Cheddar Bob Burress

by matt

“Don’t get it twisted, the gun is on me” – Joe “VP of the Streets” Budden

“But Papa Doc had one!”

(via Andy Sine)
Man, it must be fun to be a headline writer in New York.
***
In other football news: Roll Tide!

American Culture on the Skids

by matt

Worker dies at Long Island Wal-Mart after being trampled in Black Friday stampede – New York Daily News (11/28/08):
A Wal-Mart worker died after being trampled when hundreds of shoppers smashed through the doors of a Long Island store Friday morning, police and witnesses said.
The 34-year-old worker, employed as an overnight stock clerk, tried to hold [...]

The Human Cost Of Republicanomics

by sarabeth

Ironically, just as we approach Thanksgiving, every single day seems to bring another sobering, depressing piece of news about the economic hardship that is hammering millions of Americans.
Yesterday I highlighted Goldman Sachs’ forecast of how many million additional Americans will slide into poverty by the end of 2009. Today, it’s how the [...]

Letting Lehman Fail

by sarabeth

Now that Hank “St. Bernard” Paulson has rescued Citicorp from a fate worse than death, speculation has inevitably revived about how come Lehman Brothers was allowed to fail. A CNNMoney blog points out:
Treasury Secretary Hank Paulson was asked this very question in a Q&A that ran in yesterday’s Wall Street Journal, and he replied, [...]

What’s Trickling Down From Bush

by sarabeth

Goldman Sachs has a sobering forecast of what can be expected to trickle down from Bush’s failed economic mantras (one can hardly dignify them by calling them policies). Those mantras boil down to a thoroughly irresponsible cocktail: cut taxes, increase spending, dismantle regulation and keep ignoring the consequences thereof till it’s far too late. [...]

Inoperative

by matt

Treasury’s Paulson say no plans to further tap TARP funds – Reuters (11/18/08):
The U.S. financial system is stabilizing and the government does not plan to tap the remaining $410 billion of a financial rescue fund unless a further need arises, Treasury Secretary Henry Paulson told the Wall Street Journal in an interview published on Tuesday.
Paulson [...]

Chinese Democracy?

by sarabeth

In China, when the temptations of capitalism lead to possible corruption, the government responds with a justice system that sounds, in the time of Bush, positively American:
Gome Electrical Appliances Holdings Ltd. is making inquiries into allegations against billionaire Chairman Huang Guangyu, China’s second-richest man, after media reports said he has been detained.
[...]
Huang is the richest [...]

Co-sign

by matt

Robert Reich on Citi and GM:
Citigroup was once the biggest U.S. bank. General Motors was once the biggest automaker in the world. Now, both are on the brink. Yet Citigroup is likely to be rescued within days. General Motors may not be rescued at all. Why the difference?
Viewed from Wall Street, Citi is too big [...]

Depends on the Definition of Stabilized, Strongly

by matt

I think the most troubling component to the absolute disaster that is Treasury Secretary Hank Paulson is that the lag between his statements and his being proven spectacularly wrong is accelerating towards zero. This interview is from one week ago:
Robert Siegel (NPR): You said yesterday, overall, we’re in a better position than we were. [...]

Another Legal Slap-in-the-face To Bush’s Pious Pretensions

by sarabeth

Perhaps the best commentary on the human rights record of the Bush administration comes not from the likes of Sean McCormack but from those in the U.S. justice system who are compelled to actually evaluate that record in light of the laws of the land?
A federal judge ruled here for the first time Thursday that [...]