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Author Archives: Jorge Costales
Why inflation means relief for taxpayers
WSJ Tax article —————————————————————— Why Inflation Means Relief For Taxpayers Adjustments to Exemptions, Brackets for 2009 Will Benefit High-Income Filers the Most SEPTEMBER 17, 2008 By TOM HERMAN No matter who wins the White House, most taxpayers can look forward … Continue reading
The Evolution of a Political Talking Point
Genesis of an attack and rebuttal: McCain ad attacks Obama as voting for a bill which teaches sex education to kindergartners. Obama denies it and asserts that the bill was intended to inform kindergartners about inappropriate touching. Talking points are … Continue reading
Wall Street’s Crisis, More Bubble Wrap Than Balloon
I keep hearing that the credit bubble has popped. But since there is a lot of popping going on, it’s time to shift the metaphor from a balloon to bubble wrap. Perception: The recent Wall Street crisis is attributable to … Continue reading
Tagged Economics
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Role of Fair Value Acg in the Subprime Meltdown
The problem is summarized by Peter Wallison of AEI: When the dotcoms were in vogue, the assets of securities firms and other equity intermediaries were inflated, just as, more recently, rising housing values made banks and other mortgage lenders look … Continue reading
Tagged Accounting, Economics
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Microsoft Stock Buyback – What Does It Mean?
A WSJ article notes that Microsoft is planning to buyback $40 billion dollars worth of its stock. Why do companies do that? The basics: Once reacquired, the stock becomes treasury stock unless retired by the company, which was not noted … Continue reading
September 13, 1961– Personal Freedom Day
Click on image to enlarge Thank you USA Gracias Ela y Adolfo Below, a camera captures my first glimpse ofRonald Wilson Reagan
Posted in Random Observations
Tagged Adolfo Costales, Ela Costales, Inspirational, Ronald Reagan
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Palin survival odds increasing – Rod Serling
OK, I know Rod Serling’s been dead since 1975, but the whole Palin thing has been so strange, he seems best qualified [although his Foreign policy credentials were notoriously weak] to comment on it. I keep expecting a very negative … Continue reading
Posted in Current Affairs & History
Tagged Rod Serling, Sen. Pat Moynihan, Tim Russert
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Old Policy Disputes Disguised as Compassion
If our Cuban-American community is to show maturity on the issue of how to respond to the train-wreck of a government and coming changes in Cuba, I would think less, not more, emotion would be a goal. Yet, in response … Continue reading
Judge Cohen Punts Even When She Rules
I am glad that the stadium plan cleared this hurdle, but … I had an earlier post which speculated on whether a judge could recuse themselves due to an election. But now, safely reelected, you would think that Judge Cohen … Continue reading
Posted in Marlins Ballpark & Finances
Tagged Judge Jeri Beth Cohen, Marlins Ballpark Trial, Sarah Talalay
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Real poverty and those who fight it
Hint: It would include no one advocating a greater role for government in the life of the poor. Those types may be well-intentioned, but the goal of eliminating poverty is fundamentally at odds with the need to establish constituencies — … Continue reading
Posted in Business & Economics
Tagged Hindu caste system, India, Micro-lending, Muhammad Yunus, New York Times
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