From a comment by reader cynthianne comes this image of  ‘keeping things running’:   open comments…

by Juan Cole 13 gigawatts of New Wind power in US in 2012, Renewables Half of all New Energy Michigan voters recently rejected a state constitutional amendment requiring the addition of renewable energy of up to 25% in the future. While the state constitution may have been the wrong place to put it, there does not […]

Last week the Washington Post ran a story on the weaknesses of 401(k) retirement accounts, focusing on the the fact that 1/4 of Americans with 401(k)’s have used them to meet current income needs. Among people in their forties, the share rises to 1/3,  an astounding figure considering how close this group is to retirement. […]

Very sad. He was and is, in my opinion, the best and the brightest.

I hadn’t read Taibbi’s reporting about a jaw-dropping series of events in 2004-05 involving White until just now, when I read his article posted today on the Rolling Stone website, summarizing them.  Call me naive–which is what I’m calling myself–but the article really shocked me.    I wonder who recommended White to Obama. White surely […]

J.W. Mason at The Slack Wire gives us a telling and trenchant analysis of that question: Short answer: They used to, but not any more. The correlation in the U.S. between fixed-capital investment and a) debt levels and b) change in debt levels has been vanishingly small since the late eighties. …in the 1960s and […]

I’ve spent yesterday and this morning saying here that I suspect that Geithner played some role in persuading Obama himself to decide that the Justice Dept. should not do much to investigate whether there was criminal conduct by top execs at the big banks, the big investment banks, and the big mortgage companies–but also saying, […]

BREUER: “If you look at what we and the U.S. attorney community did, I think you have to take a step back. Over the last couple of years, we have convicted Raj Rajaratnam, one of the largest hedge fund leaders. Now, you’ll say that’s an insider trading case, but it’s clearly going after Wall Street.”* […]

Brad DeLong notices the vagaries of the theories of the mooschers class: Now politicians like Paul Ryan who used to say things like: Right now about 60 percent of the American people get more benefits in dollar value from the federal government than they pay back in taxes. So we’re going to a majority of […]