The Ratings Agency Scam

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In General
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On June 21, 2013
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The banks knew some of the "AAA" investments they were selling were crap, the rating agencies knew they were crap, and after an enormous amount of human misery many of the people actually involved made tons of money and it's not clear that anything has changed.

The Tired BMD Debate

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In Robert Farley
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On June 21, 2013
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Some thoughts at the Diplomat on BMD: The nub of genuine utility is this; ballistic missile defense can help protect the forward military installations of a state from attack by hyper-accurate ballistic missiles designed to destroy and disrupt military capability. Soviet plans to strike Western European airbases...

For Once, A Pleasant Surprise

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In General
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On June 20, 2013
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Last year, we quite remarkably learned that it was possible to be too dumb to win the Republican nomination for president. And now, apparently a bill can be too evil to pass the Republican House: Partisan accusations of broken promises erupted Thursday as a House five-year...

Worldport

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On June 20, 2013

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Major bummer that the Worldport at JFK is going to be demolished. I suppose it was pretty well inevitable given the space considerations at the airport, but it's a pretty.

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