pensions

by L. Randall Wray One of the things I really like about the President's compromise on the tax bill is a temporary payroll tax “holiday”—something I have long advocated along with others such as Jamie Galbraith and Warren Mosler. The…

Paul O'Neill disputes claims by George W. Bush in his book that O'Neill never advised Bush against cutting taxes as he did twice early in his term after the Internet and Technology bubble crashed. O'Neill also says that the "day of…

James K. Galbraith writes that the National Committee on Fiscal Responsibility and Reform's underlying budgetary analysis is faulty because it rests on the false premise that a country can involuntarily default on a fiat currency it…

by Niels Jensen “There are those who don’t know and those who don’t know they don’t know.” -John Kenneth Galbraith On 1st January 2013, a new directive regulating insurance companies which conduct business within the EU will come…

The latest interview with Max Keiser this past Friday talking a bit about credit writedowns, real estate and trying to avoid another leg down. The video conversation is in three parts. Enjoy.

In France, this video of the former French Justice Minister and current European parliamentarian Rachida Dati is making the rounds. If you speak French, you'll know why when you hear Dati's word choice 14 seconds into the video. She…

by Annaly Capital Management The chatter is deafening. The results of the primary elections this week, with the strong anti-incumbent fervor and the surprising showing by the Tea Party, has Beltway pundits all aflutter about the possible…

Watching the TV news here is Spain at the moment is often a rather discomforting and sad affair. The normal menu seems to consist of a constant stream of ministers who have to appear before the cameras and the public to explain something…

By John Mauldin A report just out from the Center for Policy Analysis, by Courtney Collins and Andrew J. Rettenmaier (solid academic types from Mercer University and Texas A&M respectively), that indicates that state and local pension…

I got these charts from a BBC article entitled Fixed retirement age to be axed. The article says about UK government retirement planning: The government is planning to scrap the default retirement age in the UK from October 2011.…