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The Bush tax cuts reduced taxes for everyone. Sure, the top bracket earners got a larger break but they also pay a larger share of taxes across the board. The Democratic presidential candidates are missing the point. The real point is that the number of people at income extremes (top bracket earners and poverty-level earners) is growing and that portends greater social unrest. Sound interesting, check out this short article–The Tax Debate We Should Be Having.
Harvard Business School is celebrating its 100th anniversary. This article notes that despite the usual ups-and-downs befalling impartially ranked-schools, Harvard always manages to stay near the top–and it should because of the self-perpetuating power of reputation, check it out: Happy Birthday HBS!.
Economists usually focus on core inflation, that is, inflation not including changes in the price of food and energy. That fact puzzled me in business school: how can you discount the pricing on staples of life? I was told that since staples were, in fact, necessary items and since their prices were relatively stable, minor fluctuations could be ignored. The problem is, as the following article points out: What happens when those food and energy price fluctuations can’t be ignored? And what if there are no fluctuations, what if the prices are just going up? Check it out:The Great Inflation Cover-Up.
Vanderbilt University started with a $1 million gift from Cornelius Vanderbilt, so it’s only right that the school’s named for him. But I was shocked to see how much money the Rockefellers had given Vanderbilt without any lasting recognition in name, painting, or statute–and that’s kind of a shame: Silent Partner.
Economists talk about multiple pricing strategies. See how one enlightened entrepreneur has tackled the practice at: How Hard Could It Be: A Real Cool Customer.
Who wouldn’t like to have more free stuff for your office?
I believe in recycling–even myself. Don’t pump me full of preservatives and put me in a concrete vault. When I go, you can call me an “alternative” kind of guy–toss and rot to give new life, I say: Alternatives for the Final Disposition
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