Tim Price

Deputy Editor

Recent Posts by Tim Price

  • August 19

    Aug 19, 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.

    Business Bankruptcies Fall While Consumer Filings Soar (WSJ)
    Over 780,000 consumers filed for bankruptcy in June, up 15 percent from 2009, and businesses may not be spared the pain for much longer.

    In Wake of Housing Bust, Obama Administration Moves Forward (Washington Independent)
    The Treasury Department's conference on housing policy may have marked the end of the "ownership society."

    'Last' U.S. 'Combat' Troops Exit Iraq (NPR)
    Yesterday marked the end of combat operations in Iraq (except for the tens of thousands of U.S. troops who will still be in Iraq, engaging in combat).

    From Paul Ryan, a plan that isn't (WaPo)
    Matt Miller argues that Ryan's budget road map shifts health care costs to those who can't afford them while continuing to pile on debt for decades to come.

    Four Steps to US Fiscal Health (Project Syndicate)
    Simon Johnson and James Kwak offer their own road map for raising revenue and curbing entitlement costs.

    Thinking clearly about demand declines -- and what to do about them (WaPo)
    Ezra Klein considers the three forms of demand decline and the need for a long-term strategy to get the economy moving again.

    Funding Public Services is the Best Route to Prosperity (Truthout)
    A new study finds that if New England states want economic growth, they should be investing in education and infrastructure rather than cutting corporate taxes.

    Tensions Rise in Greece as Austerity Measures Backfire (Spiegel)
    The government spending cuts that were meant to solve Greece's economic woes have instead produced a full-scale meltdown and unemployment rates as high as 70 percent in some regions of the country.

    Can Government Help with Structural Unemployment? (MoneyWatch)
    Mark Thoma argues that the answer is yes, but if the Fed and Congress continue to drag their feet, they'll miss their window of opportunity.

    Oxfam wants banks to save poor countries from financial disaster (Guardian)
    The economic crisis left poor countries saddled with debt, but a "Robin Hood" tax on financial transactions would force the banks who caused the crisis to foot the bill.

    Elizabeth Warren or Bust! (Politics Daily)
    David Corn predicts that nominating Warren would pay huge dividends among the progressive base and prove that the president is serious about cracking down on financial predators.

    Dodd: Is Warren 'Confirmable'? (CTnow)
    Meanwhile, Chris Dodd continues to practice the delicate art of the concern troll.

    Think You Understand the New Credit Card Laws? Think Again (HuffPo)
    Beverly Blair Harzog highlights the blind-spots and vagaries of the Credit CARD Act.

    Obama: Social Security 'is not in crisis' (The Hill)
    President Obama told his town hall audience that a few modest reforms can ensure that everyone receives the benefits that they deserve, and that his deficit commission will figure out what they are. Is he sure the commission knows that?

    A conversation with Howard Dean (Globe and Mail)
    Howard Dean holds forth on the advantages of the Canadian health care system and explains why Americans have nothing to fear from "socialized medicine."

    Restoring the Gulf (NYTimes)
    The crisis in the Gulf Coast isn't over just because the oil spill has been stopped. Cleaning up the region is going to require careful planning and a whole lot of money.

    How the fight over tax breaks affects your bottom line (WaPo)
    This interactive chart compares three possible plans for the Bush tax cuts, including full repeal, partial repeal, and full renewal.

    Tom the Dancing Bug: Deficit Hawk Down (BoingBoing)
    A parable for our times.

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  • August 18

    Aug 18, 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.

    The Unnecessary Fall (TNR)
    John Judis argues that Barack Obama could have spared himself and his party a lot of grief by embracing the populist approach that presidents like FDR understood so well.

    Rebuilding the Democratic brand with jobs (WaPo)
    Harold Meyerson suggests that Democrats can still work their way back into voters' good graces by investing in infrastructure and manufacturing jobs.

    Given Money for Rehiring, Schools Wait and See (NYTimes)
    Though Congress recently approved $10 billion in aid to school districts, the bulk of the money is being saved to prevent future layoffs rather than spent to rehire teachers who have already lost their jobs.

    Death and Joblessness (Washington Independent)
    Annie Lowrey turns a spotlight on the horrific human toll of the recession with her report on suicide among the long-term unemployed.

    Why growth, not consumerism, is good (Salon)
    Robert Reich explains why economic growth involves more than conspicuous consumption, and why it's needed to support a high and equitable standard of living.

