Friday, November 11, 2011
Friday, August 12, 2011
Monday, May 9, 2011
During China's 30 years of economic growth, hundreds of millions of factory and urban jobs soaked up surplus rural farm labor. In the past three or four years, he says, that extra labor has been exhausted.
Many analysts predict that China's vast labor force will begin declining in the next year or two, the result of family-planning policies. Others say there's already a shortage of the most active members of the factory floor, workers aged 15 to 34. That group has been steadily declining since 2007, according to Jun Ma, Deutsche Bank's chief economist for Greater China. A shrinking work force will need higher salaries to support an expanding population of elderly.
Under the current thinking, Treasury officials would propose lowering the U.S. corporate rate from the current 35%, among the world's highest, to the upper 20s.
To offset the lost revenue that would come with a major rate reduction, the plan would likely call for reducing or eliminating major business deductions, such as for accelerated depreciation.
But in addition, administration officials have been considering ideas that could result in different tax treatment and possibly higher taxes for some large businesses that are organized as small businesses, according to people familiar with the situation. In particular, small-business representatives worry that the administration will seek to force the largest of those businesses to pay corporate taxes in addition to what they pay now.
Tuesday, April 26, 2011
Monday, April 25, 2011
I like this homepage picture of Winona State University. It has a charming Midwest style: simple, pure, and vigorous.
Wednesday, April 13, 2011
Monday, April 11, 2011
Saturday, April 2, 2011
Tuesday, March 29, 2011
From WSJ. Baloney in the article: They argue that the legislation will drive Mexican workers out of their states, and that there aren't enough American workers willing to pick crops. I think the truth is that these farmers do not want to make less money by paying their fellow unemployed Americans a little bit more wage. So one common-sense solution to our nation's persistent high unemployment is continually cracking down illegal immigrants.
A case that helps explain why our health care cost is so high.
Thursday, March 24, 2011
Saturday, March 12, 2011
Friday, March 11, 2011
Wednesday, March 9, 2011
Barry Eichengreen says that the a significant slowdown in China gorwth is imminent.