NY Post reports That White House Chief of Staff Rahm Emanuel met Sunday night at the apartment of Jane Hartley and Ralph Schlosstein with Dem fund-raisers such as Orin Kramer, Stan Shuman, Roger Altman, Ann Hess, Robert Zimmerman, Pete Peterson and Joan Ganz Cooney. Good grief. Pete Peterson a Dem fundraiser? Who is getting his […]

Robert Waldmann As he watches policy makers cry “fire fire” in Noah’s flood, Paul Krugman becomes almost shrill. He has a simple (rigorous) model which suggests more stimulus would be ideal and that, when in a liquidity trap, government spending should be set to give unemployment equal to the non accelerating rate of unemployment. In […]

Market Watch reports: Hewlett-Packard Co. on Tuesday said it will invest $1 billion to consolidate and automate its data centers, a move that will lead to the elimination of 9,000 jobs over a “multiyear” period. The Palo Alto, Calif.-based computer and printing giant /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 45.59, +0.01, +0.02%) said annual savings in its enterprise-services division […]

by Mike Kimel First Chapter of Presimetrics Available for Download The table of contents, introduction, and chapter one of Presimetrics, a book I wrote with Michael Kanell of the Atlanta Journal Constitution, are available here. The inside pages have already gone to the publisher, and the whole book will be released on August 11. So… […]

Robert Waldmann Over at Firedoglake “Masaccio” has a very interesting report on a legal complaint by the estate of Lehman Brothers against J.P. Morgan. on September 9, 2008, JPMorgan insisted that Lehman sign further agreements, under which Lehman guaranteed all obligations of its subsidiaries, including obligations under derivatives, and lost the ability to access its […]

Robert Waldmann There seems to be a widespread view that the US experience with deregulation has been mixed. Financial deregulation was a disaster, but airline deregulation and telecoms deregulation were OK (except for how crowded airports are and irritating advertisements by competing phone companies). What is this “telecoms deregulation” of which you speak. I absolutely […]

I have been ‘doing’ the South Beach diet the last three weeks. It is quite amazing how sweet berries, and the occasional small slice of watermelon on this hoiliday week end, tastes. Much better than corn syrup.

Does anyone have a handle on pounds per square inch of pressure of the flow of oil (mud not heavy enough?) against the pounds per square of sea bed pressure, and then subsequent impact as the flow encounters considerably less pressure the closer to the surface the flow gets? Update from comments in Oil Drum […]

by Bruce Webb I no longer try to follow Science-Fiction, but from 1964 to 1977 which is to say from the time I was seven until I turned twenty and joined the Navy I read pretty much everything and had built up a pretty massive library. Among them was a book called The_Shockwave_Rider by John […]