Steve Ellis

What we found, looking at the data, people who were writing the bills, those on the appropriation committees, were by far the winners in getting the most money back for their districts, whereas rank-and-file members get very little.

Earmarks are not some sort of magic pixie dust that makes legisla... by Steve Ellis

Earmarks are not some sort of magic pixie dust that makes legislation go.

This is a yield-hungry environment and EM does stack up as an ass... by Steve Ellis

This is a yield-hungry environment and EM does stack up as an asset class that does offer yield.

With yields at these levels I don't see huge problems in refinancing ... default rates are likely to remain low.

We've had times before when we thought it was a good time to go into emerging local currency, we thought there were green shoots but they were false dawns, you need to see the growth backdrop improving, that will give you the green light.

Some of these are relics, and basically Congress doesn't even think about it, they just extend them all the time. These are the true survivors of the Washington policy establishment. These are the cockroaches of Washington policy.

When you just call it tax extenders, instead of more corporate welfare, you're actually aiding and abetting Washington's addiction to providing for pet projects and pet spending.