theworldnet.info

There Was No Bowles-Simpson Commission Report

Associated Press — Mon, 27 Feb 2012 14:30:20 +0000

The New York Times badly misled readers by repeatedly referring to a report of the deficit reduction commission led by former Senator Alan Simpson and Morgan Stanley Director Erskine Bowles. There...

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Mathematical Case for Brokered Convention; How Ron Paul Can Throw a Big Wrench Into Romney’s Campaign

Associated Press — Mon, 27 Feb 2012 14:30:20 +0000

There are 2,286 republican delegates. It takes 1,144 delegates to win the Republication nomination. With four candidates remaining, many are wondering about the likelihood of a brokered convention...

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Wages and the Lottery

Associated Press — Sun, 26 Feb 2012 22:29:44 +0000

Adam Davidson has an interesting piece about how many low-paying jobs have a sort of lottery component where people are willing to accept low wages for a period of time in the hope that they will end...

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Thomas Friedman Goes Euphoric on Energy Production

Associated Press — Sun, 26 Feb 2012 22:29:44 +0000

Correcting Thomas Friedman can keep anyone busy. Today he is excited about the prospect of the United States joining the Organization of Petroleum Exporting Countries. That sounds like a great idea...

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

German Interior Minister Says EU "Should Create Incentives for Exit That Greece Cannot Turn Down"; Greece Delays Swap Until March 8

Associated Press — Sun, 26 Feb 2012 22:29:44 +0000

It is possible if not likely we have to suffer through at least 11 more Groundhog days as Greece sets March 8 deadline for investors in bond swap. Greece has set a March 8 deadline for investors to...

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160 German Tax Collectors Volunteer to "Help" Greece

Associated Press — Sat, 25 Feb 2012 22:27:57 +0000

Goodness gracious, how gracious! The German business weekly WirtschaftsWoche reported Saturday that Germany offers to send tax men to Greece The German government is prepared to send 160 financial...

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Bill to Destroy California Businesses Introduced in Senate; Bill Mandates Employers with 5 or More Employees to Create "Personal Defined Benefit Plan" Managed by CALPers

Associated Press — Sat, 25 Feb 2012 21:41:59 +0000

The gall, arrogance, and stupidity of public union pandering has reached new heights. A senate bill sponsored by written by Sen. Kevin de León, D-Los Angeles seeks to force businesses with five or...

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There is No Shortage of Rental Housing and Rents Are Not Rising Rapidly

Associated Press — Sat, 25 Feb 2012 20:33:30 +0000

The NYT told readers that a shortage of rental housing is driving up rents. This is wrong and wrong. The NYT story is that the flood of foreclosures has forced people out of their homes and led them...

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Stockton California, Population 292,000, Takes Steps Toward Bankruptcy, City Manager Says

Associated Press — Sat, 25 Feb 2012 06:27:30 +0000

Bondholders of Stockton, California debt are about to be punished as City Manager Takes Steps Toward Bankruptcy. Stockton, California, may take the first steps toward becoming the most populous U.S....

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ECRI Sticks with Recession Call on CNBC; More than a Bit of an Exaggeration by Achuthan to Make His Call?

Associated Press — Fri, 24 Feb 2012 22:26:55 +0000

ECRI’s Lakshman Achuthan sticks with his recession call. This time his call is based on coincident indicators as the following video shows. CNBC has an interesting feature where you can click...

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