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Category: Economy

Bair’s Bailout Plan | Turning the Corner on Torture

by WS Editors | Feb 1, 2009 | Economy, Foreign Policy

Bair’s Bailout Plan—Barack Obama’s Treasury Secretary-designate Timothy Geithner and senior economic adviser Lawrence Summers have dominated the shaping of policy and news coverage of the new White House economic team. Sheila Bair isn’t even part of it. The director of the Federal Deposit Insurance Corporation (FDIC) is a Bush appointee, whom many assumed would resign […]

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A World-Class Pentagon Budget

by WS Editors | Jan 1, 2009 | Economy, Foreign Policy

“THE NEW ADMINISTRATION WILL TAKE OFFICE in January 2009, inheriting a budget for the Department of Defense that will exceed $600 billion per year, roughly equal to the rest of the world. Because we are not facing the possibility of armed conflict with the rest of the world put together, it’s clear that some adjustment […]

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Economic Treason | Intelligence Failure? | Liars’ Club

by WS Editors | Jan 1, 2009 | Economy, National Security

Economic Treason—Senator Mitch McConnell of Kentucky represents a state that is home to Toyota’s biggest plant outside of Japan. Senator Richard Shelby of Alabama represents a state that is home to Mercedes-Benz, Honda, Hyundai, and Toyota. Senator Bob Corker of Tennessee represents a state that is home to Nissan’s North American headquarters and a new […]

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Roubini’s Crystal Ball | Prosecuting the Bushies (If Not Bush)

by WS Editors | Dec 1, 2008 | Economy, Politics

Roubinomics—New York University economics professor Nouriel Roubini predicted and defined the current economic collapse in 2006. He now says we are in the “worst U.S. recession in the last fifty years.” What does the economist who foresaw this economic crisis prescribe to end it? “A major aggressive fiscal stimulus, government spending on goods and services, […]

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What’s Driving McCain’s Decline?

by WS Editors | Nov 1, 2008 | Economy, Politics

RUNNING A RIFF THAT SEVERAL MEMBERS of Congress had reduced to one paragraph, while Treasury Secretary Henry Paulson groped for the right mix of money and policy to keep a recession from spiraling into a depression, Rep. Carolyn Maloney (D-NY) described the state of the nation: “We are facing what has been called the most […]

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