Endgame

If I must play a part in this mess there are things that I have to know:

— Equity analysts have overestimated S&P; 500 earnings with remarkable consistency.

— Political risks are hard for markets to grapple with.

— Opinion fact: “Perhaps surprisingly, opinions about the terms ‘socialism’ and ‘capitalism’ are not correlated with each other.”

— Peter Beinart talks about his recent piece.

— Nobody seems to have noticed, but the Obama administration is revolutionizing federal drug policy.

— NextBus DC accuracy is slipping.

In honor of regulatory discretion, The Future of the Left’s “I Am Civil Service”.