Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label Bus Econ 2010. Show all posts
Showing posts with label Bus Econ 2010. Show all posts

Friday, August 20, 2010

Dumping Bush Tax Cuts May Bring Depression

Ex-Bank of England Official: Dumping Bush Tax Cuts May Bring Depression

By: Dan Weil


Many economists are worried about the possibility of a double-dip recession, but former Bank of England official David Blanchflower thinks it could be much worse than that if the Bush tax cuts aren’t extended.

“If we don’t act fast, a plunge into Depression is a growing risk in . . . the U.S.,” he writes in a column on Bloomberg.

“The so-called Bush tax cuts, which are scheduled to expire at the end of the year, should be extended as soon as possible.”

President Barack Obama and Democrats in Congress want to keep the cuts only for those with income of less than $200,000, while Republicans want the reductions to continue for everyone.

The weak economy begs for the tax cuts, implemented in 2001 and 2003, to be continued, says Blanchflower, now an economics professor at Dartmouth College and the University of Stirling in Scotland...  http://www.moneynews.com/StreetTalk/Bank-of-England-Bush-Tax-Cuts-Depression-David-Blanchflower/2010/08/18/id/367832?s=al&promo_code=A8AB-1


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Tuesday, August 17, 2010

Why Public Employees Are the New Welfare Queens

Why Public Employees Are the New Welfare Queens


This is an item about why your local fireman or teacher has such a nice retirement package, why you probably don’t, and the way conservatives are using that contrast to advance their broader economic agenda.
Friday’s New York Times had a column about the “coming class war,” focusing on the fact that retirement packages for public employees seem to be a lot more generous than the ones for private employees. This is not a new discussion. Experts and think-tanks have been churning out research on the topic for years. But, thanks in part to the recession, the pension gap has become a major political controversy.
Conservatives say that excessive public employee pensions exemplify the greed of unions (which sought these generous benefits for public employees) and inefficiency of government (which agreed to pay them). If local and state governments are struggling financially, these conservatives say, they should figure out some way to reduce or revoke those promised benefits, rather than come to Washington and beg for help from the taxpayers.
The Senate Republican Policy Committee sums up the right’s mantra succinctly: “No state bailouts should be contemplated until the wages and pensions of public sector employees are brought into line.” Translation: You shouldn't have to give up another cent of your taxes until government stops paying its bureaucrats so damn much...  http://www.tnr.com/blog/jonathan-cohn/76884/why-your-fireman-has-better-pension-you


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Bus Econ 2010, Business Econ Unions, Education Teachers, Firefighters, Bus Econ pensions
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Monday, August 16, 2010

New York Times: 2 Top Economists Differ Sharply on Risk of Deflation

New York Times: 2 Top Economists Differ Sharply on Risk of Deflation

August 5, 2010

By NELSON D. SCHWARTZ

http://www.nytimes.com/2010/08/06/business/economy/06deflation.html?src=un&feedurl=http://json8.nytimes.com/pages/business/economy/index.jsonp

When the latest unemployment figures are announced on Friday, all of Wall Street will be watching. But for Richard Berner of Morgan Stanley and Jan Hatzius of Goldman Sachs, the results will be more than just another marker in an avalanche of data.

Instead, the numbers will be a clue as to which of the two economists is right about where the American economy is headed. Their sharp disagreement over that question adds yet another twist to the fierce rivalry between the firms, Wall Street’s version of the New York Yankees and the Boston Red Sox… http://www.nytimes.com/2010/08/06/business/economy/06deflation.html?src=un&feedurl=http://json8.nytimes.com/pages/business/economy/index.jsonp

20100805 NYT 2 Top Economists Differ Sharply on Risk of Deflation

http://kevindayhoff.blogspot.com/2010/08/new-york-times-2-top-economists-differ.html

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Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com

Sunday, August 15, 2010

New York Times: Should We Brace for Deflation Now?

