"A stimulus too small to significantly reduce unemployment, a TARP that didn’t trickle down to Main Street, financial reform that doesn’t fundamentally restructure Wall Street, and health-care reforms that don’t promise to bring down health-care costs have all created an enthusiasm gap. They’ve fired up the right, demoralized the left, and generated unease among the general population."
An International Monetary Fund veteran explains how the US financial situation is like that of a less-powerful nation's developing economy. Oligarchy, corruption, and the financial sector's control of the government — it's not good.
Washblog: Four Basic Kinds of Health Care Financing Around the World
The four most common types of healthcare that really work and don't really work and how ours is a jumble of parts of all four and all the proposals are pretty shitty.
"Everyone knows that Google is killing the news business. Few people know how hard Google is trying to bring it back to life, or why the company now considers journalism’s survival crucial to its own prospects."
The Secret Diary of Steve Jobs: A not-so-brief chat with Randall Stephenson of AT&T
"I had this vision of the future — a ruined empire, run by number crunchers, squalid and stupid and puffed up with phony patriotism, settling for a long slow decline."
Times Labs Blog: Do music artists fare better in a world with illegal file-sharing?
"The most immediate revelation, of course, is that at some point next year revenues from gigs payable to artists will for the first time overtake revenues accrued by labels from sales of recorded music."