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Murray Hill Incorporated is running for Congress
See also Supreme Court Ruling Spurs Corporation Run for Congress First Test of “Corporate Personhood” In Politics. Watch out Chris Van Hollen. We’ve got a new ‘person’ in the hunt for Maryland’s 8th district. That’s my…
Record state unemployment insurance borrowing pressures budgets
Last week I showed you a chart from ProPublica in my post State unemployment insurance insolvency: 50 little Hoovers which demonstrated how states are being killed by the financial strains of unemployment insurance. Well, this week…
Unprecedented moral suasion from regulators on small businesses lending
Today, I received a press release from the complete list of federal government regulators of the financial industry which all but ordering banks to lend to small businesses. Clearly, regulators are concerned as comments by Marc Chandler…
Chandler: Policy makers are repeating the mistakes of the 1930s
Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman has an alarming note out this morning on economic policy. I take notice because Chandler usually writes in more nuanced and non-apocalyptic tones. For…
Unemployment number decline is all about seasonal adjustments
A lot of people are questioning the unemployment rate of 9.7% in the face of a –20,000 non-farm payroll print. How could we be losing jobs and have the unemployment rate drop? It would seem people are dropping out of the labor force.…
Employment situation: 9.7% unemployment, 20,000 jobs lost
Those are the numbers. But this month’s unemployment rate and the non-farm payrolls number are less important this go round. The devil is in the details here because we have some major benchmark revisions and that means changes to…
Links: 2010-02-05
Finance and Economy China to Impose Dumping Penalties on U.S. Chicken - Bloomberg.com Toyota Faces at Least 29 Lawsuits Over Acceleration - Bloomberg.com Spain’s GDP Contracts for Seventh Quarter, Bank of Spain Says -…
Andy Xie: Chinese monetary policy has to be tightened
Xie believes the Chinese economy is in no near-term threat. But he does see problems down the line because of a property bubble. He recommends even more monetary tightening to reduce the ill effects of this bubble. Xie comments on the U.S.…
UK house prices now 9.9% above trough
According to data released today by the Halifax, UK house prices are now up almost 10% above the levels of just 9 months ago. Low interest rates have certainly been a big factor in the rise, with Nationwide’s figure showing an even…
Double Dip Recession and the Obama 2011 Budget
This past Monday I was on the BBC talking about the recently unveiled Fiscal Year 2011 Budget proposed by the Obama Administration for the U.S. Federal Government. The budget is, as with most things Obama, a tightrope walk between the…