What do you mean “we’re broke”? The first encouraging sign in a long time from the Fed and the Treasury is in the link above. After it became common knowledge that the “stress tests” were only going to be window dressing, the question on everyone’s mind became only “How much more is it going to […]

rdan May 1st, International Workers’ Day, commemorates the historic struggle of working people throughout the world, and is recognized in many countries (66?) but not the United States, Canada, and (*******). This despite the fact that the holiday began in the 1880s in the United States, with the fight for an eight-hour work day. Update: […]

rdan Why are bankers still being treated like royalty? Arianna Huffington As Yves of Naked Capitalism mentions in links, a must read.

Via djw at LG&M and Echidne, the original sentence: Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women — two constituencies that are notoriously tough for libertarians — have rendered the notion of ‘capitalist democracy’ into an oxymoron. The it’s-not-the-stupidity-it’s-the-coverup “explanation” from the editor: [Thiel] writes only that […]

by Bruce Webb I just went on a web cruise through the bigger venues of the left blogosphere and I don’t think even some of the big guys get it. The prevailing sentiment seems to be that 60 is not a particularly important number because it only takes one Blue Dog to defect to sustain […]

By Spencer, Is there any truth to the reports that Rush Limbaugh and Newt Gingrich are proposing that we need to cut tax rates on dividends and capital gains to deal with the swine flu?

Putting a human face on the need for public goods and services. Perhaps Rick Perry will take the next step from asking for help and realise that being a country means more than just not paying taxes.

by cactus What’s the Scam? Over the years my wife has known her, a friend of hers has developed a, shall we say, checkered past. That includes a felony (for drunk driving), at least one bankruptcy, as well as a number of questionable deals in which she was engaged in partnership with her husband. (She […]

By Spencer, Given all the attention the press is giving the 100 days results I though people might find this chart of interest. There is a wide spread convention to use the election day as a base for the stock market because of the belief that the market is a way of discounting future results. […]