The most important insight into the state of the Republican presidential race won’t come from the continuing series of GOP debates, but from fund raising figures that will be released at the end of September. All the candidates want to show they can build up cash by the Sept. 30 third-quarter disclosure deadline, especially the …
Last night’s GOP presidential debate and the Eurozone financial crisis may seem like the most important issues of the moment, but the biggest news yesterday may have come, barely noticed, on the diplomatic front.
Obama’s plan for boosting the economy may seem huge—he proposed $447 billion in tax breaks and spending in his speech on Thursday night—but according to some economists, none of it will work until the problem that caused the …
The five biggest mortgage servicers have cancelled a planned negotiating session with representatives of the 50 State Attorneys General in apparent protest over a federal regulator filing suit against them, a source familiar with the matter tells TIME.
The first question posed by Rick Perry’s much-ballyhooed entry into the GOP presidential race was whether he would run to the center, targeting Mitt Romney and positioning himself for the general election, or whether he would stay in his Tea Party comfort-zone on the right wing. It’s an indicator of the success of Michele Bachmann’s …
Now that House minority leader Nancy Pelosi has named Reps. Chris Van Hollen, Jim Clyburn and Xavier Becerra last three members of the “super-committee” tasked under the debt limit deal with producing $1.5 trillion in deficit reductions by Thanksgiving, we can prepare for an avalanche of predictions about how deadlock is inevitable …
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 …
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. …
S&P’s downgrade of U.S. sovereign debt from AAA to AA+ though symbolically and politically powerful, was already destined to be met with skepticism in New York and DC. The fact that the beleaguered rating agency managed to make …
Harvard’s Jack Goldsmith has an interesting take on the Obama administration’s crackdown on government leaks at Lawfare.
Some have argued that George W. Bush, Dick Cheney and David Addington, by claiming near-limitless executive branch authority, produced an ironic backlash from the courts, which for example in the case of Osama …
In March 2004, one of the early investors in the New Jersey in-store advertising firm Floorgraphics sent a confidential fax to News Corp.’s Chief Financial Officer, David DeVoe. The fax contained a long list of alleged anti-competitive practices by News America Marketing, a News Corp. subsidiary and competitor of Floorgraphics. The …
Eight years after the last U.S. detainee was waterboarded, America is still debating whether it crossed the line of torture — and whether it was worth it. At the Aspen Institute’s annual Security Forum on July 30, the debate …
While everyone focuses on the pathetic, dangerous political theater of the fabricated debt ceiling crisis, here’s a crisis that is actually responsible for the stunted recovery. Bank of America has joined Citigroup, J.P. Morgan Chase and others in bulldozing homes to reduce the housing supply. It is the latest indication of how desperate …
