The latest Marquette Law School poll shows Scott Walker with 47 percent of likely voters, and Mary Burke with 47 percent of likely voters. Despite the last Marquette poll showing Walker up five points, the new poll, along with the polling average, shows this is very much a race. — Paul Waldman, the Washington Post, this evening […]
The Big Marquette Law School Walker/Burke Poll Coincidence
International Debt and Financial Crises
by Joseph Joyce (re-posted from Capital Ebbs and Flows) International Debt and Financial Crises The latest issue of the IMF’s World Economic Outlook has a chapter on global imbalances that discusses the evolution of net foreign assets (also known as the net international investment position) in debtor and creditor nations. The authors warn that increases […]
Dow pricing in future disappointments
Dow Jones stock index continues downward. Why? The future will be disappointing. So these future disappointments are already being priced in. Why wait for the bad data? We know its coming. Europe is in trouble. China is slowing. Oil prices are going to low for many producers. Retail sales are weak due to capital income […]
It’s long, long, LONG past time for Congress to restructure the Judicial Misconduct Complaint mechanism so that it’s no longer a comically flagrant sham designed and controlled completely by members of the federal judiciary. Really. It’s long, long, long, long past time.
Yes, folks. This really is what happened. And were that not such a high-profile matter because the conduct at issue occurred very publicly and was reported in the news media, the misconduct-complaint process never would have gotten beyond the mechanical first step. I’ve mentioned before here at AB that every time there is a movement […]
Open thread Oct. 14, 2014
Try THIS, Michelle Nunn ….
Dem Senate candidate Michelle Nunn is up with a new ad that contains footage of GOPer David Perdue telling a local TV station that he is “proud” of his outsourcing past. This footage could prove especially potent in a state with such high unemployment, but Nunn trails Perdue by nearly four points in the polling average, which is […]
Sometimes, though, the Supreme Court refuses to hear a case that it SHOULD refuse to hear
Today’s example.
The appalling failure today of Sonia Sotomayor, Elena Kagan, Stephen Breyer, Anthony Kennedy, John Roberts and Samuel Alito [Updated]
This speaks for itself. I’m sure that Kennedy, Roberts and Alito call this ‘freedom’. I won’t guess at what Sotomayor and Kagan call it. But what Breyer calls it, or should, is conflict of interest. Back when Breyer was lead counsel for the Senate Judiciary Committee, he helped draft the Federal Sentencing Guidelines—a really appalling […]
Market Discipline leads to a Better Economy
Paul Craig Roberts says, “All the discipline is gone.” (Boom-bust video at 8-minute point) He is referring to the corrupt environment of deregulation that led to larger and larger banks with “untouchable” power. He gives the example of “National Branch Banking” that developed in the late 80’s. Banks were given incentives to siphon savings from […]