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400 Richest Americans Got Richer This Year, As Most Americans' Net Worth Tanked: Forbes - 3 views

  • The richest Americans got even richer this year, according to the new Forbes 400 list, even as the country's total net worth tanked during the second quarter. The top 400, all of whom are worth at least $1 billion, saw their combined wealth increase 8 percent this year, to the dizzying total of $1.37 trillion, according to analysis from CNN.
  • This means the 400 richest people in America account for about 2.6 percent of the nation's private wealth
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    What's happening to income distribution in America during the recession? 
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Nouriel Roubini - What America needs is a payroll tax cut - 2 views

  • The administration knows that it needs to fashion a revenue-neutral fiscal stimulus that increases labor demand and consumption. Its proposal to make permanent a research and development tax credit that dates to the 1980s, and then to enact a temporary investment tax credit allowing firms to write down capital investments at 100 percent of cost, are welcome -- but too modest a cure for what ails the economy. A much better option is for the administration to reduce the payroll tax for two years. The reduced labor costs would lead employers to hire more; for employees, the increased take-home pay would boost much-needed economic consumption and advance the still-crucial process of deleveraging households (paying down credit card debt and other legacies of the easy-credit years).
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    Roubini says cut payroll tax to relieve households and encourage hiring.
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Because Every Country Is The Best At Something - 17 views

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    Useful chart to demonstrate Specialization and how every country is good at something.  
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    It is very interesting. I posted on my blog at http://valuingeconomics.blogspot.com on Thursday. As I said there, I'm not sure some of those "specializations" are something a country would necessarily be proud of - or something they could "trade." But it is a good example of how every country is "good" at something.
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David Ranson: The Revenue Limits of Tax and Spend - WSJ.com - 0 views

  • President Obama's fiscal 2011 budget, the Congressional Budget Office (CBO) estimates a deficit that starts at 10.3% of GDP in 2010. It is projected to narrow as the economy recovers but will still be 5.6% in 2020. As a result the net national debt (debt held by the public) will more than double to 90% by 2020 from 40% in 2008.
  • They do not include deficit spending resulting from the new health-insurance legislation. The revenue numbers rely on increased tax rates beginning next year resulting from the scheduled expiration of the Bush tax cuts. And, as usual, they ignore the unfunded liabilities of social insurance programs,
  • "Hauser's Law," as I call this formula, reveals a kind of capacity ceiling for federal tax receipts at about 19% of GDP.
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    We can never collect more than 20% tax rate
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Wolfram Alpha - 1 views

shared by Michelle Ruffle on 13 May 10 - Cached
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    I am not sure if this has been mentioned before, but Wolfram Alpha is a great website for finding economic and other data. Wonderful charts and diagrams that aggregate information, compare and contrast, etc. It is really worth a look.
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Draw Anywhere - easy online diagramming, flow chart - 5 views

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    draw anywhere online diagrams
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Cutthroat Capitalism: The Game - 8 views

  • ou are a pirate commander staked with $50,000 from local tribal leaders and other investors. Your job is to guide your pirate crew through raids in and around the Gulf of Aden, attack and capture a ship, and successfully negotiate a ransom.
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    You are a pirate commander staked with $50,000 from local tribal leaders and other investors. Your job is to guide your pirate crew through raids in and around the Gulf of Aden, attack and capture a ship, and successfully negotiate a ransom. Read More http://www.wired.com/special_multimedia/2009/cutthroatCapitalismTheGame#close=1#ixzz0kUiJh4q1
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Businesses scared off by California go global - Sacramento Business, Housing Market New... - 0 views

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    Entrepreuneur moving business out of CA to China over gov regulation
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BREAKING: Comprehensive List of Net Tax Hikes in Health Reconciliation Bill - 0 views

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    All of the tax hikes as a result of the health care reform of 2010
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Google - public data - 8 views

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    Uses econ data (among others) to show how different regions of the world have changed over time. Uses Gapminder technology to set graphs and charts in motion.
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    This is great. I'm glad Google is putting some effort into developing the Gapminder software. The OECD Quality of Life indicators look like a great way to dive in Macroeconomic indicators.

Google - public data - 0 views

started by Tim Schilling on 13 Mar 10 no follow-up yet

Some Interesting Resources - 4 views

started by Tim Schilling on 01 Mar 10 no follow-up yet
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Obama's 2011 Budget Proposal: How It's Spent - Interactive Graphic - NYTimes.com - 9 views

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    Interactive graphic that can be used to have students try to trim the budget just like they are discussing in real-life. Also interesting to see what areas are being cut and what areas are being added to.
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Tim Woods' IB Economics Site - 7 views

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    This is my own site that I've made for my students. It contains links to good resources (videos, flash lessons, etc.) that they can use to supplement their in-class learning and the homework I give them. The resources are all student-friendly and grouped according to the IB units.
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PBS Teachers | Access, Analyze, Act: From Economic Theory to Financial Reality - 9 views

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    Great group of lesson plans, resources, and even widgets for a blog/wiki.
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    FYI---Link appears to be broken...:(
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    This is the working link - http://www.pbs.org/teachers/access-analyze-act-economy/ I don't know what happened the first time around. Thanks for letting me know Gene
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Interactive Unemployment Graph.... - 10 views

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    Shows in real time the change in unemployment across the country since the start of the recession. Also a neat addition---you can select up to 5 states and compare the changes in unemployment on a line graph next to the interactive graph...
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Graphic on change in Market Capitalization of major companies in last 10 years.. - 2 views

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    Graphic on change in Market Capitalization of major companies in last 10 years AND where those companies are located...nice illustration of "Creative Destruction"...
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