Warner, Kaufman Propose Regulating High Frequency Trading

After yesterday’s market boomerang — when the Dow Jones Industrial Average cratered nearly 1,000 points before rebounding, all in a matter of minutes and possibly because of a computer trading system error — Sens. Mark Warner (D-Va.) and Ted Kaufman (D-Del.) say that they want an inquiry into high-frequency trading. More…

Forget Emissions, This Is a Fight Over Labor

Well, I guess we saw this coming.

Senate Republicans last night killed efforts to grant Detroit’s automakers a $14 billion lifeline to prevent bankruptcies after compromise negotiations broke down over a provision to cut workers’ wages.

Very generally, Republicans wanted the Big Three’s union workers to cut their salary and More…