"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
From Oligopoly Watch, on returning to blogging after recovering from knee replacement surgery I’ve used the time to think a little about the major changes in corporate power and the naked way in which national governments are manipulated to maintain…
The Financial Times has a quite amazing story about Iceland, amazing in that the financial wreckage created by the collapse of their banking system will have repercussions that will last for years. How bad is it? This bad. “The huge…
The European Union is ready to take action at the World Trade Organisation if it judges that US state aid for its struggling auto industry is ‘illegal,’ European Commission head Jose Manuel Barroso said on Friday. ‘We are looking at…
So says Richard Berner, co-head of global economics at Morgan Stanley, adding “We had a huge financial shock that intensified the credit crunch and triggered a sharp downturn.” Intel, Circuit City , and many others are reporting steep drops in…
Best Buy just announced sales have dropped sharply. This is an obvious bad sign and portends a slow holiday season. Consumer are the driving wheel of the economy. “Since mid-September, rapid, seismic changes in consumer behavior have created the most…