Frackademia: The People & Money Behind the EDF Methane Emissions Study

By: Monday September 16, 2013 7:15 pm

A peek behind the curtain show the study’s results – described as “unprecedented” by EDF – may have something to do with the broad spectrum of industry-friendly backers of the report which include several major oil and gas companies, individuals and foundations fully committed to promoting the production and use of fracked gas in the U.S.

 

Jack Lew’s Citigroup Contract Included Incentive to Go Into Government

By: Monday February 25, 2013 6:48 am

President Obama’s Treasury Secretary nominee not only worked for the Citigroup hedge fund that shorted the housing market, invested in off-shore tax havens, and took a nice bonus from TARP money – he had a provision written into his employment contract that encouraged him to return to government service.

Robert Samuelson Tells Us That Our Ratio of Interest Payments to GDP Is Near a Post-World War II Low

By: Monday February 25, 2013 5:45 am

If we don’t get the Robert Rubins of the world again playing crazy games at government insured banks, is it necessary to spend a lot of time worrying about the $7.3 trillion in insured deposits? (Wait, I forgot Robert Rubin is still a highly respected person in DC policy circles, maybe we should be worried.)

Geithner Will Work For Wall Street Not On It

By: Friday February 8, 2013 8:25 am

Tim Geithner’s first post-Treasury Secretary job will be as a “distinguished fellow” at the Council On Foreign Relations. For the uninitiated, the Council On Foreign Relations is a more or less open conspiracy to use the American government as a vessel for advancing Big Business’ interests abroad. CFR represents America’s commercial oligarchy in all its glory. And as the power has shifted within the American business community to finance capital so too has CFR come to be dominated by Wall Street’s agenda and personnel.

British Might End Too Big To Fail Banking

By: Monday February 4, 2013 7:38 am

After a global financial crisis, an epic price fixing scandal, and embarrassing criminal conduct British regulators are considering ending Too Big To Fail Banking. British Finance Minister George Osborne has proposed legislation that if banks do not shield their riskier investment activities from day to day banking they will face restructuring.

Tim Geithner’s Lead Negotiating Position on Fiscal Slope Should Cause Concern

By: Tuesday November 27, 2012 6:08 pm

The White House absolutely wants the Treasury Secretary to be deeply involved with budget issues. But we know this because they’ve already designated current Treasury Secretary Timothy Geithner in the lead negotiating role on the fiscal slope. So while Lew may have the resume, Geithner already has the job, and he has indicated he will not step down until the negotiation gets resolved somehow.

Income Is Definitely Being Redistributed Upward, But Why Do We Think It’s Technology??

By: Monday July 9, 2012 9:55 am

Thomas Edsall devoted his blogpost today to several economists who claim that the upward redistribution we have seen over the last three decades is a result of revolutions in technology and that it will be difficult to reverse this development. In fact much of this economic analysis is quite sloppy, and it is easy to show that many of the factors leading to upward redistribution had nothing to do with technology.

Bowles and Simpson Lurking on the Edges of Fiscal Cliff Disarray

By: Tuesday May 29, 2012 4:27 pm

One of the bigger issues with the lack of Democratic consensus as the fiscal cliff nears is that it gives oxygen to a group of right-leaning fiscal scolds who see the opportunity to decimate safety net programs, allegedly in exchange for some tiny giveback on taxes they will describe as balanced. You can see this with the renewed prominence of Erskine Bowles and Alan Simpson, who claim to be working with a bipartisan group of lawmakers.

Revealed Preferences: Evidence Points to Banks Owning the Place

By: Thursday April 19, 2012 9:02 am

The arrogance of power comes through loud and clear here. Larry Summers and Robert Rubin did their business, and they will never admit to being wrong.

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