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

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State budgets and finances

…hat tip to Naked Capitalism suggests this thought: Congressional Republicans appear to be quietly but methodically executing a plan that would a) avoid a federal bailout of spendthrift states and…

Wall Street breakfast leftovers

bailout, would be only the latest in a long string of companies that have poached workers from the political sector, and of employees who have bounced back and forth between…

Goldman’s Settlement with the SEC

…two weeks worth of recent trading profits.” Goldman’s Bailout Fee, Wall St. Journal, July 17-18, 2010, at A12. Too little, methinks, even with the concession not to seek a tax…