Here’s The Problem

In case it hadn’t been made clear before:

No Child Left Behind requires all students to be proficient in reading and math by 2014. Obama’s action strips away that fundamental requirement for those approved for flexibility, provided they offer a viable plan instead. Under the deal, the states must show they will prepare children . . . → Read More: Here’s The Problem

Italian banks pawning $976m of gold with Scotiabank?

In January FT Alphaville’s Izabella noted that “Negative rates imply that banks are pawning gold in exchange for dollars. A move which happens to depress gold prices. But it’s always been difficult to establish who was pawning what and when, and how prevalent the practice really was.”

She quoted Goldman Sachs who thought “this . . . → Read More: Italian banks pawning $976m of gold with Scotiabank?

A Bad Idea to Fix a Worse One, Because I Can

The “Fair” Tax is a really, really bad idea (see here, here and here for more on why). But, one of this really, really bad idea’s really, really bad effects is fixable.

I’ve mentioned the solution in passing before, but I figure it’s worth elaborating on. That way if it gets used (I hope . . . → Read More: A Bad Idea to Fix a Worse One, Because I Can

Economic Events on February 14, 2012

At 7:30 AM Eastern time, the NFIB Small Business Optimism Index for January will be released, providing information regarding the health and confidence of small businesses in the United States.  The consensus is that the index is at a level of 95.0, which is 1.2 points higher than the previous month’s value.

At 7:45 . . . → Read More: Economic Events on February 14, 2012