Updated, 4:40 p.m. At a naturalization ceremony held this morning for active-duty service members, President Obama called on Congress to take up immigration reform, pointing to Arizona’s controversial immigration bill — which some observers have denounced as draconian, or even fascist — as underscoring the need for new federal standards. From Obama’s speech: [...]So responsibility. [...]
Despite what Glenn Beck’s chalkboard says, George Soros is one of the world’s most successful capitalists, and a major advocate for more regulated markets. Today, in the Financial Times, he repeats a claim that I have been hearing a lot lately, without much substantiation. The five big banks which serve as marketmakers and account for [...]
JIM WATSON/AFP/Getty Images –As I noted yesterday, Democrats have Senate Republicans in somewhat of a headlock over financial reform. From the Wall Street Journal: Nerves appeared to be fraying among Republicans faced with the increasingly unappetizing prospect of opposing new curbs on Wall Street. … Republican aides said the party faced a dilemma: It could [...]
While Republicans were quick to note that the timing of the SEC’s suit against Goldman Sachs was perfect for Democrats, it was even more propitious for the agency itself. The charges against Goldman shunted from the headlines a scathing report by the SEC’s inspector general on the agency’s failure to act on suspicions that Texas [...]
I need say nothing else. From Time’s London Bureau Chief Catherine Mayer: Who won the second of the televised debates between the three men battling to be Britain’s next Prime Minister? The current Labour PM Gordon Brown? His Conservative challenger David Cameron? The Liberal Democrat leader Nick Clegg, elevated by last week’s debate from third-party [...]
“We’re very close to a deal,” Richard Shelby, the ranking Republican on the Senate Banking Committee said Wednesday. “We’ll take the next step,” intoned Senator Olympia Snowe, a prime target for aisle-crossing outreach. “Folks on our side of the aisle want a bill,” Bob Corker, a key GOP architect of portions of the Senate bill, [...]
Adam linked this morning to a Politico piece that contends the media, after mostly missing the Tea Party’s emergence, has since spilled way too much ink on the movement. Certainly many Swamplanders have made this argument already. Dave Weigel has a fair rebuttal, I think: “If a political movement, however loosely aggregated, is driving the [...]
So says the Congressional Budget Office, which released a brief report today on the effects of the health reform law. According to the report, about 4 million of the 21 million expected to lack coverage in 2016 will be subject to a tax penalty of $695 or 2.5% of income, whichever is higher. The rest [...]
It’s about to start in a matter of moments. I’m at a pub, The Red Lion, across from 10 Downing Street — just about the only pub in London that’s broadcasting the debate so far as I can tell. CNN also found it extraordinarily difficult to find a pub willing to switch from the big [...]