New York Times: Should We Brace for Deflation Now?

August 11, 2010

Stocks declined sharply the day after the Fed announced that it would buy government debt to shore up the faltering economy. Weak job reports, along with other indicators, have caused Fed policy makers to worry increasingly about the economy falling into a deflationary spiral of declining demand, prices and wages.

How likely is the prospect of deflation now? Americans haven't experienced sustained deflation since the 1930s. Is there's something about the U.S. economy that makes deflation less of a threat? What's the way out? http://www.nytimes.com/roomfordebate/2010/08/11/should-we-brace-for-deflation-now?th&emc=th

Enter the Discussion »

Topics: Economy, Federal Reserve, deflation

New York Times: Should We Brace for Deflation Now?

http://www.nytimes.com/roomfordebate/2010/08/11/should-we-brace-for-deflation-now?th&emc=th

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Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com

Wednesday, August 11, 2010

Gus G. Sentementes, The Baltimore Sun: Western Maryland hit harder by recession

Western Maryland hit harder by recession

Northrop Grumman, Kongsberg Automotive closures add to woe

www.baltimoresun.com/business/bs-bz-western-maryland-layoffs-20100808,0,6561796.story

baltimoresun.com

By Gus G. Sentementes, The Baltimore Sun

August 8, 2010 www.baltimoresun.com/business/bs-bz-western-maryland-layoffs-20100808,0,6561796.story

Two well-paying blue-collar employers in Washington County are shuttering their businesses, adding to the woes of this Western Maryland county that already has a jobless rate among the highest in the state.

The soaring unemployment rate is a painful step back for a county that has tried in recent years to diversify its economy and attract new, high-technology businesses to the area. Known as "Hub City," Hagerstown has been at the center of a regional economy for years, with its highway connections and rail lines offering trucking and distribution companies easy access.

But over the past three years, the weakening economy has bled the Hagerstown area of jobs, mainly related to construction and manufacturing. In 2006, Washington County's unemployment rate averaged about 4.4 percent. In June, it stood at more than 10 percent and has been as high as nearly 12 percent this year, while the state's hovers just above 7 percent.

And just this past week, the county was reeling from news that two employers — a Northrop Grumman airplane maintenance facility and auto parts maker Kongsberg Automotive — plan to close, putting more than 100 people out of work…. www.baltimoresun.com/business/bs-bz-western-maryland-layoffs-20100808,0,6561796.story

[20100808 Sun Sentementes Western Md hit harder by recession]
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Kevin Dayhoff Soundtrack: http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://www.kevindayhoffart.com/
My http://www.explorecarroll.com/ columns appear in the copy of the Baltimore Sunday Sun that is distributed in Carroll County: https://subscribe.baltsun.com/Circulation/

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Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com

Wednesday, July 21, 2010

A Free Pass for Fannie and Freddie


July 21, 2010

A Free Pass for Fannie and Freddie

Kevin E. Dayhoff http://www.thetentacle.com/ShowArticle.cfm?mydocid=3874

Last Thursday the Obama Administration’s broad sweeping financial reform legislation edged past its final hurdle when the Senate approved the measure by a vote of 60-39.

The Consumer Protection and Regulatory Enhancement Act (H.R. 3310) is now on its way to the White House and awaits the gleeful left-handed signature of President Barack Obama.

The bill, touted by several news accounts as “ushering in the broadest overhaul of financial regulation since the Great Depression,” received almost complete opposition from Republicans who voted 38-3 against it. Democrats supported it by a vote of 57-1.

In May, The New York Times quoted Mr. Obama as saying: “The recession we’re emerging from was primarily caused by a lack of responsibility and accountability from Wall Street to Washington. That’s why I made passage of Wall Street reform one of my top priorities as president, so that a crisis like this does not happen again.”

I’m glad to hear the president report that the recession is about to be over... http://www.thetentacle.com/ShowArticle.cfm?mydocid=3874

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Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com