Category Archives: Economics

On Bonuses and Deductibles

  Nobody has asked me what suggestions I might have for two of the most vexing problems of the time, but in a moment of clarity at 3:00 AM this morning I received these messages and am now compelled to report them to you, dear reader. Bonuses Obama may regard them as "fat cat bankers", [...] Read more »

Also posted in Current Affairs | Tagged , , , , , | 3 Comments

The ABC Dilemma of Health Reform

  Today’s Wall Street Journal has two columns regarding the state of health care reform, here and here. The second link discusses health care ‘reforms’ in New York, and how the concepts of community rating and guaranteed issue, while noble in intent, distort the marketplace. Further distortions arise when states mandate fringe coverages that are [...] Read more »

Also posted in Current Affairs, Life, Politics | Tagged , , , | 2 Comments

Two Pages In The Wall Street Journal

Two pages in today’s Wall Street Journal encapsulate, for this observer, the dilemma our politicians face as federal spending spins out of control.  Page A4: Jobless Rate is Key to Fate of Democrats in 2010 …But one item may prove key: the national unemployment rate, which hit a 26-year high last month at 9.8% …President [...] Read more »

Also posted in Current Affairs, Politics, The Business World | Tagged , , , , , , , , | Leave a comment

TaxMan

The first day of classes for the fall semester. A heavy load of business oriented classes, mostly as a requirement for my minor. The most daunting is Taxation, an upper level accounting course. The professor is a seasoned veteran of the public accounting wars who returned to the (relative) safety of academe to earn her [...] Read more »

Also posted in Academia, Finance & Accounting, The Business World | Tagged , , , , | Leave a comment

Who To Believe?

The Post and Courier and the Wall Street Journal have dueling headlines in today’s papers. The Post and Courier front page lead says this: New home sales soar in June The Wall Street Journal story, found on page C12, starts with this headline: Pyrrhic Victory in June Housing Data If I took the P&C headline [...] Read more »

Also posted in Current Affairs | 1 Comment