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By Paul Krugman
$17.13
$13
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This week on “Left, Right & Center,” the gang chats about the shakeup in Obama’s economic team, the GOP’s alleged new ideas, the Democrats’ spine on taxes, and the ever important but little-discussed issue of schools. Tune in to find out more.
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AP / Wong Maye-E
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In a spare-no-one, off-the-cuff critique, former Federal Reserve Chairman Paul Volcker delivered a blistering analysis of the nation’s financial system Thursday, criticizing banks, regulators, business schools, the Fed and money-market funds in a “plea for structural changes in markets and market regulation.”
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AP / Alex Brandon
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President Obama spoke before a group of fat cats—or rather, “titans of industry,” as he called them—from Wall Street on Thursday at Cooper Union in New York City, the same site where he’d delivered his pre-bailout, pre-presidential speech on the economy two years ago, in an attempt ... (continued)
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After a series of depressing announcements, Barack Obama will finally turn to an economic adviser who wasn’t directly responsible for the current crisis or mentored by someone who was. According to a report in The Wall Street Journal, the president-elect wants former Fed Chair Paul Volcker to lead a new presidential advisory board focused on saving America from financial ruin. Update
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During his first press conference as president-elect, Sen. Barack Obama stressed that he’s not in the Oval Office yet but offered a few specifics about how he plans to handle the economic crisis once he moves in.
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AP photo / Chris Carlson
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By Robert Scheer — Instead of running with the “European socialist” crowd, as John McCain has claimed, Barack Obama has turned to the same American “free market” elite that views government as merely a corporate subsidiary. Even within that group, however, there are serious splits, and the more enlightened side seems to be winning.
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Does Anything Change in Los Angeles With Election of New Mayor?
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