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A Final Report Card on the Reagan Years?

Our current economic meltdown may finally have ended the era that began when Ronald Reagan became President. Now a new study — from the Congressional Budget Office — helps us understand the inequality that has us melting. more »

Fed has abandoned monetary policy, critic says

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uk.reuters.com — SAN FRANCISCO (Reuters) - The Federal Reserve has embarked on a campaign of unsupervised industrial policy to end the country's financial crisis, a move that could undermine its independence, a former top U.S. official said on Saturday. John Taylor, who was under secretary of treasury for international affairs from 2001 to 2005, said the explosive

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Rough Weather Ahead

From Rep. Heath Shuler's (D-NC) district, in a state with unemployment already above the national average:

ASHEVILLE, N.C. more »

Francis A. Boyle: From Dachau to Gaza

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scoop.co.nz — With respect to international law both America and Israel are rogue states. Both administrations have enormous influence over each others actions. While you read remember that Israeli actions are carried out with tacit or declared US administration approval.

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It's a Wonderful Movie

Every year, I watch the holiday screening of the 1946 film “It’s a Wonderful Life,” and marvel at how relevant the film remains. That was true in spades this year. more »

"You Have Bad Luck”

It's an article of faith among free-marketeers that Americans are overregulated. But most Americans have forgotten what freedom from regulation really looks like. more »

The Death of Deep Throat and the Crisis of Journalism

By George Friedman at www.stratfor.com

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Bush administration NonFeasance-Malfeasance

The Bush administration seems to have had a number of officials who have demonstrated nonfeasance or malfeasance including regulatory officials and individuals such as the VP. Is prosecution of these "crimes" possible in the future?

Dejavu all over again

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nikinomo.blogspot.com — comments on the savings & loan crisis quoting Lester Thurow (1993)

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Warren Invocation: Landing a Left Hook

Digby pointed to this clip from MSNBC's Hardball featuring Reverend Eugene Rivers, and gay activist Mike Rogers. They were there to discuss the controversy over Pastor Rick Warren's invitation to give the opening prayer at Barack Obama's inauguration. more »

US Energy Fleet to Win the War To Save Our Planet and Economy

With the government now in the banking, infrastructure, and auto business, why not the energy business?

My background has included developing and testing the hydrogen fuel cell electrical power systems for the challenging Apollo program. more »