rdan Pujo Committee (1912-13) transcripts at the St. Louis Fed look interesting. In 1912, a special subcommittee was convened by the Chairman of the House Banking and Currency Committee, Arsene P. Pujo. Its purpose was to investigate the “money trust,” a small group of Wall Street bankers that exerted powerful control over the nation’s finances. […]

rdan McClatchy reports: The final installment of a three-part increase in the federal minimum wage is proving to be the most controversial. Two previous wage hikes, one in 2007, the other in 2008, pushed the federal wage to $5.85 and then to the current $6.55 an hour. The third, which goes into effect Friday, will […]

by Bruce Webb Press release from the House Ways and Means Committee dated Saturday July 18th. CBO Scores Confirms Deficit Neutrality of Health Reform Bill Washington, D.C. — The Congressional Budget Office (CBO) released estimates this evening confirming for the first time that H.R. 3200, America’s Affordable Health Choices Act, is deficit neutral over the […]

by Bruce Webb Did you know that the House Tri-Committee Bill HR3200 openly and brazenly outlaws new private individual health insurance plans after Year 1 (now set for 2013)? Well me neither, mainly because it is only not true but in total context absurd. Not quite as absurd as the idea that the Moon landings […]

by Bruce Webb h/t to dKos poster Pronin2. http://www.cbo.gov/ftpdocs/104xx/doc10464/hr3200.pdf New scoring released Friday night shows the ten-year net increase to the deficit from the House Tri-Committee bill down to $239 billion with an actual five year surplus of $44 billion. I guess we will have to see whether the AP and the Republicans cling to […]

by Noni Mausa Dear Journalists — You can Smarten Up Now Oh snap. Once again the papers demonstrate that when it comes todogs, the First Law of Journalism goes right out the window withoutregret or even apparently noticing it. That law? “First, Do Your Homework.” What annoyed me today was an editorial in the NYT, […]

by divorced one like Bush Time for an update on real world business. I posted back in 12/08 about the costs of a flower shop being in a wire service. The costs should matter, as it is what happens when one buys on line from a non-real florist. It is also a lesson as to […]

by cactus The other day I had a post about a book I’m co-authoring; the book is slated to come out in the spring. As I noted then, the book looks at at how a large number of variables – everything from abortion rates to economic growth, evolved over the length of each presidential administration […]