The Challenge of Passing Health Care: Speed Isn't Going to Fly

June 12, 2009

“What happens if this process produces a bill that reads like an endless set of unconnected rules and regulations, adding up to an unintelligible jumble?” Jay Cost asks. “If the administration cannot move this quickly through the legislature, the congressional meatslicer might produce a bill that the public will have time to consider, then reject.”

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Turf Wars, Vikram Pandit, and the Irrational Regulatory Structure

June 12, 2009

John Gapper says this is only the beginning of “Washington’s grand experiment”: “We are about to observe the next, and even more contentious, phase in the government’s attempt to stabilise the US financial system. It is about to launch its effort to reform the notoriously tangled and overlapping system of financial regulation.”

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Twitter Hits the Ceiling: Traffic Levels Off – Is it On the Wrong Side of Hype Cycle?

June 12, 2009

John Battelle crunches the numbers: “I predict Twitter will address this issue, and growth will resume, but at a more moderate and sustainable pace. But this is a very clear sign that Twitter, which made the cover of Time magazine last week, is on the other, less happy side of a traditional hype cycle.”

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Von Brunn Charged: For Accused Museum Shooter, a Downward Spiral

June 11, 2009

WASHINGTON – James von Brunn carried a lifetime of hatred and an aging rifle to the entrance of the U.S. Holocaust Memorial Museum, authorities say, and was met with a simple act of kindness: a security guard opening the door for him. Critically injured in a hospital bed Thursday, the 88-year-old white supremacist was charged […]

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Saab: No Comment On Report Koenigsegg To Be New Owner

June 11, 2009

STOCKHOLM (Dow Jones)–General Motors Corp.’s (GM) Saab Automobile AB Thursday declined to comment on a report by Swedish television that it has agreed to be sold to Swedish exclusive sports car maker Koenigsegg Automobile AB. Saab spokeswoman Gunilla Gustavs said the report by Swedish television station SVT is “speculation from other channels, and I can’t […]

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Arthur Laffer: Bring the Pain

June 11, 2009

The Seventies are back: “As bad as the fiscal picture is, panic-driven monetary policies portend to have even more dire consequences. We can expect rapidly rising prices and much, much higher interest rates over the next four or five years, and a concomitant deleterious impact on output and employment not unlike the late 1970s.”

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Ira Glass Asks: Where Were the Watchmen During the Financial Crisis?

June 11, 2009

The hipsters of public radio: “Since Congress hasn’t held 1930’s-style hearings into the causes of the financial crisis, we stage one of our own. The subject? The regulators and watchdogs who were supposed to be overseeing the banks and the finance industry — to make sure things wouldn’t blow up… Clearly something went wrong.”

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Charitable Donations Fell Dramatically in 2008: Better Start Taxing Them

June 11, 2009

Here’s the reason prominent Democrats broke with the administration on raising taxes on charitable contributions: it’d be a really bad idea. “Charitable giving in the United States fell by 2 percent last year, the largest year-over-year drop and only the second decline since the Giving USA Foundation began tracking American philanthropy 53 years ago.”

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New York Senate Gone Wild, Doors Barricaded, Banana Republic Time

June 11, 2009

Democrats lock Senate floor, refuse to hand over keys. “A spokesman for ousted Majority Leader Malcolm Smith said the doors of the chamber will remain shut until Smith calls lawmakers back into session. ‘Only the majority leader, and there is only one majority leader in our view, can call the session back into order.’”

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Michael Barone: Obama's Health Plan Responds to People Who Don't Know First Thing About Health Care

June 11, 2009

What do young people know about health care? “They have the fewest medical problems of the whole population. Their image of health care, at least until they become pregnant and have babies, is university health services. You come in if you feel like it, someone else pays, you get some pills, some counseling or whatever.”

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