Judge for yourself. This is the actual language. Standard And Poors Report. Some highlights. That I think represent the tone and bring out the points the media as usual is missing. My take, S&P reduced the rating because: 1) Recent events in Washington have left S&P doubtful congress can act effectively to deal...
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By any measure this has been a hard and long recession, and many of us are not convinced it is over. Particularly worrisome is the millions of men who have dropped off the face of employment statistics. Men who have just disappeared. No statistic the Federal Government keeps tracks them. If they are working...
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Regional and State Employment and Unemployment Summary (BLS.gov) If you click on the graph to the right and expand or zoom in on Connecticut you can barely see a tiny bit of blue. That blue represents job growth since the MAX jobs lost point during the 2007 Recession as of this past May 2011. ...
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The number of minivans in the school parking lot was a giveaway. The budget passed 181 Yea, to 50 Nay (or something close to that). No drama, no questions. Just the check in and voting. This was the third budget vote and essentially the same budget tax increase and spending wise. The bottom line...
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The U.S. Treasury has been dipping, or as it is also known “disinvesting”, into the G-fund and the Civil Service Retirement and Disability Fund (CSRDF). In a nutshell, since the debt ceiling breach in mid May, Tim Geithner has replaced one IOU (that of the Fed) with another (that of the Treasury) in the...
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The government long ago, (Jimmy Carter time frame) eliminated certain items from the official calculation of the rate of inflation. Specifically food and energy (gas). The graph below calculates inflation with the old formula with food and energy included and compares with the new and improved government approved inflation rate. The data speaks for...
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From the Shadow Stats Website: The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers. The U-3 unemployment rate is the monthly headline...
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Rising Above the Gathering Storm, Revisited: Rapidly Approaching Category 5 http://www.nap.edu/catalog/12999.html Executive Summary A Few Factoids Thirty years ago, ten percent of California’s general fund went to higher education and three percent to prisons. Today, nearly eleven percent goes to prisons and eight percent to higher education.1 China is now second in the world...
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Lee Pacchia of Bloomberg Law interviews Harvey Miller on the new bankruptcy procedures pushed through by congress. Essentially limiting the rights of creditors.
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Late breaking news: Jimmy Carter the former President of the United State and now 3rd World Country Election Monitor is rushing to Bridgeport Connecticut. Says the former President: “Thar be disshunfanized people up thar”. Through a translator the ex-President stated, “It’s a human right for all to express themselves through the ballot box, the...
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Marlborough Unofficial results Foley 1652 Malloy 1280 Ferrill 1446 Merrill 1374 McMahon 1456 Blumenthal 1488 Peckenpaugh 1365 Courtney 1585 Sawyer 2038 Webb 901 Beckett 1602 Cassano 1290 Berkenstock 1650 Kinsella 1228 Wright 1429 Napier 1439 Dean 1448 Jepson 1386 Orchulli 1368 Lembo 1383
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Taxing behavior reduces that behavior. Taxing work causes people to work less. Here’s the punch line from the end of the article: HERE’S the bottom line: Without any taxes, accepting that editor’s assignment would have yielded my children an extra $10,000. With taxes, it yields only $1,000. In effect, once the entire tax system...
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Political Polls are a lot less accurate than they would have you believe. Very rarely are the methods used to obtain the results disclosed. I love the “within the margin of error”. Well not really. The validity of a poll rests on how the statistical model being used actually relates to the statistical sample...
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“Before today, I’d actually never heard of this group,” Rep. Eric Cantor (D-VA) told reporters. “But if Jack says they’re worth my time, I’ll take a look and see if maybe there are some areas where our interests overlap.” WASHINGTON—Citing a desire to gain influence in Washington, the American people confirmed Friday that they...
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From Pam Sawyer Please don’t trust what you see in the latest articles from the Leadership of the Democrats……. Latest Budget Myths Myth: State of CT ended last year with a $450 million surplus. Truth: CT is still facing yearly deficits of more than $3 billion starting next year and beyond. Two days ago...
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Ct Taxes In The News
