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Some Janus-y observations at the turns of the year and decade. I apologize for quoting a Facebook status update; it always annoys me when CNN quotes Twitter feeds as if they were news. But this is relevant, I swear. Last week, a friend and colleague of mine whom I have a lot of respect for conceded some political disappointments over the last year in his status update, but concluded that things were basically going in “our” direction. What ever was he talking about? Let’s take stock for a moment. • We’ve just been… Read More
Just a few words on the economic news today because we’re jam-packed with interview material. Iceland, whose economy collapsed when its bubble burst last year, is getting the full IMF treatment. At first, I’d wondered if a Nordic country would get some special ethnic exemption from the typical austerity program, imposed on desperate countries in exchange for loans from the Fund. It hasn’t. On the “advice” of the IMF, the country is raising its sales tax to 25.5%. Low-income taxpayers will get a break on their income taxes as partial recompense, but… Read More