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

Scott Brown Solves the Mystery of What All Those Mega-Corporations Are Doing With Their Record Profits

They’re spending it on lawyers! I’m not kidding.  Brown told a 27-year-old Fidelity Investments retirement specialist that big corporations can’t afford to hire people because they’re spending so much money on lawyers.  Which they have to do because of all those regulations.  Which is why he wants to “loosen regulations on big companies”: “So they […]

By Default or Design: The Demise of the Postal Service

Guest Post by Mark Jamison, retired Postmaster Webster, N.C. This post originally appeared on Save The Post Office Blog. This is Part 2 of three posts and following Invisible Hands: The Businessman’s Campaign to Dismantle the Post Office. Default.  It’s an ugly and dangerous word.  It gives the impression that the individual or enterprise attached […]

Alison Lundergan Grimes vs. The Kentucky Newspaper Editorial Boards That Endorsed Her Today

Two major Kentucky newspapers have endorsed Alison Lundergan Grimes for Senate over incumbent Senate Minority Leader Mitch McConnell (R). The Courier-Journal and the Lexington Herald-Leader both ran editorials Sunday in support of the Democrat, who currently serves as Kentucky’s Secretary of State. In its endorsement, the Courier-Journal’s editorial board praised Grimes’ stance on issues like the minimum wage […]

SEASIDE SOCIALISM

Back in 2007 the state of Florida changed the way to insure beach properties and is mentioned at Angry Bear here. Reuters reports here here and Waters edge crisis. SEASIDE SOCIALISM Breakneck development at the shore has trapped Florida in a costly Sisyphean effort to maintain its perpetually eroding beaches. More than a tourist attraction, […]

Chris Christie Says We Should Not Treat Ebola Patients, Because No One Wants Their Kids to Get Ebola, and Anyway We’re Trying to Develop an Ebola Vaccine.

Okay, here’s what Christie actually said: I’m tired of hearing about the minimum wage. I really am. I don’t think there’s a mother or father sitting around the kitchen table tonight in America saying, ‘You know, honey, if our son or daughter could just make a higher minimum wage, my God all of our dreams would be […]

Adding to Steve’s quest to define “money”. A couple short films.

Via Digby comes a couple short films talking about what is money.   They are part of an effort by a group/site called We The Economy that has 20 short films aimed:  to drive awareness and establish a better understanding of the U.S. economy. Told through animation, comedy, musical, non-fiction, and scripted films, WE THE ECONOMY […]

In the ‘Be careful what you wish for’ category …

Is it just me, or did Joni Ernst just effectively announce that she wants to kill farm subsidies?  Of course, how effectively she announced it will depend on whether her opponent, Bruce Braley, picks up this ball and runs with it. Although maybe she’s talking about something else she thinks is pork. Be careful what […]

About that “State and local governments are closer to the people” thing …

Indeed, they are; state and local governments are closer to the people.  It’s just that the people they’re closer to probably aren’t, well … you. So, here’s a question: Why isn’t, say, Kay Hagan, who’s running against the Speaker of the State House*, or Charlie Crist, who’s running against Florida governor Rick Scott, um, mentioning this in their […]

NOTE TO COLORADANS: You can get virtually identical insurance on your state’s Exchange—and continue to receive the same subsidies to pay the premiums that you received THIS year. Really.

More than 22,000 Coloradans were informed in the past month that their health coverage will be canceled at the end of the year, state insurance authorities disclosed this week, a spike in cancellations already roiling the state’s fierce campaigns for the Senate and governor’s seat. Republican Rep. Cory Gardner, who’s running to unseat Democratic Sen. Mark Udall, […]