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2 Sep 2011, 6:12 am
Previously, he would have been paying his own real estate taxes (let’s say 2% of $250,000, or roughly $425 a month, plus his own property insurance (say $50 a month) and maintenance/ upkeep (say $125 a month). [read post]
2 Sep 2011, 12:00 am
Flach: The solution to our federal budget and deficit crisis comes from the title of a Jerry Lewis movie! [read post]
1 Sep 2011, 11:34 am
Yet, through all this, the banks are still in a crisis. [read post]
31 Aug 2011, 7:52 am
Ultimately, quick fixes like voucher programs do nothing to solve our education crisis and will only exacerbate the problems of struggling public schools. [read post]
30 Aug 2011, 7:17 am
That means each bank received a gift of $27 million each -- tax-free, no less -- for every billion they received under that particular program. [read post]
29 Aug 2011, 12:52 pm
Overconfident display encourages people to take polarized views of law, to distrust the good faith of the Court and of legal institutions, and to experience the malady of cognitive illiberalism. [read post]
29 Aug 2011, 8:43 am
Certainly the Obama administration wants to assert that Buffett’s investment means that giant financial institutions — like Bank of America and Citigroup — have finally turned the corner. [read post]
27 Aug 2011, 2:20 am
Inspired by Buffett’s investment in preferred stock and warrants of Bank of America (in which I have owned stock for 20 years, through predecessors), it is interesting to think of Buffett as rescuer of troubled American financial institutions: from Salomon Brothers in the late 1980s through Goldman Sachs in the 2008 crisis and B of A today. [read post]
22 Aug 2011, 11:37 am
That helped lead to a crippling budget crisis for the state, which resorted to IOUs to pay its bills that year. [read post]
20 Aug 2011, 5:29 pm
So we ended up in a financial crisis, with too big to fail institutions locked in intangling webs of counterparty transactions that sometimes weren't even recorded on paper except as to expected result. [read post]
18 Aug 2011, 2:34 am
I’m no economist, but it seems like a fantastic deal to help make our financial institutions more solvent and to create more tax revenue from the extra profits being generated. [read post]
16 Aug 2011, 11:47 am
There's no Texas income tax, so most of the revenues come from regressive taxes that hit the poor and middle class the hardest, like sales taxes. [read post]
15 Aug 2011, 2:59 am
About 35 percent is consumed in homes, restaurants and institutions. [read post]
14 Aug 2011, 9:00 pm
Rockefeller Institute of Government, "States Revenue Estimating: Cracks in the Crystal Ball," a disturbing trend has taken shape: Revenue estimate errors have grown over the last 23 years and are even worse during times of fiscal crisis. [read post]
12 Aug 2011, 2:18 pm
Why aren't we doing anything about our far more immediate economic crisis -- jobs? [read post]
12 Aug 2011, 12:38 pm
This uncomfortable fact makes it essential that a government (and all financial institutions) never give people reason to stop and think about what money is or how it comes into being. [read post]
5 Aug 2011, 7:12 am
But that is what we have now to deal with, thanks to "institutional creep. [read post]
3 Aug 2011, 12:52 pm
To set the stage, I begin by very briefly reviewing the causes of the crisis. [read post]
2 Aug 2011, 2:43 pm
Focusing only on spending cuts and taxes, and never taking time to understand how our tax dollars affect individual liberties, while lurching from crisis to crisis, is no way to govern. [read post]
2 Aug 2011, 1:05 am
As numerous commentators have noted, one of the most distinctive litigation developments over the last twelve months has been the emergence of U.S. securities litigation against Chinese companies that obtained their listings on U.S. exchanges that a “reverse merger” with a publicly traded U.S. shell company. [read post]
