Highest Corporate Tax Bill in U.S. History? $30B
Sunday, June 6th, 2010 Posted in Uncategorized | No Comments »WSJ: Exxon Mobil Corp. posted the highest quarterly results in U.S. corporate history on the back of record oil prices. Exxon's annual after-tax profit of $40.6 billion was a record, exceeding the $39.5 billion it earned in 2006 (see ...
The World According to Newspapers
Sunday, May 30th, 2010 Posted in Uncategorized | No Comments »The UK's Online Journalism Blog features maps that show the world in 2007 through the eyes of editors-in-chief. The larger (smaller) the country on the maps, the more (less) media attention. See the world according to London's The Sun ...
Psychology is the Joker in Economy’s Deck of Cards
Tuesday, May 25th, 2010 Posted in Uncategorized | No Comments »From Time Magazine, December 2, 1957 issue: The uneasy sign in the nation's economic picture is not the statistical droop but the mood. If too many consumers postpone purchases out of worry, shrinkage in sales may bring on a ...
There’s Hope For the US Dollar: Comeback Ahead?
Thursday, May 20th, 2010 Posted in Uncategorized | No Comments »Using mid-December exchange-rate data from FT.com, the chart above shows the one-year forward discount or premium for the US dollar vs. the Euro and British Pound in 2005, 2006, and 2007. Note that two years ago, the USD was ...
In Euros and UK Pounds, Oil Prices Aren’t That Bad
Saturday, May 15th, 2010 Posted in Uncategorized | No Comments »Rising oil prices, measured in dollars, get all of the media attention, largely because oil is priced and sold in dollars in world oil markets. What has gotten much less attention is the price of oil in other currencies like ...
