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Hope: it’s in short supply in America this year. I was reminded of that recently when I spoke at a kick-off event for the school year hosted by the Dole Institute of Politics at the University of Kansas. The Institute’s namesake is, of course, Bob Dole, the war hero turned Republican congressman, senator, minority and... Read More
She eats at Chipotle. (Order: chicken burrito bowl.) She travels by van. (Model: A Chevy Express Explorer Limited SE nicknamed the "Scooby" van.) She barely figures in her own presidential campaign announcement video. (Entrance timing: A minute and a half into the two-minute clip.) Her campaign staff is so cheap they don't have business cards,... Read More
I live in Washington, D.C.'s Capitol Hill neighborhood. I can more or less roll out of bed into the House of Representatives or the Senate; the majestic Library of Congress doubles as my local branch. (If you visit, spend a sunset on the steps of the library's Jefferson Building. Trust me.) You can't miss my... Read More
One simple phrase electrified the financial world this past week: high-frequency trading. With the publication of his new book, Flash Boys, author Michael Lewis almost singlehandedly transformed the growing practice of high-frequency trading from an obscure form of financial wizardry cooked up in Wall Street's mad laboratories into a fledgling scandal. What's high-frequency trading? It's... Read More
Every so often, the journalists who cover Washington, D.C., and its maze of federal departments and commissions and bureaus receive a strange sort of invitation. Calling you a "thought leader" or some similarly flattering form of corporate jargon, an agency urges you to attend a briefing about a particular issue -- healthcare, the bank bailout,... Read More
Allow me to introduce you to Dan Snyder. He owns the Washington Redskins football team. Before Snyder bought the team in 1999, the Redskins were one of the most hallowed franchises in the National Football League, with a history as rich as any. Coach Joe Gibbs stalking the sidelines, quarterback Joe Theismann under center, wide... Read More
“One shitty deal.” “Shitty deal.” “Shitty.” The date was April 27, 2010, and Senator Carl Levin (D-Mich.) was pissed as he launched into a rant with those pungent quotes in it. As part of a Senate subcommittee investigation into the causes of the financial meltdown, Levin was grilling Goldman Sachs CEO Lloyd Blankfein and several... Read More