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As Zubin noted , the Journal has a piece today cataloguing the quick rebound in compensation at big Wall Street firms like Goldman and Morgan Stanley: Based on analysts' earnings forecasts for 2009, Goldman Sachs Group Inc. is on track to pay out...
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With the new John Dillinger biopic out, we decided to pull up a TNR article from 1934 about the legendary bank robber: Two of the bandits on the outside were gentlemen; one was a tough. He didn't smile at the audience. He scowled. He pushed the people...
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While paging through the much-remarked on list yesterday, I noticed it was both incredibly comprehensive--everyone from Rahm down to the most obscure "correspondence analyst" was on it--but also that a couple big names were missing. Two in particular...
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Deja vu? Wage growth nonexistent on Main Street but soaring on Wall St. California sets a 3.75% interest rate on its IOUs . Who broke Harvard's finances? Meet Japan's Paul Krugman. China bans virtual currencies. --Zubin Jelveh
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"The Star Spangled Banner" is a difficult song. It has been criticized in this magazine for its aesthetic and symbolic deficiencies and its Jacksonian sentiment . As former TNR editor Michael Kinsley recently put it , the song is "notoriously...
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So much for the zero lower bound. Buried in the statement accompanying the Riksbank's interest rate cut today was the news that Sweden's central bank had cut its deposit rate to -0.25%. This is the first time (I believe) a major central bank has...
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My item from earlier this week about Treasury and PPIP elicited some mixed reactions , so I wanted to post a quick follow-up clarifying what I think the Treasury official I quoted meant. To review, the official was commenting on how most of his colleagues...
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Headline of the day: "Ant mega-colony takes over world" (Read the story before you go all Kent Brockman in response.) -- Jonathan Chait
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Yglesias : I will say that one thing I like about Washington is that relative to other major American metro areas, DC is relatively egalitarian in economic terms. The $172,200 that the top White House staff make is good money but it’s hardly enough to...
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By all accounts Mitt Romney's 2012 bid for the presidency is moving full speed ahead. Last month, he gave a major address in which he laid out his view of international politics--and boy was it convoluted. Channeling the business jargon common at...
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Ed Kilgore is managing editor of The Democratic Strategist , a senior fellow at the Progressive Policy Institute, and a frequent contributor to a variety of political journals. At virtually any given moment, the news-cycle-driven chattering classes of...
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Well, this blame-the-wife screed should certainly make Michael Wolff popular with the ladies. Jenny Sanford Is a Bummer Obviously every marriage--and every affair--has complicated internal dynamics. Very rarely is either party completely faultless. But...
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As everyone's heard by now, the House climate and energy bill passed last week by a narrow 219-212 margin. And by all accounts, Nancy Pelosi's arm-twisting skills were one major reason the controversial bill eked through, as she worked overtime...
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In the second part of a TNRtv series on Afghanistan, Ambassador to the United States Said Tayeb Jawad addresses some of his country's most pressing challenges: a thriving poppy trade, the need for a greater Afghan lobbying presence in Washington,...
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Demonstrating that Iraq hasn't fallen off the Obama administration's radar--and affirming reports that the vice president would play a key role on Iraq policy--the White House has sent out this announcement: Vice President Biden has arrived in...
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I realize certain people are trying to kill Steve Schmidt's career as a GOP consultant, but, man, as the details of the McCain campaign's infighting over Sarah Palin continue to trickle out, it's hard not to feel sorry for Schmidt over the...
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Could Minnesota Senator Amy Klobuchar be any more condescending? Ms. Klobuchar said she had talked regularly with Mr. Franken and offered various bits of advice. “I’ve forged friendships with Republicans, and that’s important,” she said. She also said...
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Congress 2.0: It's 2009--Isn't It Time We Allow Senators Incapable Of Making It To Washington To Vote From Home? by Jason Zengerle Why A Half-Assed Climate Bill Is Probably Worth Supporting , by Bradford Plumer Resignations, Frustrations, And...
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Sad news from California: The great Karl Malden has died at the remarkable age of 97. Malden was an actor who managed to achieve success in both film and television. His most famous movie roles were under director Elia Kazan in A Streetcar Named Desire...
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War on poverty, war on drugs, war on cancer, war on hunger, war on crime, war on obesity, war on illiteracy, even war on guns. Somehow the society likes the metaphor of war despite the fact that it is usually a prelude to failure. I don't know what...