    It's about Main Street, not the mosque (WaPo)
    Katrina vanden Heuvel argues that the endless mosque debate is a distraction, and that this fall's elections will be won or lost based on what our leaders are doing to renew the economy and protect our social safety net.

    More on Why Elizabeth Warren Would Be Confirmed (TNR)
    Noam Scheiber notes that if a Democrat running in Kentucky thinks endorsing Warren is a safe bet, everyone in Washington should breathe easier.

    Warren sits down with big bank lobbyists (WaPo)
    In the kind of meeting so fraught with tension that it would normally be held at Camp David and end with the announcement of major peace accords, Elizabeth Warren conferred with the targets of some of her sharpest criticism.

    Joseph Gagnon on monetary policy (The Economist)
    A former associate director for the Federal Reserve Board outlines three steps the Fed should take to stimulate the economy.

    Farmer Bernanke, dry fields, and other monetary metaphors (WaPo)
    Neil Irwin extends Chris Hayes' farm metaphor and argues that the Fed's weak response to the economic drought stems from its skepticism about unconventional irrigation methods.

    Treasury, Lenders Seek to Keep Government Role in Housing Fix (Bloomberg)
    While efforts to reform Fannie or Freddie are underway, the Obama administration hopes to convince lenders that a limited and carefully designed government guarantee is wiser than full privatization of home loans.

    The Next Health-Reform Campaign (American Prospect)
    Passing the Affordable Care Act was a monumental task, but it was nothing compared to the process of implementing the new law. Paul Starr provides an in-depth analysis of the upcoming challenges and potential pitfalls.

    Jared Bernstein, White House Economist, Throws Cold Water on Bush Tax Cuts Compromise (HuffPo)
    Joe Biden's chief economic adviser worries that a multi-year phase-out could turn into a permanent extension of unaffordable tax cuts for the wealthy.

    Are Handouts for Billionaires More Important Than Feeding Children? (Truthout)
    Zach Carter lambastes conservatives for pushing policies that benefit the wealthiest of the wealthy while choking off aid to working class families.

    Frank, Paul Plan to Reduce the Deficit Through Military Spending Cuts (TPM)
    Frank and Paul are urging colleagues to join in their effort to convince the deficit commission that significant military budget cuts must be on the table. And no, that doesn't mean slashing veterans' benefits.

    Drilling Permits for Deep Waters Face New Review (NYTimes)
    The Obama administration will implement a much stricter environmental review for new offshore drilling platforms in an effort to stave off another BP-like disaster. Better late than never.

    Our Summer of Extremes (Project Syndicate)
    As fires, floods, earthquakes, and other disasters ravage the globe, Stefan Rahmstorf thinks it's time to acknowledge that we're turning the planet against us.

    What climate activists need to learn from the NRA and the gun-control wars (Grist)
    Robert Walker argues that the supporters of climate change legislation can't be afraid to toughen up their image and make a few enemies if they want results.

    Misperceived Path to Energy Savings (NYTimes)
    A new study finds that most Americans don't know the best ways to conserve energy or how much money they could save by doing so.

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  • August 17

    Aug 17, 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.

    Economists See Increased Chance of Double-Dip Recession (HuffPo)
    While our leaders are busy arguing about mosques, the economy is once again on the brink of disaster.

    A Bleak View (Fed Watch)
    Tim Duy explains why it's time to get worried.

    Why Theoclassical Economists Fail as Regulators (Benzinga)
    ND20 contributor Bill Black examines how faith-based economic theory encourages fraud and blinds regulators to sensible solutions.

    Ben Bernanke: Wall Street's Servant (HuffPo)
    Dean Baker argues that the Fed's policies are completely understandable once you realize that they're not working for the American people.

    To Regulate or Bribe? That is the Key Economic Question -- With a Very Obvious Answer (Open Left)
    David Sirota critiques the Obama administration's "give the banks a bunch of money and hope for the best" approach to regulation.

    What Do You See as the Crisis in Economics? INET Users Respond (INET)
    As the public weighs in, Roosevelt Institute Senior Fellow and INET director Rob Johnson suggests that abstract math has come to trump economic realities.

    Tax cuts at the top and other priorities (News Observer)
    According to the CBO, the GOP's tax plan is great for the top two percent and the worst option on the table for everyone else.

    The Four Horsemen of the Job-pocalypse (The Atlantic)
    Derek Thompson examines the multifaceted sinkhole that is the current jobs market.

