Category Archives: Economy
High Speed Wail
Alan Simpson called the deficit a “stink bomb in the garden party”. The Obama budget went for the only thing more dear to liberals than bicycle paths – high speed rail. Robert Samuelson says this stink bomb would cost $500 billion over 25 years. I don’t know – less than a trillion sounds cheap these days.
New Media Merger
The ideologically supple Arianna Huffington sold her left leaning Huffington Post to AOL for $315 million. Not to begrudge a successful capitalist, but The Huffington Post is famous for stiffing original content providers.
Food Fuel
Here’s a look at the problem from the Simon Nixon blog in yesterday’s WSJ.
The protests in Egypt, Tunisia and Jordan are all clearly rooted in deep political grievances against brutal dictatorships, but they have their origins in soaring food prices. The chart below from Absolute Strategy Research shows why:
Date Night on the Ship of State
Got the idea for this from Kevin O’Brien in the Plain Dealer.
“Cocktails on the Lido Deck at 7. Scuba gear is mandatory.”
We’re All Investors Now
Republicans used to call it tax and spend. Now it’s mostly just spend. Democrats call it investing. For all the hope and change, things have stayed pretty much the same.
I drew this in 1992. 
