Where do these people come
from? How do they sleep
at night?Kevin Drum explains what W. Michael Cox of the Fed means by "portfolio diversification in your income."
Try to guess what it means without reading the explanation.( Collapse )
BTW, I'm not sure how many of you live in San Jose, but both of the candidates for SJ Mayor were at the Democratic Reunion
picnic I was working at this past Saturday. I talked with Cindy Chavez for a bit -- she's been endorsed by the party, and is idolized
by many of the more experienced activists I've been working with, for having been a tireless and effective activist, and having brought a new level of public accessibility and accountability to her work as a city councilwoman. Her opponent, Chuck Reed, is a conservative Democrat who has distanced himself from the party and accepted a lot of backing from Business Roundtable types; he has, rather hypocritically, tried to tie Chavez to the corruption scandal around the current mayor, who catered to some business interests by negotiating contracts without properly briefing the council. (Which of the two candidates seems more likely to be in bed with business? The one who's taken less
money from large businesses with a stake in city contracting? Please.)