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August 13, 2004
Election fodder
NY Times: Report Finds Tax Cuts Heavily Favor the Wealthy. "According to the new report from the Congressional Budget Office, about two-thirds of the benefits from the tax cuts, enacted in 2001 and 2003, went to households in the top fifth of earnings, with an average income of $203,740.
"But the report also gave Republicans support for their contention that tax reduction had brought some benefit to people in almost all income categories."
Posted by eubie at 9:23 PM permalink
Wealth and Happiness
Wall Street Journal: Wealth and Happiness Don't Necessarily Go Hand in Hand "If psychologists had a seat on a government's economic team, they would point out that, once a nation reaches a certain level of prosperity, further economic growth is unlikely to buy additional happiness."
This must be on the minds of many. All this week one of the most emailed articles on Yahoo! Finance has been Millions won't make you happier, an article from Bankrate.com.
Posted by eubie at 8:14 PM permalink
Another blog-only dieter
Rex Hammock of Rexblog is ready to try blogs only for news and information from Aug. 13 to Aug. 22. Steve Ruebel of Micro Persuasion tried it in May/June. Hammock says he will include a news fast during his diet.
Posted by eubie at 7:57 PM permalink
More bad news for print
Seth Godin's Blog: "According to MarketingVOX, online media accounts for 12% of media consumption. That's a stunning rise: one out of eight, up from zero in just ten or so years.
"At the same time, though, they report that online media accounts for just 2% of ad spending."
Continues the sentiment mentioned in Gloomy predictions from Dow Jones.
Posted by eubie at 7:38 PM permalink