, /

Obama’s Budget

There is no doubting the significance of the budget that the administration published and circulated late last week. For those of you who are interested in reading it this is where to find it: FY 2010 President’s Budget This is not a budget for the faint hearted. Nor is it a budget for the Republicans. […]

/

A.I.G.: The Economy’s Black Hole

How about this for effort? AIG reported this morning that it managed to lose $61.7 billion in the fourth quarter of 2008. Here’s the New York Times report: A.I.G. Reports Loss of $61.7 Billion as U.S. Gives More Aid Think about that. $61.7 billion in one quarter. Astonishing. Floyd Norris, also at the NYT, has […]

/

GDP Sinks Like A Stone: Part Two

After having a few days away from the news it would be nice to return to some good tidings. But no. Last week’s GDP announcement shows that all our worst expectations are correct. Here’s the government press release: GDP Declines Sharply There is not much to say about this since it is self evidently awful. […]

«< 530 531 532 533 534 >»