this is an adventure

In combination with that little-noticed law expanding the statute of limitations for equal pay suits that was Obama’s signed bill, we’re about to see a multi-part lesson in “How to Prevent Companies from Cutting Until the Economy Grows Again.”

Prime Minister writes brave essay saying exactly what everyone else is saying, thinking or doing. The entire English-speaking world is locking down free markets, apparently on the theory that a permanent state of no growth is better than periods of loss and gain.

The new POTUS thinks the large oil companies are making evil profits. Actually, they’re down about a third in the fourth quarter. What “integrated majors” like Exxon and Chevron lose in crude-oil profits as prices fall, they partly make up on the refining and marketing side, as costs fall.