A week ago in the living room of South Carolina’s Democratic nominee for the U.S. Senate, I asked Alvin Greene if there was anything that had not yet been written about by the press that he wanted to get out. “Bring the Air Force discharge up,” Greene replied. “Y’all go and get that.” This was [...]
Really. Given the all the space being sucked up by the Gulf Spillocaust, you might have missed these two encouraging developments: 1. The Chinese are allowing their currency to float upwards. This will increase the cost of Chinese products a bit and decrease the price of U.S. exports to China. It may have some positive [...]
Official White House Photo by Pete Souza –Ahead of this week’s G20 summit in Toronto and in wake of intensive lobbying efforts by Timothy Geithner, China has announced plans to allow its currency to float against the dollar. It’s widely viewed as a strategic concession, and the long-term impact of the decision is still largely [...]
Columbus, OH — Perhaps no state highlights the challenges facing Barack Obama and the Democrats this fall more than Ohio. The state’s unemployment rate is pushing 11 percent, above the national average, and although there is precious little sense here that an economic recovery is underway. Voters are feeling not just economic insecurity but “fear,” [...]
From TIME’s White House Photo Blog.
The embattled BP CEO is turning over day-to-day responsibilities in the Gulf to Bob Dudley, the company’s managing director. BP chairman Carl-Henric Svanberg made the announcement in an interview with Sky News. [UPDATED with video clip below] Interviewer Jeff Randall characterizes Hayward’s performance testifying before a congressional committee yesterday as “wretched.” Perhaps Svanberg agreed or, [...]
David Sanger of the New York Times raises the possibility that the President is courting danger by getting tough on the tinhorn titans of industry. He quotes Professor Jeffrey Garten of Yale: “He’s walking a very fine line here,” said Jeffrey Garten, a professor of trade and international finance at the Yale School of Management [...]
Even though I agree with him about the rancid nature of Elliott Abrams’ Commentary commentary, Matt Yglesias is slightly off when he “accuses” Abrams of dual loyalties. The dual loyalties charge has to do with putting Israel’s interests over those of the United States. Abrams is merely scolding those American Jews who consider other priorities–political [...]
