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Articles Posted by oblomov

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  • Spike Lee’s Racism Isn’t Cute: ‘M—–f—– Hipster’ Is the New ‘Honkey'

    03/01/2014 3:05:35 AM PST · by oblomov · 35 replies
    Time Magazine ^ | 26 Feb 2014 | John McWhorter
    It’s interesting that the director of the richest oeuvre of black films in the history of the medium doesn’t understand what the Civil Rights revolution was for. In his expletive-laced comments about the gentrification of Fort Greene during an interview at the Pratt Institute, Spike Lee seemed to think that what we Overcame for was to be grouchy bigots. Basically, black people are getting paid more money than they’ve ever seen in their lives for their houses, and a once sketchy neighborhood is now quiet and pleasant. And this is a bad thing… why? Lee seems to think it’s somehow...
  • Watch out Eurocrats, here come the Pirates!

    01/04/2014 12:45:59 PM PST · by oblomov · 10 replies
    The Spectator ^ | 4 January 2014 | Daniel Hannan
    I once shared a car to the airport with a French MEP, a member of the Front National (FN). He spoke that very correct French which, across the Channel, serves in place of accent as a social signifier. He casually mentioned that the Holocaust couldn’t have happened, at least not on the scale claimed: the volume of the ovens, he creepily explained, was insufficient. The European Parliament has always had its fair share of extremists, eccentrics and outright, drooling loons. With the FN then polling at 6 per cent, there seemed no need to treat any of its MEPs seriously,...
  • Trailer Park Living Invades New York

    12/16/2013 5:24:55 AM PST · by oblomov · 38 replies
    NY Post ^ | 15 Dec 2013 | Gary Buiso
    There goes the neighborhood! Motor homes have invaded the Upper West Side, sparking fear in the hearts of residents worried their well-heeled haven could fast be transformed into a low-rent campsite. “Why is this ugly piece of junk here?” demanded area activist Gretchen Berger, referring to the rusted RV that has been stationed at Riverside Drive and 74th Street. “It just sort of creeps me out that somebody is living in a parking space, and this may give rise to other people thinking that it’s a cheap way to live on the Upper West Side, where the rents are high....
  • Obamacare Pushing Puerto Rico Further Into Social Welfare State, Doctors Warn

    12/14/2013 11:08:00 AM PST · by oblomov · 25 replies
    Fox News LAtino ^ | 13 Dec 2013 | Bryan Llenas
    People in the U.S. territory of Puerto Rico may not be grappling with the botched Obamacare website rollout, but the program could spell disaster for the island, which is facing a financial crisis and where half the population already is dependent on free health insurance, members of the island's medical community warned. Puerto Ricans, who are born U.S. citizens, do not enroll on the healthcare.gov because their government decided not to offer health-insurance exchanges, which offers private plans. Instead, the Affordable Care Act, commonly dubbed Obamacare, has mostly arrived on the island in the form of a $6.3 billion social...
  • Regulators Vote to Back Volcker Rule

    12/10/2013 11:18:58 AM PST · by oblomov · 58 replies
    WSJ ^ | 10 Dec 2013 | Scott Patterson, Shayndi Raice, Katy Burne
    <p>WASHINGTON—All five regulatory agencies put to a vote and approved the Volcker rule on Tuesday, ushering in a new era of tough oversight that drills to the core of Wall Street's profitable markets and trading businesses.</p> <p>The rule will put in place new hurdles for banks that buy and sell securities on behalf of clients, known as market making, and will restrict compensation arrangements that encourage risky trading. The Fed also approved an extension to give banks until July 2015 to comply with the rule, though firms will be expected to make "good faith" efforts to get into compliance earlier.</p>
  • A Response to Glenn Greenwald [leftist apologia for Panopticon state barf alert]

