(WASHINGTON) — A Democratic-controlled Senate panel Tuesday approved a $2.50 increase in airline security fees that would double the per-passenger fee for those taking nonstop flights.
I wish there were a class called China 101 that every member of Congress had to attend. This would be the first lesson: if you really want the Chinese to do something, never pressure them about it in public. Loss of face is anathema in the Middle Kingdom. Which is why when the U.S. Senate passed a bill hinting [...]
The Senate passed its financial reform bill. Huzzah! What did the Senate wind up with after three weeks of such intense lobbying and debate? First, I’ll run through the big, headline-grabbing changes. Then the real fun begins: the changes that are coming which you probably haven’t been hearing as much about. Just remember that Congress [...]
Today’s Goldman Sachs hearing in the Senate is fantastic theater. The kind of theater that makes you want to run to the restroom to vomit. I’ve been watching the hearing on TV, and I am nauseated to report that they still don’t get it. The world came to the brink of financial ruin, and the [...]
