The FCC is going to release a report saying that the current broadband oligopoly is not bringing connections to the American market fast enough. If you’re interested in why, this study of Time-Warner’s spending and profits profits provides some of the answer: TWC’s revenues from Internet access have soared in the last few years, surging …
C.R.E.A.M.
Skeert of The Mean Lady, Elizabeth Warren
Shamelessly stolen from Jim Newell’s Gawker article, “Will Tough, Awesome Elizabeth Warren Head the New Consumer Protection Agency?”: … Warren’s voice became more prominent over the last decade for her work studying credit card company abuses and other, suddenly very common financial sector exploitations of the debt-saddled middle class. Her fame and popularity “exploded” (Washington-wise!) …
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Open Thread: Struldbrugs Among Us
I consider myself fairly cynical about the Forty Years’ War Against the Middle Class, but I hadn’t previously heard of this particular strategem to help (some) Americans build an aristocracy: … Congress is feeling pressure to deal with taxes on inherited wealth, which have fallen to zero this year thanks to lawmakers’ inaction. In the …
Leverage Meets Real Life
The latest Leverage episode, the Double-Blind Job, featured a plotline in which a drug company executive was planning to release a new drug and make billions. There was only one problem- they knew that it caused liver damage and would kill people. Not so fictional, it seems: In the fall of 1999, the drug giant …
This Needs to be Said Over and Over Again
And even then it won’t stick because someone will get bitten by a shark or a little blonde girl will get kidnapped: Deficit Hawks Don’t Care About The Deficit Some just want to cut spending that might benefit poor brown people, most just want to cut taxes paid by rich people. They don’t actually care …
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Deficit Hawks
Tim Eagan is shrill. __ __ If we can’t get people to start using ‘deficit vultures’ — which would be accurate, if insulting to the avian scavengers who fulfill a useful ecological role — can we at least start using ‘deficit chickenhawks‘ for those who want to attack any expenditures that don’t affect them? __
Extend and Pretend
Your daily dose of frightening economic news, this time focused on commercial real estate.