From Europe Reaches a Greek Deal By Geoffrey T. Smith, Ainsley Thomson and Costas Paris BRUSSELS—Euro-zone finance ministers early Tuesday agreed to an ambitious €130 billion ($172.1 billion) rescue deal that will see Greece’s private creditors take an even larger loss in order to put the debt-laden country on a sustainable footing and avert a [...]
Archive of posts filed under the Economics category.
The Secretary of the Treasury tells us the truth
It’s so rare when an Obama Administration official tells the truth that we should sit up and take notice when one actually does. Of course, it’s entirely possible that Secretary of the Treasury Timothy Geithner will get his hand smacked for actually telling the truth! Administration stops pretending it has long-term debt plan byPhilip Klein [...]
And people wonder why we have a huge federal deficit
There was a horrible accident involving a dump truck and a school bus in Chesterfield Township, New Jersey on Thursday, an accident which left an 11-year-old student, one of three triplet daughters of a New Jersey State Trooper, dead. In all, 17 out of the 25 students on the bus were injured. NTSB investigating deadly [...]
President Obama’s proposed FY2013 federal budget
I’m busy at work, and cannot add any commentary yet. This chart compiled by the editor, from Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2017 and Table 1.2—Summary of Receipts, Outlays, and Surpluses or Deficits (-) as Percentages of GDP: 1930–2017. _______________________ Update: I have added two calculation functions to the chart, [...]
Second verse, same as the first!
Herman’s Hermits, with their most famous song, “I’m Henry VIII, I am,” on the Ed Sullivan Show, in 1965. After the first verse was the famous line, “Second verse, same as the first!” Which brings me to this story from Budget to Call for Taxes on Wealthy By Jared A Favole and Damian Paletta WASHINGTON—President [...]
Yup! 
From ALa: Profile of an OWSer Saw another one of the same girl that said, “Complains there are no jobs for college grads” at the top and, “Majored in 18th Century French Poetry” at the bottom… (Sorry to all my friends/siblings that fit that classification…) Feel free to add any… I just wish ALa had [...]
The Wall Street Journal