The Summers “Aura of Wrongness”

Larry Summers, former Obama economic adviser and a leading candidate for World Bank president, neatly sums up the problem of regulatory capture in Washington, reflecting on his time at the Clinton Treasury: It was the practice of the Treasury to take advice from investment banks on bond market issues from others with a stake in …

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Rush Limbaugh and his advertisers

“The Rush Limbaugh Show” is the most-listened-to talk radio program in the U.S., according to Arbitron, a consumer research company. The show is syndicated by media giant Clear Channel Communications, and most Americans probably live within range of an AM station that airs it for 3 hours each weekday. But it’s hard to accept that …

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