President Obama's health care reform certainly offers progressive benefits as it extends access to health insurance. An economist might ask what it will cost. In today's WSJ, Casey Mulligan has written a pessimistic piece arguing that its costs will be very high. He argues that marginal tax rates will be rising due to this legislation and this will have medium term effects on slowing economic growth. Here is a graph from his paper. Do incentives matter?
After many years of investigations and saber-rattling, the EU has finally charged Google with abusing its search monopoly. The EU's "Competition Commission," the entity behind this process, has also opened an investigation into Google's Android operating system. In the near-term, these actions won't do much. The parties will likely now proceed to court, where they will fight for another few years.
The disconnect between how the earned income tax credit and unemployment benefits are calculated often means that people who didn't work receive a larger credit than those that did, an economist writes.
Jeffrey M. Kaplan submits: As the new year and decade get underway, here are a few of the areas of the cloud computing market which I think will be important competitive battlefields for established and emerging players: