Friday, May 3, 2024

2:00PM Water Cooler 5/3/2024

~ Today’s Water Cooler: Politics, pandemics ~

The Geography of EU Discontent and the Regional Development Trap

More and more EU voters are rejecting the Union, as some like to call it. Economic malaise looks to be a big reason why.

Links 5/3/2024

Tony Blair and His Associates Are Waiting in the Wings to Take Back Power in UK

Blair is closer than ever to regaining political power, albeit through a proxy Labour government led by Keir Starmer. The beauty (for Blair) is that he will be able to continue expanding his global political consulting empire at the same time. 

Turkiye Suspends All Trade With Israel in Surprise New Blow; Israel Threatens Retaliation

Turkiye is kicking Israel in a weak spot: its economy. How much might this trade freeze hurt?

Taxing Income from Wealth Can Always Raise More Money Than a Wealth Tax

Why a wealth tax is not all it is cracked up to be, but a well-designed income tax can do a fine job of curtailing wealth disparity.

2:00PM Water Cooler 5/2/2024

~ Today’s Water Cooler: Politics, pandemics, Boeing deaths, Trump nostalgia, news from the encampments ~

After Much Posturing, US Imposes (So Far) Underwhelming Sanctions Against China for Russia Trade

After sending Yellen and Blinken to China to make threats, the Administration has imposed some strikingly weak sanctions

Links 5/2/2024

Oh Deary, Where Did My Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And Suddenly Lots of Talk About “Rate Hikes”

What Fed chair Powell said about rate hikes, no rate cuts, rate cuts, and the QT slowdown while getting rid of MBS entirely

“The True Shocking Driver of Crime in America”

A theory of crime, which while it has some explanatory power, weirdly omits white collar crime.

The Culture of the CIA, a First Look

How the CIA evolved, or depending on your point of view, devolved into what it is today.

2:00PM Water Cooler 5/1/2024

~ Today’s Water Cooler: Politics, pandemics, Trump’s plans, Biden’s polling, jobs numbers, marijuana to Schedule 3, DEA proposes ~

TaxCast #142: Blockchain Havens

How blockchain/crypto tax havens are displacing traditional tax havens.

Links 5/1/2024