Not surprisingly, this New York Times article, written in the paper's time honored method of recourse to authority, ignores the more serious social implications of the economic restructuring that it describes. The reporters, Peter Goodman and Jack Healy, walk up to the edge of the water by recognizi...

As related here by Yves Smith at naked capitalism , President Obama has decided to place Treasury Secretary Timothy Geithner and National Economic Council chair Lawrence Summers in charge of overseeing the extension of federal financial assistance to the automobile industry. Smith describes the pitf...

Perhaps, it is a little too late to post on this subject. The House has already approved a version of President Obama's stimulus plan, and the Senate will act soon upon another one. There has been a great deal of comment by people from nearly all political persuasions, as well as upon blogs that foc...

I caught fleeting glimpses of the inauguration yesterday morning, while my young son angrily exclaimed his wish to watch Oscar on DVD. Apparently, he preferred Sesame Street to the departing Bush and the incoming Obama.Filtered through the media, the event came across as yet instance of its inabilit...

[First posted on November 7, 2008: The third and final selection of the Obama series. It remains fairly close to what I think of Obama today.] On Tuesday, Barack Obama was elected as the 44th President of the United States. On Wednesday, US forces in Afghanistan launched an airstrike that killed at ...

Under the current circumstances, I have accepted the need for a major stimulus program to spur employment through infrastructure improvements. I have done so for two reasons: (1) as a means of staunching the loss of jobs; and (2) sharing the promiscuous expenditure of government largesse with others...

On Tuesday, Barack Obama was elected as the 44th President of the United States. On Wednesday, US forces in Afghanistan launched an airstrike that killed at least 40 civilians and probably many more. Drones continue to launch missile strikes within the nearby border regions of Pakistan, although it ...

From Bloomberg News : A merger of General Motors Corp., the largest U.S. automaker, and Chrysler LLC may cost 74,000 jobs and close half of the smaller company's plants, according to a report from an accounting firm.The combination may eliminate all but seven of Chrysler's car and truck models, Gran...