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

The sanctity of contracts…at your convenience

rdan Michael Perelman reminds us of the propaganda involved in selling the way the bailout is happening. Brenda Rosser said in comments… This article appears to be thinly-disguised propaganda. An attempt to sell ‘the regulators’ (like Larry Summers, Geithner and Bair) as having a serious intention to rein in the excesses of the large banks. […]

Too small to help

rdan Too small to help is a pdf of a report by the Student Loan Borrower Assistance Project, and is worth reading.

Any good news out there?

rdan Peter Morici has a take on the economy and measures taken so far. Some Angry Bears do not agree, some do. Anyone willing to tackle the question of good news within the year??

Small blog needs reading

rdan Fire Megan McArdle is a gem that Ken and spencer have been keeping quiet from me. Now discovered. Does cactus know?

TBI is a financial thingee?

rdan TBI is a term many in the States do not understand – still. AP reports: Every soldier who’s gone to war in the past year paused before leaving to take a brain test — basic math, matching numbers and symbols and identifying patterns to measure response time and accuracy. Now that some of these […]

Slow collapse of the wage system is the underlying cause

rdan Just a reminder of reality for the many: But Mr. President what does real prosperity look like? There is a fair amount of talk lately that the severity of the current economic downturn will produce new generation of depression-era babies, people terrified into thrift and frugality by the hard times. The Wall Street Journal […]

State pension systems

rdan Associated Press reports: Massive investment losses sustained by public pension funds are pressuring state lawmakers from New Mexico to New York to spend more taxpayer money to shore up their programs, boost the retirement age for newly hired government workers and seek more from employee paychecks. Pensions need $270 billion in additional contributions over […]

Blogs and money

rdan The Plum Line repoprts: Big Liberal Bloggers Tee Off On Progressive Groups For Not Sharing Ad WealthSome of the leading liberal bloggers are privately furious with the major progressive groups — and in some cases, the Democratic Party committees — for failing to spend money advertising on their sites, even as these groups constantly […]