Month: February 2012

The European Parliament is considering giving the European Union substantial authority over rating agencies including the right to ban sovereign credit ratings if countries don’t want them. In a related development, the parliamentarians are also considering giving schoolchildren the right to ban unsatisfactory report cards. The underlying philosophy is relatively simple: if something is unknown; […]

Fool me once shame on you. Fool me twice shame on me. One of the things that is supposed to help the president’s reelection chances is a reduction in the unemployment rate. Historically, no sitting president has been reelected with an unemployment rate as high as we have now, so the spin we are hearing […]

Some months ago, when the world seemed to care about debt, deficits and super committees, a veteran government relations person told me “Grover is just an ass hole.” Well, that was what I was expecting when I came to lunch, but I am really glad I did not write it because Grover Norquist is definitely […]

Peggy Noonan of the Wall Street Journal wrote the best story I found today. Actually the best two stories cobbled into one, so she gets both the blue and red ribbons. This paragraph, describing the Republican establishment was the “you had me at hello” moment: “That establishment is not what it was decades ago, when […]