Bringing Democracy to the Federal Reserve

Federal Reserve Chairmen have long had a habit of dropping pithy little phrases into their speeches—most couched in hazy Fed speak and subject to a multitude of interpretations. But there are times when the money czars are actually delivering a message.

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The Permanent Energy Crisis

President Bush's State of the Union comment that the United States is "addicted to oil" can be read as pure political opportunism. With ever more Americans expressing anxiety about high oil prices, freakish weather patterns, and abiding American ties to unsavory foreign oil potentates, it is hardly surprising that Bush sought to portray himself as an advocate of the development of alternative energy systems.

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The Most Obscene Profits in American History

It was, to use Yogi Berra's phrase-déjà vu all over again. George W. Bush's energy program in his State of the Union speech echoed the many similar promises made by his presidential predecessors going back to Ronald Reagan. Promises that were either vague or if specific, distant from realization. What irony to pledge to become energy independent, as we become ever more dependent on imported oil-imports are now reaching 60 percent of total US oil consumption.

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Rove v. Fitzgerald

For Karl Rove, no news from the Plame case -- Special Counsel Patrick Fitzgerald's grand jury investigation into the outing of Valerie Plame Wilson's identity as a CIA agent -- is definitely not good news. Seismic activity is notoriously silent, so we may not be hearing any rumblings at the moment. But speaking as a former prosecutor, I believe it highly likely that, just below the surface, the worlds of Karl Rove and Special Prosecutor Patrick Fitzgerald, shifting like tectonic plates, are about to collide.

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