The consuming debate about our debt and the economy has obscured a major foreign policy event that’s right around the corner: Next month, the United Nations general assembly is likely to approve a resolution recognizing a Palestinian state with East Jerusalem as its capital. The Obama administration strongly opposes this move, and is sure to [...]
The man tapped by Rupert Murdoch to oversee News Corp.’s internal probe of wrongdoing by the company has some elite qualifications. Viet Dinh went to Harvard and Harvard Law School, clerked for Justice Sandra Day O’Connor, served as assistant attorney general early in the Bush administration, co-authored the Patriot Act, and now teaches corporate law [...]
Harry Reid will appoint Max Baucus, the Senate’s top tax-writer, campaign chief Patty Murray and shadow secretary of state John Kerry to the supercommittee tasked with finding more than $1 trillion in savings by year’s end. The debt debate seems to have damaged the Republican brand: Democrats are at an even 47-47 in a CNN [...]
Wisconsin Democrats knocked off two GOP state senators on Tuesday night, exacting a hard-fought political price on Republican lawmakers for restricting collective bargaining rights of state and local employees. National advocacy groups funneled tens of millions of dollars into nine races, seven of which have now been decided, turning a parochial skirmish into an all-out [...]
Persistent unemployment is tragic, not funny. The Federal Reserve is boring, not funny. The Fed’s impotence in the face of persistent unemployment is scary, not funny. But the newsy statement from the Fed’s meeting on Wednesday, while full of the usual eyes-glaze-over econo-jargon about “investment in non-residential structures” and “low rates of resource utilization,” is [...]
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Mitt Romney’s camp is up in arms today about a Politico report that team Obama plans to “kill Romney” with a barrage of personal attacks that make him out to be a weirdo who flunks the have-a-beer-with-him test. (“Disgraceful,” Romney’s campaign manager told Fox News this morning.) Never mind that the metaphor quoted above is [...]
For politicians, naming a favorite book is often a chance to borrow some clout. But it can also put them in the sticky spot of having to defend ideas they’d rather not endorse. While she was a Minnesota state senator, Michele Bachmann posted a list of nine favorite works on her website. Here’s a look [...]
After Monday’s enormous sell off, the Fed is raising hopes with its meeting today in Washington. It has two options: more bond-buying or setting a higher inflation target. A primer for today’s recall elections in Wisconsin: Joshua Spivak puts them in context and Abe Sauer has great color from the ground.
The 6% stock-market sell-off on Monday elicited hopes from Wall Street that Washington would do something to reassure the world that it is serious about its mounting debt and determined to reinvigorate the stalled recovery. Sadly, there’s not much D.C. can do, and what it can, it likely won’t. For starters, the standard Washington response [...]
