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

‘Socialism’ is a rough proxy for interventionist government? REALLY, Thomas Edsall?

Obama argues that government action is required to redress the growing disparity between rich and poor, diminished opportunities for upward mobility and economic stagnation. Public opinion, at least according to the Stimson analysis, is moving in precisely the opposite direction. A 2011 Pew Research Center survey gives us a glimpse of some of the headwinds […]

The Third Way summary

It’s critical to understand that Third Way presents itself as “centrist” and a think tank: Third Way Via Huffington Post Bill Black summarizes the profiles of the trustees: Twenty of the twenty-nine trustees come from finance (counting the lawyer whose specialty is representing private equity firms). Their most common background is Mitt Romney’s — private […]

Mainstream Journalism As Just Another “Ism.” (The fallacy of the belief that the modern mainstream media has actual standards)

(Reuters) – Employers tried the carrot, then a small stick. Now they are turning to bigger cudgels. For years they encouraged workers to improve their health and productivity with free screenings, discounted gym memberships and gift cards to lose weight. More recently, a small number charged smokers slightly higher premiums to get them to quit. […]

Deserving to be poor

Via Economist’s View, Paul Krugman notes a pattern in out post racial rhetoric: So what’s this all about? One reason…, Daniel Little suggested in a recent essay, is market ideology: If the market is always right, then people who end up poor must deserve to be poor. I’d add that some leading Republicans are, in […]

Update on conditions in Ireland…another letter from Ireland

The first letter from Ireland is here Update on conditions in Ireland…a second letter from Ireland Ireland, Land of Thieves, Charlatans and Sodomites… Zeus-Boy We’re forced to do silly things out of desperation, things that other nations don’t have to resort to. For instance, we’ve the lowest corporate tax rate in Europe at 12.5%. Sarkozy […]

A Question About Gaza

by cactus A Question About Gaza I’m trying to understand the situation in Gaza. I understand that Israel manages to exert some control over Gaza’s borders and airspace. Israel has also tried to choke off the flow of weapons into Gaza and this embargo is being blamed for much of the hardship that residents of […]

Now for something completely different

Kevin Drum incidentally mentioned the Nov 1940 collapse of ‘Galloping Gertie’, otherwise known as the Tacoma Narrows Bridge, in a post about a new technique about generating electricity from river or ocean currents. Which led me to pull up some footage and figure out how to embed it. (No it is not hard. But Old […]

Back in the Saddle

First off, apologies to everyone for my extended hiatus. It’s been almost four weeks since I’ve posted, which is the longest stretch that I’ve been missing since I starting writing on Angry Bear nearly three years ago. But the past few weeks have been a pretty busy time for me in more than the usual […]

PlameGate News Flash from the National Review

Byron York has been trying to argue for months that Valerie Plame was not undercover. Read his latest where he claims it was Joe Wilson that told the world his wife was a CIA agent. Memo to Mr. York: Brad DeLong has already awarded that Stupidest Man Alive trophy. Update: God bless Jane Hamsher! While […]

Our Fiscal Future – as Portrayed by the OMB

AB reader ilsm points us to a set of White House graphs on employment, GDP growth, and the budget. More on this after thanking Brad DeLong for commenting on a comment from Greg Mankiw on our fiscal future. Greg reminds us that we have to choose between reducing entitlement growth versus imposing taxes even higher […]