I don’t like to reprint articles in their entirity. What’s the point of a blog if you can’t summarize what someone is saying? But in this case, I didn’t want to cut one single word. Preventing Great Depression II Huffington Post Walter Williams and Bryan D. Jones March 4, 2009 Chicken Little may be right […]
Unemployment was 7.6% in January 2009. The February figures come out tomorrow at 8:30 AM EST. If you measure your self esteem by the Dow Jones Industrial index, look for a depressing day tomorrow [at the end of a depressing week]. As I was looking at the top graph, I recalled how the unemployment skyrocketed […]
Agreement Concerning Accommodation Committee on the Judiciary, US House of Representatives v. Harriet Miers et al. Civil Action No. 08-0409 (JDB) This document describes the terms of an accommodation agreement between the Bush Administration and the House Judiciary Committee to resolve the U.S. Attorneys matter finally. The parties agree in good faith to resolve any […]
There are times when objectivity simply cannot be achieved. I claim absolutely no objectivity here [as evidenced by my "Big Brother" Poster below]. I’m obviously not going to like this editorial as soon as I read the title, but when I see who wrote it, it’s all over. I would be more likely to be […]
Breaking: Turdblossom and Harriet to Testify By emptywheel And, just as importantly, the notion of Absolute Immunity dies a well-deserved death (via email). In an agreement reached today between the former Bush Administration and Congressman John Conyers, Jr. (D-Mich.), Chairman of the House Judiciary Committee, Karl Rove and former White House Counsel Harriet Miers will […]
I don’t know the West Coast and I don’t know much about Michigan except that they used to make cars there, but I sure recognize my part of the world. The "Black Belt" runs from Southern Virginia through North and South Carolina, across lower Gerorgia and Alabama, the up through North Mississippi and West Tennessee […]
Nothing is as approved as mediocrity, the majority has established it and it fixes it fangs on whatever gets beyond it either way. Blaise Pascal … you could say that American bankers, empowered by a quarter-century of deregulatory zeal, led the world in finding sophisticated ways to enrich themselves by hiding risk and fooling investors. […]
And speaking of the need for a global coordinated and coherent plan for the financial crisis… In U.S. Visit, Brown To Urge ‘New Deal’ By Kevin Sullivan Washington Post March 3, 2009 LONDON, March 2 — British Prime Minister Gordon Brown arrives in Washington this week to press a "global new deal" that he hopes […]
In Free-Fall, Stocks Hit Lowest Mark Since ’97 Markets Sink Globally as Government Actions Fail to Reassure Investors By Neil Irwin Washington Post March 3, 2009 The global financial rout worsened yesterday, driving U.S. stocks to their lowest level since 1997 amid deepening questions about whether governments around the world are being forceful enough in […]