For some time, I have been a proud member of the fuddy duddies who have been predicting the return of serious stagflation.
Firms have lots of cash on their balance sheet and it’s not earning anything. What to do? Buy the competition.
Economists Fryer and Sacerdote estimate that each additional job cost as much as $400,000
NBER Working Paper No. w16759
JAMES FEYRER, Dartmouth College BRUCE SACERDOTE, Dartmouth College
The Democrats are having fun at Republican expense over the alleged GOP mishandling of a bill that would extend the police-state provisions of the Patriot Act. The leadership figured it was a no-brainer. Aren’t we for law enforcement and against crime? The rank-and-file knew better than refused to go along. And the bill went down to defeat What’s going on here is not a “mishandling” but an ideological split between libertarian impulses and authoritarian ones.
[An MP3 audio file of this article, read by Steven Ng, is available for download.]
Back in December bank analyst Meredith Whitney was featured on 60 Minutes saying there would be 50 to 100 muni-bond defaults and that it would be as big a meltdown as the real estate crash.
Genghis Khan has been branded the greenest invader in history – after his murderous conquests killed so many people that huge swathes of cultivated land returned to forest.
The Mongol leader, who established a vast empire between the 13th and 14th centuries, helped remove nearly 700 million tons of carbon from the atmosphere, claims a new study.
