The Importance of Reading Slowly

I was sufficiently alarmed after reading the following email from the White House to click on the attached memo immediately. Whereupon I learned that Marian the Librarian is not suddenly part of an at-risk protected class. And, per usual, I need to slow down when I read. THE WHITE HOUSE Office of the Press Secretary [...]

In the Arena

Populist Rage? …Never Mind

A certain newsmagazine–hint: not this one–has put Populist Rage on its cover this week and features a series of essays, several quite good, about all the fury churning out there in pitchfork land. I suppose that there is a fair amount of anger about, especially with stories like this one popping up on an almost [...]

And Now, For Something Completely Different…

Unexpected economic news that is–are you ready for this?–good.

In the Arena

Afghan Plan?

Word continues to dribble out regarding the Obama Administration’s Af/Pak plan–some of it not quite accurate, I suspect. This report from the Guardian seems slightly off, for example. It is true that the US and allies are not too pleased with the way Hamid Karzai is running the country, especially the distribution of economic and [...]

Re: Geithner Plan

A despairing Krugman tells us once again that he doesn’t like it. But it seems that Wall Street does.

Obama’s Green Agenda

Ahead of President Obama’s 12:30pm “remarks about investments in clean energy and technology included in the budget,” I am belatedly blogging this story which got a little lost in last week’s AIG madness. Congress is aiming to pass the FY2010 budget resolution before they break for Easter Holidays at the end of the month, though [...]

JP Morgan’s Corporate Jets

In case your rage has settled to a simmer, Brian Ross has a report out this morning sure to fire up bailout opponents. Apparently JP Morgan, which has recevied $25 billion in TARP funds, is spending $140 million  on two new luxury jets and to renovate the hangar that will house them. Reports like these [...]

In the Arena

Geithner Plan Decoded

In plain English, by Brad DeLong. Obviously, the success of this thing depends on the auction–and one question is whether some of those houses currently holding toxic assets can game the game in a way that inflates the value of their assets. (It’s also good to remember that those assets–the homes in foreclosure–will eventually be [...]

A Sunday Canto For Krugman

UPDATE: Pundit Paul, meanwhile, is still not so happy with Tim Geithner’s bank bailout plan, which is expected to be made public this week.

In the Arena

AIG Sanity

From the excellent Joe Nocera, of the New York Times.