Bloomberg reports that the U.K. used anti-terrorism laws to seize Icelandic assets due to the financial meltdown. Now, whether or not the assets should be seized is one argument I won’t have. But, using anti-terrorism laws seems just a bit off the mark. So when we’re told “we’d never use the law that way” as [...]
Archive | October, 2008
Shocked! We Were Shocked!
The New York Times has an article about events, policies and actions leading up to the failure of Fannie Mae. They put the quote that stuck in my craw right up front: “Almost no one expected what was coming. It’s not fair to blame us for not predicting the unthinkable.“— Daniel H. Mudd, former chief [...]
Failure to Lead
One thing became apparent during the debate. No one in the House or Senate is a leader of the country. Nancy Pelosi decided she wanted to be a party leader at the last minute and decided to embarrass the republicans in a speech. Rather than rising above the rhetoric the republican’s feelings were hurt and [...]
Why Newspapers Are Vanishing
My local paper is part of a the Tribune chain that has recently made massive cutbacks in their newsrooms. Reports are they cut 57 jobs at the paper. And they wonder why readership is down? Why would I want a local paper? Local news or a local slant on news seems like an obvious answer. [...]
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