Germany is Old Too

So, the butcher’s bill on Ireland is in and stands at 85 billion Euro jointly financed by the EU (the European Financial Stability Fund (EFSF) and the European Financial Stability Mechanism), the IMF and bilateral loans from a number of countries including Sweden, Denmark and the UK. Of course, it only worked a . . . → Read More: Germany is Old Too

A Small Price to Pay: $25B And Falling

The Troubled Asset Relief Program will cost taxpayers far less than initially feared, with the new price tag estimate now just in at $25 billion. That according to the Congressional Budget Office report released on Monday.

The nonpartisan group underscored that, “it was not apparent when the TARP was created two years ago that . . . → Read More: A Small Price to Pay: $25B And Falling

Economic Events on November 30, 2010

At 7:45 AM EST, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM EST, the weekly Redbook report will be released, giving us more information about consumer spending.

At 9:00 AM EST, the monthly S&P/Case-Shiller home . . . → Read More: Economic Events on November 30, 2010

Getting Richer in Pittsburgh

Forbes: Where Americans Are Getting Richer.

You betcha…  No. 6.

They have a companion piece: 10 Highest State Income Tax Rates For 2011.  Might be worth noting that Pennsylvania is not on that list, nor anywhere near close.  Look at those state income tax rates and compare them to Pennsylvania’s.   A lot of those . . . → Read More: Getting Richer in Pittsburgh

Poverty

There are two kinds of poverty: relative poverty and absolute poverty. One could define the latter as lacking certain qualities of life; for example access to a minimum of 1600 calories per day, shelter to keep you warm and dry, and clean clothing appropriate for your climate and culture. There are many people who . . . → Read More: Poverty

Markets Likely to Applaud Irish Bailout Terms

On Monday, markets will likely applaud the 85 billion euro bail-out of the Irish economy from the International Monetary Fund and European Union financing.

Over the weekend, the rescue package was approved at a meeting of European Union finance ministers in Brussels.

The overall financing includes up to 35 billion euro to support the . . . → Read More: Markets Likely to Applaud Irish Bailout Terms

Without a Net: Compromise versus Calculation

INTRODUCTION: ORDER OF BATTLE If we place the ongoing “purist”-”pragmatist” conflict within the libertarian movement under a metaphorical microscope, it immediately becomes apparent that what we’re looking at is not one conflict, but rather a bundle of conflicts composed of numerous intertwined disputes with overlapping intra-movement constituencies for particular outcomes. While the movement . . . → Read More: Without a Net: Compromise versus Calculation

Pittsburgh Wants Your Business

CNN has us as first of 8 ‘cities’ that want your business: http://bit.ly/fwHNLK

Economic Events on November 26, 2010

At 4:30 PM EST, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM EST, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

Bailout in the Air

With apologies to John Paul Young …

Bailout in the air

Everywhere I look around

Bailout in the air

Every sight and every sound

And I don’t know if it’s just the Irish

Don’t know if we can afford it

But it’s something that I must believe in

And it’s there when I look . . . → Read More: Bailout in the Air