Tim Price

Deputy Editor

Recent Posts by Tim Price

  • 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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  • 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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