Where did your bailout bucks go?
If one of the problems leading to the financial meltdown was a lack of administrative and legislative oversight, the situation has not improved. Congress needs to take action now before greedy financiers diffuse the trail of bailout bucks. The US Senate and US House must act NOW!
Despite Weekend Talks, World Leaders Fail to Reassure
The world financial meltdown is forcing national leaders to rethink basic assumptions amid a lack of recent historical precedents and in the absence of institutional memory. Despite efforts at international consensus and unity, uncertainty reigns.
Dow Drops Over 500 Points: International Financial Crisis Continues
Dow drops over 500 points; Fed Chief says American economic outlook worsening; credit markets remain frozen; Mass may join Ca in call for fed Rx; NJ Gov to address joint session of legislature on economy; Iceland in frenzy to avoid bankruptcy; Euro states act to guarantee saving deposits; UK's Brown in talks with Bank of England over British bailout; stocks fall in Egypt,Japan,and Saudia Arabia
Monday, October 6, 2008
Global Sell Off Accelerates: Extraordinary Gov't Efforts Won't Quell Fears (2 comments)
****BREAKING NEWS****BREAKING NEWS****BREAKING NEWS****UK FTSE 100 post biggest loss since 1987; Paris CAC 40 sees worst drop since 1988; DJIA down over 750 points; Brazil/Russia/Iceland suspend trading; Fed moves to pump more dollars into money markets; BofA announces plan to restructure Countrywide mortgages; IMF official urges EU leaders to form common, unified front; Stocks in free fall worldwide; Investors/savers anxious
Global Financial Virus Spreading
***BREAKING NEWS***BREAKING NEWS***
Germany moves to guarantee personal bank accounts following Irish lead; EU fails to reach consensus on unified financial remedy; Iceland financial sector freezing; Sarkozy announces small business assistance, nationalization of unfinished housing, and govt-backed home loans; Brown shakes up UK government; Australian PM decries era of "extreme capitalism;" American financial problems persist
A Nation of Third Graders: The Debate Over Sarah Palin (4 comments)
But the bar is so low that there remains little reason to celebrate or cheer Governor Palin's debate date. For the adults in the room, her affectionate, bubbly, and outgoing giggliness, that may appeal to Third Graders, did not help resolve in the adult mind of the voter clarity on policy substance, knowledgeable detail, and leadership qualities.
Bailout Fails to Pass: Global Financial Ills Butterfly
Vote on bailout fails; DJIA plummets 700 points; world financial frenzy; uncertainty reigns; Belgium, Britain, Iceland, Luxembourg, and the Netherlands race to save banks; Asia Pacific markets record heavy losses; investors head to safety;Fannie/Freddie subpoenaed; $700 billion bill tonic, not cure....
Monday, September 29, 2008
JOHN McCAIN IS A LIAR (1 comments)
McCain's shameful lying is a disgrace and belies an erratic, unprincipled, and unstable egoist that would say or do anything to retain power and impose eight more years of failed Republican Party policies on the American people.
US Congress Poised to Pass Paulson Plan as Sugarcoated Poison Runs through Global Markets
Congress set to vote on bipartisan financial stop-gap on Monday; UK's Bradford & Bingley in trouble; Fortis moves to sure up confidence; Hong Kong bond investors protest Lehman's "sugarcoated poison," Ireland/New Zealand fall into recession; Spain housing market feezing up;Citigroup/Wells Fargo bid for Wachovia; Balance of economic power shifting from NYC/London
Friday, September 26, 2008
US FINANCIAL REMEDY STALLED (1 comments)
World Stock Markets react to Washington remedy; WaMu fails...purchased by JP Morgan Chase; McCain won't talk to American public in national debate
Far from providing leadership, McCain's last minute chicken flight is a disservice to Americans who want, and deserve, to know what the two leading presidential candidates think about the foreign policy direction of this country.
Tuesday, September 23, 2008
Pragmatism and Commonsense: Serving the National Interest (2 comments)
As the US Congress moves forward with careful deliberation and due judgement, acting on behalf of the American people and in the public interest, there are some pragmatic, commonsense principles which are reasonable to include in any legislation.
The Paulson Plan (1 comments)
He is the most powerful United States Secretary of the Treasury since Alexander Hamilton. Although no one can be certain of the result, one thing is for sure: Paulson's Plan will forever change the United States of America for better or worse.
Saturday, September 20, 2008
Is Climate of Panic and Fear Appropriate for Passing Legislative Remedy? (2 comments)
What we are witnessing is a changing of the rules of the game, to exonerate the guilty, and punish the aggrieved, ignorant, and vulnerable, through the most massive government intervention, led by a Republican administration, in United States history by either political party.
MORE BIG CORPS ON AUCTION BLOCK;BUSH WON'T ADDRESS ANXIOUS NATION; REPUBLICANS RUNNING AWAY FROM BRAND NAME
***BREAKING NEWS***BREAKING NEWS***BREAKING NEWS***Washington Mutual Looking for Buyer;Wachovia bidding for Morgan Stanley;World Stocks in Free-Fall;US Govt intervention Fails to Reassure Investors;Angry Asian Customers Cashing in AIG Policies;Gold Prices Rise in London;S&P official says gov't bailout of AIG has weakened USA;Bush holed up in White House, won't address Anxious Nation; Republicans Running Away From Their Brand
Monday, September 15, 2008
Some Lessons on the Meltdown (1 comments)
At this writing the DJIA is down over 340 points; the NASDAQ is off by over 59 points, and the S&P is lower by over 43 points.
