Relevant and even prescient commentary on news, politics and the economy.

Another Fafblog Hit If they keep this up, I can stop writing original posts and just excerpt Fafblog posts and direct my readers over there. See, like this: … Look at Al Gore, and how ANGRY he is over the torturing of Iraqis in American-run prisons. Such rage and pessimism! Look at Michael Moore, and […]

Blotchy O’Reilly From the Washington Post: In kicking off what he called “no-spin coverage” of the issue, O’Reilly began the show by saying that “the Times and other newspapers have been under heavy fire for their misleading headlines, basically saying there was no link” between Iraq and al-Qaeda. As Cole listened from Washington, the program […]

Interest Rates Adding their voices to Kash’s view that interest rates should not be changed are Supply Side advocate Jude Wanninski and Keynesian Economist James Galbraith in a joint Op/Ed in the Sunday Washington Times: One of us is the First Supply Sider. The other is the Last Keynesian. One is Republican; the other Democrat. […]

No to Gephardt A reader emailed me this missive this morning: Please, continue to crusade against Gephardt. Whenever I see him, I immediately feel tired and old. He is sort of a black hole of energy – it vanishes in his presence. I don’t live in MO, BTW. So I guess I’ll share the email […]

Fed Watch The FOMC will be releasing their assessment of monetary policy this afternoon. While it’s virtually a foregone conclusion that they’ll decide to raise the Federal Funds target rate by .25% to 1.25%, a lot of attention will be paid to the wording of the brief statement that will accompany the announcement. Is the […]

Another Blogging Economist Ragout. I’m a bit late in noticing this blog (3.5 months old), but it looks like good stuff, check it out. AB

David Frum violates Canada’s “Professional Political Punditry” Standards Canada is having an election this week and Ira Basen is demanding better campaigns and commenting on “The Spin Cycle”. This piece is directed at former Bush speechwriter David Frum as he opines on the Canadian political scene. Rules #3 and #4 are speak simply to “staying […]

A Symposium on Offshoring Last week, the Brookings Institution held a day-long symposium on the offshoring of services to foreign countries. The list of invited speakers included many of the world’s top trade and labor economists. While the text of the presentations is not yet available, the symposium’s website does link to various excellent background […]

Sec. Powell Should Read Imperial Hubris Condoleezza Rice refused to comment specifically on “Anonymous” because, “I don’t know who Anonymous is.” In an interview with Wolf Blitzer Secretary of State Colin Powell said: I don’t know who he is. I haven’t read his book. I think what we are seeing are an insurgency in Iraq […]

Giblets on Gephardt I can’t add anything to this (except approving laughter): Dick Gephardt. Gephardt would have an amazing pull with loser voters, voters who like losing the House to opposing parties, voters who have a long history of being supported by decrepit and dying labor institutions in failing political campaigns, just people who generally […]