Last night—as you all must know by now unless you’ve been having a much more exciting weekend than I—the financial ratings agency Standard & Poor downgraded the US debt from AAA to AA+ for the very first time. Now, AA+ … Continue reading →
Stocks are falling sharply today, and some of the cause is bad news from Europe. Many countries are having the same crises of benefits outstripping the financial resources to provide them, and populations grown accustomed to their perks and angry … Continue reading →
I must confess to feeling a bit weary now that the debt ceiling negotiations have been concluded. And this is only the first of many bitter fights to come. What to cut? Who’s to decide? How much is enough? How … Continue reading →
If you look at today’s Memeorandum page, you’ll see that the debt ceiling compromise story totally dominates the news. Most of the articles are of the “who won?” variety (even though the vote hasn’t occurred yet, everyone’s assuming it will … Continue reading →
The other day I wrote a post about the debt ceiling negotiations. Few people in the comments section agreed with my point of view. But I had expected that, and I expect it for this one, too, which is fine; … Continue reading →
William Kristol is absolutely correct: To govern is to choose. To vote is to choose. To vote against John Boehner on the House floor this week in the biggest showdown of the current Congress is to choose to vote with … Continue reading →
Here’s the analysis.
Continue reading →Just now I happened to listen to President Obama’s press conference on the debt ceiling negotiations. He talked an unsurprising “each side must compromise” line and made himself out to be the great conciliator. I find the entire process at … Continue reading →
You may have noticed I haven’t yet written about the fight over raising the debt ceiling. That is probably because not only do I have a tendency to shy away from anything to do with economics, but also because I … Continue reading →
I didn’t watch President Obama’s press conference yesterday. But many of those who did noted his continuation of the class war that is one of his very favorite ploys, as well as his hypocrisy, and his discomfort at answering questions … Continue reading →
…if OPEC has anything to say about it: PEC talks broke down in acrimony Wednesday without an agreement to raise output after Saudi Arabia failed to convince the oil cartel to lift production. “We were unable to reach an agreement … Continue reading →
The news that college graduates have been having trouble finding jobs, especially positions in their fields, should come as no surprise whatsoever. Different generations have different patterns of luck, and those who come of age in a time of economic … Continue reading →