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

Oh, But Justice Souter, These Days Judging Is VERY Easy

Rdan here…In a 2007 case, the conservative majority overturned voluntary racial integration programs in Seattle and Louisville, Ky. Earlier this year, in the Citizens United campaign-finance case, the court’s conservatives struck down a federal law that prohibited corporations from spending on federal elections. Both relied on interpretation of vaguely worded constitutional guarantee. by Beverly Manncrossposted […]

The Four Pillars of Conservatism: it is not as Incoherent as it seems

by Bruce Webb Family values/patriarchy; Property rights/inheritance; Public order/tradition; External defense/xenophobia. Taken individually and in combination I think they serve to explain the essential unity of the various divides of modern conservatism into paleo-Cons, neo-cons, social values Cons, religious Cons, and perhaps most for my purposes the alignment of top level economic strata: bankers and […]

Neal Bill: US companies use of affiliated reinsurers to avoid taxes

by Linda BealeNeal Bill: US companies use of affiliated reinsurers to avoid taxes US insurers are complaining about the Neal Bill, HR 3424, introduced Jul 30, 2009, which would disallow a deduction to a US company for “excess non-taxed reinsurance premiums” with respect to US risks that are “paid to affiliates” (quoted language is from […]

green links

You may have noted that there are green links appearing in posts. This is a mistake on someone’s part and is not a feature Angry Bear endorses nor tolerates. I am in the process of finding out and correcting. It is being done separately from the normal editing function. Please be patient……. Update: Ah hah. […]

We learn why they hate social security

Lifted from an e-mail from coberly We learn why they hate social security: NCPSSM e-mail (update)Apparently, these are the “good-old days” our nation’s fiscal hawks relish. The Peterson Foundation’s David Walker co-hosted CNBC’s Squawk Box this morning (personally, we yearn for the good-old days when so-called “news” shows were hosted by journalists—not partisan advocates—but that’s […]

Carried Interest: Senate Getting Swayed by Lobbyists

by Linda Beale Crossposted with Ataxingmatter Carried Interest: Senate Getting Swayed by Lobbyists The Senate started discussion of the “extenders” legislation on Tuesday. IN the House version, HR 4213, there is finally a carried interest provision, though it is a weak one. (Recall that carried interest is the amount that managers of hedge, equity and […]