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Call It Corruption Not Ideology

Yesterday, the president of the United States held a press conference with the DC elite press corps. They had the opportunity to ask the president what our government is doing about the nation's most serious problems. There were no questions about the climate change...

Trade that Hurts

“Uncertainty” is the pitchfork that corporations now effectively wield to prod politicians into action. It’s a threat, as in, if Congress doesn’t do this or that, such as avoid the fiscal cliff or raise the debt ceiling, then corporations will suffer the unbearable...

The Chess Master Behind That AIG Lawsuit Story [video]

People were outraged that AIG's board of directors considered suing its own rescuers last week. As a former AIG employee, I had a slightly different take on that story: The outrage was warranted (and Warren-ted), but there was somebody behind the scenes pulling the...

Paul Krugman Explains the Keys to Our Recovery

Nobel Prize-winning economist and New York Times columnist Paul Krugman argues that saving money is not the path to economic recovery. Instead, he says, we should put aside our excessive focus on the deficit, try to overcome political recalcitrance, and spend money to...

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