Archive
Big George Takes Down the Banking Lobby
The Congress just voted to take over $60 billion in subsidies to the banks and invest it in aid to college students. The students beat the banks; hard to believe but true. The reconciliation bill that featured the final “fixes” on health care also included a...
Conservatives' Race to Oblivion, Pt. 3
The big news, since President Obama signed health care reform into law, has been the threats made against Democratic lawmakers. [h/t, Prometheus.] But there is another threat looming, that isn't directed at Democratic officials, and isn't getting nearly as much...
Even Chinese Officials Understand -- Their Currency Must Rise
When a policy is just wrong it's just wrong. I have written about how Chinese CEOs and Chinese economists have been making the case for China to bring its currency up to market rates. Even Chinese government officials are making the case for a stronger currency. In a...
Progressive Breakfast - 3/26/2010
Student Loan Reform Clears Congress With Reconciliation Students win, bank lobby loses. AP: "More needy college students will have access to bigger Pell Grants, and future borrowers of government loans will have an easier time repaying them ... the most sweeping...
Meg Whitman's Shady Goldman Sachs Past -- Is It California's Future?
Just when you thought you'd had enough of Goldman Sachs running things -- and running them into the ground -- along comes Meg Whitman. Most Californians know she's using her fortune to run for governor. They probably don't know that she was once on the board of...
Local Governments Laying Off, Conservatives Oppose Helping
Problem:: States shed government jobs as revenue plummets. Just last month: In Michigan, where the unemployment rate is 14.1 percent, the nation's highest, government jobs at all levels fell by 5,000. They accounted for one-third of the state's job losses....
Rep. Keith Ellison Challenges Progressives: Get 216 Cosponsors For Jobs Bill
Change To Believe In or Focus for Hate-Mongering?
When President Barack Obama signed the historic health insurance reform bill, he said it was, “Change we can believe in.” He noted that his party has sought reform for more than half a century. The effort began long before President Harry Truman recommended to...
Pressure Rises For China Currency Fix -- Yesterday Chinese CEOs, Today Chinese Economists
Yesterday I wrote about Chinese CEOs calling for China to bring its currency up to market rates. Today Chinese economists are joining the call. Chinese economist Gong Shengli, in his book, China is Very Happy, calls for a strong yuan, "In order for China to survive...
Progressive Breakfast: Bring On The Banks
Financial Reform Moves Into Spotlight Financial reform rises to the next major legislative priority. NYT: "…two crucial Republicans on the Senate Banking Committee, Judd Gregg of New Hampshire and Bob Corker of Tennessee, said they expected the overhaul to pass...
