Bob Wright and I discussObama's cosmopolitanism. ... 10:01 P.M.
Fitzmas in Reverse: Steve Bartin speculates on the potential Rezko Shoe. ...Update [also via Bartin]: The Chicago Sun-Times Mark Brown wonders why Rezko elected to go directly to jail rather than trying to remain free on bond:
There's a more interesting way to look at this, which paints a scenario you'd more likely see in a trial where there is some sort of mob connection.
Tony Rezko is a guy who knows a lot about a lot of people. Those people have a very serious stake in him keeping his mouth shut. Rezko is also known to be a very security-conscious guy.
I know this is going to sound overly dramatic, but it's not really that far-fetched to think Rezko may well believe he's in danger if he goes free and that by reporting to jail it's proof that he's not cooperating.
It's one way of saying, "You don't have to worry about me."
Tuesday, June 3, 2008
Unions Make the Wage-Price Spiral Go Round: Paul Krugman argues we aren't about to see a return of 70's style stagflation because
there's no sign whatsoever of the wage-price spiral that, in the 1970s, turned a temporary shock from higher oil prices into a persistently high rate of inflation.