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

I Do Not Think "Tool" Means What You Think It Does

Dear Brad, Do you want to reconsider the title of this post in the context of this article? An examination of Mr. Geithner’s five years as president of the New York Fed, an era of unbridled and ultimately disastrous risk-taking by the financial industry, shows that he forged unusually close relationships with executives of Wall […]

Clearly a Commie-Symp Terrorist

Who said: The United States participated actively and effectively in the negotiation of the [1984 UN Convention on Torture] . It marks a significant step in the development during this century of international measures against torture and other inhuman treatment or punishment. Ratification of the Convention by the United States will clearly express United States […]

Peter Dorman of Econospeak Writes, So I Don’t Have To

I’m just going to “Go Thoma” on him, since I can’t find anything to cut: Barack Obama tells us we should not investigate American intelligence agents or their overlings who are responsible for torturing hundreds of suspects in their custody. We have to forget about the past, he says, to concentrate our attention on the […]

A Civil Libertarian is a Congressperson who got Wiretapped

Greenwald on Harman. Read the whole thing. Sample: when the U.S. Government eavesdropped for years on American citizens with no warrants and in violation of the law, that was “both legal and necessary” as well as “essential to U.S. national security,” and it was the “despicable” whistle-blowers (such as Thomas Tamm) who disclosed that crime […]

Yankee Interlude

I’m not really paying attention to (major league) baseball this year, so I should probably leave this to Scott, but, as a query: For all team that was supposed to have had a major improvement in its middle relief this year, the Yankees appear to have given up a large number (>=7) of runs in […]

I’ve Got the Under on S/h/e/a/ C/i/t/i/ Taxpayer Field

So the brilliant NFL has “solved” the Yom Kippur problem, moving the starting time for the Jets-Titans game to 1:00p.m. Which means that, with luck, the game ends around 4:00—probably closer to 4:15.* It appears that sundown on 27 September 2009—from which time one is expected to fast for 24 hours, so any eating better […]

And Here I Thought Corporations were Rational

Ken Houghton lowers the level of discourse at AB by discussing the career of a porn star other than Adam West. One of the primary tenets of economic theory is that corporations believe in nothing other than profits. Well, it’s not quite that stark—we use phrases such as “utility maximization,” “cost minimization,” and the like—but […]

PSA: A Good Reason to Watch the NYSE Closing Bell Today

One of my favorite charities, StreetwisePartners, is ringing the closing bell. For those who aren’t loyal watchers of business news channels, you can watch the event live via this link. Those who live or work in or near one of the city’s where the program is offered (currently, NYC; Jersey City, NJ; and Washington, DC) […]