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 | Why rich guys want to raise the retirement age Nov 21st 2012, 19:14 If you're the CEO of Goldman Sachs if you have a job that you love, a job that makes you so much money you can literally build a Scrooge McDuck room where you can swim through a pile of gold coins wearing only a topcoat then you should perhaps think twice before saying this: Read full article >>   | | Dumb ways to die' Nov 21st 2012, 18:20 Via Metro Trains in Australia, an insanely catchy and adorable way of delivering a relatively dull public service announcement: Stay off the train tracks. Safe Thanksgiving travels, everyone! Read full article >>   | | Britain poised for budget clash with E.U. Nov 21st 2012, 17:29 LONDON — When Prime Minister David Cameron goes to Brussels on Thursday for the start of talks on a new European Union budget, he should remember to take his purse. Rather than advice on accessorizing, the message delivered to Cameron this week by his conservative allies was a reminder to be more like Margaret Thatcher, this nation's Iron Lady famous for wielding her handbag and playing tough with continental leaders and bureaucrats. Not that Cameron needed reminding. As he prepares to yet again dig in his heels in Brussels, the British premier appears well aware that his nation is growing weary of the E.U. even as some in the E.U. are growing weary of Britain. Read full article >> | | Liberal Democrats want to fix Social Security by raising taxes Nov 21st 2012, 17:14 Congress' left flank is pushing back against the notion that liberals simply want to leave entitlements alone. That's not so, says Rep. Keith Ellison (D-Minn.), co-chair of the House Progressive Caucus. Yes, progressives oppose benefit cuts to entitlement programs. But they also want to shore up the finances for entitlement programs, "strengthening Social Security, Medicare and Medicaid for generations to come," Ellison said. And one of their major fixes would expanding the Social Security payroll tax. Read full article >>   | | I just don't think its possible': How the uninsured view Obamacare Nov 21st 2012, 17:04 It felt, a bit, like stepping into a scene in "Mad Men": A dimly lit room with three rows of chairs, all hidden behind a two-way mirror. There, experts watched focus groups shuffle in and out in 90-minute intervals. They pointed at logos they did like, logos they didn't like and tried to explain the difference between the two. Read full article >>   | | The deficit is already shrinking, in one chart Nov 21st 2012, 16:58 There's been a lot of scary talk about what will happen to the United States if we don't start reining in the deficit. But part of the reason that the deficit has been so high as of late is because of the recession: Lower incomes have meant lower tax revenue, while government spending spiked under the 2009 stimulus and bank bailouts. As the economy has recovered and those programs have phased out, the deficit has shrunk rapidly as well. Read full article >>   | | Five economic trends to be thankful for Nov 21st 2012, 15:24 There is a dirty little secret about economics writing. The thing that offers the surest path to glory to front page play for a story, to lots of Web traffic, to a pat on the back from editors is doom and gloom. When we can point out something that is awful, whether it is a collapsing job market or rising poverty or skyrocketing gasoline prices, the world seems a whole lot more interested in what we have to say. It's not for nothing they call economics the dismal science. Read full article >>   | |
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