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

Boring Comment on Kabaservice

Lifted from Robert’s Stochastic Thoughts: Boring Comment on Kabaservice Have I come up with a title less attractive than “Worthwhile Canadian Initiative” ? I certainly don’t expect anyone to read this post. Also I advixe against reading it — it is a waste of time. I am commenting on this NYT op-ed “The Great Performance […]

Class Resentment and the Center-Left, or the Politics of “We Are the 80%”

by Peter Dorman (originally published at Econospeak) Class Resentment and the Center-Left, or the Politics of “We Are the 80%” I’ve just read the suitably downbeat piece by Thomas Edsall about the travails of the Democratic Party in today’s New York Times.  Edsall, citing a recent symposium of political strategists in The American Prospect and […]

My Sources Tell me that in the Closed Session Comey Said he has proof Trump is a Russian agent and a Lizard person

Lifted from Robert’s Stochastic Thoughts: My Sources Tell me that in the Closed Session Comey Said he has proof Trump is a Russian agent and a Lizard person COTTON: “Do you believe Donald Trump colluded with Russia?” COMEY: “It’s a question I don’t think I should answer in open session.” Sen Cotton has a degree […]

The Cost of Climate Change: It’s Not About Psychology

by Peter Dorman   (originally published at Econospeak) The Cost of Climate Change: It’s Not About Psychology You know there are problems with economics when things that are perfectly reasonable in the context of economic theory are clearly absurd once you step out of it.  Case in point: the claim in today’s New York Times […]

Trump Administration’s Infrastructure Plan

Via International Business Times (via RSN): Trump Administration’s Infrastructure Plan Involves Privatizing America’s Assets and Selling Them to Goldman Sachs>/a> President Donald Trump’s administration this week touted an infrastructure plan that would sell off public assets to private financial firms. Left unsaid in the White House promotional materials was any mention that the Trump aide […]

Ted Cruz failed to properly disclose Goldman Sachs loans: FEC

Via Salon, another Goldman Sachs story: Ted Cruz failed to properly disclose Goldman Sachs loans: FEC This has not been a good week for Republican Sen. Ted Cruz of Texas. First he is the butt of a cutting joke by Democratic Sen. Al Franken of Minnesota (who told “USA Today” that “I like Ted Cruz […]