Obama’s year of the veto

Senate Majority Leader Mitch McConnell’s (R-Ky.) setting Keystone as the first order of business for the new session, with fast passage through the House expected Friday, was part of a GOP attempt to undercut Obama quickly, and devastatingly, even before he got to his State of the Union address: He’d either have to concede on approving a project he has resisted and his base hates, or kick off his promised era of bipartisan cooperation with what would be only his third veto ever…

Boehner takes revenge

POLITICO: …After he secured his third term as speaker Tuesday afternoon, losing 25 votes on the House floor to some relative-unknown members of the Republican Conference, [House Speaker John] Boehner moved swiftly to boot two of the insurgents from the influential Rules Committee. That could be just the start of payback for the speaker’s betrayers, […]

Daimler’s self-drive car gears up for the future

FINANCIAL TIMES: Meet the car of the future: self-driving, with touchscreen walls and seats that rotate to create an “exclusive cocoon on wheels” in which you can work, rest and play… We think fully autonomous vehicles are a real possibility,” said Mark Fields, Ford chief executive, in remarks before the opening of CES. “For the […]

Tale of two authorities

PHILADELPHIA INQUIRER EDITORIAL: …In April, Republican lawmakers from both sides of the Delaware joined Pennsylvania Auditor General Eugene DePasquale, a Democrat with a seat on the DRPA board, in proposing the reforms. Most importantly, they would revoke the agency’s broad leeway to fund “economic development” projects far afield of its bridges and rail line. Agency […]

Pennsylvania slot machine revenue drops in 2014

PITTSBURGH POST-GAZETTE: …Gross revenue from the state’s 12 casinos totaled $2.31 billion in 2014, down 2.71 percent from the $2.38 billion collected in 2013, according to the Pennsylvania Gaming Control Board. Richard McGarvey, a gaming board spokesman, attributed the decline to competition from surrounding states, including Ohio, Maryland and New York. He also theorized that […]

‘What’s the Matter with Economics?’: An Exchange

“Yes, underregulated—which brings me back to the invisible hand. I thought I had laid this issue to rest by agreeing with Madrick that ‘the Invisible Hand is an approximation, usually not applicable in the real world without significant modification’ (his words). That’s right. And those modifications point toward, inter alia, antitrust laws, consumer protection, fair labor standards, health and safety regulation, financial regulation, and much more.