Category: The Economy

The Collapse of American Elite Power

I’m not quite sure how to read Mark Landler and Jane Perlez’s article in the New York Times on President Obama’s trip to Asia. It essentially scolds the president for not having an early and coherent and tough enough policy…

Trump Takes Idiot to Eleven in Scotland

Writing in the New York Times, Ashley Parker casts some shade on Donald Trump’s triumphant reaction to the U.K.’s decision to separate from the European Union. Early in June, Mr. Trump did not even know what Brexit referred to, and…

Does Hillary Clinton Own Wall Street?

Bloomberg takes a look at the various players in the donor class who have contributed big bucks to Hillary Clinton or her Super PACs, and they discover some interesting tidbits. For example, Clinton has talked a lot about the great…

The Vampire Squid Pays a Fine

The vampire squid has agreed to a pay a “$2.4 billion civil penalty, as well as $1.8 billion in relief to underwater homeowners, distressed borrowers and affected communities.” It’s being announced as a $5 billion settlement, but that’s misleading, as…