Bizzy’s AM Coffee Biz-Econ-Life Links (040506)

Free Links:

• Delta Pilots Have Voted to Strike — They may also be voting to liquidate the company.
• The Government Will Auction Drilling Leases in Utah — The article notes that “The Southern Utah Wilderness Alliance accused the Bush administration of rushing to open more public lands for drilling to buoy domestic energy supplies.” And their point is?
• Mass Layoffs Are at Their Lowest Level in 11 Months.
• People Are Way Too Confident about Being Secure in Retirement — unless they plan on continuing work well into their supposed retirement years.
• Sarbanes Oxley may be responsible for the recovery of Europe’s capital markets — “According to the latest figures, Europe attracted nearly six times as many overseas IPOs than the US, in terms of volume, and more than three times in value. The 603 new listings on European markets were up more than 39 per cent on the 433 that listed there in 2004. The US figure fell from 236 to 205. It’s still early days, but if the trend continues it will put even more pressure on regulators to fix the problem.” Let’s hope so.
• TaxProf Blog notes a Government Accountability Office (GAO) report that tax preparers make big errors. PDFs of the report and a one-page summary are linked there. This is simply more proof that income tax law is simply too complex.
• More evidence that federal spending is out of control (HT Americans for Propserity) — “The federal government is currently spending 20.8 cents of every $1 the economy generates, up from 18.5 cents in 2001, White House budget documents show. That’s the most rapid growth during one administration since Franklin Roosevelt.”