Posts filed under “Taxes and Policy”
From Friday’s WSJ:
"Mounting concerns about global energy supply are fueling a drive by the
oil industry and some U.S. lawmakers to end longstanding bans on
domestic drilling put in place to protect environmentally sensitive
Increasing U.S. oil production would require overturning
decades-old moratoriums that limit offshore drilling and accelerating
leasing of federal lands, moves that would trigger a swift and vigorous
political backlash. Still, as gasoline prices continue to climb and
squeeze household budgets, the momentum appears to be gaining to open
up new areas."
Now, what about raising CAFE standards?
Oil Industry, Lawmakers Aim To Lift Bans on Drilling
Fears Over Supply Drive Push to Enter Protected U.S. Areas
RUSSELL GOLD BEN CASSELMAN and STEPHEN POWER
WSJ, May 23, 2008; Page A5
Another good Friday on CNBC — excellent guests, discussing real issues, and in great detail.
Like the interview two weeks ago with David Einhorn and William Ackman, this shows how good finacial television can be when a smart guest discusses weighty topics with sufficient time to go into details beyond bumper sticker.
I don’t think the videos have as much Walker as they did on TV . . .
Discussing the state of private equity, with Pete Peterson, The
Blackstone Group chairman/co-founder and David Walker former U.S.
Perspectives on the economy, with Pete Peterson, The Blackstone
Group chairman/co-founder and David Walker former U.S. Comptroller
Video: David Einhorn, Greenlight Capital, William Ackman, Pershing Square Capital
We have previously reviewed the Uncle Sam’s withholding tax data as a read into the overall health of the economy. The most recent data point (March 13) shows W/H tax reaching a 23 month low. But we don’t like to rely on any single data point, especially one from a volatile series. Instead, look at…Read More