government

Chief North American economist David Rosenberg said the following about the Bush Administration's fiscal response to the credit crisis:We are nervous that we have ended up following in Japan's footsteps due to the inept fiscal response to…

Bill Gross, Pimco's founder and Chief Inestment Strategist is bold. In the past, he has argued for extreme measures to bailout subprime, questioned the CPI and said a lot more over the past few years. Now he's calling for a President Obama…

The chart below is yet another from Perot Charts. I have no particular message in mind with this chart except to inform my readers how the government gets and uses tax monies. One issue to note is the outsize proportion of taxes that…

The front page of today's business section of the New York Times features an article by Joe Nocera that correctly questions Washington's preoccupation with speculators as the source of our oil crisis. It seems the witch hunt in Washington…

In Ireland, the papers are very much focused on how to deal with the bust after the boom. In the wake of the big fat no on the Lisbon Treaty and after 15 long years of upswing, it is readily apparent to anyone that the bust is happening.…

This is yet another chart from Perot Charts. I intend to highlight a number of these charts in my coming 'chart of the day' series because they present a comprehensive picture of the challenges the U.S. Federal Government faces. Also,…

Ross Perot is making a comeback! The Texas billionaire has come back into the political fray with his website Perot Charts. I recommend taking a stroll through it. You will definitely be a wiser person for it. Today's chart comes from…

As Ireland faces a recession after a fifteen-year property boom, it has come to light that the government have been caught out and doesn't have the enough funds to support the economy now that the boom has gone bust. The Irish Independent…

I have been meaning to address the issue of State and local governments for some time, because during the boom they were flush with cash from property taxes. The obvious parallel is an expected shortfall during this downturn. One can…

The Globe & Mail (via AP) has reported that the first shot across the bow for Big Oil has been delivered by the new Italian Prime Minister Silvio Berlusconi. With oil prices surging and inflation at very elevated levels around the…