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

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How Not to Build a Bailout Proposal

…said Senator Mitch McConnell of Kentucky, the Republican leader, who Tuesday reached an agreement with Senator Harry Reid of Nevada, the majority leader, to add $100 billion in tax breaks…….

Pluralising Anecdotes

In the grand tradition of cactus, I have arranged with Videotron for telephone, television, and internet service at our apartment in Montreal starting on Tuesday morning. If all goes well,…

Concealed Guns in Airports

…concealed firearms in the nation’s busiest airport, Hartsfield-Jackson Atlanta International. A Georgia gun rights group filed a lawsuit in Federal District Court in Atlanta on Tuesday after airport officials said…

PTSD and our military response

…to U.S. military data released on Tuesday. The statistics, released by the Army, showed the number of new PTSD cases formally diagnosed at U.S. military facilities climbed to 13,981 last…

The Financial Accelerator, Revisited

…speech helps explain the new urgency in Mr. Bernanke’s assessment of economic conditions, which was manifested in Tuesday’s 0.75 percentage point cut and a likely cut next week, and his…

Borrowing and Spending

…The U.S. current account deficit widened by 21.3% to a record $224.9 billion in the fourth quarter, the Commerce Department reported Tuesday. The deficit amounted to 7.0% of the nation’s…

Senator Lieberman Drinks the Kool Aid (Iraq Edition)

…this article, which was, “Bush, Rumsfeld: Iraq Strategy is Working”, I thought that it would be nothing more than the tired old White House talking points: President Bush said Tuesday

Is Fitzmas Over?

…the probe. But that changed during a private meeting last Tuesday between Fitzgerald and Rove’s attorney, Robert Luskin. It’s not clear precisely what happened in that meeting, but two sources…

European Slowdown

…points to a new historic low of 1.50 percent on Tuesday and some analysts said the door was open to further easing. The decision sent ripples through Swedish markets and…