Tim Price

Deputy Editor

Recent Posts by Tim Price

  • August 12

    Aug 12, 2010Tim Price

    daily-digest-150 What you need to know to navigate today's most critical debates.

    daily-digest-150 What you need to know to navigate today's most critical debates.

    When the Fed Speaks (NYTimes)
    After yesterday's stock plunge, it's clear that the markets want stimulative fiscal policy, but those demands are falling on deaf ears.

    U.S. bailouts benefited foreign firms, report says (WaPo)
    The Congressional Oversight Panel has found that the U.S.'s broad bailout program had an international impact, but poor record-keeping prevented TARP architects from properly monitoring or coordinating that flow of funds.

    Robert Rubin is Still Wrong and Joseph Stiglitz is Still Right (CAF)
    Robert Rubin and Roosevelt Institute Senior Fellow Joseph Stiglitz have been debating the merits of job creation versus deficit reduction since the Clinton years, but as Zach Carter notes, Rubin has yet to learn his lesson.

    Social Security at 75: Crisis is More Myth Than Fact (HuffPo)
    As the Social Security Act's 75th anniversary approaches, James Roosevelt debunks some common misconceptions about one of his grandfather's greatest legacies.

    Has the Washington Post Gone Mad? (CEPR)
    Dean Baker wonders why the Post's editorial team has bought into Peter Peterson's Social Security alarmism when the program is safe for the next 27 years.

    Social Security Coalition: Don't Cut It (Truthout)
    An alliance of state and national organizations is urging deficit hawks to get their facts straight and keep their hands off Social Security.

    The BP Cover-Up (MoJo)
    Julia Whitty reports that what we know about the extent of the disaster in the Gulf may only be skimming the oil-slick surface.

    Senators representing their parties, not their states (WaPo)
    Ezra Klein graphs the state aid vote and finds no strong correlation between senators' votes and the unemployment rate among their constituents. Some of them would probably be surprised to learn that they have constituents.

    Debts Rise, and Go Unpaid, as Bust Erodes Home Equity (NYTimes)
    Banks are still trying to blame delinquency on "immoral" borrowers rather than their own foolish lending practices.

    How Wall Street Flipped to the GOP (TNR)
    Jonathan Chait notes that if critics were right about finreg being a love letter to Wall Street, Wall Street hasn't been returning the affection.

    Goldman Sachs could be largely unaffected by financial overhaul (LA Times)
    Meanwhile, the biggest players in the last financial crisis seem to be coping just fine with the new regulations. Uh-oh.

    How Wells Fargo Cheated Its Customers (Forbes)
    A federal judge has ordered Wells Fargo to pay $230 million in restitution to customers whom the bank soaked with unfair overdraft fees.

    CNN Poll is First to Show Majority Support for Gay Marriage (FiveThirtyEight)
    The poll finds that 52 percent of Americans now agree that gay marriage should be recognized as a constitutional right. Keep up the great work, NOM.

    The Right Way to Please the Base (American Prospect)
    Michael Tomasky urges Democrats to find a happy medium between embracing the lunatic fringe and acting as if they're embarrassed by their own policies.

    Yes, Google is a Little Bit Evil (MoJo)
    Despite Verizon and Google's assurances to the contrary, Kevin Drum worries that the new architecture they propose would narrow content choices and cause universal high-speed Internet access to fall by the wayside.

    Zero Grounds (New Yorker)
    Memo to conservatives regarding the non-Ground Zero non-mosque: Grow up and mind your own business. Sincerely, New York City.

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  • August 11

    Aug 11, 2010Tim Price

    daily-digest-150 What you need to know to navigate today's most critical debates.

    daily-digest-150 What you need to know to navigate today's most critical debates.

    House Clears $26.1 Billion State-Aid Package, Dems Slam GOP Obstructionism (HuffPo)
    The bill provides funding for Medicaid and teachers by closing a tax loophole that rewarded outsourcing.

    Fed Sees Recovery Slowing (WSJ)
    The Federal Reserve announced plans to invest in U.S. Treasury bonds, opening the door for more aggressive action if the economy begins to contract.

    The Focal-Point Fed (NYTimes)
    Paul Krugman sees the Fed's new policy as a weak gesture, but it's still better than monetary tightening during a major economic crisis.

    CEOs Less Confident in Recovery (WSJ)
    A new survey finds that business leaders fear the recovery is stagnating and have no immediate plans to start hiring again.

    When did 'more economic pain' become a popular position in American politics? (WaPo)
    Ezra Klein writes that Republicans in Congress and inflation hawks in the Fed know we could do more to boost the recovery, but they simply aren't interested.

