The Economics of Unions

Gary Becker (link) and Richard Posner (link) opened a discussion on how unions influence policymaking decision. Recently, president Obama imposed punitive 35 percent tariff rate on imported Chinese tire (link) risking the coming trade war. Indeed, China may file a case against the U.S at the WTO, and the WTO may rule against the . . . → Read More: The Economics of Unions

Is Germany Dependent on Exports to Grow?

The analysis that follows accompanies Manuel’s political overview, over at GEM, of the recent events in Germany as well as Edward’s economic survey of the current state of play in the German economy. Essentially we are going to have a look at, arguably, one of the more salient features of the German economy in . . . → Read More: Is Germany Dependent on Exports to Grow?

Buy Now or Pay Later!

Hat tip — Eric Dondero.

Here’s the text of a note from Tom Barthold, chief of staff to the Joint Committee on Taxation, to US Senator John Ensign (R-NV) [Click here for PDF]:

Dear Senator Ensign,

Sec 7203 of the Code provides that if there is a willful failure to file, pay. maintain appropriate . . . → Read More: Buy Now or Pay Later!

The Remarkable Indian Automobile Industry

Swaminathan S. Anklesaria Aiyar has an article in Economic Times on India’s remarkable emergence as an exporter of automobiles. Mahesh Vyas has an article in Business Standard on the recent rebound in automobile production and sales. And, here’s the link to the CMIE website on cars.

It’s interesting to look at (seasonally adjusted) US . . . → Read More: The Remarkable Indian Automobile Industry

Those Who Don’t Remember

“Those who do not remember the past are condemned to relive it.” That celebrated quote by long gone philosopher George Santayana is familiar to most people because it is so true. Sadly, people and nations choose to forget.

The Holocaust Museum in Washington D.C. is a stark reminder of a not-so-distant history, a grim . . . → Read More: Those Who Don’t Remember

October Reports off to a Very Good Start

As another October comes into focus there are many signs that robust recovery is no doubt firming in late 2009:

1. Retail sales improved in the last week in Sept according to ICSC-Goldman’s tally which rose 0.1 percent. The gain represents a 0.9 percent year-on-year gain that compares with a plus 0.6 . . . → Read More: October Reports off to a Very Good Start