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Felix Salmon

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The Debt Limit Is Not Good

Awl pal Felix Salmon talks debt limit: “It’s increasingly looking like the best-case scenario is that America simply loses its triple-A credit rating — something which in and of itself will be pointless, dangerous, unnecessarily expensive and potentially catastrophic. The worst-case scenario, of course, is an outright default.”


Here Is What Needs To Happen For Gay Marriage To Pass

Yesterday’s defeat of a gay marriage bill in the New Jersey Senate is just one more disappointment in a string of bitter losses for those who seek equal justice under the law. Sure, other countries don’t seem to have a problem making…


How things work: Goldman Sachs edition.

Felix Salmon seems uncharitably disposed to Goldman Sachs’ change of season:

I suspect that when it comes to bonus time at Goldman, December 2008 will never matter. The 2008 bonuses will be paid based on the 2008 fiscal year, while the…