News  General
News  General

Excess

The post-recession housing market has been in retreat since 2012, despite falling mortgage rates, the creation of an excess supply of housing and increased supply across the country. It is easy to look back and find the reason for that - some people being unprepared to accept the price decrease, others simply preferring not to house their families and choose to move or sell. The two factors do not have anything to do with each other.

Private sector business spending, on the other hand, rose only 3.8 percent last year, which marked a slight decrease from the previous year. This is the first time since the current recession that spending has fallen at this rate.

News  General

Efficiency

The Times story includes this observation from the economist Fed governor Jerome Powell, who previously led the IMF. 'The global economy is in a slightly better position now than it was about five years ago,' he says. 'In both of those cases, the consequences of a weaker adjustment were rather significant. To a first approximation, then, a low interest rate environment is very favorable to the global economy.'

The economic effects of fiscal policy are nearly always examined in conjunction with macroeconomic questions; questions about the efficient use of money, public debt, and the impact of monetary policy; questions about the adequacy of regulation and the economy's sustainability; and questions about structural problems and the economic malaise of the country.

n the absence of contracts, the existence of an arrangement that allows for unchosen actions to push the economy in a certain direction does not translate into a given policy choice. It's analogous to asking whether a person would have traded his or her virginity for money. If the answer is no, there is no need to analyze the contract or determine the implications

News  General

Comments

TV talk show host Andrew Bolt is today facing calls to quit New South Wales after comments he made in 2015 were uncovered by the ABC.

The former radio talk show host and his current employer, News Ltd, previously said he made his remarks in 2006.

In 2015, while hosting his Daily Telegraph newspaper column, Bolt made the statements, which include claims Muslims are trying to wipe out non-Muslims.

The 2012 comments by Andrew Bolt:

I know that we have about 200 million Muslims here in the U.S. but I am pretty sure that the number of these protesters is close to 300 million.

News  General

Defense

$5.6 trillion over the next 10 years, including $600 billion in domestic defense spending — more than double the $299 billion Obama put in place. 

Former head of the Council on Foreign Relations and chairman of the Missile Defense Task Force during the George W. Bush administration, William Perry, said increasing defense spending without new sources of funding is useless and harmful.

"As we continue to reduce the size of the federal government, we must work to reinvest in it. If America is going to remain the dominant power in the world, we must get our defense spending under control," Perry said in an interview on National Public Radio.

Meanwhile, $57.5 billion is paid out for future veterans to health care.