What’s a Bailed-Out Banker Really Worth?
Fascinating article on what’s happened with the bankers bailout. One intriguing quote compares executive compensation to the average employee::
Over the last 50 years, the ratio of top pay to average pay at public companies has multiplied roughly 11 times (24:1 to 275:1). That’s more pay in one workday for the chief executive than his average employee makes in a year.
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Will Greece Get a Bailout?
February 10, 2010 - 10:44 pm
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From Matthew Yglesias » Will Greece Get a Bailout?:
If the Greece moral hazard play winds up not working, then investors will start demanding higher interest payments from Ireland. And if they go down, you could have the equivalent of a bank runs start to endanger medium-sized countries like Spain and Italy. At that point, everyone’s [...]
Unemployment — not if you caused the crisis!
January 4, 2010 - 11:03 pm
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So if you lost your firm billions of dollars, laid off tens of thousands and indirectly caused millions to lose their jobs and drove the unemployment rate to 10.3% well, the good news is it didn’t cost you your job! 92% of management in TARP funds recipients still have their jobs! From A Fair Deal [...]
Global warming a political winner?
December 2, 2009 - 3:59 am
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I was arguing with someone about global warming and one of his claims was that global warming is a political winner for the democratic party. I don’t think so. As a measure, here is a poll from CNN just before the election showing what people think is important. Environment and/or global warming? [...]
Unemployment rate
November 18, 2009 - 8:07 pm
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Pick your favorite, worst recession and compare with how we are doing now. There are even predictions that unemployment may reach 12%. Unemployment is always a relative thing but this chart looks at employment as a percentage of the total work force. From Brad DeLong:
Gold bugs unite!
November 5, 2009 - 1:19 am
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Here’s one of those info-graphics to get all the gold bugs in a dizzy:
Taxes on the top 1%
July 17, 2009 - 8:01 pm
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From Conor Clarke is this chart plotting the effective federal tax rate of the upper 1%.
First off, never trust a chart that doesn’t start at 0 but anyway. What’s interesting is that this is the effective rate being paid (not the marginal rate). Here’s some related information that shows how income has grown for the [...]
Unemployment post-recession
July 15, 2009 - 7:56 pm
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This graph has been making the rounds (I got it from Barry Ritholtz’s). It shows the percentage change in unemployment (Y-axis) and the months since the official start of the recession. What’s particularly dramatic about this is employment continues to worsen and over a much longer period of time than past recessions. E.g. this [...]
‘Cash for Clunkers’ Passes House
June 10, 2009 - 8:38 pm
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So the cash for clunkers is getting closer. It passed in the House:
In addition to having stricter fuel economy requirements, the Senate bill contains three major differences. The first is the maximum fuel economy of the trade-in vehicles, which is 17 miles a gallon. The second is there are three voucher amounts ($2,500 to [...]
That new car smell
May 19, 2009 - 9:12 pm
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I’m closely keeping track of that cash-for-clunkers program. It sounds like the Senate is close to approving a plan that provides a $3,500 subsidy for trading in an old gas guzzler for a more efficient car!
The U.S. House of Representatives has passed a plan and the Senate is likely to do the same this [...]
Closer to a new car?
May 6, 2009 - 9:49 pm
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It’s one step closer to happening! Getting a new car based on a trade in might actually happen. It hasn’t passed the House yet (much less the Senate) but the leadership of both parties agree on doing it. From House Reaches a Deal on ‘Cash for Clunkers’ Program:
Under the House plan, a car trade-in [...]