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"This is just the beginning."

China is now the world's second-largest economy.
posted by knave on Aug 16, 2010 - 70 comments

The phrase ''Banana Republican'' comes to mind

I.M.F. Report Says U.S. Deficits Threaten World Economy
With its rising budget deficit and ballooning trade imbalance, the United States is running up a foreign debt of such record-breaking proportions that it threatens the financial stability of the global economy, according to a report released Wednesday by the International Monetary Fund. Prepared by a team of I.M.F. economists, the report sounded a loud alarm about the shaky fiscal foundation of the United States, questioning the wisdom of the Bush administration's tax cuts and warning that large budget deficits pose "significant risks" not just for the United States but for the rest of the world. The report warns that the United States' net financial obligations to the rest of the world could be equal to 40 percent of its total economy within a few years--"an unprecedented level of external debt for a large industrial country," according to the fund, that could play havoc with the value of the dollar and international exchange rates.
From The Brookings Institute: Sustained Budget Deficits: Longer-Run U.S. Economic Performance and the Risk of Financial and Fiscal Disarray (Full Report PDF)
posted by y2karl on Jan 8, 2004 - 60 comments

Are we sending our $300 rebate checks right back this year?

Are we sending our $300 rebate checks right back this year? According to MIT economist and New York Times writer Paul Krugman, line 47 of the 2001 1040 will be designed to do just that. NYTimes.com so you know the drill u:metafilter p:metafilter.
posted by McBain on Feb 22, 2002 - 40 comments

"What is your name? Do you have a claim against me? Does anyone have a claim against me? I demand, or request, that the order of the court be released to me immediately."

"What is your name? Do you have a claim against me? Does anyone have a claim against me? I demand, or request, that the order of the court be released to me immediately." (NYT link) 12 Michigan (natch) nutcases shout the same four questions over and over during their fraud, conspiracy, and tax evasion trial. Seems they believe the four questions shield them from government authority. They also believe the U.S. Constitution was invalidated when FDR took us off the gold standard, and the federal government has no power over them. I wonder if they'll come to feel differently after a few years in the federal penitentiary?
posted by pardonyou? on Dec 13, 2001 - 43 comments

"retail spending soars in october (nytimes)."

"retail spending soars in october (nytimes)." huh? frankly, i've cut my spending by about 60%. is anyone really shopping more, or is this a spin job?
posted by patricking on Nov 14, 2001 - 16 comments

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