Stockton, California Goes Belly Up
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Cate Long to talk about the bankruptcy of Stockton, California, the battle the city now faces with the state’s retirement system and the latest infrastructure spending by the Obama administration.
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Detroit and How Democracies Die
It’s easy to kick Detroit. The place just about roles over and begs for it. Now we learn that the City Henry Ford built is now eligible to be put under emergency management by Governor Rick Snyder. Michigan State Treasurer described the situation succinctly below.
“We believe there’s a financial emergency in the city and that there’s no plan in place to correct the situation … I do believe strongly Detroit is fixable,” he said.
I read this, nod in sad agreement and then think to myself that Detroit is just the symptom. Detroit is just the canary that died in the burning coal mine of American finance. Our country is going bankrupt and despite our heartfelt desire that this not happen, most of us are helping it occur. We are caught in what’s called a discursive dilemma. Gonzalo Lira gives us an explanation of how we made it to sequestration below.
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The Solyndra Green Recovery That Wasn’t
With news this past week of Solyndra’s bankruptcy, firing of 1,100 employees and federal agents now raiding the homes of the executives, I thought it would be instructive for all to go back to where this began. Two years ago on September 4th of 2009, Vice President Biden was live via satellite to praise a little known solar company that was going to help America | Read More »
The New Economics of Hollywood
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by John Ross and Cole Abaius to discuss how movie studios are struggling to survive in a 3D and digital age. We’re brought to you by Film School Rejects and by BigGovernment. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you | Read More »
Barney Frank and the ‘Big Tent.’
Your laugh line of the day: “The party has grown by becoming the party of inclusion.” …which is the worried reaction from a Lefty blogger who can’t quite understand why Barney Frank, head of the House Financial Services Committee, would say anything like the below in response to the way that the bankruptcy bill got shot down in the Senate (if only temporarily): The reason | Read More »