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Facebook and Tahrir Square Revisited

Facebook's initial public offering last week 'offered' the world another double dose of windfalls and greed. But Egypt's elections this week may bring an IPO of a different sort, the 'initial public offering' of an antidote to avarice. Remember the heady days of the...

JPMorgan Chase Break Up the Big Banks Now Heres How

When Jamie Dimon revealed that JPMorgan Chase had lost billions through risky and legally questionable trading, he said the losses would be about $2 billion and maybe more. Apparently it is more - a lot more. People in a position to know are saying the real figure is...

We Had Money In The Federal Budget For What

From the House Republicans whose leader, Speaker John Boehner, just three days ago claimed that "we can’t go on spending money we don’t have," and "our economy is stuck in large part because it’s stuck with debt," comes this: The House on Friday approved a sweeping...

Austerian Pride

Yesterday I posted (twice!) a Think Progress chart proving that the government under president Obama had pursued austerity policies. It was done to refute Mitt Romney's outright lie that the president had spent the country into oblivion, but some of us wondered why...

Romney The Right & The Bully Economy

My first reaction to the now-famous Washington Post story of how an 18-year-old Mitt Romney bullied and assaulted a fellow student at the prestigious Cranbrook School was personal. The story is well known by now. Romney objected to John Lauber's bleach blonde hair,...

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