Something to Sleep On

Reading Time: 3 minutes The New York Times lead story describes how a series of private equity firms managed to repeatedly flip the venerable Simmons mattress company, earning themselves huge profits while the company became increasingly mired in debt and ultimately forced into bankruptcy and massive layoffs, with ordinary investors, employees, and company retirees taking a huge hit. I Read More

Wild Acorns?

Reading Time: 3 minutes Conservative activists and talk show hosts, continuing a crusade begun during the presidential campaign, have been calling for their compatriots to dig up dirt on appointees and beneficiaries of Obama administration funding. The result has been an effort by the Democrats to quickly blunt any controversy by terminating links with anyone deemed controversial. Recently, a Read More

The Blue Dogs: Best Friends of Big Business

Reading Time: 4 minutes [Updates below – Ed.] As the Obama administration attempts to overhaul the nation’s health care, energy, and financial sectors, it faces the growing leverage of the Blue Dog Coalition—the conservative, fifty-two-member faction of the House’s Democratic caucus—to moderate, or obstruct, its goals. The Center for Public Integrity (CPI) recently published an investigation into the Blue Read More