The Meaning of Daley

Reading Time: 3 minutes A few days ago, the Obama Administration floated a trial balloon to see if there would be any opposition to the appointment of William Daley as the President’s Chief of Staff. There wasn’t, and so they’ve gone ahead and made it official. That they were concerned about a backlash is evident from the original reporting. Read More

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

Fair and Balanced Nukes?

Reading Time: 2 minutes Yesterday’s New York Times represented a kind of quiet sea change. A front-page article addressed the quality of intelligence analyses of Iran’s nuclear intentions, against the background of the West’s mounting confrontation with Tehran. Unlike the largely credulous articles written by Judith Miller and others that provided crucial fodder for justifying the invasion of Iraq Read More

Credit Where Credit Ain’t Due

Reading Time: 2 minutes Two large debit-card issuers have suddenly decided to clean up their acts in the face of pending legislative action against them. The bigger question is: what’s to prevent them from pulling a bait and switch, first voluntarily revising their rapacious practices and then, when the threat of legislation dies down, ramping those practices right back 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