    Former senator Ted Stevens dies in plane crash (WaPo)
    Stevens, who represented Alaska in the Senate from 1968 to 2009, was one of five passengers killed in the mountainside crash.

    That Joke About Intergenerational Equity (HuffPo)
    Dean Baker notes that Social Security and Medicare are remarkably healthy despite the economic downturn, yet deficit hawks are still determined to rob the next generation of their benefits.

    The liberal-conservative consensus against massive cuts in infrastructure & the welfare state (Open Left)
    Paul Rosenberg crunches the numbers and finds that while conservative leaders may want to slash government spending, conservative voters are almost as likely as liberals to support many public programs.

    After Fannie Error, Treasury Issues Correction on Mod Program Default Numbers (ProPublica)
    Paul Kiel writes that the Treasury Department's revised default rate for HAMP borrowers is relatively encouraging. Unfortunately, it's also about five times larger than the number they originally reported.

    Is Any Job Better Than No Job? (Slate)
    If employers are having trouble filling openings, Daniel Gross suggests the obvious reason is that they're not offering workers a good enough deal.

    For Those With Jobs, a Recession With Benefits (NYTimes)
    David Leonhardt reports that the while the long-term unemployed are feeling the pain, those who have kept their jobs are enjoying higher wages and increased purchasing power.

    Employers and Credit Scores: An Update (MoJo)
    Kevin Drum has good news and bad news. The good news is that credit agencies aren't sharing your credit score with your prospective employer. The bad news is that they are sharing your entire credit history.

    When Poverty is a Step Up (Think Progress)
    Matthew Yglesias argues that while poverty is a serious problem in America, many low-income immigrants are still better off than they were in their native countries.

    Why the GOP Really Wants to Alter the 14th Amendment (WaPo)
    Harold Meyerson concludes that Republicans have decided that it's easier to disenfranchise Latino voters than it is to win them over.

    Verizon & Google Proposal Is Just a Proposal Not (Yet) a Federal Law (HuffPo)
    Larry Magid explores the implications of the Verizon-Google plan and notes that Congress still has the opportunity to stop it.

    1934-2010: The Road to the Google-Verizon Proclamation (The Atlantic)
    In order to empower the FCC to defend net neutrality, Congress will have to change the rules that it established 76 years ago.

    As Liberals Lose Hope, White House is Losing Its Cool (FiveThirtyEight)
    Nate Silver argues that by pointlessly lashing out at the liberal base, Robert Gibbs demonstrated the need for some fresh perspectives in the Obama administration.

    Obama vs. Obama on Endless Wars: Who Wins? (HuffPo)
    Of course, when it comes to Iraq and Afghanistan, Barack Obama has no harsher liberal critic than... Barack Obama?

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  • August 10

    Aug 10, 2010Tim Price

    daily-digest-150 What you need to know to navigate today's most critical debates.

    daily-digest-150 What you need to know to navigate today's most critical debates.

    Pentagon to cut thousands of jobs, defense secretary says (WaPo)
    Hoping to forestall more drastic budget cuts, Robert Gates announced plans to eliminate the U.S. Joint Forces Command.

    The Horror Show (NYTimes)
    Bob Herbert warns that the employment crisis is even worse than we think.

    Who Are You Going to Believe -- Tim Geithner or Your Own Lying Eyes? (HuffPo)
    Robert Kuttner asks, where's that recovery the Treasury Secretary is bragging about?

    What Progressives Did Right to Win Healthcare (The Nation)
    Roosevelt Institute Senior Fellow Richard Kirsch checks up on healthcare reform a year after the town hall meetings that left it on life support.

    Obama On and Off Base (Dissent)
    Eugene Goodheart defends President Obama's record from liberal critics who argue that he has been too timid to match up with leaders like FDR.

    Desperately Seeking Confirmation of Federal Reserve Board of Governors Nominees (Think Progress)
    Matthew Yglesias thinks the Fed needs new blood to challenge the deficit hawks who are setting policy at the moment.

    Tough new global financial rules are a must (WaPo)
    The Basel III accords are under siege by bank lobbyists who hope to weaken leverage caps.

    Obama: Education is an Economic Issue (Politico)
    In a speech delivered at the University of Texas, the president said that having a college-educated workforce was vital to economic recovery.

    Student Loan Debt Outpaces Credit Card Debt (HuffPo)
    Of course, expanding college education would be a lot easier if more Americans could actually afford it.

    Denver Schools Get Whacked (Rolling Stone)
    A byzantine interest rate deal has saddled the Denver school system with millions in debt, and a sitting Democratic senator is behind it all.

