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Wednesday, May 22, 2013

Daily Archives: January 26, 2012

Carpe Diem

U.S. Manufacturing Already Has Record Profits and Is Doing Quite Well Without Any Government Help

Mark J. Perry | January 26, 2012, 8:52 pm

Obama at the SOTU: “If you’re an American manufacturer, you should get a bigger tax cut. If you’re a high-tech manufacturer, we should double the tax deduction you get for making products here. And if you want to relocate in … read more >

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Carpe Diem

The Newly Revised Leading Economic Index Finishes 2011 With Three Monthly Gains

Mark J. Perry | January 26, 2012, 8:03 pm

“The Conference Board Leading Economic Index (LEI) for the U.S., after its first major comprehensive revision since 1996, increased in December (see chart above). The largest contributors to the increase were the interest rate spread and improving employment indicators. In … read more >

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Carpe Diem

Markets in Everything: Hire People for $5

Mark J. Perry | January 26, 2012, 6:48 pm

Fiverr.com — The online marketplace for people to share things they’re willing to do for $5. Examples include: I will create a ventriloquist puppet video with any message you want for $5. I will write anything on my feet in … read more >

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Foreign and Defense Policy

A defense budget that erodes America’s military power

Mackenzie Eaglen | January 26, 2012, 4:40 pm

This week, Secretary of Defense Leon Panetta provided a preview of the U.S. military’s budget for fiscal year 2013. A deluge of Pentagon jargon such as “reversibility,” “rebalance,” and “sustainment” masks the fundamental reality: this is a budget that will … read more >

2
Economics

Must reads for Jan. 26, 2012

James Pethokoukis | January 26, 2012, 4:32 pm

Give ‘em a look: Another green-tech stimulus recipient files for bankruptcy | Ed Morrissey, Hot Air Looks like a top Romney economist opposes the 15 percent tax rate for carried interest | Jed Graham, IBD Growing connectivity may boost Chinese … read more >

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Carpe Diem

Chart of the Day: Energy Shares Through 2030

Mark J. Perry | January 26, 2012, 3:44 pm

The chart above is from the “BP Energy Outlook 2030” (p. 18) and shows the historical and estimated future mix of world energy sources through 2030.  Some key points: 1. In the future, natural gas usage as a share of … read more >

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Economics

My meeting with Treasury Secretary Tim Geithner

James Pethokoukis | January 26, 2012, 3:11 pm

You won’t have Treasury Secretary Tim Geithner to kick around any more: Treasury Secretary Timothy Geithner has told Bloomberg Television that he wouldn’t expect President Obama to ask him to stay on for a possible second term, and even if … read more >

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Carpe Diem

Markets in Everything: LowestMed App

Mark J. Perry | January 26, 2012, 3:01 pm

From MedGadget — “LowestMed is a discount prescription service that shops for the lowest price for prescription medications.  The idea is that you enter the medication prescribed, and whether you are at the doctor’s office or out looking for a … read more >

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Economics, Taxes and Spending

Look at just how progressive the U.S. tax system is

James Pethokoukis | January 26, 2012, 1:55 pm

Great, great table from the Tax Foundation looking at the average real income tax rate for various income groups. People with adjusted gross incomes of less than $100,000 pay 8 percent or less. People making $500,000 or more pay no … read more >

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Economics, Entitlements

Retirement readiness: Strengthening the federal pension system

Andrew Biggs | January 26, 2012, 1:50 pm

I testified yesterday at a House Oversight Committee hearing on federal employee retirement benefits. Republicans in Congress have proposed increasing employee pension contributions and reducing future benefits. My approach was to compare the benefits that a typical federal worker would … read more >

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