    06/16/2013 11:22:07 AM PDT · by oblomov · 10 replies
    The Nation ^ | 14 June 2013 | Rick Perlstein
    The NSA slide that tech experts say Glenn Greenwald misinterpreted. (The Guardian/NSA, US Federal Government.) Glenn Greenwald has posted a response to his critics today, including myself, titled “;On PRISM, Partisanship, and Propaganda”: “In a Nation post yesterday,” he writes, “Rick Perlstein falsely accuses me of not having addressed the questions about the PRISM story.” Actually I didn’t accuse him of not having addressed “the questions,” but instead a single question, which he still does not address: whether, in his claim that corporations have allowed the National Security Agency direct access to their servers, he misunderstands the meaning of...
  • The Demonization Machine Cranks Up Against Edward Snowden

    06/11/2013 10:56:13 AM PDT · by oblomov · 89 replies
    Reason ^ | 11 Jun 2013 | Matt Welch
    It's always instructive to see who quickly takes the government's side in a dispute with a whistleblower, and what kind of argumentation they deploy. David Brooks was certainly a predictable candidate. Here's a sampling of a few others: Roger Simon, chief political columnist for Politico, former White House correspondent for the Chicago Tribune, former political editor of U.S. News & World Report: Think you're a loser just because you dropped out of high school and never finished Think you're a dud just because you work as a security guard even though you dreamed of becoming a global savior?the military training...
  • Take the A Train to Little Guyana

    06/09/2013 5:20:57 PM PDT · by oblomov · 12 replies
    NYT ^ | 9 Jun 2013 | Kirk Semple
    On an old building at 12 St. Marks Place, hovering above the sushi counters and tattoo parlors, is an inscription chiseled in the stone facade: Deutsch-Amerikanische Schützen Gesellschaft. It marks the location of the German-American Shooting Society clubhouse, long defunct, and is a rare vestige of the German immigrant community that dominated the East Village and the Lower East Side for much of the 19th century. Known as Kleindeutschland, or Little Germany, the community had German saloons and social clubs, German theaters and churches, German stores and workshops, and, of course, tens of thousands of German residents. Little Germany is...
  • A Manifesto for Disorder: Nassim Nicholas Taleb’s ‘Antifragile’ Reviewed

    11/26/2012 5:45:38 PM PST · by oblomov · 5 replies
    Daily Beast ^ | 26 Nov 2012 | Robert Herritt
    Nassim Nicholas Taleb has little tolerance for, well, a lot of things. But, as his latest book demonstrates, he holds a particular grievance against the mediocre, the safe middle ground, and most forms of moderation. True to form, Antifragile: Things that Gain From Disorder, is a work of non-fiction that trades in extremes—a book that, in complete earnestness, offers thoughts on everything from the philosophy of Seneca and the structure of the Swiss government to the value of procrastination and the limits of academic research. He is just as likely to bring in Ben Bernanke and Ralph Nader as Hammurabi...
  • Obama Plans To Declare Victory Early, In Order to Demoralize Romney Voters

    11/06/2012 3:52:58 AM PST · by oblomov · 69 replies
    Ace of Spades ^ | 6 Nov 2012 | Brad Thor
    As Romney says: Forewarned. What a dick move. It's such a dick move that a half hour ago, before I read this report, I was just thinking Romney should do it himself. Thor explains that Obama will trust in the media to carry his message of Complete and Total Domination In the Vote in order to keep conservatives, Tea Partiers, and America-loving libertarians home. Forewarned.
  • Sheldon G. Adelson: I Didn't Leave the Democrats. They Left Me

    11/05/2012 5:40:30 PM PST · by oblomov · 3 replies
    WSJ ^ | 4 Nov 2012 | Sheldon Adelson
    When members of the Democratic Party booed the inclusion of God and Jerusalem in their party platform this year, I thought of my parents. They would have been astounded. The immigrant family in which I grew up was, in the matter of politics, typical of the Jews of Boston in the 1930s and '40s. Of the two major parties, the Democrats were in those days the more supportive of Jewish causes. Indeed, only liberal politicians campaigned in our underprivileged neighborhood. Boston's Republicans, insofar as we knew them, were remote, wealthy elites ("Boston Brahmins"), some of whose fancy country clubs didn't...
  • Now It’s Obama’s Turn to Win the Debate at Hofstra University [unintentional humor alert]

