Gina Haspel’s Torture 2.0
Congratulations to the primary challengers of the Senate Democrats who voted for Haspel’s confirmation.
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Wall Street
Chuck Schumer’s Tips for Resistance
Is our Democrats learning? Resisting and obstructing every evil thing Trump does is what the base wants. Ignoring the base in favor of technocrats and corporate donors hasn’t worked out so well electorally, so maybe they’ll smarten up.
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A Credible Big Bank Living Will
Five of the eight largest banks are still too big to fail. Regulators said their plans to wind down weren’t credible and would require bailouts in the event of another collapse. These banks are even bigger than they were in 2008, so the Great Recession Redux will certainly be interesting.
Read the comic at the New York Times.
Panic in the Real Economy
Last week’s stock market turmoil here and in China threw the financial infotainment shows into a tizzy. If only they covered the financial drama unfolding in regular homes across the country with the same level of enthusiasm.
Gas and oil prices are really low right now. In a sane world, this would be a good time to raise the gas tax and plug the long-neglected gaps in infrastructure funding. But things are not sane, and low gas prices are only seen as an opportunity to go back to the SUV excesses of the 90’s.
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Troubleshooting Wall Street
A glitch shut down the NYSE for a couple hours last week. I’m sure it was traumatic for the obscenely wealthy to watch as their capital gains temporarily sat idle.
Read the comic at the New York Times.
America’s Top Sports Cop
Like most Americans, my interest in soccer peaked with youth soccer (Go BYSA!) and only returns during the men’s and women’s World Cup tournaments. But anyone with a passing interest in the game can tell FIFA is terribly corrupt.
Last week’s FIFA arrests were surprising and long overdue. Awarding the 2022 World Cup to the sweltering desert nation of Qatar was more than a bad idea, it’s been deadly for the workers tasked with building the infrastructure for the games. It’s a shame corrupt banks aren’t subjected to anywhere near the same level of scrutiny as corrupt sports leagues.
Read the comic at The New York Times.