    Despite Extra Help, Weakest Bailed-Out Bank is Still Among the Worst (Pro Publica)
    Meanwhile, members of the Financial Services Committee are under scrutiny for their decision to give special consideration to the troubled OneUnited bank.

    The anti-business president's pro-business recovery (WaPo)
    Ezra Klein notes that, for someone who supposedly hates business execs so much, President Obama's policies have been awfully kind to them.

    8 Surprising Facts About The Shrinking Middle Class From 'Third World America' (HuffPo)
    No, not the good kind of surprise.

    In weak economy, more people are filing early for Social Security (WaPo)
    People relying on a public safety net during a time of crisis? The deficit commission isn't going to like this one bit...

    Soak the Very, Very Rich (New Yorker)
    People making $250,000 a year can probably afford a small tax hike, but James Surowiecki argues it's the multi-millionaires and billionaires among us who really aren't paying their fair share.

    Why Public Employees Are the New Welfare Queens (TNR)
    Jonathan Cohn writes that instead of bashing cops and firemen for the generosity of their pensions, we should be trying to ensure a stable retirement for everyone.

    Google-Verizon Pact: It Gets Worse (HuffPo)
    Google and Verizon are bypassing Congress and the FCC to create their own rules for tiered Internet access. Pity those who get stuck on the LOLCats tier.

    Global Warming's Real Victim: America's Golf Courses (Wonkette)
    Climate change and the ruined economy are finally starting to hit wealthy Americans where it really hurts.

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  • August 9

    Aug 9, 2010Tim Price

    daily-digest-150 What you need to know to navigate today's most critical debates.

    daily-digest-150 What you need to know to navigate today's most critical debates.

    As the Economy Slows (NYTimes)
    131,000 more jobs were lost in July, another recession could be imminent, and Congress is still sitting on its hands.

    Jobless and Staying That Way (NYTimes)
    Meanwhile, some analysts are beginning to embrace weak growth and high unemployment as the "new normal." Has American optimism reached its sell-by date?

    Turn Left for Growth (Project Syndicate)
    Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz argues that growth is still possible with a strong and active state to defend true market principles, promote development, and ensure social justice.

    Nothing 'Normal' About It (HuffPo)
    AFL-CIO President Richard Trumka takes congressional deficit hawks to task for their complacency and hypocrisy in the face of a protracted jobs crisis.

    Some Firms Struggle to Hire Despite High Unemployment (WSJ)
    A dearth of middle-class jobs has left a significant portion of the unemployed either overqualified or underqualified to fill many openings.

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    America Goes Dark (NYTimes)
    Paul Krugman laments that America has bought into antigovernment myths for so long that we've allowed our society's very foundations to decay.

    What collapsing empire looks like (Salon)
    Glenn Greenwald highlights the absurdity of the U.S. pumping more resources into the War in Afghanistan while we lack the money to educate our own children.

    The myth of the Social Security system's financial shortfall (LA Times)
    Michael Hiltzik writes that the latest trustees' report contains a lot of good news for Social Security, though you wouldn't know it from listening to conservatives.

    The Treasury's Worrisome Position (NYTimes)
    Simon Johnson fears that Tim Geithner's narrow "interpretation" of the Volcker Rule will render it toothless at best.

    The Problem with Larry Summers (WaPo)
    Ezra Klein writes that Summers' insistence on winning every argument and controlling the flow of information to the president has made the policymaking process contentious and unpleasant.

    Greenspan, Rubin, and Herbert Hoover (HuffPo)
    Robert Reich notes that the men who helped get us into this mess by backing the repeal of Glass-Steagall are now advocating policies that could trigger a double-dip. Maybe we could just stop paying attention to their advice?

    Jane Hamsher on Obama's Boys' Club That Won't Listen to Women Who Were Right (FDL)
    Jane Hamsher argues that the Obama administration has repeatedly ignored the economic wisdom of women like Christina Romer and Elizabeth Warren (and some wise men, such as Joe Stiglitz) in favor of their wrong-headed male colleagues.

    Housing Policy's Third Rail (NYTimes)
    As Fannie and Freddie become political footballs this election season, Gretchen Morgenson notes that we still don't know the full extent of their contributions to the economic crisis.

    Crazy Economists are Still Defending the Wall Street Bailout as the Recession Gets Worse (Alternet)
    Dean Baker argues that the claim that the economy would have collapsed without TARP wrongly assumes that there was no better policy alternative.

    The AIG Bailout Scandal (The Nation)
    Unfortunately, as reports like those of the Elizabeth Warren-led Congressional Oversight Panel have found, intimate relations between regulators and Wall Street prevented those alternative policies from gaining traction.

