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

Credit Card Interest Rates

Marquette Nat. Bank of Minneapolis v. First of Omaha Service Corp., 439 U.S. 299 (1978). In a unanimous U.S. Supreme Court decision, the court held states anti-usury laws regulating interest rates unenforceable against nationally chartered banks based in other states. Justice William Brennan: It was the intent of Congress when it passed the National Banking […]

A Particularly Poignant, and Revealing, Juxtaposition of Politico Articles Published a Day Apart

Terry Havener, 62, a retired union carpenter, pictured with Johnstown in the background. He was hoping for Bernie. He voted for Jill Stein. | Scott Goldsmith for Politico Magazine — Photo caption in THE FRIDAY COVER: What Trump Voters Want Now The blue-collar workers who put Donald Trump in the White House are ready for […]

It’s Clear By Now That the Second-Most Powerful Person in the Federal Government Will Be Bernie Sanders.

The Big Question Is, Who is the MOST Powerful Person: Paul Ryan or Donald Trump? “I think my title [of head of outreach] is to be head of outreach and that’s something that I take very seriously,” he said, without explaining any more about the new role. But Sanders did pound home his remedies for […]

The Democratic Establishment Thinks the Lesson of This Election Is That the Way For Democrats to Win Over White Voters In the Industrial Midwest Is to Switch Sides in the Culture Wars. I Guess. [Updated.]

The race to be the next head of the Democratic National Committee has quickly turned into a proxy fight between liberals and establishment types about where the party needs to go in the wake of Hillary Clinton’s stunning loss at the hands of Donald Trump on Tuesday. Liberals are insistent that Clinton’s defeat was the result of […]

At least as of yesterday morning, the Democratic establishment still didn’t get it. Then again, as of late yesterday, neither did the Republican establishment. And neither did Donald Trump. [UPDATED]

CHUCK SCHUMER’S TOUGH BALANCING ACT: CNN reports on an interesting dynamic to keep an eye on: “For Schumer, the challenges will be formidable. He’ll have to listen to the vocal and outspoken progressive wing of his caucus, led by Massachusetts Sen. Elizabeth Warren and Vermont Sen. Bernie Sanders, who have legions of supporters. But he also has […]

I RETRACT MY RETRACTION: A cabal of NYC FBI agents (including, or solely, Bret Baier’s false “indictment” leaker), may well have PLANTED those emails on Weiner’s laptop–

possibly at the behest of Rudy Giuliani or James Kallstrom, or both, who ARE part of the cabal’s conspiracy to violate the Hatch Act (to name just one of a slew of federal criminal statutes these folks have violated).* Did NYC FBI Agents Plant Those Emails on Weiner’s Computer Once They Gained Custody of It?  […]

Here’s what’s missing from reports that “[t]he FCC just passed sweeping new rules to protect your online privacy” by a 3-2 vote: That the three who voted for the Rule are Democrats and that the two who voted against it are Republicans. And that the president’s party gets the majority of board members, from which the chairman is selected.

Federal regulators have approved unprecedented new rules to ensure broadband providers do not abuse their customers’ app usage and browsing history, mobile location data and other sensitive personal information generated while using the Internet. The rules, passed Thursday in a 3-2 vote by the Federal Communications Commission, require Internet providers, such as Comcast and Verizon, to obtain their customers’ explicit […]

No, Mr. Trump, THIS is what a movement looks like

There it was.  That familiar logo, the one I’d seen on so many lawn signs and bumper stickers in my (very) liberal small-city college town, and at the top of so many emails I’d received since early summer 2015.  The logo with “Bernie” in sky blue, with a little star over the “I” instead of […]

Trump Says the Establishment and the News Media Deemed Bernie Sanders a Sexist, a Racist, a Xenophobe and Morally Deformed

“The establishment and their media neighbors wield control over this nation through means that are very well known,” Mr. Trump told a crowd in West Palm Beach, Fla., on Thursday. “Anyone who challenges their control is deemed a sexist, a racist, a xenophobe and morally deformed. They will attack you. They will slander you. They […]

Bernie Sanders on MichiganRadio’s (local NPR’s) Stateside yesterday:

“Get beyond personalities” and focus on real issues. Bernie’s awesome.  You can read the article about his radio interview, and watch his rally speech at the U-M campus in Ann Arbor yesterday, here. Go, Bernie!