Category Archives: Politics & Government

Debt Ceiling Games: Negotiating when Everything is a ‘Tax Hike’

July 06, 2011     No comments

COMMENTARY | The current problem with the debt ceiling negotiations doesn’t seem to be the whether or not the Democrats are willing to budge with spending cuts. They’ve offered $1 trillion in spending cuts, according to CNN Money

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Debt Ceiling Games: Negotiating when Everything is a ‘Tax Hike’

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Debt Default The Financial Equivalent Of Nuclear Weapons

July 06, 2011     No comments

That was David Frum, former George Bush speechwriter who coined the title phrase– not Warren Buffett, who called derivatives weapons of mass destruction. And Frum meant a debt default in the U.S.- not Europe, where already  there are nations flirting dangerously with default.The Financial Equivalent of Nuclear Weapons happened to Portugal today, as its debt was downgraded to “junk” by Moody’s …

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Debt Default The Financial Equivalent Of Nuclear Weapons

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SKorea finance chief worries about inflation, debt

July 06, 2011     No comments

Inflation, rising household debt and troubles in part of the banking sector are among factors weighing on South Korea’s rapid economic recovery from the global financial crisis, the country’s new finance minister said Wednesday.

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SKorea finance chief worries about inflation, debt

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Chinese local debt understated by $540 billion: Moody’s

July 05, 2011     No comments

BEIJING – China’s local government debt burden may be 3.5 trillion yuan larger than auditors estimated, putting banks on the hook for deeper losses that could threaten their credit ratings, Moody’s said on Tuesday.

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Chinese local debt understated by $540 billion: Moody’s

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Avoiding Government Shutdown: The Debt Ceiling as Unconstitutional

July 01, 2011     No comments

There are those who believe that the debt ceiling is unconstitutional, according to CNN Money. There are some who believe that, if the current impasse in Congress over whether or not to raise the debt ceiling is not resolved and the debt ceiling is not raised by August 2

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Debt Problem: Could China Be the Next Greece?

July 01, 2011     No comments

Debt Problem: Could China Be the Next Greece?

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Debt Problem: Could China Be the Next Greece?

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Titanic slice | Bad Astronomy

June 28, 2011     No comments

A quirk of physics can lead to some real drama. Two quirks of physics can lead to very dramatic pictures

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Titanic slice | Bad Astronomy

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Debt ceiling talks turn to higher taxes!

June 28, 2011     No comments

Any deal to raise the debt ceiling will have to include steep cuts to federal spending. But might it also include tax hikes?

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Debt ceiling talks turn to higher taxes!

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The Birth Of A Really Bad Idea: Peter Thiel And Knowing Less As A Life Strategy

June 28, 2011     No comments

2011 is the 100th anniversary of a really bad idea. In 1911,  the British Antarctic explorer Robert Falcon Scott’s determination to learn less, rather than more — about life, clothing and diet in extreme cold conditions — led to his assuming that he was smarter than thousands of years of accumulated Eskimo knowledge, and also led ultimately to the death of his companions by starvation and …

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The Birth Of A Really Bad Idea: Peter Thiel And Knowing Less As A Life Strategy

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Obama joins debt talks

June 27, 2011     No comments

President Obama formally entered debt talks Monday with a pair of Oval Office meetings with Senate leaders, hoping that face-to-face talks could set the stage for detailed negotiations seeking more than $2 trillion in federal savings in exchange for continued Treasury borrowing to finance government operations.

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