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Misnamed JOBS Act – Which Deregulates Financial Markets – Gets Senate Vote Today
Today the Senate will vote on the JOBS Act, part of a deal on judicial confirmations that allows the House-passed bill to come to the floor. The Senate will vote on a substitute amendment that includes...
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Reid Pulls JOBS Act Bill After Amendments Fail
The Senate plan for the JOBS Act today, a financial deregulation bill that would weaken investor protections with no economic benefit, was for three cloture votes – an amendment to add investor...
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JOBS Act Passes Cloture, Some Investor Protection Amendments to Get...
The Senate invoked cloture today on the JOBS Act, the financial deregulation bill that Reid pulled from the floor yesterday after the failure of some amendments that would strengthen the investor...
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Senate Passes JOBS Act, STOCK Act
It’s unusual when the Senate passes one bill in a single day, but today they’ve passed two. And both are an indication of the seriousness of legislating in the modern age. First, we have the JOBS Act,...
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Administration Proudly Announces They Initially Proposed JOBS Act...
I had a little Twitter spat with Zandar today after he responded to a tweet I wrote about the STOCK Act with a rejoinder that I probably thought it was “Obama’s fault.” Zandar has adopted this Sixth...
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Democrats Realize Pro-Fraud Legislation Not in Their Interests
After both houses of Congress passed it, the White House is finally recognizing that the deregulatory bill they proposed and pushed is distasteful to liberals who have actually looked at it for longer...
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Deregulatory JOBS Act Gets Final Passage in the House
The House may not have been able to pass a transportation bill yesterday to enable the smooth functioning of two million construction jobs, but they did find the time to kill a bunch of investor...
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More JOBS Act Deregulatory Measures Found
Visit msnbc.com for breaking news, world news, and news about the economy Yves Smith points us to a nice takedown of the woeful JOBS Act, which should get signed into law this week. Chris Hayes had...
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On JOBS Act, Ask a Con Man
I’m not suggesting that convicted con men should perpetually give testimony in Congressional hearings. But on something like the JOBS Act, it wouldn’t be such a bad idea. Because they could tell you in...
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As Weather Forecasters Predict Continued Drought, Goldman Cashes In
Lloyd Blankfein The farm belt has been facing one of the severest droughts in its history and recent forecasts conclude that the next 3 months are going to make a bad situation worse. The situation has...
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Fiscal Cliff Talks Convene in Washington
Members of Congress and the White House have begun to hold more serious talks on the fiscal cliff (actually, fiscal slope is the better term for it, as the fiscal contraction does not all hit right...
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Economists: 2013 Another Weak Year for the US Economy
The US got a good retail sales number for September today, which portends a decent holiday shopping season. But even this indicator led to forecasters predicting a sluggish 1.6% GDP growth for the...
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GDP Increased to 2.0% in the Third Quarter of 2012
The Bureau of Economic Analysis rates 3rd quarter GDP with a preliminary estimate of 2.0%, an increase from the previous quarter but not the kind of economic growth normally associated with reducing...
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Automatic Economic Growth for the Next President? Not So Fast.
Throughout this election cycle, we’ve heard a good deal of happy talk regarding the state of the economy. Bloomberg comes out and says it today – the economy will improve, regardless of the occupant of...
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Eurozone Officially Falls Into Double-Dip Recession
The Eurozone experienced its second straight quarter of negative growth in the third quarter of 2012, fulfilling the technical conditions of a recession. This recession is so far mild, with a -0.1%...
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Economic Indicators Still Point to Weak 2013
Morgan Stanley's weak economic forecast should trigger stimulus, the opposite of what's coming Morgan Stanley continues to predict a weak 1.4% growth for the US in 2013. I assume some of this pessimism...
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US GDP Rises to 2.7%
The Commerce Department revised its estimate of GDP in the third quarter up to 2.7%, a substantial gain from the initial estimate and an indication that the economy grew at a solid clip in the months...
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The Case for Adequacy and Economic Growth Rather than Deficit Reduction and...
Fiscal slope talks have progressed, according to multiple news reports. Nobody’s talking details, which tea leaf-readers are taking as a sign of advancement (I wouldn’t be so sure of that, it seems...
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We Don’t Have a Deficit Problem, Cont’d
Paul Krugman takes aim at something that should have been a major talking point for progressives, even if lawmakers couldn’t touch it, for the last four years. There has been a void in talking about...
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GDP Rises to 3.1% in Final Q3 Estimate, But the Main Drivers Won’t Last
The economy grew at a faster rate than expected in the third quarter, according to the final revision on GDP released today. GDP increased at a relatively healthy 3.1% clip in Q3, a step up from the...
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