    By Pulling the Economy Back from the Cliff, Lawmakers Also Reduced the Deficit (Think Progress)
    Heather Boushey notes that the recession itself is the main culprit behind the deficit -- all the more reason to take bold action to reduce unemployment.

    Time for Filibuster Reform (NPR)
    Katrina vanden Heuvel writes that once the midterm dust has settled, Democrats need to break the Senate logjam and revive the simple majority vote.

    As the green economy grows, the 'dirty rich' are fading away (WaPo)
    These days, poisoning the earth just isn't as lucrative as it used to be.

    Minerals Service Had a Mandate to Produce Results (NYTimes)
    M.M.S. regulators lost sight of the fact that they were meant to protect the environment rather than the oil industry.

    Tony Judt, Chronicler of History, Is Dead at 62 (NYTimes)
    As a public intellectual, Judt sometimes provoked controversy but always garnered respect for his analytical prowess and historical insight. He leaves behind a body of work that will be discussed and debated for many years to come.

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  • August 6

    Aug 6, 2010Tim Price

    daily-digest-150 What you need to know to navigate today's most critical debates.

    daily-digest-150 What you need to know to navigate today's most critical debates.

    Kagan Joins Supreme Court After 63-37 Vote in Senate (NYTimes)
    A polarized Senate confirmed Elena Kagan yesterday, marking the first time in history that three women will sit on the nation's highest court.

    Wall Street's Big Win (Rolling Stone)
    Matt Taibbi pulls no punches with his in-depth look at the crafting of the Dodd-Frank bill, the deals struck behind closed doors, and the lies told along the way.

    Medicare Gets New Lease on Life; Social Security Remains Healthy (HuffPo)
    Government actuaries report that health care reform has substantially improved the long-term prognosis for Medicare, and that Social Security is fully paid for until 2037.

    What Social Security Report Says vs. What They Tell You It Says (HuffPo)
    Of course, good news for our most important public safety nets won't stop conservative scaremongering. Dave Johnson cuts through the spin.

    Debt Commission Fights Over Freezing Military Pay, Slashing Benefits (TPM)
    Sources tell Brian Beutler that the deficit commission isn't even considering raising taxes, but making soldiers pay for their own health care is still on the table. Good to know we have our priorities straight.

    Google-Verizon Deal: The End of The Internet as We Know It (HuffPo)
    Net neutrality dies not with a bang but with a whimper as Google considers a deal to allow Verizon customers to pay for faster access to some content.

    The Flimflam Man (NYTimes)
    Paul Krugman reviews Paul Ryan's budget plan and finds that it just doesn't add up.

    The Return of the $1,000 Down Mortgage (Washington Independent)
    Annie Lowrey reports that a new pilot program is offering fully financed loans to low-income homebuyers, but critics see more risk than reward.

    An August Surprise from Obama? (Reuters)
    James Pethokoukis hears rumors that the Obama administration may order Fannie Mae and Freddie Mac to forgive some portion of the outstanding mortgage debt of underwater homeowners.

    The real lessons of declining homeownership (WaPo)
    Subsidizing the "ownership society" may help to destroy the American Dream.

    The Bush Tax Cuts and Small Business: What We Know (Tax Vox)
    Howard Gleckman suggests that small businesses may have more to gain than to fear if tax cuts for top earners are allowed to expire.

    Innovation is the Only Answer, But There's No Reason to Wait (American Scene)
    Noah Millman seeks a bipartisan solution to climate change and suggests abandoning cap-and-trade in favor of a carbon tax combined with investment in carbon removal technology.

    Ready to work for political change you can count on? (CS Monitor)
    Tom De Luca proposes eight ways to democratize American politics and break down the barriers to progress.

    Is Obama's position on gay marriage sustainable? (WaPo)
    President Obama's stated opposition to both same-sex marriage and efforts to ban same-sex marriage seems more and more incoherent -- especially since we know what he used to believe.

    Kennedy, Olson and the Right Side of History (FiveThirtyEight)
    Nate Silver identifies two major factors that favor same-sex marriage proponents when Perry v. Schwarzenegger makes its way to the Supreme Court: Ted Olson's argumentative skills and Anthony Kennedy's concern for his legacy.

    Democrats must seize the immigration issue (WaPo)
    Democratic politicians shouldn't count on the Latino vote in 2012 if they ignore immigration reform in 2010.

    Baby Baiting (The Nation)
    The right's racist rhetoric about the children of undocumented immigrants is putting lives and the Constitution at risk.

    Sharia vs. The New Deal (American Prospect)
    Andy McCarthy provides political analysis from an alternate universe.

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