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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. She is currently on leave.
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Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero � all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Toyota Hearing: Darrell Issa Says the Forbidden Word

By Megan McArdle
Feb 24 2010, 1:19 PM ET Comment

Representative Issa just asked Secretary LaHood whether our ownership stake in GM has caused the NHTSA to ease off on the level of scrutiny the company's cars are subject to.  This seems not particularly plausible--if nothing else, the timeframe's a little short for any serious regulatory capture to have developed.  But if this heralds a Republican strategy to bring up the despised automaker bailout at every opportunity, the hearing seems likely to further degenerate as Democrats start using their time to defend the bailout, rather than, I don't know, investigating the seriousness of the problems with Toyotas.


I can't say I'm particularly impressed with LaHood's performance thus far, which mostly consists of bland generalities about the wonderfulness of safety, and off-topic pleas for the power to regulate local transit systems with the same acumen that brought you . . . well, this hearing.  But to be fair, he's faced with a congress that seems mostly interested in grandstanding, so that turnabout demands that he gets to grandstand too.

The strangest part of this, actually, is the sight of a government employee demanding less funding for his agency.  One of the talking points that the Republicans seem to have settled on is that NHTSA may be understaffed; they are asking him if they can't appropriate more money for engineers and other personnel.  As a loyal member of the Obama administration, LaHood is being forced to argue that he doesn't need any more staff than the 66 new positions requested in the administration's proposed budgets.  Mark your calendars, folks; this may be a first in American history.

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