The great Thomas “Mustache” Friedman is perhaps best known for encouraging the invasion of Iraq (and subsequent resistance insurgency, civil war, thousands of American and hundreds of thousands of Iraqi deaths, eventually leading to the formation of ISIS – plus the trillions in costs) by saying, “What they [Muslims] needed to see was American boys and girls going house to house from Basra to Baghdad and basically saying ‘Which part of this sentence don’t you understand?’ … Well, Suck. On. This.” He is also known among the blogger set for what Duncan Black coined as the six-month “Friedman Unit,” because he claimed for years that the Iraq war would be “turning a corner” in another six months’ time.
Andrew Ross Sorkin of the New York Times has attacked Sen. Elizabeth Warren. Her offense? Criticizing the appointment of yet another Wall Street banker to a top economic post.
He's eloquent, he's popular ... and he's out of touch with the daily lives of most Americans. Bill Clinton's economic worldview spells trouble, both for a party that's still reeling from defeat and for a nation where millions of people struggle just to make ends meet.
The secret Goldman Sachs tapes released this week by ProPublica and This American Life are attracting a lot of attention, and rightly so. They were clandestinely recorded by Carmen Segarra, an investigator for the New York Federal Reserve Bank who was eventually fired -- either for being uncooperative or, as she says and the tapes suggest, for attempting to be a strong regulator.
Tolstoy wrote in War and Peace that "kings are the slaves of history." And when the "king" in question depends on the patronage of happy customers for his well-being, his monarchy is also a slave to public opinion. Unfortunately for Burger King, which intends to renounce its American status for tax purposes, neither history nor public opinion is on its side.
Problem: Your right-wing relative is plugged into the Fox-Limbaugh lie machine, and keeps sending you emails about “Obama spending” and “Obama deficits” and how the “stimulus” just made things worse.
Preliminary reports say that a $16 to $17 billion settlement will soon be announced between the Justice Department and Bank of America. That would break the record for the largest bank settlement in history, set less than a year ago by a $13 billion agreement between Justice and JPMorgan Chase.
A few months back the filmmakers Carl Deal and Tia Lessin got some bad news. The PBS funding that they had counted on to complete their documentary on campaign financing was being withdrawn. This setback came not long after PBS took the unusual step of warning David Koch (of right-wing billionaire donors “the Koch Brothers” fame) that he had been negatively portrayed in another of the networks documentaries, and giving them a chance to respond.
After Sen. Elizabeth Warren (D-Mass.) gave her rousing speech at the New Populism Conference Thursday, she, of course, was asked if she was going to run for President. (The crowd was chanting “Run, Elizabeth, Run!”)
This week Sen. Elizabeth Warren and six colleagues introduced the Equal Employment for All Act, which would make it illegal for employers to disqualify job applicants based on their credit scores. It's an admirable and important bill which deserves our support. It also gives us an opportunity to have a broader discussion about the kind of society we hope to become.