Three Cheers For Institutional Corruption

The NY Times: A secretive network of Republican donors is heading to the Palm Springs area for a long weekend in January, but it will not be to relax after a hard-fought election — it will be to plan for the next one. Koch Industries, the longtime underwriter of libertarian causes from the Cato Institute in...

Dividing the Spoils

Um, Alison, I’m not sure if this is what John Quiggin meant when he said “Citigroup’s global operations are too big for the US to handle alone.” Still, your scoop does lend credence to the theory that modern capitalism was invented by pirates. Ahem. Related: For more on  Citigroup’s...

“The Foundations of US Capitalism Have Shattered.”

Hat tip to local Vancouver celeb buzzbishop via Twitter. In fact, it really does look as if the foundations of US capitalism have shattered. Since 1864, American banking has been split into commercial banks and investment banks. But now that’s changing. Bear Stearns, Lehman Brothers, Merrill Lynch...

Obama’s Speech On The Economy

Today, while the focus of the political media will be upon Michael Bloomberg’s introduction of Obama, it is important to note that after the interesting warm up, there was an actual substantive speech delivered afterwards. You can read the transcript here. From a policy standpoint I must admit to not...

Truthful Lies, Respectable Murder

“A lie repeated often enough becomes truth.” – Vladimir Lenin Via Alison, seeds of confusion and doubt continue to be sown through an unofficial private/public partnership that has been cultivated between law enforcement officials and the private security sector. Some believe there could be deadly...

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