“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...

Chris Matthews Slams Eric Cantor

I have never seen someone attack an interview the way Matthews attacks Cantor for denying his...

The Republican Red Carpet

At least they are no longer trying to hide their elitism. Laura Bush Oscar de la Renta suit: $2,500 Stuart Weitzman heels: $325 Pearl stud earrings: $600–$1,500 Total: Between $3,425 and $4,325 Cindy McCain Oscar de la Renta dress: $3,000 Chanel J12 White Ceramic Watch: $4,500 Three-carat diamond earrings:...

Finally, Scientific Proof of the Obvious

Via Dani Rodrik’s weblog… When a Republican president is in power, people at the top of the income distribution experience much larger real income gains than those at the bottom–a difference of 1.5 percent per year going from the bottom to the top quintile in the income distribution. The...

The Giuliani Lesson

It will take quite some time before political scientists are able to adequately understand how the accelerated primary schedule we began this year will affect campaigns and candidacies in the future.  With Super Tuesday still a week and a day off, and no one in either party looking to run away with the...