Liberal Talk Radio

Ron Suskind’s “telling lessons” illustrate the genesis of the 2003 Dividend Tax Cut and Sarbanes-Oxley, which is to say, the Administration acted quickly to address structural flaws in the financial system:
The Federal Reserve chairman and senior economic officials of the Bush administration solemnly filed into the large conference room of the Treasury Department. There was [...]

And here I thought my Master’s thesis in banking policy would sit, dusty, on a shelf in perpetuity.  (Hey, any ray of light during this crisis, right?)
The Fed effectively killed Glass-Steagull today by allowing the last two remaining investment banks — Goldman Sachs and Morgan Stanley — to convert themselves into Bank Holding Companies.  Instead [...]

You know you’re on to something when even Republican hacks like Kristol agree with you:
Everyone seems to agree on the need for a big and comprehensive plan, and that the markets have to have some confidence that help is on the way. Funds need to be supplied, trading markets need to be stabilized, solvent institutions [...]

I know we’re in rough economic times (but not a recession dammit) and trying to cut costs is part of doing business, but it seems to me that once you’ve booked record orders for your industry-leading airliner design, the last thing you should do is drive your chief union of manufacturing employees to strike.

Forget KBR, Halliburton, the CIA or even the Jews — it’s obviously Aramark who was behind 9/11:
Travelers using Kennedy International Airport who have not flown in a while may be surprised by the stores and restaurants they see on the way to their flights. The retailing mix in the airport is changing, with more new [...]

. . . this should succeed:
High beer prices are on tap, and global warming could be to blame.
The environmental crisis has hit suds-lovers where it hurts most — at the bar and in the wallet — as prices of grains and hops soar, activists said yesterday.
“When we’re trying to deal with young people, [...]

The P-I Editorial Board wonders why Detroit won’t sell Americans the awesome small cars they’re selling in Europe and Asia. I wonder the same thing.
Detroit often claims that they can’t make money selling small cars. They make huge profits on trucks, but often lose money selling small cars. Ford loses $3,000 on every Focus [...]

The New Republic has a great piece catching up with Andy Stern, the Prof and my favorite union boss. The reason we like Stern is that he seems to understand that unions are organizing against massive, multinational corporations, and to succeed, they will need to be massive and multinational themselves.
However, as the article makes [...]

I so, so badly want to return to the heady early days of the internet:
When he bought the Web domain pizza.com for $20 in 1994, Chris Clark never imagined it would be his meal ticket.
But yesterday, the 43-year-old Queens-born entrepreneur sold the name at auction for a saucy $2.605 million.
. . .
During the [...]

There’s something poetic about the news that India’s Tata Motors is buying the Land Rover and Jaguar brands from Ford. The Land Rover was the car that was used to conquer, colonize and maintain british control over India, and now it’s owned by an Indian company. We are truly in the post-colonial [...]