Is Sarah Palin a Westerner? (3 comments)
The idea of an oppositional dialectic in United States history, not based on class distinctions or sex differences, appealed to American romantic notions of democracy, equality, and freedom.
Sunday, September 14, 2008
REUTERS reporting emergency trading session opened this afternoon at 2PM (7 comments)
****BREAKING NEWS****BREAKING NEWS****
"...the unthinkable is thinkable..."
BBC reports Lehman Holdings Inc to go into bankruptcy; Merrill Lynch sold; AIG to re-structure; Goldman Sachs and Morgan Stanley to report declines in quarterly profits; future of WaMu in doubt; experts fear short trades; global financial leaders set up emergency fund to prevent worldwide collapse; Wall Street said to be "FRANTIC"
Sunday, September 14, 2008
Global Financial System Reacts to Wall Street Meltdown (1 comments)
***BREAKING NEWS***BREAKING NEWS***BREAKING NEWS*** World stocks sink in Monday morning trading; unthinkable is thinkable; Lehmans to enter bankruptcy; Merrill Lynch sold; AIG re-structuring; fate of WaMu uncertain; global financiers set up emergency fund; Fed widens credit window; US to accept additional corporate assets as collateral; experts fear short trades; Wall Street said to be "FRANTIC"
What does McCain-Palin have in common with the average working mom?
Kellyanne Conway, Republican activist and professional pollster, belittled and mocked ordinary working Americans this morning while addressing New Jersey's Republican State Delegation at a breakfast meeting.
Conway said that voters supporting Barack Obama and Joe Biden "who tell pollsters they want change 'order the number three at McDonald's every day'."
Saturday, August 30, 2008
McCain's Choice Shows Lack of Judgment (20 comments)
Palin's selection by presidential candidate John McCain illustrates poor judgment. The vice-president's duties under the United States Constitution are to succeed the president upon incapacity and to preside over the US Senate. Palin is not qualified to be president and is too ideological to preside over the US Senate: the world's greatest deliberative body.
Bush Embarrasses USA before Israeli Knesset (1 comments)
If Bush cared at all about peace, he would have used the platform of a U.S. Presidential Address before the Israeli Knesset as an opportunity to make peace, to call for healing in an embittered land, to foster goodwill among nations deeply divided.
Friday, May 2, 2008
Brooks, Globalization, and Governance
The new economy is no more or less global...than ever. The transition we see in America today is from an industrialized economy to The Information, Knowledge, Technology Economy for which America is ill-prepared.
Thursday, March 20, 2008
In the Public Interest: Accountability, Correction, and Oversight (3 comments)
If the US Federal Reserve Bank can assume what is essentially unknown risk of the kind they have assumed, and whose worth is virtually incalculable, or at least unknown, then they can likewise provide the facility for renegotiating fair mortgage terms to struggling homeowners.
Sunday, December 9, 2007
(Re) Building the Public Square
The operative syllogistic fallacy in Romney's speech, and in most of what we call the "cultural wars," is based on the proposition that modern America is besieged by rampant secularism and if only we returned to the faith of our fathers, that is, restored religion to its rightful place in government, the United States would be both more godly and more moral.
Monday, October 22, 2007
Place Tusculum in Public Trust
I can not think of a more worthy site that commemorates New Jersey's central role in forging the pathway towards independence...than the purchase and preservation of Tusculum.
Wednesday, October 3, 2007
Blackwater, Bush and a State of Denial about the War
We have sadly lost our way...if the face we show to the world is that of private corporations turning a buck (in lieu of our nation's brave soldiers) in a war of our choosing, we stand for nothing. In a war where the president has not once made any meaningful public display of grief, where he has not asked one American to sacrifice, where we have destroyed a nation for hollow rhetoric....then we stand for nothing.
Sunday, September 16, 2007
Stay Tuned...NJ Corruption Probe Extended To Other States
The arrest of eleven public officials and one private citizen with ties to a powerful political racket in Atlantic County extended outside the state to at least two other states, Connecticut and Michigan, and led investigators to a national school board conference in San Francisco.
Sunday, September 9, 2007
What doesn't the NJ Legislature get? (3 comments)
New Jersey Legislature: "In our representative form of government, it is essential that the conduct of public officials and employees shall hold the respect and confidence of the people. Public officials must, therefore, avoid conduct which is in violation of their public trust or which creates a justifiable impression among the public that such trust is being violated."
Friday, September 7, 2007
12 Arrested in wide ranging NJ Corruption probe by FBI (2 comments)
Indeed, the corruption allegedly exhibited by the accused officials is so pedestrian it undermines the moral basis of democracy and public service in the State of New Jersey, and it must end before it bankrupts and ruins the State.
Saturday, September 1, 2007
Craig Resignation Exposes Double-Standards (15 comments)
There is not one reservoir of outrage for one set of offenses, and a second reservoir of outrage for another; they are all equally condemnable, and should result in similar sanctions.
Sunday, August 12, 2007
Banner Poppy Crop in Afghanistan; US Health System is failing; Global Markets
Friday, August 10, 2007
On liquidity.... (2 comments)
President Bush yesterday at a White House press conference cited liquidity in the markets as one cause for concern for volatile world markets. What is liquidity and what does it mean that central banks---i.e. national reserve banks---are infusing markets with more printed money?
Tuesday, August 7, 2007
An Open Letter to Julia Davidow (13 comments)
Principal's decision to ban The Laramie Project is an instance of "...the most blatant, undisguised nature; it is an example of homophobia of the most perverse, obvious kind that it is hard to know how you can possibly justify... " such censorship.