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Latest blog posts from The Bridge

A Bridge Correction: More on the Look-Thru Rule that Benefits China and the Multinationals
The author of that piece(see below) is Todd B. Reinstein of the Pepper Hamilton Law Firm...Here is link to that article http://www.pepperlaw.com/pepper/publications_update.cfm?rid=983.0 Thanks and sorry about that, DrTed Read more...
Published 3 hours ago

ALL MATERIALS IN THIS NEWSLETTER/BLOG ARE PRESENTED WITH THE APPROPRIATE COPYRIGHT PERMISSION
(From the CBO website)   “The information and documents that are available through our Web site generally were created by our employees in the course of their employment at CBO and, as such, are works of the government and are not protected by copyright law. They may be copied and distributed... Read more...
Published a day ago

THE SENATE BAILOUT PLAN: THE GOOD, THE BAD, AND THE UGLY by DrTed
 THE GOOD:  I believe that a federal bailout plan was necessary.  As Congressman John Yarmuth stated (see his open letter)              “I have spoken with many Louisville business owners, and across the board,      they told me if action was not taken immediately they would... Read more...
Published a day ago

BIG WINNERS IN THE BAILOUT PLAN: U.S. MULTINATIONALS AND CHINA (Thy should give McConnell et al. big bucks for this victory.) by DrTed
  In the fine print of the Senate bailout plan were these words: “Extension of look-thru rule for related controlled foreign corporations.”  I bet that only a few of you know what the look-thru rule means.  Well, you should.  It helps ship American jobs overseas, with benefits for... Read more...
Published a day ago

U.S. CORPORATIONS WERE HOARDING MONEY AT RECORD LEVELS: WERE THEY EXPECTING AN ECONOMIC MELTDOWN?(info from Rae Shepherd-Shlechter)
(from CFO, The Magazine for Senior Financial Executives, Sept 2006 v22 i10 p20 (1)).   “U.S. companies continue to hoard record levels of cash. And over the next 12 months, most don't plan on changing that practice, according to a survey released in July by the Association for Financial... Read more...
Published a day ago

MITCH MCCONNEL AND THE TAX BREAK SWEETNERS IN THE SENATE BAILOUT PLAN by DrTed
Nearly (if not) all of the tax provisions in the Senate’s bailout out came from the McConnell, Kyl, and Hatch substitute amendment to the S. 3098 the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.    The cost of the projected McConnell et al. amendment runs into the hundreds... Read more...
Published a day ago

THE CONGRESSIONAL BUDGET OFFICE DELINEATES THE THREE COMPONENTS TO THE SENATE’S BAILOUT ACT
 from http://www.cbo.gov/ftpdocs/98xx/doc9852/hr1424Dodd.pdf   “The Congressional Budget Office (CBO) has reviewed the financial rescue legislation to be considered by the Senate.1 That legislation contains three separate parts; the bill refers to these three components as “divisions.”... Read more...
Published a day ago

THE ESTIMATED COST TO YOU OF THE SENATE’S BAILOUT ACT from THE CONGRESSSIONAL BUDGET OFFICE (CBO) website
  “The CBO expects that the Treasury would use most or all of the $700 billion in purchase authority within two years (after which the authority to enter into agreements to purchase various troubled assets would expire). To finance those purchases, the Treasury would have to sell debt to the... Read more...
Published a day ago

CONGRESSMAN YARMUTH ISSUES OPEN LETTER ON RECOVERY BILL
IMMEDIATE RELEASE Friday October 3, 2008   MEDIA CONTACT Stuart Perelmuter 202.225.5401  ( Washington , DC ) Congressman John Yarmuth (KY-3) released this open letter to Louisville constituents following his vote for the Emergency Economic Rescue Plan, which was signed into law today.   Dear... Read more...
Published a day ago

PRESS RELEASE ON THE BAILOUT FROM THE NON-PARTISAN CENTER FOR ECONOMIC AND POLICY RESEARCH(Courtesy of David Anderson)
For Immediate Release: October 3, 2008Contact: Alan Barber, (202) 293-5380 x115Statement on Congressional Approval of BailoutBy Dean BakerThis is the first time in the history of the United States that the  president has sought to provoke a financial panic to get legislation through Congress.... Read more...
Published a day ago