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

Good News

This is some good news, so I’ll have to give kudos to US and British intelligence: British police today charged eight men with conspiracy to murder and violations of the Terrorism Act after finding that they possessed surveillance information on the same financial centers in Washington, New York and New Jersey that were the focus […]

Sen. Harking Not Mincing Words

… Here’s Sen. Tom Harkin (D-Iowa) on Cheney’s attacks on Kerry for using the word “sensitive“: “It just outrages me that someone who got five deferments during Vietnam and said he had ‘other priorities’ at that time would say that. …[President Bush and Cheney are] running scared because John Kerry has a war record and […]

Another One for the Supreme Court?

This November, voters in Colorado are going to decide on a referendum item that has just been certified for the ballot: should the state constitution be changed to allot its representatives in the Electoral College proportionally, rather than winner-take-all? If the measure passes, this means that Bush will probably get only 5 EC votes instead […]

A Fading Recovery

Today’s new economic data fit into the larger picture of an economy that is noticeably losing steam. In the graph below I’ve presented the 3-month annualized rate of change in core consumer prices and industrial production, including today’s data. I’ve also included two other data series that reveal important clues about the health of the […]

Two Reports, One Conclusion

We have two new pieces of economic data this morning, the CPI report and Industrial Production for July. The consumer price inflation report released this morning by the BLS showed a surprising fall in prices in July. Part of this was due to a small fallback in oil prices during the month (this will be […]

Just how stupid does Don Luskin think his readers are?

The political scene is getting ugly, but the Kerry economists must have been chucking when they emailed out Don Luskin’s latest from the National Review on August 13, which is entitled “The Art of Trash-Talking a Good Economy: Just how stupid does John Kerry think the voters are?” It states in part: He [Gene Sperling] […]

Just Do The Opposite

Not so long ago, the Bush administration was pushing covert (and not so covert) actions to oust Venezualan president Hugo Chavez. This April 15, 2004 article from GlobalSecurity.com explains some of what passed: Documents showing U.S. funding for Venezuelan opposition groups have prompted an increase in personal attacks by President Hugo Chavez against President Bush, […]

Ashcroft’s War on Protesters

If you haven’t already seen this front page story from today’s NYTimes, then now might be a good time. Apparently the FBI has spent the past couple of weeks interviewing, and in some cases subpoenaing, people that it thinks are likely to attend protests at the Republican convention in NY. “The message I took from […]

Sensitivity

I’m stealing this table from Kevin Drum, because this issue is particularly important (and just in case there’s anyone out there who reads my blog, but not Kevin’s.) Spearheaded by Cheney, Kerry’s “More sensitive war on terror” is on the verge of becoming this election’s “Invented the internet.”(*) So here is Kevin’s compare and contrast: […]

Bush-Cheney: Lie, Divide & Conquer

John King notes the source of the sensitive remark that Dick Chcney has been criticizing John Kerry over – during CNN’s Newsnight 8/12/2004 edition: KING: In a speech at issue a week ago, Senator Kerry vowed to destroy terrorist networks. And aides say by promising to be more sensitive he simply meant more diplomatic with […]