Tuesday, May 11, 2010

Friday, May 7, 2010

Where Your Tax Dollars Will Go


For context, here's the spending breakdown for some of the big-ticket items in 2009, based on the numbers in this CBO report:

Defense, 18%
Social Security, 18%
Medicare, 12%
Medicaid, 7%
Interest, 5%

Thursday, May 6, 2010

Saturday, April 17, 2010

Just The Tip Of The Iceberg


This link will take you to an explanation of the SEC's case against Goldman Sachs.

China's Real Estate Bubble


There's a lot of pressure being placed on China to allow its currency to appreciate. This is reminiscent of the pressure placed on Japan in the mid-1980s that served as the lead move toward its eventual lost decade. The link takes you to an article from a Japanese economist offering China some advice.