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

Finance moves transportation bill–revenue sources at issue

by Linda Beale Finance moves transportation bill–revenue sources at issue Senate Finance committee approved on a 17-6 vote the transportation financing proposal (13 Dems and 5 GOP voting yes; the GOP were Snowe, Crapo, Roberts and Thune).The GOP –Jon Kyl a favorite spokesperson–claimed that the Committee’s rush had “lost the opportunity to have a truly […]

"The Treadmill and the Poor Law are in full vigour, then?”

by run 75441 “The Treadmill and the Poor Law are in full vigour, then?” A Christmas Carol, Charles Dickens “That’s Baloney” stated Rep. Micky Hammon, R-Decatur, Alabama; the immigration bill cosponsor, told the Huntsville Times. “It’s clear the study over estimates the negative and under estimates the positive to skew the result toward an agenda,” […]

Unfounded Obsession With the Greek Minimum Wage

by Rebecca Wilder Unfounded Obsession With the Greek Minimum Wage The Greek minimum wage is apparently a point of contention between the Troika (ECB/EU/IMF) and the Greek government. The NY Times cites competitiveness gains as a rationale for the minimum wage cut: The goal of any pay cuts would be to help make Greek workers, […]

First take on AG agreement on foreclosure

Naked Capitalism posts today on the AG agreement in Settlement Breakdown by State Plus Other Official Propaganda: This agreement is very significant in how it addresses the fraud that these banks committed against many homeowners across our state,” said ___.“ This agreement not only provides much needed relief to (STATE) [Ha ha, fill in the […]

Wired’s Embarrassing Whitewash of Foxconn

Yves comments on Wired’s Embarrassing Whitewash of Foxconn : But Johnson admits he’s a tech toy writer who apparently has no knowledge of manufacturing …. Yet he’s remarkably uninhibited in using his fantasies and abject ignorance as a basis for making sweeping generalizations about the Taiwanese powerhouse.…I find this little chart (hat tip Richard Smith) from […]

Blast from the past…old funding dies hard

This article caught my attention mainly because I hadn’t heard much about the court battles on terminating funding for the A-12 because I thought it was done. But the inability of DOD to submit documentation that might justify that the A-12 was not viable due to classified and secret information and specs made an impression […]

LES MISERABLES: SOCIAL SECURITY

by Dale Coberly LES MISERABLES: SOCIAL SECURITYJavert And Evil From a message from the National Consumer Law Center (reference msaunders@nclc.org): “It’s perfectly fine for a person who failed to pay their child support to end up penniless and living in their car, and to die that way.” – High Ranking U.S. Treasury Official, in response […]

Participants dropping out at astounding rate

Mish at Global Economic Analysis says it loud and clear as well as Mike Kimel and Ken Houghton here at Angry Bear: I will stick with what I have said on many occasions “People are dropping out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low.” The reason is […]

The Secret Money is Shifting to 501c4s

Rick Hasen at Election Law Blog instructs us on super pacs and 501c4s: These days, I probably spend more time speaking to reporters (from as far away as Brazil and Italy) about Super PACs than about any other election law subject. There is a lot of misinformation floating out there about what Super PACs are, […]