Senior economist at the Center for Economic &Policy Research (@ceprdc). Blog-- Beat the Press (@beat_the_press) I'm now at Mastodon @email@example.com
Washington Post tells readers that food stamps cost the government $119 billion last year, but provides zero context to readers as to how important this spending is to the federal budget. Yeah, everyone knew it was 1.9 percent of spending, right?
I'm going to go out on a limb here and look either really smart or really stupid in 48 hours. I'm looking for just 20k jobs in February.
@chrislhayes I have no idea what SVB's books look like, but let's say that their assets would cover 80 percent of deposits. The FDIC can make this assessment and then tell large depositors that they can immediately have access to say, 60 percent of their funds.
@BillAckman @delongB @SVB_Financiali @jpmorganl @Citil , while we have you here begging for a government bailout, can you tell us what you think of student loan debt forgiveness?
I'm not sure if fear of contagion will lead to government bailout of SVB, but we really should be talking about Federal Reserve Banking to end this sort of risk and eliminate much of the waste in out bloated financial system
Scary thought for the evening: The people who are designing AI couldn't figure out how caps on FDIC deposit insurance work.
In honor of the Republicans efforts to screw blue states, NY, CA and other states with high income taxes need to convert to 100 percent deductible employer-side payroll taxes. It's a great way to say "Merry Christmas" to President Trump
Beef prices have fallen back the level they were at when President Biden took office Too bad the media can't find out about this
The reason Trump is asserting, with zero evidence, that health care workers are stealing masks to resell is because that is what he would do in this situaton
Is there some reason @realDonaldTrump can't follow the same conflict of interest rules as all prior presidents?
@JamesSurowiecki Trump tried to overturn a DoD contract for Amazon because he was upset at Jeff Bezos over WaPo coverage, he tried to block the AT&T-Time Warner merger because he was upset at CNN. Can the fake First Amendment types stop playing stupid games over the laptop.