zero Bound: The Japanese and U.S. Experience"
Found on Calculated Risk on Thu 23rd May 13
As president of the NY Fed, William Dudley is a key member of the FOMC. He clearly supports QE ... From NY Fed President William Dudley: Lessons at the Zero Bound: The Japanese and U.S. Experience. A few excerpts: In terms of our asset purchase program, I believe
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Live Blog: Apple grilled over tax avoidance
Found on Tech Blog on Wed 22nd May 13
Apple chief executive officer Tim Cook takes the hot seat on Tuesday morning in Washington to answer questions about a tax planning strategy that has enabled it to avoid billions of dollars of taxes. Carl Levin, chairman of the Senate investigations committee,
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Obama Appoint Daniel Werfel as Acting IRS Chief
Found on Wealth Strategies Journal 2.0 (Beta) on Wed 22nd May 13
On Thursday the Whitehouse announced that it was appointing Daniel Werfel, the controller of the Office of Management and Budget (OMB), as acting IRS commissioner. Mr. Werfel replaces Steven Miller who was fired following the scandal
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What If the Exchanges Arent Ready?
Found on John Goodman's Health Policy Blog on Wed 22nd May 13
This is from my column today in The Wall Street Journal.The Obama administration wants something the federal government has never done before: a computer system that connects HHS, the Internal Revenue Service, the Social Security Administration, Homeland Security
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Wednesday links: overinflated self-esteem
Found on Dealbreaker on Wed 22nd May 13
This is an early (and incomplete) edition of the linkfest. We will catch up tomorrow. Good luck out there.Quote of the dayFrancisco Dao, “Success doesnt come from feel-good messages and overinflated self esteem. It comes from grit, rules, and discipline.”
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Massachusetts Employees Will Keep Their Health Plans
Found on Beat the Press on Wed 22nd May 13
Copyright, The New York Times CompanyMassachusetts and a few neighboring states are likely to experience the Affordable Care Act a lot differently than the rest of America.Massachusetts is often held up as a window into Americas health insurance future, because
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Spending on America's Pets
Found on CONVERSABLE ECONOMIST on Wed 22nd May 13
Steve Henderson of the U.S. Census Bureau pulls together data from the Consumer Expenditure Survey and looks at "Spending on pets." He writes (footnotes omitted): "Nearly three-quarters of U.S. households own pets. There are about 218 million pets in the United
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Stop Hating on the IRS
Found on Slate Magazine - Moneybox on Wed 22nd May 13
As Apple CEO Tim Cook deftly parried attacks on his company for avoiding paying billions in taxes before Congress Tuesday, we could be forgiven for heaving a collective sigh, part resignation and part resentment. Of course the big fish get away with tax shenanigans
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Stocks at record high in US, highest since 2008 in Japan
Found on Mish's Global Economic Trend Analysis on Wed 22nd May 13
After a one-day pause, the US stock market resumed its advance on Friday. The S&P 500 rose 1.0 percent to a new record high even as the US dollar rose 0.8 percent to its highest level since July 2010. Positive economic data on Friday helped boost markets.US
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SAC Capital Will No Longer Provide Investors With Updates On Its Unconditional Cooperation With The Governments Investigation, Which Oh, By The Way, Aint So Unconditional Anymore
Found on Dealbreaker on Tue 21st May 13
SAC Capital Advisors, the hedge fund owned by the billionaire investor Steven A. Cohen, told its investors on Friday that it was no longer cooperating unconditionally with the governments insider trading investigation. In the past we have tried to be as transparent
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