“The concept of country of origin for manufactured goods has gradually become obsolete.” An interesting article in the WSJ on tech supply chains and the problem with a lot of trade statistics. Remember how much of a trade deficit we have? Well apparently the iPhone’s wholesale cost counts towards China’s exports, not ours. Its interesting [...]
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While many if us in Ohio are still getting over Lebrons departure to Miami we gotta start looking to the future and move on. So despite that one quick post on Lebron, well not really him, but rather the economics of Lebron. But before that I will mention that I don’t mind him leaving if [...]
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I was struck recently that people in our country are really good at seperating government they like and ‘big government’. I was up in Maine, in Acadia National Park, which is truly one of the most amazing places I have been. While on several ranger led hikes through the park I got to thinking about [...]
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I was just reading a story about how horrible financially NBA clubs are doing (talking about how empty Clippers game, except when teams that interest expats or provide novelty are in town, included in the high draw were Cleveland). This got me thinking, imagine what the draw in Cleveland would be if we had our [...]
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There was no suspension of his campaign. His surrogates and ads remained on television. Huffington Post bloggers, working the phones, couldn’t find a single McCain campaign office that had gone on hiatus. This “suspension” ruse was an exact replay of McCain’s self-righteous “suspension” of the G.O.P. convention as Hurricane Gustav arrived on Labor Day. “We [...]
Filed under: Economics, Politics | 2 Comments »
This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country. (Describing the results of putting in a gas tax holiday – resulting in increased consumption) I just mentioned the [...]
Filed under: Business, Economics, News, Politics | 1 Comment »
I just heard about this on my drive home today (thankfully while on the subject of gas its only a 5 minute trip), anyway John McCain the presumptive Republican presidential nominee has proposed a summer gas tax holiday, meaning the 18% or so federal gas excise tax would be discontinued for the summer so as [...]
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The campaign has brought up (for Democrats at least) strong language against NAFTA (although you can’t get Hillary or Barrack to say they’d pull out) they do say that they would use the power to pull out to re-negotiate it with Canada and Mexico to include fairer terms (does Canada have a competitive advantage because [...]
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Just got back from a brief but enjoyable trip to London, always enjoy getting to walk around that city and amazing to see how international it is even compared to 10 years ago. Anyway, as you all well know the American economy is struggling under the problems of the sub prime lending problems, and it [...]
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I find Starbucks an interesting company to read about, I’ve talked before about the economics of Starbucks an almost entirely corporate owned empire compared to the fast food empires that tend to be franchises. Well, the newest article of interest on Starbucks I’ve come across is in Slate and discusses the subject of whether Starbucks [...]
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