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Gretchen Morgenson Makes the Case for an Accurate Accounting of Bailout Costs

Associated Press — Sun, 20 May 2012 01:29:30 +0000

The methodology that the Treasury Department is using when claiming that we made money on the TARP would imply that the government could make money by issuing a 30-year mortgage at 1.0 percent...

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WAPO Provides Important Misinformation on Greece’s Choices

Associated Press — Sat, 19 May 2012 18:29:28 +0000

A front page Washington Post article discussed the choice that people in Greece must consider, of either staying in the euro and facing perhaps a decade or more of double-digit unemployment, or...

The World Net offers only the best information on the world economy.

Front Page WAPO Story on Jaywalking by Government Employees

Associated Press — Sat, 19 May 2012 18:29:28 +0000

It wasn’t quite that bad, but it was pretty close. A front page Washington Post story told readers that: “The overpayments, discovered in an inspector general’s audit, boosted the annual...

The World Net offers only the best information on the world economy.

Apparel Sales by Price and Volume Provide Interesting Viewpoint

Associated Press — Sat, 19 May 2012 18:29:27 +0000

Reader Tim Wallace provides an interesting chart of apparel sales in the US by price and by unit volume. In this case, volume is likely the more telling statistic. click on chart for sharper image...

The World Net offers only the best information on the world economy.

Italy Deploys 20,000 Law Enforcement Officers to Protect Individuals and Sensitive Sites; Anecdotes From Italy via Canada: Taxed Out of House and Home

Associated Press — Sat, 19 May 2012 11:29:23 +0000

Italy Deploys 20,000 Law Enforcement Officers to Protect Individuals and Sensitive Sites The Atlanta Journal Constitution reports Italy deploys 20,000 to protect sensitive targets Italy increased...

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Spanish Bad-Loans Ratio at 8.37 Percent, a 17-Year High; CDS at Record High; Bankia Suffers Huge Losses Purchasing 15.5 Million Its Own Shares to Stabilize Price; Spain Hires Goldman Sachs to Value Bankia

Associated Press — Fri, 18 May 2012 21:28:53 +0000

It’s time for another roundup on Spain. Every day is time for another roundup on Spain. Today’s report is on bad loans, and complete foolishness at Bankia buying its own shares hoping to...

The World Net offers only the best information on the world economy.

Merkel to Approach Greece with "Growth Proposals" while Asking for Referendum on Euro; Elections Provide Yet Another Attempt to Snatch Defeat From Jaws of Victory; New Democracy Leads Latest Poll

Associated Press — Fri, 18 May 2012 19:41:24 +0000

Greek elections are set for June 17th following the impasse of the last election where no majority government formed. The “Destroy Greece to Save the Euro” clowns led by German Chancellor...

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Matt Miller Celebrates the Stinking Corpse of Americans Elect

Associated Press — Fri, 18 May 2012 14:28:49 +0000

Matt Miller is the perfect embodiment of the Washington punditry. In his weekly column in the Washington Post he complains about being a victim of the “False Equivalency Police.” These...

The World Net offers only the best information on the world economy.

Matt Miller Celebrates the Stinking Corpse of Americans Elect

Associated Press — Fri, 18 May 2012 14:28:49 +0000

David Brooks, Self-Doubt and Self-Confidence

Associated Press — Fri, 18 May 2012 14:28:49 +0000

David Brooks lectures us this morning on the need to have a balance between self-doubt and self-confidence. “Western democratic systems were based on a balance between self-doubt and...

The World Net offers only the best information on the world economy.