Economics Headlines for the Week: 12/27/2010
Economics headlines from this week’s news, blogs, and op-eds.
This is a new column I intend on publishing on a weekly basis. Look for it on Monday mornings.
The Economic Thought of the Week: The Aggregation Problem
To see the week’s economics headlines click here:
A rather grim article discussing the recession’s effect on the young adults. It does have some nice statistics and results from economic studies, however.
An article from the beginning of this year in the Harvard Business Review which caught my attention last week. The article is nice and short, and discusses why the current U.S. economy is not suited to innovation.
A very well presented column which discusses how FDR helped get the United States out of the Great Depression. Has some great numbers to convince doubters. Definitely recommended reading for anyone interested in economic policy discussions.
Economist Michael Hudson writes about why, in his view, Adam Smith would be against the tax proposals and economic policies put forth by the Bowles-Simpson Deficit-Reduction Commission.
A post discusses how Bank of America is making moves to address a potential public relations fall out in light of a potential Wikileaks scandal. One can only wonder what kind of information they’ll be releasing.
California, under governor Arnold Schwarzenegger is attempting to sell of half of the state government’s office space to private investors with alleged political connections prior to the arrival of the new governor Jerry Brown . Many are crying foul as the state will remain a renter of the properties, at a rate resulting in a substantial financial loss for the state over the next 35 years.
The title of this post is pretty self-explanatory, but its interesting as part of the ruling the judge determined that this fraud was systemic within the company.
While I try to keep this blog non-partisan, I had to include this article because it talks about tax myths and has many good figures and economists. In fact, the bulk of the article is fact based, so hopefully it does not read like an attack piece.
An example of how U.S. companies are able to manipulate government polices to get around their intended effects. A good piece for those who question the effectiveness of government economic policy.
In what is perceived as an anti-public-union move conservative politicians are arguing to allow increased flexibility for states to declare bankruptcy.