24 June, 2015 by The TZ Newswire Staff Comments Off on Keynesians should have supported the 2014 Japanese tax increase
Keynesians should have supported the 2014 Japanese tax increase
Perhaps because the recent recession was so deep, many people seem to have forgotten the distinction between cyclical and long run issues. Aggregate demand policies are important in certain respects, and you’d be hard pressed to find any blogger who has complained more than I have about AD shortfalls. But nonetheless AD is a cyclical problem, a short run problem. AD can’t fix structural unemployment, and it has nothing to do with income inequality. It also has nothing to do with big government.
24 June, 2015 by The TZ Newswire Staff Comments Off on Marathon bomber Tsarnaev apologizes at sentencing
Marathon bomber Tsarnaev apologizes at sentencing
The public got to hear directly from Tsarnaev, who was formally sentenced to death for his role in the 2013 attack.
24 June, 2015 by The TZ Newswire Staff Comments Off on Viral Video Star Bobby Jindal Wants To Take His Skills To The White House
Viral Video Star Bobby Jindal Wants To Take His Skills To The White House
24 June, 2015 by The TZ Newswire Staff Comments Off on How Draghi shifted ECB crisis tactic amid Greek brinkmanship
How Draghi shifted ECB crisis tactic amid Greek brinkmanship
Mario Draghi can’t afford to play by the same crisis rules as the European Central Bank did in the past. This time, Greece’s appetite for brinkmanship has so far left the ECB president dependent on Europe’s politicians to deliver the ultimatums, while policy makers have reluctantly kept Greek banks afloat.
24 June, 2015 by The TZ Newswire Staff Comments Off on Stocks edge lower as optimism about a Greece debt deal fades
Stocks edge lower as optimism about a Greece debt deal fades
U.S. and global stocks headed lower Wednesday as negotiations between Greece and its lenders drag on and investors become less hopeful that a deal will be reached soon. KEEPING SCORE: The Dow Jones Industrial …
24 June, 2015 by The TZ Newswire Staff Comments Off on Massachusetts’ first slots parlor ready for action
Massachusetts’ first slots parlor ready for action
The start of casino gambling in Massachusetts kicked off Wednesday as the state’s first slots parlor, Plainridge Park Casino, officially opened for business to a large and eager crowd of gamblers. Hundreds …
24 June, 2015 by The TZ Newswire Staff Comments Off on Trader whose fraud cost UBS $2.3 billion freed from prison
Trader whose fraud cost UBS $2.3 billion freed from prison
A former UBS trader convicted of a fraud that lost the Swiss bank 1.4 billion pounds ($2.3 billion) has been freed from prison after serving about half his seven-year sentence. Ghana-born Kweku Adoboli …