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Is Elizabeth Warrens New Job a Blessing or a Curse

Reports are conflicting, details are uncertain, the White House isn't talking on-the-record, and after a confusing evening, it's still unclear exactly what is going on with Elizabeth Warren's next job. In one sense, it looks like President Barack Obama is pulling out...

Is Obama Selling Out Elizabeth Warren

ABC News is reporting that President Barack Obama will appoint Elizabeth Warren to a "special advisory" position to set up the Consumer Financial Protection Bureau. We don't know the details, but so far, this seems very suspicious. As I wrote yesterday, Obama has...

Boehner and McConnell Flunk Math

The Republican leaders in both houses of Congress are getting clearer what their alternative economic strategy is: Giant tax cuts for multimillionaires minus slashed public services for the middle-class minus letting our infrastructure rot equals even bigger budget...

Basel III Is Still Bonkers

It's been two days, and the new Basel III bank regulations are still lousy. Martin Wolf slams the international banking accord here and Yves Smith agrees here, although Felix Salmon notes some improvements over the current banking regime here and Tim Fernholz offers a...

Social Security Proposal Make Them Work -- Longer

Update - please see RJ Eskow's post, As The Aging Stoop To Their Labors, Prosperous Pundits Lecture Them About Sacrifice Washington is talking about cutting Social Security for working people at the very same time it is talking about extending tax breaks for the...

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