Articles of Interest
In New Congress, Wall St. Pushes to Undermine Dodd-Frank Reform
WASHINGTON — In the span of a month, the nation’s biggest banks and investment firms have twice won passage of measures to weaken regulations intended to help lessen the risk of another financial crisis, setting their sights on narrow, arcane provisions and greasing their efforts with a surge of lobbying and campaign contributions.
The continuing assault on the 2010 Dodd-Frank law has achieved remarkable success, especially compared with the repeated failures of opponents of another 2010 law, the Affordable Care Act.Read more »
WASHINGTON — Three years before he ran for president in 2008, a newly slim Mike Huckabee peddled a book with a title that doubled as a lecture: “Quit Digging Your Grave With a Knife and Fork.” Now, as he considers a second White House run, he has written another book with a decidedly different but equally direct title: “God, Guns, Grits and Gravy.”Read more »
Nathan Salminen (is a lawyer and an amateur economic and political researcher. Nathan has been politically active for many years, including working for the Senate Committee on the Judiciary as a law clerk. Nathan studied international relations at Georgetown University, worked in the software industry, then received a law degree from Columbia University. Nathan currently practices law in New York and runs Politics that Work.)
Which Party Is Better for the Economy?
Politics that workRead more »
Suddenly, or so it seems, the U.S. economy is looking better. Things have been looking up for a while, but at this point the signs of improvement — job gains, rapidly growing G.D.P., rising public confidence — are unmistakable.
The improving economy is surely one factor in President Obama’s rising approval rating. And there’s a palpable sense of panic among Republicans, despite their victory in the midterms. They expected to run in 2016 against a record of failure; what do they do if the economy is looking pretty good?Read more »
By NELSON D. SCHWARTZ - New York Times.
The American economy grew last quarter at its fastest rate in more than a decade, providing the strongest evidence to date that the recovery is finally gaining sustained power more than five years after it began.Read more »
Gov. Andrew M. Cuomo’s administration announced on Wednesday that it would ban hydraulic fracturing in New York State because of concerns over health risks, ending years of debate over a method of extracting natural gas.
Fracking, as it is known, was heavily promoted as a source of economic revival for depressed communities along New York’s border with Pennsylvania, and Mr. Cuomo had once been poised to embrace it.Read more »
Dodd-Frank Damaged in the Budget Bill
On Wall Street, 2010 was the year of “Obama rage,” in which financial tycoons went ballistic over the president’s suggestion that some bankers helped cause the financial crisis. They were also, of course, angry about the Dodd-Frank financial reform, which placed some limits on their wheeling and dealing.
The Masters of the Universe, it turns out, are a bunch of whiners. But they’re whiners with war chests, and now they’ve bought themselves a Congress.
Before I get to specifics, a word about the changing politics of high finance.Read more »
Charles M. Blow
Last week I spoke at a seminary and graduate school in New York about the protests following the grand jury decisions in the Michael Brown and Eric Garner cases.
It was invigorating and inspiring to be among so many young people with so much passion about social justice, young people beginning to feel their power as change agents and brimming to exercise it by disrupting the status quo.Read more »