Invest 90
Invest 90 was reborn today, and people living along the Northwestern Gulf in Western Louisiana and Texas should start keeping an eye on it. It is currently by the western tip of Cuba headed towards the northwest.
July 26, 2011 Comments Off on Invest 90
How’s That Austerity Working Out?
The BBC reports that UK GDP figures show slower growth of 0.2%
Growth in the UK economy slowed in the three months to 30 June, partly because of the extra bank holiday in April.
Gross Domestic Product (GDP) grew by 0.2% in the second quarter, according to the Office for National Statistics, down from 0.5% in the previous quarter.
The ONS said growth had also been slowed by some other one-off factors, including the Japanese tsunami.
Chancellor George Osborne said the growth was good news, but Ed Balls accused him of choking the recovery.
About that “extra bank holiday” – that was the wedding. Are they really trying to convince people that the wedding didn’t generate more economic activity than a run-of-the-mill Friday? Are they really attempting to convince people that the wedding wasn’t a major plus for the UK economy? That wedding was probably the only reason the quarter wasn’t negative.
Austerity is not the way out of a recession, and never has been.
July 26, 2011 6 Comments
The Airlines Ate The Tax Break
I mentioned that Congress failed to authorize the FAA to continue to collect its user fees, and that ticket purchasers would see lower prices. I failed to consider the greed of the airlines, who raised prices the amount of the tax break.
When Congress decides to do its job, the airlines will blame the “price increase” on the government.
July 26, 2011 Comments Off on The Airlines Ate The Tax Break
