First Hurricane Irene flooding the Northeast, then wild fires consuming the Southwest, and now THIS. 

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 [...]

One of the basic sci-fi dystopian plots came true yesterday, as computer -generated trading apparently took control of the stock market and nearly crashed it. More and more trading is done according to complex programs developed for highly sophisticated computers, which can analyze data and make trades faster than we poor, limited humans can. The [...]

The closer we get to economic recovery, the more difficult it’s going to be to reform Wall Street. Congress has already dithered for almost a year, and still no substantial reforms of the practices that led to the economic meltdown have emerged. For all Obama’s lecturing of the miscreants, he’s done little to force them [...]

A year later, and the folks who gave us the worst economic crisis since the Great Depression are back at it. You’d think that the debacle would have given them at least a small does of humility, but no. Having been bailed out with hundreds of billion of the public’s money, they’re rewarding themselves for [...]

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 [...]