Financial reform actually passed. Another victory for Obama, despite the furious objection of the other party and their Wall Street masters. Much too late, of course, and not strong enough, but at least they’re turning the Titanic slowly away from the deregulatory daze that got us into this mess in the first place. That’s little [...]

The results of the administration’s bank stress tests will be revealed on Thursday. Frankly, I don’t put a lot of faith in the results. Maybe I’m getting too cynical in my old age, but  I’m betting that the fix is in, and this is going to be used as a public relations victory for the [...]

I love the term, “shovel ready,” used to describe those projects states have ready to go as soon as the stimulus money is released. Given the grim state of the economy and the widespread despair over the the condition of the stock market (and thus our retirement investments), I keep thinking of another meaning for [...]