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

Serious Question, Janet Yellen Edition

In spite of a sustained lack of inflation, a large, sustained gap in the Civilian Employment/Population Ratio, an abiding lack of post-recession growth domestically, and significant underperformance (old, new, [PDF] and overall) internationally, the Fed appears prepared to raise interest rates this year. Which leaves me now wondering: With the possible exception of Robert, is […]

Or Is It really a Kenyan this time?

Carter, Begin, Sadat, Brezhnev, and Deng are all long gone. Rumor has it that the last political icon of Tim Curry’s only pop hit has joined them. Or has he? The death of Fidel Castro, 88, has also often been mistakenly declared before on social media and this time may have been confused with the […]

Just Go Read

As I said on Facebook, it appears that Tim Armstrong—who got paid $12 million last year alone as CEO of the dead-on-its-feet AOL—is even more of an asshole than anyone previously believed. The pull quote: Until the morning I woke up in labor, every exam indicated that our daughter was perfectly healthy. In fact, had […]

Because Piling On Is Sometimes Necessary

I was going to leave Richard Cohen alone: Gawker, LG&M, Dr. Black, etc. etc. all covered him.  There’s nothing to say that Katherine Weymouth didn’t already, save possibly that I’m thinking of burning all my non-existent copies of Mariah Carey’s “Fantasy” in effigy. But I can’t resist coming out of what appears to be a […]

For the Record, No: A Review Too Late

Were Lawrence Summers what his critics say he is—a political hack with an inflated sense of his own skills that is matched only by his sense of entitlement, accompanied by a grotesquely non-realistic view of his accomplishments—this is precisely the letter he would write. Felix, who was The Voice of Reason on this  before and […]

The Last Economist to Understand that Bad Policy Has Ill Effects

Nobel Memorial Prize Winning Economist James Heckman has a piece in the Opinionator section of the NYT (is that a printed section, by the way, or online-only?) that reveals the lie behind the farce that is Arne Duncan’s “leadership”:  Children raised in disadvantaged environments are not only much less likely to succeed in school or in […]