A New Bestseller

Posted by Joseph Y. Calhoun, III

Check out #6 on the Washington Post Bestseller list for Non Fiction Paperback:

The Offician SAT Study Guide (Second Edition)
(College Board, $21.99). This revised manual offers 10 practice tests, details on test sections and lots of tips.
» WEEK 10 ON OUR LIST

Have a Little Faith: A True Story
(Hyperion, $23.99). By Mitch Albom. Faith at work in [...]

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Making the Simple Complicated

Posted by Joseph Y. Calhoun, III

According to this story in the New York Times, there is increasing support for a tax credit for job creation:
The idea of a tax credit for companies that create new jobs, something the federal government has not tried since the 1970s, is gaining support among economists and Washington officials grappling with the highest unemployment in a [...]

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Unintended Consequences Part 4,563,121

Posted by Joseph Y. Calhoun, III

Congress and the President are discussing extending the first time home buyer’s tax credit. I wonder how long before they are considering legislation to bail out rental apartment owners? (Via WSJ):
Apartment vacancies hit their highest point since 1986, surging in cities from Raleigh, N.C., to Tacoma, Wash., as rising unemployment continued to chip away at [...]

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Australia Raises Rates

Posted by Joseph Y. Calhoun, III

Australia’s central bank raised interest rates today:
SYDNEY — The Reserve Bank of Australia raised its cash rate target by one quarter of a percentage point to 3.25% Tuesday, making it the first Group of 20 country to start unwinding monetary stimulus.
The hike follows a run of data that has shown the economy continued to recover [...]

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