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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...

Is Compromised Health Care Reform Still Worth It?

Our bloggers Terrance Heath and Bill Scher dive into the question that is now dominating progressive political debate: Has the health care reform bill been so seriously compromised—first with the dilution and ultimate elimination of the public option and now with the...

The Fight Rages On

I have a piece up on my own blog which challenges numbers-whiz Nate Silver for his takedown of progressives. He doesn't think they should be fighting for a better health bill, and that they should be delighted with the one that's expected to pass the Senate. Warning:...

Federal Reserve: Are You Listening To Your Own Data?

The Federal Reserve today releases industrial production data with good news. Will it draw the right conclusions? First the good news. Industrial production increased 0.8 percent in November, and capacity utilization for total industry moved up 0.7 percentage points...

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