Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as ... Read More
When the BP Statistical Review of World Energy is published each year, I skim through the figures and tables as a way of grounding myself in some basic facts. Here’s are ... Read More
In the world of competitive sports, “bulletin board material” refers to when you collect negative comments from others and post then in public place to fire up your motivation. ... Read More
I knew that Greece has not traditionally been the economic dynamo behind growth in the EU economy. I had not quite realized how far the Greek economy has lagged ... Read More
The availability of a bank account is a big help to individuals, and to an economy. For the individual, it provides safety for saving, a channel for receiving and ... Read More
The US unemployment rate has been in the range of 5.4-5.5% since February, which is clearly a vast improvement from its peak of 10% in October 2009. But of ... Read More
The single largest federal program for providing cash assistance to those with low incomes is the Earned Income Tax Credit, which in 2014 reduced taxes owed by the working ... Read More
My own sense is that popular interest in Bitcoin peaked about 12-18 months ago. Perhaps that interest will return. But for now, my sense is that Bitcoin represents a remarkable–indeed, a ... Read More
Although the US corporate income tax is an almost continual subject of dispute, most people don’t know any details about what kinds of corporations that earn the profits. For ... Read More
Discussions of the economic situation in Europe and the eurozone during the last few years have a heavy emphasis on government debt and central bank policy. But from the ... Read More
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