Giving In on Trading, Banks Look to Other Losses (NYTimes)
The Volcker Rule is almost a done deal, but Wall Street is determined to hold the line there.
Don't Forget the Kanjorski Amendment (Baseline Scenario)
Simon Johnson highlights an important proposal that would empower regulators to preemptively break up banks whose size began to threaten economic stability.
Fiscal conservatism may be good for one nation, but threatens collective disaster (The Independent)
Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz warns that public sector wage cuts will result in more households defaulting on their debts, which could strain the fragile banking system to its breaking point.
The Unemployed Held Hostage (NYTimes)
It's time for Congress to stop playing games and pass another extension of unemployment insurance.
Election saps energy's motion (Politico)
President Obama plans to renew his call for a comprehensive climate change bill, but Democrats may once again have to be dragged kicking and screaming into action.
Lawmakers' committee assignments and industry investments overlap (WaPo)
Legislators from both parties have invested millions in the industries they're supposed to be regulating, creating an enormous conflict of interest. They probably have a lot riding on the company that produces those little flag pins, too.
The Sagging of the Middle Class (NYTimes)
Middle-class jobs are being automated or disappearing overseas, and education and training may not bring them back.
Debt Default: It Can Happen Here (Capital Gains and Games)
Think a Republican Congress won't be obstinate enough to let the U.S. default on its debt? Are you willing to bet the economy on it?
Unfazed by Reality (NYTimes)
Bob Herbert argues that the opponents of more state aid have shown a stunning indifference to the potentially devastating impact of further budget cuts.
The U.S. wins the right to abduct innocent people with impunity (Salon)
By denying a petition of review to Maher Arar, the Supreme Court upheld the claim that kidnapping people who have committed no crime and sending them to Syrian torture dungeons is as American as apple pie.
How Lithium Didn't Save the Bolivian Economy (Think Progress)
The discovery of vast mineral deposits in Afghanistan has raised hopes that it could become a wealthy nation, but natural resources don't always go hand in hand with freedom and prosperity.
Atlas Shrugged: The motion picture (WaPo)
Who is John Galt? Just some guy from One Tree Hill. Coming soon to a DVD bargain bin near you!
Oil Company Ad: We Destroy Glaciers (GOOD Blog)
The real irony is that the company's name is Humble.