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Another week, another distraction for the Romney campaign. This latest flap, though, is instructive. The revelation that Romney told donors that nearly half all Americans are basically freeloaders offers insights into the core ideas -- or myths, as it turns out -- that animate modern conservative
Blog
David Callahan
This week marks the 25 th anniversary of the Montreal Protocol, which reduced or eliminated the use of chemicals that led to ozone depletion. As a result, the ozone layer is now on track to recover in 50 years, an impressive feat considering the size of the hole in the ozone layer.
Blog
J. Mijin Cha
Blog
J. Mijin Cha
As we celebrate Occupy Wall Street’s first birthday, the movement's pivoted from financial regulation to focus on crushing consumer debt. While reforming debt is crucial (particularly student debt), finance remains an imminent threat to the American economy. We shouldn't forget it.
Blog
Joseph Hines
No idea is more central to conservative economic thinking than the belief that cutting taxes leads to higher economic growth. One can certainly understand the appeal of this belief: It would be great if government could collect the same amount of revenue, but with much lower tax rates, because those
Blog
David Callahan
The weather may be cooling, but the summer of money laundering is far from over. There hasn’t really been an uptick in banks looking the other way on dirty money (they have for years), it’s that regulators are finally stepping up.
Blog
Joseph Hines
It might as well be Harry Potter’s invisible Knight Bus, because no one can prove it exists.
In the media
Stephanie Saul
Fossil fuel interests have spent over $153 million in television ads attacking President Obama’s clean energy agenda.
Blog
J. Mijin Cha
Sick of investment advice from hacks like Warren Buffet and Donald Trump? Ask a congress member. Roll Call published their latest list of the “ 50 Richest Members of the 112th Congress” last week. Texan House Representative Mike McCaul took first place, reporting a minimum net worth of $305.46
Blog
Jack Grauer
Four years ago today, Lehman Brothers collapsed as Hank Paulson and his colleagues made the fateful decision that free market principles demanded that at least one bank crippled by the deteriorating financial system had to be sacrificed at the altar of moral hazard. These “deciders” had no idea of
In the media
Wallace C. Turbeville