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[macroblog] Odds And Ends -- April 30 Edition: William Polley also looks at the last two quarters and opines "acceptable but not breaking any records."(On the point of looking over the course of several quarters, there is an interesting picture at Economist's View on the seasonal pattern of GDP growth.)  Jim Hamilton likes what he sees in the investment and export stats, but doubts that the rest of the year will be as "rosy." 

 [Shadow Warrior] Harvard Economics Professor Martin Feldstein on... : India has a large opportunity to raise the investment rate, which remains well below Chinese levels even after the recent revisions to the latter's GDP (see chart). The difference in investment rates is the proximate cause of the difference in growth rates between the two economies.

 [Your Lying Eyes] Curry - I Mean Ketchup - With Those Fries?: Technology lets the orders be taken in India or China at costs below the minimum wage and without the liabilities of US employees.My first reaction to this was "well there goes my retirement plans." Actually, the whole article is well worth a read, especially as an antidote to the very kinds of economic analysis he's denouncing.

[ataxingmatter] Capital Gains: Even though the holiday season is upon us and Congress is finally calling it quits for the year without the passage of the expected tax giveaway bill for the wealthy, the relentless campaign of conservative think tanks and trickle-down economists to cut taxes on capital gains and other investment income continues. 

 [TurcoPundit] Foreign Press Review - December 19 2005: FOREIGN PRESS REVIEW (FPR) - ‘Relevant news, views, comments and analysis from all around the world’ Compiled by Þanlý Bahadýr Koç / e-mail : sbahadir@bilkent.edu.tr - Subscribe to FPR

[Hispanic Pundit] Why The Tax Cuts Should Be Permanent: The President’s Advisory Panel on Tax Reform recently proposed that the 15% rate be made permanent and extended to interest income as well. If Congress does not act, the 2003 rule will expire and the rate will rise to 35% in 2008 and even higher in 2010.

[Kennedy v. The Machine] Kennedy Votes to Extend Pro-Growth Tax Cuts: This alliance will be greatly weakened if the Republican Senate fails to come up with a positive vote on investor tax cut extensions. Since it is possible the Senate won’t vote until next year, today’s stock market response to the House vote may be muted.

 [Bluewoods--life on both sides of the Pacific] About Ben Bernanke, the new Fed chief?: Maye asked me to comment on the nomination of Ben Bernanke as the new Federal Reserve Chairman. So I wrote a whole long one before noticing it.

 [Vox Baby] Pass the Spittoon, New York Times Edition: (Read this WSJ op-ed from November 1997 to convince yourself that this pre-dates any association of President Bush with the issue.) The Times has confused cause and effect: it would be more accurate to say that the White House is interested in Social Security reform because Feldstein has been advocating for it.

 [Rgemonitor.com] RGE - Martin Feldstein joins the dollar doomsday cult: By posting User Content to any public or non-public area of any RGE Site, including message boards and forums, You grant the Company and its affiliates the royalty-free, perpetual, irrevocable, sublicenseable (through multiple tiers), non-exclusive right (including any moral rights) and license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, communicate to the public, perform and display the User Content (in whole or in part) worldwide and/or to incorporate it in other works in any form, media, or technology now known or later developed, for the full term of any rights that may exist in such content. You also warrant that the holder of any rights, including moral rights in such content, has completely and effectively waived all such rights and validly and irrevocably granted to You the right to grant the license stated above.

[J-bradford-delong.net] Brad DeLong's Semi-Daily Journal: A Weblog: Social Security Yet ...: Brad DeLong writes writes in favor of federal investment in equity markets in the context of various Social Security privatization proposals. After demolishing some really bad ideas, he says, I would rather see this forced equity savings done not throu...

 [Gregmankiw.blogspot.com] Greg Mankiw's Blog: Feldstein on the Dollar: In an earlier post you state, “Given that national saving is low, I am not eager for the trade deficit to disappear, because that would mean that domestic investment would need to fall to the low level of national saving.” Does this mean that you disagree with Feldstein on the appropriateness of a weak dollar policy in the absence of measures to increase national saving? After all, a weak dollar by itself would tend to reduce the trade deficit without necessarily increasing national saving.

[Press.uchicago.edu] Feldstein, Martin: Behavioral Simulation Methods in Tax Policy ...: Alternative Tax Treatments of the Family: .National Savings, Economic Welfare, and the Structure of Taxation .

[Genericface.com] genericface blog » international economics: The depreciation (I should note that Mr Feldstein never uses the word “depreciate” in his article) of the dollar usually hurts foreign countries moreso than Americans.

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