    10/13/2012 8:02:47 PM PDT · by oblomov · 33 replies
    Daily Beast ^ | 14 Oct 2012 | Michael Tomasky
    Okay, Joe Biden did his part. Now, or soon, it’s Barack Obama’s turn again. If he flubs this like last time, this race is probably over. If he manages a draw, he’ll stay what he is now, the narrow favorite whose rickety lead is based chiefly on an edge in Ohio that doesn’t feel all that solid, and both sides will be sweating bullets right through election night. He has to win. And frankly, there’s reason to wonder whether he can. He’ll need to be on his toes on taxes and Medicare and health care, sure. But before all that,...
  • If Romney Wins, Here's Who He'll Have to Thank

    10/13/2012 2:51:31 PM PDT · by oblomov · 20 replies
    Barrons ^ | Jim McTague
    An analysis by a savvy demographer points to the states Romney is likely to take—and why he's on the path to victory. Sizing up population growth in key GOP states. The presidential race has grown closer since Mitt Romney and Barack Obama squared off in the first of three debates, with the Republican challenger edging ahead in the polls in several key states. But Romney never was the underdog depicted by the mainstream press, and Obama's path to victory is much steeper than his campaign team appreciates; they've long felt they have it in the bag. Former GOP demographer John...
  • Ryan Stuns Biden on Foreign Policy in Big Surprise of Vice Presidential Debate

    10/13/2012 2:16:45 PM PDT · by oblomov · 17 replies
    New York Sun ^ | 12 Oct 2012 | Larry Kudlow
    The irony of ironies: The Biden-Ryan debate was more about foreign policy than the economy and jobs. Yet another irony: Paul Ryan, an expert on all things fiscal, disclosed a much better knowledge base of foreign policy than anyone thought existed. Shows how smart and well-rounded he really is. Mr. Ryan’s Benghazi slam, right out of the chute, won him the debate. This terrorist attack is going to be a huge presidential-race issue. Americans are furious at the Obama-Biden-Clinton stupidity and mismanagement surrounding the tragic Benghazi deaths. They are enraged at the Benghazi cover-up. Mr. Ryan accused Mr. Biden of...
  • Re-Elect the President [Nation Barf Alert]

    10/06/2012 10:20:44 AM PDT · by oblomov · 12 replies
    The NAtion ^ | 22 Oct 2012 | Nation Editors
    Progressive opinions on Barack Obama’s first term are as conflicted as his record. These differences are a sign of a diverse and spirited left, and we welcome continued debate in our pages about the president’s record and policies. But that discussion should not obscure what is at stake in this election. A victory for Mitt Romney and Paul Ryan in November would validate the reactionary extremists who have captured the Republican Party. It would represent the triumph of social Darwinism, the religious right, corporate power and the big money donors who thrive in a new Gilded Age of inequality. It...
  • The One Percent War

    01/29/2012 3:25:29 PM PST · by oblomov · 6 replies
    Reuters Magazine ^ | 27 Jan 2012 | Chrystia Freeland
    When Anders Aslund, a Swedish economist who has studied and advised most of the leaders in the former Soviet Union, visited Kiev in late 2004, at the height of the Orange Revolution, he returned to his office in Washington, D.C., with a surprising observation. Most reports depicted the Orange Revolutionaries, with their determined, subzero encampment of the capital city's central square, either as western Ukrainians rebelling against the government's pro-Russian stance, or as idealistic students who were unwilling to stomach political repression. Both characterizations were true, but Aslund saw a third dynamic at play. The Orange Revolution, he told me,...
  • Bain or Blessing?

