Saturday, May 28, 2011

Thanks, Grover

Amplify’d from www.huffingtonpost.com
Thanks, Grover

If you want to understand the wide gulf between Republicans and Democrats, it comes down to tax expenditures. Tax expenditures are what the common folk might call tax deductions. They are legal deductions that corporations and individuals use to reduce their tax load; seems fair. Well, those tax expenditures amount to $1.1 trillion a year! In some cases, tax expenditures are in the tax code because lobbyists made deals with politicians. In most cases, tax expenditures are in place because at a historical point in time Congress wanted to encourage a sector of the economy (e.g., drill for oil, build homes, buy trucks). The question Congress should now be asking is whether all of those expenditures are as important today, as they were 10 to 40 years ago when they were put in the tax code? The Simpson-Bowles Report answered that question: We do not need many of them anymore. However, Congress cannot ask that question.

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Mind Reader Company Valued At $200+ Million In New Funding Round (video)

An example of brilliance..

Amplify’d from singularityhub.com
Mind Reader Company Valued At $200+ Million In New Funding Round (video)

iBrain can record brainwaves and send them wirelessly to a desktop computer...or a cell phone.

Read more at singularityhub.com
 

Tuesday, May 24, 2011

The over-55s vs. the under-55s

A baby born in 1956 would have graduated from high school in about 1974, from college in 1978 or so. Look at almost any historical chart of the American economy, and you see two sharp breaks in the 1970s. First, in 1974, household incomes, which had been rising since World War II, flattened. Real wages started to stagnate. The poverty rate stopped falling. Health insurance coverage stopped rising. Those trends have continued ever since.

Amplify’d from www.washingtonpost.com
If there was ever going to be a generational war in this country, that high school class of ’74 would be its Mason-Dixon line. It’s the moment when Bill Clinton’s promise—“if you work hard and play by the rules you’ll get ahead”—began to lose its value.
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And the Winner Is ... the Public Sector


Taibbi: ‘U.S. politics – reality show sponsored by Wall Street’


Obsessed with InfoGraphics!