Time Magazine Has The Wrong Breast On Its Cover

The big news in the debt ceiling world is that the GOP basically folded on Friday. The story isn't over yet (things can always go wrong) but the GOP offered to hike the debt ceiling for three months, so that it would come up after the sequester and continuing resolution (the budget) were dealt with.

Over the weekend one of my friends took to Facebook to ask a very good question. Her four-year-old daughter was going to run a lemonade stand, and my friend wanted suggestions “to incorporate an element of giving into the project”. Which charity should the daughter start supporting with her lemonade-stand profits? There were some very good answers, but there was also one woman who suggested, of all things, breast cancer research.

No one wanted to be president less than Mitt Romney, his son said in an interview out Sunday that raises new questions about the candidacy of the losing Republican nominee. In an interview with the Boston Globe examining what went wrong with the Romney campaign, his eldest son Tagg explains that his father had been a reluctant candidate from the start.

English: CEO of the Salt Lake Organizing Committee Mitt Romney offering remarks before a curling event (Photo credit: Wikipedia) Aspiring Diplomat-in-Chief Willard Mitt Romney is wrong about the relationship between culture and economic success. And based on analysis of why capital flows more to some countries than others, Romney bypasses four [...]

People Believe What They Want to Believe Conventional wisdom says late deciders break against the incumbent. I said otherwise. I based my 90% likelihood of an Obama win on the notion that late deciders break in an unknown manner but in a big way. When the surge in support for Romney ended following the first debate, it was clear, at least in my mind, that the next momentum change, regardless of which way, was going to seal the fate.

By Simon Johnson As the presumptive Republican vice presidential candidate, Representative Paul D. Ryan of Wisconsin and his plans for the federal budget are drawing increasing interest. Mr. Ryan has been chairman of the House Budget Committee since the Republicans took control of the House of Representatives in the 2010 midterm elections and has articulated a vision for federal public finances that is quite different from what other prominent Republicans have been advocating – including Mitt Romney.

The price of corn is at all all-time high because of extreme drought conditions in the US coupled with the hottest July temperatures since records began 117 years ago. Inane Policies