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American Prospects
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From American Prospects
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The Commodity Futures Trading Commission (CFTC) will make official a Wall Street victory today when it announces softened regulation on derivatives trading. After pressure from bank lobbyists, a rule that would have increased competition in the market for derivatives?financial products that derive their value from an underlying asset?could now empower a few big financial institutions to rule that risky space. Ninety ... Quick Read |
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From American Prospects
Official White House Photo by Pete Souza
In the last 24 hours, President Obama has gone full throttle on damage control on the three scandals that have emerged over the last week.
To address concerns over Benghazi?which resurfaced last week, followin ... Quick Read |
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From American Prospects
Being president is hard, and often downright unpleasant, particularly when there are scandals, legitimate or otherwise, swirling about and distracting your attention from what you'd like to be accomplishing. I'm sure it's particularly frustrating when the opposition party is so intransigent that negotiating with them is pointless. Right now Barack Obama's presidency is at something of a low point, but nevertheless, it was a bit surprising to see this, from a New York Times story this morning: ... Quick Read |
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From American Prospects
Yesterday was Google I/O, the tech giant?s annual developer conference. It?s where Google thinkers, technology journalists, and the genius programmers who make it all possible commune and geek out over the pixelated (and actual) buffet that awaits. It?s also the poor man?s World Wide Developers Conference (WWDC), the annual Apple event made famous by way of Steve Jobs? puckish, turtleneck-clad theatrics, which left the whole world slavering for the newest iThing. But Steve is gone, as are his ... Quick Read |
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From American Prospects
I am hereby declaring 99 Pinocchios on Barack Obama, all the people who work for him, everyone in the Republican party, and most everyone in the press who has reported on Benghazi.
This is about what has to be one of the most inane disagreements in the history of American politics, the argument about whether Obama called the Benghazi attack an "act of terror" or a "terrorist attack." Incredibly, people are still bickering over this. The other day Darrell Issa expressed his outrage that Obama ... Quick Read |
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From American Prospects
To consider the life story of development economist turned moral philosopher Albert Hirschman is to appreciate that no other generation is likely to accumulate the experience of the European émigrés to America who came of age just before World War II, survived it, and went on to contribute to the political and scholarly foundations of postwar civilization. Of that generation, nobody did so with more range and grace than Hirschman.
There was a time in the 1970s and 1980s when Hirschman, who ... Quick Read |
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From American Prospects
Remember last year when we all cared about voting policies? Back then, newspapers were filled with updates on different states? legal battles over strict voter ID?the laws that require photo identification to cast a ballot. Republicans pushed the laws, ostensibly to combat fraud, but Democrats and voting rights advocates argued that the actual goal was to suppress likely Democratic voters, since poor and nonwhite communities disproportionately lack ID. With Republicans controlling an ... Quick Read |
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From American Prospects
Just this evening, the Senate voted to confirm Marilyn Tavenner as head of the Centers for Medicare and Medicaid Services. Of the many appointed positions in the federal government, this one doesn?t sound exciting. And it isn?t. But it is important. As head of CMS, Tavenner will be responsible for overseeing both programs and implementing large parts of the Affordable Care Act, President Obama?s health care reform law.
It?s a critical position, and it?s the first time since 20 ... Quick Read |
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From American Prospects
Every administration has its scandals, but what's different about what's happening to the Obama administration is the confluence of two separate scandalish stories converging at the same time. Or maybe two and a half; were it not for the timing, the Justice Department's pursuit of the Associated Press over leaks of information related to terrorist activity would never be called a "scandal," and I doubt Republicans would even have bothered getting mad about it (I'll get back to that in a ... Quick Read |
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From American Prospects
Jamelle Bouie/The American Prospect
The details of the current scandal at the Internal Revenue Service are straightforward, which might be surprising, given the reputation of the agency.
... Quick Read |
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