Category : Froma Harrop

Let’s set aside the back-and-forth over the recess appointment of Richard Cordray as chief watchdog at the new Consumer Financial Protection Bureau. President Obama named the former Ohio attorney general to lead the agency when the Senate was supposedly out of session, which he’s allowed to do. Republicans refuse to confirm him without changes that [...]

So Mitt Romney “won” Iowa by eight votes, giving him the “Big Mo” (that’s momentum) as he marches forth into the primaries. What happened to Rick Santorum’s surge? Did a Dodge Caravan full of supporters break down on the way to the gymnasium? I mean, world history has pivoted on less. About 123,000 people participated [...]

Rhode Island shouldn’t even be a state. It’s basically a city, Providence, with some suburbs, factory towns, a little countryside and Newport. The smallest state in area (19 Rhode Islands could fit into California’s San Bernardino County), the Ocean State has a population of about 1 million (versus San Bernardino’s 210,000). While many love Little [...]

This was the Year of the Middle Class — as in, its falling incomes, loss of job security and anger. The global economic forces fueling the decline, such as foreign competition and computers, have been well reported. But what about cultural factors? Is the middle class going down partly because it stopped acting middle class? [...]

When the Germans told Gen. Anthony McAuliffe to surrender his forces in Belgium during World War II, the commander of the 101st Airborne Division famously replied, “Nuts!” The German officers didn’t quite get his drift, which was “Go to hell.” Iran has just threatened to block the flow of oil from the Persian Gulf if [...]

The soft economy has left lots of Americans in place, whether they want to be or not. That would include the most mobile group, young people. But to the extent that adults ages 25 to 34 are still moving, their preferred destinations seem to be “cool cities,” according to U.S. Census Bureau figures. What are [...]

To many rational economists, holiday gift-giving is “an orgy of wealth-destruction,” writes Dan Ariely in The Wall Street Journal. A behavioral economist at Duke University, Ariely makes pro-gifting arguments while acknowledging the bah-humbug view, which goes as follows: Givers often spend money on things others don’t necessarily want, and the recipients frequently think the present [...]

Moving at a stately 30 miles an hour, the woman drove her tank-like vehicle right through the stop sign and almost through me as I crossed the street. Like the psychiatrist assigning mental illness at the mere sound of crazy shouting, I didn’t have to look at the motorist. I just knew from her behavior [...]

Princely U.S. government subsidies have made developing wind, solar and other clean energy nearly risk-free to investors — and that’s bad. But the price of this domestically produced power has tumbled, thanks in part to such aid. That helps clean energy compete with the fossil kind, which is definitely good. So this is not quite [...]

One way you can tell that a bank is in trouble is that it suddenly starts buying full-page ads in newspapers across the country that tell us what great shape it’s in and what a fine job it’s doing for our communities. Such a PR push is now being made by Bank of America, which [...]