Mayors vs. Bloggers!

The past few years have seen an awful lot of angry citizens taking government into their own hands -- including recalling local officials. Some of this is clear payback by wealthy constituents (the recent Miami mayoral recall), and others are focused on officials who campaigned on one thing and did another. The U.S. Conference of Mayors seems to be blaming bloggers for this recall fever.

Who Cares What the S&P Thinks?

Yesterday's big news was the S&P placing US Treasuries on a "negative watch" -- they did NOT change the bond rating of AAA, but the negative watch launched off a good deal of breathless reporting and some of the usual opportunistic bull from Republicans. Tommywonk provides an explanation of what this means.