- Paul Krugman recommended this group on his blog Conscience Of A Liberal. I fell in love with the song. Took me back to my times back in Austin Texas.
- .Should she retire?
Amid calls from some liberals that she step down in time for President Obama to name her successor, Justice Ruth Bader Ginsburg said she was fully engaged in her work.
Justice Ginsburg said her retirement calculations would center on her health and not on who would appoint her successor, even if that new justice could tilt the balance of the court and overturn some of the landmark women’s rights decisions that are a large part of her legacy.
- Did The New York Times fail its New York readers once more with the endorsement of Ms. Quinn? Inasmuch as New York is the bastion of income inequality and the root of the excesses of a Plutocracy they state
Ms. Quinn has no specific plan to require the richest New Yorkers to pay more in taxes in service of important civic goals (she says she will raise taxes as a last resort), but neither has she made a long list of unrealistic promises. The biggest challenge has not been talked about much — next year the new mayor will have to confront a budget crisis with no money to spare and all those expired municipal contracts to settle.
- Let them shut the government down already. Having an intransigent Republican Party hold America hostage by using a financial collapse as a bargaining chip will only hurt the middle class and the poor. Republicans want to use the fear of a shutdown to remove earned rights and to continue the pilfer by the few on the many. A shutdown hurts everyone including the 1%. Negotiations only hurt the poor and the middle class.
Obama has insisted he will not negotiate on the debt ceiling. But the confluence of events this fall will make it hard to separate that deadline from a budget deal.
Corker said the “no negotiation” stance of the White House is merely rhetorical.
“Why are we talking right now?” he asked. “Deadlines help focus people’s minds. We don’t sit around talking about the deadlines. But let’s face, it, the funding of government next year and the debt ceiling issue, of course that’s what driving these conversations to take place.”
- Liz Cheney should have known better. Could a fishing license be her undoing?
But Cheney’s entry onto the political stage in this deeply conservative state, where hunting and fishing are sacred rights, was marred by reports that she had inappropriately obtained a resident fishing license after living in Wyoming for just a few months.
- .Rev. Al Sharpton at 50th Anniversary of March on Washington.
- The crisis is over. The challenges for central bankers are only beginning. Really?
“The biggest bubble of them all,” said Vincent Reinhart, chief economist at Morgan Stanley, “has been the bubble in central banking.”
Only six years ago, there was a general agreement as to what role these powerful, secretive institutions should play and how they should influence the economy. That understanding has been called the “Jackson Hole Consensus” because it reflected ideas
arrived at in no small part at the economic symposium held in Grand Teton National Park every August, sponsored by the Kansas City Fed. The latest symposium concluded Saturday.