Irvine Housing Blog goes medieval on McMegan, who thinks that all mortgages should be ARMs. Who needs a fixed-rate mortgage when we all know that interest rates will never go up? (This was in yesterday’s comments, but nobody got a chance to post it.)
C.R.E.A.M.
Koch and sympathy
Fee-fees of the rich and famous: The piece has illuminated David Koch, a man whom some have branded as an ‘environmental criminal’, and has made him human with a real voice, with real jokes (on his artificial knees: “If you spent as many years as I did begging girls for favors, you’d have bad knees, …
Republicans Get Tough on Executive Compensation
For non-profits: Another senator, Charles E. Grassley, Republican of Iowa, has told Treasury Secretary Timothy F. Geithner that he is concerned that the Internal Revenue Service is not tough enough in policing pay in the nonprofit sector and that regulations governing compensation are too weak. “I’ve asked him to review these regulations to see how …
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Corporate Profits and a Thriving Economy Not Necessarily the Same Thing
This is depressing: By most measures, Harley-Davidson has been having a rough ride. Motorcycle sales are falling in 2010, as they have for each of the last three years. The company does not expect a turnaround anytime soon. But despite that drought, Harley’s profits are rising — soaring, in fact. Last week, Harley reported a …
Corporate Profits and a Thriving Economy Not Necessarily the Same ThingPost + Comments (96)
McArdle is Always Wrong.™
I honestly don’t understand why everyone hasn’t figured this out.
Open Thread: Rove’s Base (But We Knew That)
Via Gawker, Salon follows the money behind Karl Rove’s latest Astroturf outfit: Virtually all of the $4.7 million raised by Karl Rove’s new conservative outfit was contributed by just four billionaires, three of whom are based in Dallas, Texas, and two of whom made their fortune in the oil and gas industry. __ The IRS …
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Chuck’s Bucks
This floors me: Charles Schumer has more cash on hand ($24 million) than the entire Democratic Senatorial Campaign Committee ($21 million). I sure hope Chuck plans on giving a good amount of that money to other campaigns this year, because he’s got about the safest seat in the Senate. He won his last election with …