News

Senators Forced To Fly Blind To Beat The Christmas Healthcare Deadline

The Democrats desperately want to pass a health care bill through the Senate before Christmas, so that it can go through conference and be voted in early next year.  The Senate is saying they can do this.  Here’s what I don’t get:  what about the CBO score? Unless they actually […]
Senators Forced To Fly Blind To Beat The Christmas Healthcare Deadline
Markets

Investors As Regulators: Another Stupid, Self-Serving Plan That Won’t Work

These days nearly everyone agrees that the old regulatory structure clearly failed. Unfortunately, almost every proposal for reform is also destined for failure. Take the proposal by NYU adjunct professor Ann Lee in the Financial Times. She warns against having regulation controlled by ex-bankers or their close associations. Instead, she […]
Investors As Regulators: Another Stupid, Self-Serving Plan That Won’t Work
Tech

How Health Insurers Are Using Facebook Games To Block Healthcare Reform

Last night, G4 network’s “Attack of the Show” had me on to discuss our story about how health insurance industry trade groups opposed to President Obama’s health care reform bill are paying Facebook users fake money — called “virtual currency” — to send letters to Congress protesting the bill. Watch:
How Health Insurers Are Using Facebook Games To Block Healthcare Reform
News

The Healthcare Polling Data That Has Democrats So Freaked Out

Polled support for the health care plan wending its way through Congress continues to crash downward in the polls.  And before you say it, it’s not just Rasmussen, which has actually been pretty much in the middle of the other polls.  Here’s where we stand as of today.
The Healthcare Polling Data That Has Democrats So Freaked Out
News

Obama Takes Squishy Middle Ground On Afghanistan

We were heartened, a few weeks ago, when reports emerged that Obama planned to cut and run in Afghanistan. That decision seemed to show a willingness to not stay wed to sunk costs, and to realise a lost cause — as difficult as that would be.
Obama Takes Squishy Middle Ground On Afghanistan
Markets

Congressman Proposes Tax On All Wall Street Trades

Congressman Peter Defazio’s proposed bill, “Let Wall Street Pay for the Restoration of Main Street Act of 2009,” is getting attention for the .25% tax it would impose on trades, but it might be difficult to find legislative support for the bill beyond its five co-sponsors.
Congressman Proposes Tax On All Wall Street Trades
Markets

GASP: Obama’s State Dinner Is Serving The Wrong Wine

The White House has offered reporters a sneak peak at tonight’s state dinner, the first for Barack Obama’s presidency. Reporters crammed into the state dining room, got hold of the menu, and learned what the 220 or so guests will be served.
GASP: Obama’s State Dinner Is Serving The Wrong Wine
Markets

Republicans Are Deficit Hypocrites

The human capacity for self-delusion never ceases to amaze me, so it shouldn’t surprise me that so many Republicans seem to genuinely believe that they are the party of fiscal responsibility. Perhaps at one time they were, but those days are long gone.
Republicans Are Deficit Hypocrites
Markets

Shareholder Democracy Will Be Distracting, Ineffecient And Chaotic

The advocates of shareholder democracy portray the reforms likely to be adopted by the SEC early next year as a victory for ‘owners’ over ‘management.’ Unfortunately, there’s really no such thing as an “owner” of a modern widely-held public corporation. Instead, there are many different classes of people with ownership […]
Shareholder Democracy Will Be Distracting, Ineffecient And Chaotic
News

Saturday Night Healthcare Showdown On Capitol Hill

The first big fight in the Senate on healthcare reform will come to a head Saturday night. Republicans have vowed to block the proposal and are planning on filibustering a vote scheduled for Saturday night that would clear the way for a lengthy debate on the substance of the reforms […]
Saturday Night Healthcare Showdown On Capitol Hill
News

Obama’s Approval Rating Dips Below 50%

With voters unhappy about his handling of the economy and the war in Afghanistan, President Barack Obama’s approval rating has fallen below 50% for the first time in Quinnipiac polling.
Obama’s Approval Rating Dips Below 50%
Markets

JP Morgan Hires Lobbyists From The “Swine Flu” Law Firm

JP Morgan has hired two lobbyists who were the top tax policy experts for Senator Max Baucus, the chairman of the tax bill writing Senate Finance Committee. The two lobbyists, Patrick Heck and Michael Evans, now work at K&L Gates, LLP. That’s the law firm where a partner recently berated […]
JP Morgan Hires Lobbyists From The “Swine Flu” Law Firm