As a frequent visitor to , and devoted admirer of, Cape Cod–the herring were running last weekend (one of Ted Kennedy’s favorite events)–I am thrilled that the nation’s first offshore wind farm will be located in Nantucket Sound. This was opposed by fair-weather environmentalists like Robert F. Kennedy Jr. (and, sadly, by his uncle) …
Big fans of Adam Moss’s New York magazine (4 National Magazine Awards!) already know that he has put Sarah Palin on the cover this week, with a headline written like the FedEx logo, “PalinInc.” The point: The former Governor of Alaska is getting rich quick. “The Revolution Will Be Commercialized,” runs the headline inside. Then comes the …
While trapped in the United Kingdom by volcanic ash, I decided to visit one of the dozen crucial swing constituencies to find out what British voters are thinking ahead of next week’s general election. Over the past decade, I’ve canvassed thousands of voters in just about every swing state: I once spent two days in Pennsylvania exurban …
Official White House Photo by Pete Souza
–The latest Washington Post/ABC News poll depicts a fiercely anti-incumbent mood with just 32 percent of respondents saying they would re-elect their representative. The internals have some positive indications for Obama though with job approval and issue-specific approval ticking …
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The Democratic National Committee is going up on national cable and in the D.C. market with the above ad hitting Republicans for blocking debate on financial reform. There’s a clear nod to the midterms at the end of the spot and DNC spokesman Hari Sevugan says it’s just the …
Senate Majority Leader Harry Reid this afternoon made a second pass at starting debate on financial reregulation but to no avail: the vote ended exactly as it did yesterday 57-41, mostly along party lines. The scene is starting to feel a bit like Groundhog Day: isn’t doing the same thing repeatedly expecting different results the …
By the time Carl Levin – who has not passed up a chance to swear today – had the opportunity to tussle with Lloyd Blankfein, he had spent hours belaboring his central gripe with Goldman. Namely: that the Wall Street behemoth sold consumers products Goldman believed were close to worthless while shorting those assets themselves. “To …
The president’s “National Commission on Fiscal Responsibility and Reform,” chaired by Democrat Erskine Bowles and former Republican Senator Alan Simpson, held its first official meeting this morning at the White House. Speaking about the endeavor, Obama pointed to the challenges financial crisis and economic downturn thrust on the …
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While the U.S. Chamber of Commerce is busy airlifting executives into Washington to protest Blanche Lincoln’s derivatives plan, it is also singing her praises on Arkansas TV.
(via Salon)
Adding to Alex’s fine work here, Barbara Kiviat over at the Curious Capitalist blog, writes a post called, “Goldman Execs Still Don’t Get It.” It is long and worth reading. And excerpt:
After the mania ends, it is easy to look back and understand how behavior got out of hand. Three years after the credit crunch began, it is shockingly
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For more than five hours, Senators laid into the four current and former Goldman execs sitting on the first of three panels today. The inquisitors took markedly different approaches. Democratic Sens. John Tester of Montana and Mark Pryor of Arkansas adopted a softer tone, and at times Tom Coburn, the ranking minority member of the …
From the White House photo blog. The photo was taken today in Iowa, as the President toured a Siemens plant. Your best caption is requested in the comments below.