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

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Barney Frank…give us more explanation

…losing my vote of confidence in you all these years. Why will the economy collapse tomorrow rather than Tuesday? E-mail Mr. Frank to ask: Barney Frank House office. Update: reader…

The Buffett Buffer

…stock at $115 a share, which is 8% below the 4 p.m. closing share price Tuesday of $125.05. Wow 10% plus warrants. Now G-S won’t go bankrupt, as they have…

What is an Asset?

…(One of the nice things about it is that it also completely undermines his earlier suggestion that the Fed was wrong not to ease on Tuesday. As Mark Thoma and…

Roubini’s not wrong, but…

…exposure over the past six months doesn’t belong in the risk management business. As DealBook noted last Wednesday: Financial institutions have been closely measuring their exposure to Lehman. On Tuesday,…

Editorial on oil by IBD and sammy

…not……In short, we’re not running out of oil, we’re swimming in it. Shale Oil Bush on Tuesday said he wants to remove all barriers to extracting the oil thought to…

Georgia and USSR

by rdan Reuters updated 11:34 a.m. ET, Tues., July. 15, 2008 VAZIANI, Georgia – One thousand U.S. troops began a military training exercise in Georgia on Tuesday against a backdrop…

Soc Sec XI: Seven good questions by Reader Arne

Reader Arne, a long time and well informed commenter submitted to Tuesday’s Social Security post a list of seven deceptively simple in form questions to get my take on them….

More whittling the beak

…Of The Month’ Over Tanker By Eric Rosenberg, P-I Washington Bureau “WASHINGTON — A government watchdog group gave its wry “Porkers of the Month” award Tuesday to Reps. Norm Dicks,…

‘Party on’ irony

…trade. By late Monday and early Tuesday, traders at hedge funds told Fortune that they were being charged a premium by the swaps desks at Deutsche Bank (DB), UBS (UBS)…