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What goes up must come down: Interest on the national debt edition

2 years 1 month ago
Paul Krugman has a column today about interest on the national debt. It's going up thanks to the Fed's rate hikes, but he says it's not likely to be a long-term problem. His explanation gets a little complicated, though, so I'd like to simplify it. Here is every significant Fed interest rate hike from the ...continue reading "What goes up must come down: Interest on the national debt edition"
Kevin Drum

This Week In Techdirt History: July 30th – August 5th

2 years 1 month ago
Five Years Ago This week in 2018, not long after the settlement in the Dancing Baby case, Universal was straight back to issuing DMCA takedowns, this time over a reporter’s video of Prince fans singing Purple Rain (though it didn’t take long for them to back down). Sony found itself in court after bullying a […]
Leigh Beadon

Trump threatens enemies 24 hours after being warned not to

2 years 1 month ago
August 3rd: Donald Trump receives a warning from the judge overseeing his arraignment. August 4th: Donald Trump responds. A "spokesman" later "clarified" that Trump was referring only to "RINO, China-loving, dishonest special interest groups and Super PACs." Approximately no one believes this, least of all Jack Smith, who's prosecuting Trump: Federal prosecutors asked a judge ...continue reading "Trump threatens enemies 24 hours after being warned not to"
Kevin Drum

New shipping rules aren’t responsible for our scorching summer

2 years 1 month ago
Why is it so hot? The latest theory making the rounds is that it's due to a change in shipping regulations. In 2020 the International Maritime Organization reduced the allowable sulphur content of bunker fuel to 0.5%, which was great for human health but not so great for global warming. You see, sulphur emissions cool ...continue reading "New shipping rules aren’t responsible for our scorching summer"
Kevin Drum

Today brings word of yet more borrowed money for Clarence Thomas

2 years 1 month ago
The New York Times tells us today about yet more billionaire assistance propping up the not-so-down-to-earth lifestyle of Supreme Court justice Clarence Thomas. In 1999 he bought a used RV that he uses to travel around the country: His Prevost Marathon cost $267,230, according to title history records obtained by The New York Times. And ...continue reading "Today brings word of yet more borrowed money for Clarence Thomas"
Kevin Drum