Wednesday October 22, 2014
October 9th, 2014
A few weeks ago, the governor of Nevada, Brian Sandoval, signed into law a tax "incentive package" that his administration had negotiated with Tesla, the electric car company. Tesla is planning to build a giant factory to manufacture the batteries that power its cars, and Nevada was one of five states that were competing fiercely to land the plant.
The beheadings of Jim Foley and Steven Sotloff by the Islamic State enraged and horrified the nation. But someone who knows her state down to the block and town green level said the killings were felt even more deeply here.
Poll after poll continue to show the Democrat Senate majority as endangered and President Obama's popularity as equally in peril. What is it that so many don't seem to comprehend about the political realities of the era?
No power couple cut a wider social swath in post-Civil War Washington than President Ulysses S. Grant's attorney general, George H. Williams, and his wife, Kate.
The American psyche has taken a serious hit from the jaw-dropping Secret Service scandal that unfolded in the nation's capital this week. Why? Because practically all of us, regardless of our backgrounds or our smoldering anger at political Washington's ineptitude, believed in the myth of the agency's invincibility. And the dismantlement of that myth has left us reeling far more than a typical, bureaucratic Washington mess.
George Orwell was right: "Who controls the past controls the future. Who controls the present controls the past."
When will central banks in the United States and Britain start raising interest rates? The question preoccupies financial markets, and much turns on the answer. What's happening in the two countries' labor markets - and what the Federal Reserve and the Bank of England think is happening - is the crux of the matter.
He's not exactly stepping aside quietly. Reaction to Eric Holder's resignation ranged from hagiographic to diabolical. Civil rights leaders praised him as the strongest attorney general since Bobby Kennedy. Fox News derided him as the nation's all-time worst attorney general, who left behind a "trail of scandals." Maybe we could all agree that Holder's legacy lies somewhere in between.
Last week, Bill Gross, the so-called bond king, abruptly left PIMCO, the investment firm he had managed for decades. People who follow the financial industry were shocked but not exactly surprised; tales of internal troubles at PIMCO had been all over the papers. But why should you care?
Thirty years ago, a college kid in Kentucky was caught growing marijuana plants in his closet. That turned him into a convicted felon, and though he's been on the right side of the law ever since, he still can't vote. On any job application, he must check the box next to "Have you ever been convicted of a felony?"
All this misery for growing a plant whose leaves the past three presidents admit having smoked.