At least one country said no to making the little guys bail out the big guys
Sure, Cyprus' government is comically inept. Their bailout still beat ours. Here's why.
Obama's outgoing Treasury Secretary assesses populism, Paul Ryan, and his work during the financial crisis.
Felix Salmon’s foppish war on the banks.
THERE WAS ONCE A TIME, not so very long ago, that, whenever Elizabeth Warren sat down with a liberal interviewer, a lovefest was practically guaranteed. “I know your husband’s backstage. I still wanna make out with you,” Jon Stewart purred in early 2010 to the then-60-year-old Harvard professor whose rimless glasses perpetually slip down her nose. But when Warren appeared recently at Boston’s Kennedy Library to discuss her bid for the U.S. Senate with local public-radio fixture Christopher Lydon, the conversation wasn’t so effusive.
If you’re still filling out your tax forms, it may be tempting to cut some corners and tell a few white lies. But as the ethics-deficient politicians listed below can tell you, tax evasion doesn’t end well. Here’s a guide on “what-not-to-do,” courtesy of political figures, past and present. Spiro Agnew. The only vice president to resign due to criminal charges, Agnew left office in 1973 just ten months before Richard Nixon’s departure would have made him president.
Mitt Romney has shed the dark blue suit, white shirt, and pale blue tie of his 2008 campaign for an open-neck tattersall shirt with its sleeves rolled up. His sideburns are graying, and his eyes are lined, but he still sports a boyish grin and radiates the can-do enthusiasm of a man who is promising to turn the country around the way he once turned around the Salt Lake City Winter Olympics.
Ramesh Ponnuru says I went too far Bill Clinton: “you can’t balance the budget in a busted economy.” Ideas may not be are all that important, but Mark Schmitt says there are some good ones in the Breakthrough Journal. Timothy Geithner on why prioritizing government obligations is risky. The IMF thinks we are in for years of sluggish growth
- Citing low participation, Google announced Friday that it will discontinue its online personal health records service, Google Health, beginning in 2012. - Physician and health policy expert Robert Berenson outlines small steps Congress can take to cut Medicare costs now. “It’s about identifying areas where the program is being abused and going after them,” Berenson says. - Treasury Secretary Timothy Geithner participated Friday in a lecture series at Dartmouth, his alma mater.
Secretary of the Treasury Timothy Geithner deserves some of the blame for the administration’s political problems during its first two years and for the weakness of financial reform. In 2009, Geithner argued against the administration throwing the full weight of the law against those banks and bankers, and related institutions, that had committed fraud. Doing so would have erased or at least countered the impression that the Obama administration was a tool of Wall Street.