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

Elizabeth Warren and Glass Steagall

Via Truthout 21st centurty Glass Steagall Act You need to know this. Senator Elizabeth Warren wants to make banking boring again. Yesterday, the freshman senator introduced the 21st Century Glass Steagall Act, which would break up the big banks, and rebuild the wall between traditional banking and Wall Street gambling. In a statement, Senator Warren said, […]

Figuring the costs of minimum wage hikes

Real News interviews  Jeannette Wicks-Lim is an Associate Professor at the Political Economy Research Institute in Amherst, Massachusetts. Wicks-Lim specializes in labor economics with an emphasis on the low-wage labor market… WICKS-LIM: Well, one of the things I’ve been thinking a lot about is that because of the recent proposal by President Obama to raise the […]

Warren questions Benanke on ‘too big to fail’

Via Bloomberg comes this snippet from testimony between Senator Warren and Ben Bernanke.  Follow the link as the embed does not seem to work. Partial Transcript via Global Economic Trends Warren: These big financial institutions are getting cheaper borrowing to the tune of $83 billion in a single year, simply because people believe government would […]

Two Important Op-Ed Pieces Today

I want to draw AB readers’ attention to two of the most important op-ed pieces I’ve read in a while.  They address entirely different, but profoundly important, matters. One is Elizabeth Warren’s piece today in Politico, called Stop riggingsystem against small business. The other is Bill Keller’s column today in the New York Times, called […]

Elizabeth Warren 2009

As the Senate election begins in earnest in Massachusetts, with a great deal of money already pledged and attack ads begun, the contest has the ability to capture the nation’s attention and imagination. We will be following aspects of the election for our readers as the year progresses. Re posted is a statement she made […]

Elizabeth Warren and US Senate from MA Dem. candidates debate

Elizabeth Warren and other Democratic candidates for US Senate from Massachusetts had their first public debate last night. The embedded video from the Boston Herald is about an hour and a half…it is not working at present so is below the fold for when it resumes working. The link is here.