Felix Salmon

from Ben Walsh:

How generous is Mitt Romney?

Mitt Romney's campaign likes to trumpet its candidate's generosity. The summary of Friday afternoon's docu-dump of Mitt and Ann Romney's 2011 tax returns hailed the couple's "generous charitable donations". They made $13.7 million and donated $4 million, which is impressively described as "amounting nearly 30% of their income".

Counterparties: Apple’s “headaches”

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Can progressive economists join forces with the church?

Last week I was invited to hear Joe Stiglitz talk on “God, hope, happiness, death, suffering, values, grace, and evil” at Union Theological Seminary. With a menu like that, how could I resist?

JP Morgan’s depositors needn’t worry about its gambles

Bill Cohan declares, today, that the money JP Morgan lost in its infamous “London Whale” trades actually belonged to depositors. He’s wrong about that.

What education reformers did with student surveys

Amanda Ripley has a thoroughly (if inadvertently) depressing story in the new Atlantic about the rise in the way in which teachers are evaluated by means of multiple-choice tests given out to students. She says the idea is “revolutionary”:

Counterparties: Mitt overpays to keep his word

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Kickstarter matures

In the wake of my post on Tuesday about the Kickstarter campaign for Lifx lightbulbs, there were two very welcome developments yesterday.

Should banks get to deduct their interest costs?

I’m delighted to welcome Jesse Eisinger to the ranks of people who think it’s high time that we abolished — or, at the very least, significantly curtailed — the tax deductibility of interest. Paul Volcker was an early member; the CBO has been making the case for a while; and Treasury has been very explicitly in favor since February.

Counterparties: A hawk in dove’s clothing

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