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

Jamie Dimon May Come Out Swinging Tomorrow, But His Fast Ball Isn’t What It Was

“Which Jamie Dimon will appear before the Senate Banking Committee in Washington on Wednesday?” asks Reuters BreakingViews columnist Rob Cox in a Slate piece.  “The self-effacing JPMorgan boss offering apologies for his bank losing at least $2 billion on bum trades?,” he asks? “Or the combative JPMorgan leader who just a year ago publicly challenged the […]

Bain Capital vs. Berkshire Hathaway**

Matthew Yglesias channels … me! Yep, that’s right.  And now that, as Yglesias discusses, Newark Mayor Cory Booker has given the Obama campaign permission to explain the differences between the various types of venture capital “models” (as Yglesias calls them), conceding that, yes, that may really be more relevant to the key issues in the […]

Federal judge rules part of new anti-terrorism statute unconstitutional

NEW YORK (AP) — A judge on Wednesday struck down a portion of a law giving the government wide powers to regulate the detention, interrogation and prosecution of suspected terrorists, saying it left journalists, scholars and political activists facing the prospect of indefinite detention for exercising First Amendment rights. U.S. District Judge Katherine Forrest in Manhattan said in […]

Solamere Capital offered to help fund the auto-industry managed bankruptcy … just like Bain Capital!

Ah.  Well, now we know what Romney has in mind when he says that GM and Chrysler didn’t need federal bailout funds in late 2008 and early 2009 in order to undergo bankruptcy reorganization rather than be forced to liquidate, because there was private-equity funding available for that purpose.  Solamere Capital and its Rolodex of […]

Steven Rattner Misses the Point (Romney’s and Obama’s) – POSTSCRIPT ADDED 5/16*

Last February, in the lead-up to the all-important Michigan primary, Romney wrote an op-ed piece in the Detroit News titled “U.S. autos bailout ‘was crony capitalism on a grand scale’.”  The dual purpose of the piece was to defend the recommendation he made in a November 18, 2008 op-ed article in the New York Times titled “Let […]

Romney want a crackerrr???

A lost parakeet in Japan was returned safely to its owner last week after it told police its home address. Why do captive birds mimic human speech, and how do they decide what to say? They’re trying to fit in with the flock, and they’ll say whatever it takes.  —  “Why Parrots Parrot: When birds mimic […]

Florida’s new voter-identification law leaves me … speechless.*

The new Florida [voter-identification] law requires that voter registration drives be conducted by third-party groups that are certified by the state and requires the groups to account for all forms that are checked out from the election division. Those rules are the centerpiece of a training effort this weekend by the Obama for America staff in […]

The Beginning of the End of Corporate Gaming of the Bankruptcy Laws?

It will take a few more months of legal maneuvering before American finally throws in the towel and agrees to a US Airways merger. American executives and directors will no doubt have to be bought off with golden parachutes, while trade creditors such as Hewlett-Packard and Boeing will likely be brought on board with promises […]

Bait and Switch: Is Pope Benedict Really Against Raising Taxes On the Wealthy to Help Balance Government Budgets?

(Reuters) – Invoking Pope Benedict, Republican Representative Paul Ryan defended his budget plan on Thursday at Georgetown University, where a group of the Jesuit institution’s faculty has accused him of misusing Catholic teachings to push cuts to programs that serve the poor. “The overarching threat to our whole society today is the exploding federal debt,” […]