November 29, 2009
New single speed bike in NYC
yea. Rode this morning with @bikeNYc. Specialized aluminum frame with carbon fiber fork.
November 23, 2009
Do we need to keep arguing that tax cuts drive economic activity directly?
Existing home sales up over 10% in October. Why? The Tax credit. It is a bit like tax crack. Just like the cash for clunkers was for the auto industry, but the direct immediate effect on consumer behavior is measurable and real. I bet those two programs caused more direct economic activity than all the rest of the +$700B hand-out to special interest for “shovel ready” projects that recovery.gov says has had little or no impact. Proponents of funneling money through federal, state and local government to the unions are still trying to defend that saying we will see effects in 2010. Meanwhile 3.1M jobs have been lost since Obama signed that stimulus saying he would save or create 6 m jobs.
Tax cuts and tax credits work to get people spending money. People spending money stops the recession. It is just not that hard guys.
November 9, 2009
Newspaper business continues to erode
Wow, the latest six month trailing stats are devastating for the Newspaper industry. Weekly circulation down 10.6% and sunday down 7.4%. Some papers lost more than 25% of circulation in the last six months. Ouch