America In 2020 Will Probably Rhyme With Britain In 2019
Kevin Drum If you use Twitter to get a sense of “what people are saying,” it’s a mug’s game. It all depends on who you follow, after all. Still, I follow a smallish but—I think—pretty good cross-section of the progressive chatterati, and in just the past 24 hours the response to the British election results…
Bloomberg Just Bought CityLab—and Put Half Its Reporters Out of a Job
Rick Scuteri/AP Journalism has had a rough year full of layoffs across the country, and Bloomberg Media, the company owned by the latest entrant in the 2020 Democratic primary, just made life worse for a handful of reporters. Earlier this week, Bloomberg Media announced its first acquisition in more than a decade, buying CityLab, an…
Is Boris Johnson a Brilliant Political Strategist?
In the wake of the big Conservative victory in yesterday’s British elections, Andrew Sullivan is getting a lot of attention for his piece about Boris Johnson in the latest issue of New York. Sullivan argues that although Johnson may seem disheveled and lacking any kind of consistent ideology, he deserves more credit than he’s usually…
With This Impeachment, Trump Is Getting Off Easy
Mother Jones illustration; Patrick Semansky/AP; Getty Donald Trump got off easy. On Friday morning, the House Judiciary Committee approved two articles of impeachment against the 45th president of the United States. In the historic move, Trump was cited for abusing his office and obstructing Congress’ investigation of that abuse. The abuse was a narrow matter:…
Republicans Got a Photographer Thrown Out of the Impeachment Hearings. He Didn’t Break Any Rule.
Rep. Matt Gaetz (R-Fla.) speaks during a House Judiciary Committee hearing in the Capitol.Alex Edelman/CNP via ZUMA Wire A video of a photographer snapping a couple of quick photos of Representatives’ belongings inside the House Judiciary Committee’s hearing room quickly went viral on conservative Twitter on Thursday afternoon. Republicans, including elected Representatives, tweeted videos of…
What’s Wrong With the Repo Market? A Followup.
Back in September I passed along the news that there had been a peculiar spike in the overnight repo rate, the interest rate that banks charge each other for overnight loans of cash. On September 16, right at the end of the trading day, there was suddenly a huge unfilled demand that produced a massive…