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Gross domestic product not so gross
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Tag Archives: economic analysis
China’s "Baby Bear" economy
Jacobsen on Bloomberg TV’s "In the Loop"
Summer vacation for job creation
June nonfarm payrolls expanded by 80,000 and the unemployment rate held steady at 8.2%. There are still 12.7 million people classified as unemployed, with 41.9% of them being unemployed 27 weeks or longer. In the first quarter of 2012, the average payroll gain was 226,000 per month. The second quarter averaged a mere 75,000 per month. It seems as though job creation has effectively taken the early summer off.
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A tax or not a tax, that is the question
~ Under the Affordable Care Act (ACA), individuals who choose not to buy health insurance in 2014 or after will need to make a “shared responsibility payment,” which is called a “penalty” in the ACA.
~ While I agree with most of the Court’s holdings, I do not agree with the finding that the penalty is a tax and is therefore constitutional.
~ In my opinion, the Supreme Court’s ruling on the ACA is unfortunate, as it could legitimize less transparency in legislating rather than more…. Continue at source: