several days ago the Supreme Court gave a strong indication that it intends to overturn the precedent set in Au
stin v. Michigan Chamber of Commerce
Results tagged “bad html” from YGLESIAS errata
Felix Salmon comments on the stock market dropping below its November lows:The fact is that prospects for the economy are much worse than they were in November. As such, it stands to reason that stock prices should be lower than they were in November: if they were much higher, and the Dow was still above 9,000, that would be the real news, since it might imply that the November lows were panic-driven rather than rational.
That's right, but I think people's Dow-driven anxieties point to a larger pathology that started at the policy level and has now infected the media and the general public's understanding of how the economy works.
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And the increase in value was driven by a combination of speculation, and buy the fact that consumption was creating economic activity.
But by the same token it's also true that the Republican Party is dominated by its upscale wing. Johnny Isakson may in some sense "represent" a middle-and-working class constituency but his personal fortune is valued in the $8-24 million range. Mitch McConnel who likes to play a Europe-hating rube in TV is in the $3-13 million range.
It's hard to quote the mistake, but in the first typo since his return from Spain, Matt manages to misattribute three paragraphs that he wrote and a picture of Scrooge McDuck diving into a pool of gold to Brian Riedl.
