Person Career

Another Step Closer to Breaking Up the Banks?
November 05, 2009

A banking industry lobbyist I spoke with this evening alerts me to a fascinating development in the House Financial Services Committee: Pennsylvania Rep. Paul Kanjorski is about to introduce an amendment to the systemic risk bill moving through the committee (see my discussion here and here) that would give regulators the power to break up too-big-to-fail firms. The details are a little unclear--as it stands, the current bill would give the Fed some vague powers in this vein. But the soon-to-be Kanjorski amendment appears to go much further, and the banks are freaking out about it.

Innovative Ideas, Meet Hackneyed Battle Lines
November 05, 2009

The day before President Obama spoke in Madison, Wisconsin, about the pressing need to improve America's teachers, a report was released on the same topic at a conference in Washington's swanky Capitol Hilton. The task force that wrote the report was chaired by Minnesota Governor (and rumored 2012 presidential candidate) Tim Pawlenty and included such education policy heavyweights as New York City Schools Chancellor Joel Klein and D.C. Chancellor Michelle Rhee.

The House Public Plan: Yes, It's Worth It
November 05, 2009

Jacob S. Hacker is the Stanley B. Resor Professor of Political Science at Yale University, author of The Great Risk Shift: The New Economic Insecurity and the Decline of the American Dream, and an occasional contributor to The Treatment. Diane Archer is the director of the Health Care Project at the Institute for America's Future and the founder and past president of the Medicare Rights Center. How short memories are in Washington.

‘With Them or With Us’
November 05, 2009

Almost three decades ago, a group of radical Islamist students, dressed in army fatigues or covered in scarves and black chadors, forced their way into the American embassy in Tehran. According to some accounts, Mahmoud Ahmadinejad, then a student at a second-tier technical college in Tehran, was invited to join the hostage takers. He declined, saying he would join only if they would also occupy the Soviet embassy in Tehran.

The Doctors Are In. Mostly.
November 05, 2009

Earlier today, two key groups--the American Cancer Society and the American Association of Retired Persons--endorsed the House health care reform bill. On a conference call that's just wrapping up now, the American Medical Association (AMA) pledged its support, as well. But it did so with some crucial qualifications. The AMA made clear that it was endorsing not one but two bills: H.R. 3962, the bill that would expand insurance coverage, reorient the delivery system, etc.; and H.R.

'Toyetic'
November 05, 2009

For anyone who fears he or she may hold Hollywood studio executives in insufficiently low esteem, the Wall Street Journal offers this trend story: Soon to be starring in his own feature-length film with Universal Pictures: Stretch Armstrong, the pliant, muscle-bound doll whose roots go back to the 1970s. Big Wheel, the plastic tricycle, has its own TV show in the works. Even the board game Risk has a deal for a film, to be co-produced by star Will Smith.... John Fogelman represents the likes of Courteney Cox, Whoopi Goldberg and director J.J.

The Insider
November 05, 2009

In the wake of defeats in New Jersey and Virginia, Democrats and the Obama administration are being advised to move to the center. I think the Republicans are well advised to take that advice, but I am not sure about the Democrats, and I am not sure what the "center" means in this case.

TNR Editors: Obama's Sudan Envoy Is an Embarrassment. Fire Him.
and
November 05, 2009

In an editorial, TNR calls on Barack Obama to fire his Sudan envoy, Scott Gration: Scott Gration is an embarrassment. As Barack Obama's special envoy to Sudan, Gration has a dual mission: to help win justice and peace for the nearly three million Darfuris who currently live in camps after being subjected to genocide by Sudan's government; and to prevent that same odious government from initiating another slaughter in southern Sudan, where a 2005 peace agreement is looking more tenuous by the day. How is he doing?

Killing the Christmas Spirit
November 05, 2009

The Times has a short report today from the great state of California. It appears as if there is a controversy involving Christmas and schoolchildren. (As an aside, we are already five days into November and I have not heard a single person complain that the "holiday season" has begun earlier than in previous years. These dreary complaints generally start at the end of October.

Buying Time
November 05, 2009

Yitzchak Newman is in the market for his first house. For now, the young IT project manager lives with his wife and toddler in a rented basement apartment. Space is limited and the family yearns to attain the middle class ideal of owning their own home. But unlike most aspiring home-owners, the Newmans are determined to enter the real estate market in what may be the world’s most politically sensitive strip of land.

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