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Bernanke: Time's Man of the Year

Time Magazine's naming Ben Bernanke "Man of the Year" is a little bit like celebrating an arsonist for his heroics in putting out a fire that he set. Bernanke has done creative and bold work in staving off a fianancial free fall. But he would also be on any list of...

Curbing Big Banks: Draw the Damn Line

Enjoy the health care debate? Wait until the Senate takes on the big banks. It already looks like déjà vu all over again. Democrats, bloodied from self-inflicted wounds in the health care debate, may well commit seppuku over financial reform. The script is...

The Wrong Recovery

Things are supposed to be looking up. Today’s data from the Bureau of Economic Analysis gives a fuller picture: low wages and declining domestic production. Real average hourly earnings fell 0.5 percent from October to November, seasonally adjusted The U.S....

Somebody at TIME Hasn't Done Their Homework

That somebody is Kate Pickert, who wrote about the excise tax at TIME's "Swampland" blog. Editors will be editors, so we can't necessarily blame her for the piece's misleading title: "Who Should Pay for Health Care Reform - the Rich or the Richly Insured?" But she...

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