Deregulation, Market Concentration at the Root of Egg Recall

By: David Dayen Wednesday August 25, 2010 7:15 pm

Jon Cohn explores the egg recall in greater detail, and comes to a similar conclusion as I did: that it just shows a continuation of E. coli conservatism, particularly the fervor for deregulation that goes back 30 years

New Wikileak: CIA Admits US Exports Terror

By: emptywheel Wednesday August 25, 2010 6:30 pm

Wikileaks has posted a single new document–a CIA Red Cell report contemplating what would (will?) happen if other countries begin to see the US as an exporter of terrorism. The document admits several cases where the US has exported terror–such as the widely known but downplayed fact that David Headley had a role in the Mumbai bombing.

Portrait of HAMP Failure: Banks Rule, Borrowers Pay the Price

By: David Dayen Wednesday August 25, 2010 5:00 pm

The biggest problem with HAMP, the Obama Administration’s mortgage modification program, is the leeway it gives to the banks to set the terms of the negotiation. Even when they violate the guidelines of the program, they face little recourse. Part Three of a series on the failure of the Obama administration’s HAMP program.

Don’t Fire Alan Simpson – Dissolve the Whole Damn Catfood Commission

By: Teddy Partridge Wednesday August 25, 2010 4:15 pm

Now that we’ve had a peek into the mind of Alan Simpson — several sordid and tawdry peeks, actually — we know the kind of talk that’s gone on in secret during the closed door meetings of the Obama’s Catfood Commission that is contemplating Sovereign Default on the bonds held by the Social Security Trust Fund.

CA Prop 19: Drug Czars’ Latest Anti-Marijuana Propaganda is Easily Refuted

By: Jon Walker Wednesday August 25, 2010 3:30 pm

This is what makes the fight to end our war on marijuana so difficult. The other side is not interested in an honest policy debate. Instead of honest argument, they rely on half-truths, distortions, twisted logic, ridiculous statements and naked propaganda.

CNN Money Wants You to Be Scared About the Deficit

By: Dean Baker Wednesday August 25, 2010 2:45 pm

The country is suffering from an unemployment crisis caused by the collapse of the housing bubble. However, we are being told that we have a deficit crisis and therefore have to cut Social Security, which is not even part of the budget.

AARP: Simpson Comments “Undermine” Deficit Commission (Update: Simpson Apologizes) (Update: Sort Of)

By: David Dayen Wednesday August 25, 2010 1:55 pm

To quote Old Man Simpson: “Over the last 40 years, I have had my size 15 feet in my mouth a time or two. “

Google to Run Just Say Now Ads Censored by Facebook

By: Michael Whitney Wednesday August 25, 2010 1:01 pm

Good news from Google: the search giant has accepted our marijuana legalization ads.
You can see the censored ads and sign our petition to Facebook protesting their decision here.


The ads were removed by Facebook, which said the ads, which feature a marijuana leaf, was a violation of its policy – a decision the social networking site made after serving no fewer than 38 million impressions of the ads earlier this month. The ads will run on Google’s advertising network immediately.

Housing Prices: This Is What Irrational Exuberance Looks Like

By: emptywheel Wednesday August 25, 2010 12:25 pm

There are a bunch of reasons why people are so silly as to believe they’re going to get rich off of their house–things like the difficulty of adjusting for inflation and the rarity of coverage of markets (like Detroit) that have steadily lost value. But I’d like to raise another question raised by the graph, though: what the hell were we thinking? How did most of our society–including many “serious” experts–believe that spike was real–or sustainable?

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