    Getting to Full Employment (FDL)
    Joe Firestone proposes an amendment to the Fair Labor Standards Act that would reduce unemployment by cutting the work week and raising the minimum wage. Working less and earning more? It just might catch on.

    Sixty Percent of Baby Boomers Don't Have Enough for Retirement (HuffPo)
    Good thing they're off the catfood commission's hit list. Shame about everyone else.

    How the Defense Industry is Hosing Obama and the Taxpayer... Again (CounterPunch)
    Franklin Spinney offers a detailed analysis of the smoke and mirrors being used to prevent real reform of the bloated defense budget.

    The Fiscal Times vs. Elizabeth Warren (Reuters)
    Felix Salmon pushes back on some sloppy reporting about Warren and the CFPB.

    Fed to protect consumers from abusive mortgages (CNNMoney)
    New Fed rules will eliminate incentives for pushing more expensive loans and require borrowers to be better informed about the deals they're taking.

    US house mortgage arrears mount (FT)
    As lawmakers run for reelection, they're getting ready to face constituents whose mortgage debt has spiraled out of control since 2008.

    2 Zombies to Tolerate for a While (NYTimes)
    Andrew Ross Sorkin thinks Fannie and Freddie will be sticking around whether we like it or not.

    Will Insurance Companies Game the ACA? (MoJo)
    Kevin Drum concludes that insurance companies may have a harder time dropping sick patients under the new regulations, but they'll still do their best to make it an unpleasant stay.

    Economy Led to Cuts in Use of Health Care (NYTimes)
    A new study shows that Americans have cut back on routine health care spending at a much greater rate than the residents of countries with universal health care. How terrible it must be to be able to afford both rent and cold medicine.

    Federal panel puts same-sex marriage on hold as appeal of Prop. 8 ruling goes forward (LA Times)
    A decision by the Ninth Circuit Court of Appeals will keep gay couples in California from marrying for now, but it may also have prevented a premature ruling from the Supreme Court.

    A 'Fat Cat' Strikes Back (Newsweek)
    Blackstone CEO Stephen Schwarzman was upset about Barack Obama bashing "fat cats," so he compared Obama to Hitler. Someone's a little touchy.

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  • August 16

    Aug 16, 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.

    Happy 75th Birthday, Social Security (The Nation)
    Katrina vanden Heuvel reflects on how both the Social Security program and the country have changed for the better since 1935.

    Lessons from FDR: When the Right Cries Wolf, Bite Back (HuffPo)
    FDR knew business groups and their allies would try to turn the public against him when he signed the Social Security Act, and he beat them at their own game.

    Attacking Social Security (NYTimes)
    Paul Krugman argues that major cuts to Social Security would create the very crisis that its opponents have been warning us about.

    Return of the Killer Trade Deficit (NYTimes)
    If the U.S. wants to get its ballooning trade deficit under control, China will have to start playing fair on export prices.

    China Economy Surpasses Japan, Capping Three-Decade Rise (Bloomberg)
    In the meantime, things are working out pretty well for the emerging superpower.

    Overdraft Protection Expires (HuffPo)
    You know how in some stories, vampires can't enter your home unless you invite them in? Thanks to a new Fed rule, overdraft fees now work the same way.

    Web of shadow banking must be unraveled (FT)
    Gillian Tett examines the creation and collapse of the "candy floss" economy.

    Fire and Imagination (NYTimes)
    Bob Herbert argues that if the Obama administration had focused on full employment last year, it wouldn't have to be wallowing in self-pity now.

    Forget a Double-Dip, We're Still in One Long Big Dipper (HuffPo)
    Robert Reich advises policymakers to ignore the neo-Hooverites and focus on stimulating demand if they want a real recovery.

    We're Mad as Hell (Newsweek)
    Daniel Gross writes that the JetBlue guy proved that even in desperate times, employers can only push their workers so far before they refuse to take any more.

    Banks to benefit most from White House program to help fight foreclosures (The Hill)
    Housing analysts say it's foolish to give banks another $3 billion handout without demanding any concessions that will help to keep people in their homes.

    Obama's housing reform panel angers affordable-housing advocates (WaPo)
    In putting together a panel to overhaul national housing policy, critics charge that the president has forgotten his own roots as a community organizer.

