The problem isn’t outsourcing
The American economy has moved way beyond outsourcing abroad or even “in-sourcing.” Most big companies headquartered in America don’t send jobs overseas and don’t bring jobs here from abroad. That’s because most are no longer really “American” companies. They’ve become global networks that design, make, buy, and sell things wherever around the world it’s most profitable for them to do so.
Dimon in the rough
The Commodity Futures Trading Commission, the main regular of derivatives (bets on bets), wants to extend Dodd-Frank...
Why Republicans worry about hurting c...
Perhaps you’d expect no more from the Republican leader of the Senate who proclaimed three years ago that the GOP’s first priority was to get Obama out of the White House. But Senator Mitch McConnell’s speech Friday at the American Enterprise Institute in Washington is simply bonkers.
Ponderings on the new politics of ext...
Back from several days in Washington. The city still has all the disadvantages of being a one-industry town, with...
A back door to the public option
Any day now the Supreme Court will issue its opinion on the constitutionality of the Accountable Care Act, which even the White House now calls Obamacare.
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