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The IRS and the Tea Party: Treasury Report Finds Big Bungling but Small Scandal
Found on Beat the Press on Sat 18th May 13
The IRSs botched processing of requests for tax-exempt status by political groups isnt the new Watergate. It is, in fact, as scandals go, it is barely the Days Inn–based on what we’ve learned froma much-anticipated report by the Treasury Departments
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Philly Fed Manufacturing Survey Shows Contraction in May
Found on Calculated Risk on Thu 16th May 13
Note: I'll have more on housing starts and inflation later ... From the Philly Fed: May Manufacturing Survey Manufacturing firms responding to the monthly Business Outlook Survey suggest that regional manufacturing activity weakened this month. All of
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Investors scour WSJ articles for Fed clues
Found on TreeHugger on Thu 16th May 13
Matt Egan of Fox Business Network writes about how investors look at the Wall Street Journal‘s Jon Hilsenrath, who covers the Federal Reserve, for clues as to where the economy is headed. Egan writes, “To be sure, market participants didnt appear
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Philly Fed Manufacturing Survey Shows Contraction in May
Found on Calculated Risk on Fri 17th May 13
Note: I'll have more on housing starts and inflation later ... From the Philly Fed: May Manufacturing Survey Manufacturing firms responding to the monthly Business Outlook Survey suggest that regional manufacturing activity weakened this month. All of
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Just to Be Clear: When the Heritage Foundation's Jason Richwine Says "High Skilled" He Means "Superior Race"
Found on Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Wed 15th May 13
Dylan Matthews:Heritage study co-author opposed letting in immigrants with low IQs: The Heritage Foundation made something of a splash with its study suggesting that immigration reform will cost the public trillions. Jason Richwines doctoral dissertation asserts
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Conspicuous Correlation: Retail Sales April 2013
Found on Calculated Risk on Thu 16th May 13
Today, the U.S. Census Bureau released its latest nominal read of retail sales showing an increase of 0.1% from March, and a gain of 3.7% on a year-over-year basis on an aggregate of all items including food, fuel and healthcare services. Nominal "discretionary"
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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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What the euro has meant
Found on The Bonddad Blog on Fri 17th May 13
ACCORDING to Eurostat's first estimate, output in the euro area shrank 0.2% from the fourth quarter of 2012 to the first of 2013 and fell 1% year-on-year. The euro zone has been in recession since the third quarter of 2011. Today's Daily chart is an updated
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'How Are American Workers Dealing with the Payroll Tax Hike?'
Found on Penny Stocks, Stock Market Advice, Economic Analysis, Investing In Real Estate and Gold on Thu 16th May 13
Basit Zafar, Max Livingston, and Wilbert van der Klaauw examine the impact of the payroll tax cut in 2011 and 2012, and its subsequent reversal: My Two (Per)cents: How Are American Workers Dealing with the Payroll Tax Hike?, by Basit Zafar, Max Livingston,
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The great recession
Found on Free exchange on Thu 16th May 13
The great recession refers to the period of economic downturn between 2008 and 2013. The recession began after the 2007/08 global credit crunch and has led to a prolonged period of low growth and rising unemployment. In particular, the great recession highlighted
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