    GOP should rethink opposition to health care's cost-control board (WaPo)
    Ezra Klein argues that if Republicans are so hawkish on the deficit, they shouldn't be trying to repeal parts of the Affordable Care Act that will save over a trillion dollars.

    The Problem with Billionaire Philanthropists (HuffPo)
    David Callahan warns that while philanthropy helps to plug gaps in the social safety net, it also threatens to give the super-rich (greater) control of national policy.

    Two Steps Forward, One Step Back (American Prospect)
    Sarah Blustain worries that progressive women have become too shy about fighting for their own interests when it's politically inconvenient for the Democratic Party.

    What If We Google "Democracy" and Get "Oligarchy"? (The Nation)
    John Nichols outlines the destructive consequences of selling high-quality Internet access to the highest bidders.

    Digg investigates claims of conservative 'censorship' (Guardian)
    If you can't trust anonymous Internet voters, who can you trust these days?

    Right-Wing Bloggers Choose '25 Worst Figures In American History' (Gawker)
    FDR comes in at number three, edged out by Jimmy Carter and Barack Obama. Considering the judges, he'd probably be quite pleased with that showing.

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  • August 13

    Aug 13, 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.

    Elizabeth Warren, likely to head new consumer agency, provokes strong feelings (WaPo)
    Amid speculation that her nomination is imminent, Brady Dennis examines Warren's background and her evolving views on economic justice.

    Chris Dodd, Top Democrat, Fights Against Elizabeth Warren (HuffPo)
    The retiring senator remains the only Democrat to publicly oppose Warren's nomination, but he seems determined to hold his ground.

    Paralysis at the Fed (NYTimes)
    Paul Krugman recalls a withering critique of the Fed's current policies offered by some fellow named Ben Bernanke.

    Social Security saved Dan Maes (but Ken Buck hates it!) (Salon)
    Joe Conason notes that the Tea Party's internal divide over Social Security is causing headaches for Republican candidates in Colorado.

    Republicans and the "Left" Agree: Defending Social Security is a Political Winner (CAF)
    Richard Eskow unpacks a new poll showing overwhelming public opposition to Social Security cuts and considers its implications for the midterm elections.

    House liberals warn Obama they'll oppose Social Security cuts (The Hill)
    The deficit commission can recommend all the cuts it wants, but they'll have to pass without the 82 votes of the Congressional Progressive Caucus.

    Fiscal fundamentalists (The Economist)
    Economists like James Galbraith on the left and Larry Kotlikoff on the right have demonstrated an ability to think beyond the boundaries of mainstream debate and ask more fundamental questions about who pays what and when.

    The Bush Tax Cuts and Fiscal Responsibility (NYTimes)
    Simon Johnson and James Kwak argue that letting the Bush tax cuts expire would go a long way toward addressing the structural deficit. Cutting off unemployment benefits, not so much.

    The Bush tax plan vs. the Obama tax plan in one chart (WaPo)
    Sometimes things are just plain easier to understand in the form of bubbles.

    Six essential questions about the deficit, Wall Street and Washington (Nieman Watchdog)
    Stan Collender explains that today's deficit alarmism is the product of cynical politicking, not market economics.

    Getting the housing market back on track (Reuters)
    Felix Salmon considers the future of Fannie and Freddie and warns that drastic privatization could be just as dangerous as a return to the pre-crisis status quo.

    The Roadmap to a High-Speed Recovery (TNR)
    Richard Florida argues that we need to stop rehashing the same outdated policies and shift focus to innovations like high-speed rail and education reform.

    The Lost Generation (Washington Independent)
    A new report finds that the global economic downturn has been particularly hard on people aged 15 to 24, and it's still getting worse.

    Women of Color Lag Behind In Wealth (NPR)
    Mariko Chang, Lynette Cox, and Nicole Mason discuss the origins of this wealth gap and the ways in which it can be closed.

    Prop. 8 hangs by a legal thread (LA Times)
    Same-sex marriages could resume in California as early as August 18th unless an appeals court agrees to hear the case and extend Judge Walker's stay before then.

    The Gulf at the Gas Station: Can We Calculate the True Cost of Our Dependence on Oil? (HuffPo)
    Mark Engler reminds us that the gas we buy comes at a much higher price than what we pay at the pump. Just ask the residents of the Gulf.

    Dust Bowl 2: Drought detective predicts drier future for American Southwest (Grist)
    Not content to imitate the economic devastation of the 1930s, Americans may now be recreating the greatest environmental disaster of that era as well.

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