    01/29/2012 3:18:05 PM PST · by oblomov · 1 replies
    The Economist ^ | 28 Jan 2012 | unsigned
    The buy-out industry is under attack for destroying jobs. Its returns to investors are the real problem IF STEVE SCHWARZMAN thought it was valid in 2010 to compare Barack Obama’s “war” against business to Hitler’s invasion of Poland, what can he be thinking now? Private-equity executives must be hoping the boss of Blackstone will keep his opinions to himself. More bad publicity is the last thing the industry needs. Other Republican presidential candidates are competing to see who can say the most damning thing about Mitt Romney’s career at Bain Capital. Newt Gingrich’s supporters have even made a sort of...
  • Cloudy With a Chance of Weapons and Gold

    01/28/2012 7:54:33 AM PST · by oblomov · 13 replies
    American Spectator ^ | Dan Peterson
    The machine guns roared, pouring tens of thousands of bullets into the night's blackness. Suddenly: Ka-WHOOOMP! WAAHHHMP! WHA-OOOOMP!! Enormous fireballs flashed into yellow-white existence, mutating into billows of orange flame 100 feet high. The pulse of shock and heat hit my skin. As the explosions faded, the night air was lit by an endless fusillade of red and green tracer rounds, the incandescent muzzle blast of automatic weapons, and flames from burning vehicles… Just a typical evening in the green autumn hills of north-central Kentucky. Typical twice a year, I should say. Every April and October, the Knob Creek Gun...
  • Obama Offends the Catholic Left

    01/25/2012 8:21:39 AM PST · by oblomov · 14 replies
    When Barack Obama secured his party's nomination for president in 2008, one group of Democrats had special reason to cheer. These were Democrats who were reliably liberal on policy but horrified by the party's sometimes knee-jerk animosity to faith. The low point may have been the 1992 Democratic convention. There the liberal but pro-life governor of Pennsylvania, Bob Casey Sr., was humiliated when he was denied a speaking slot while a pro-choice Republican activist from his home state was allowed. With Mr. Obama, all this looked to be in the past. In 2006, the Illinois senator delivered a speech declaring...
  • Is our neighbor to the north becoming a jingoistic petro-state? [lib finger-wagging]

    01/23/2012 8:08:35 AM PST · by oblomov · 29 replies · 1+ views
    Slate ^ | 20 Jan 2012 | Will Oremus
    It’s well known that America’s dependence on foreign oil forces us to partner with some pretty unsavory regimes. Take, for instance, the country that provides by far the largest share of our petroleum imports. Its regime, in thrall to big oil interests, has grown increasingly bellicose, labeling environmental activists “radicals” and “terrorists” and is considering a crackdown on nonprofits that oppose its policies. It blames political dissent on the influence of “foreigners,” while steamrolling domestic opposition to oil projects bankrolled entirely by overseas investors. Meanwhile, its skyrocketing oil exports have sent the value of its currency soaring, enriching energy industry...
  • Showtime at the Apollo [MoDo critiques the Obama hauteur]

    01/22/2012 5:33:54 PM PST · by oblomov · 24 replies
    NYT ^ | 21 Jan 2012 | Maureen Dowd
    FOR eight seconds, we saw the president we had craved for three years: cool, joyous, funny, connected. “I, I’m so in love with you,” Barack Obama crooned to a thrilled crowd at a fund-raiser at the Apollo in Harlem on Thursday night, doing a seductive imitation as Al Green himself looked on. The song would make a good campaign anthem: “Let’s stay together, lovin’ you whether, whether times are good or bad, happy or sad.” Don’t break up, turn around and make up. Times have been bad and sad, and The One did not turn out to be a messiah,...
  • An Interracial Fix for Black Marriage

    08/06/2011 12:05:55 AM PDT · by oblomov · 82 replies
    WSJ ^ | 6 August 2011 | RALPH RICHARD BANKS
    "At this point in my life," says Audrey, age 39, "I thought I'd be married with children." A native of southeast Washington, D.C., and the child of parents who are approaching their 50th wedding anniversary, Audrey seems like the proverbial "good catch"—smart, funny, well-educated, attractive. Audrey earns a good living, too, with an income from management consulting that far surpasses what her parents ever made. Her social life is busy as well, filled with family, friends and church. Only about one in 20 black women is interracially married; they are much less likely than black men to cross the race...
  • Squalid Abortion Clinic Escaped State Oversight

    01/23/2011 6:43:39 PM PST · by oblomov · 15 replies
    NYT ^ | 22 Jan 2011 | SABRINA TAVERNISE
    PHILADELPHIA — For years, state health officials missed some unsettling patterns at the three-story brick abortion clinic on Lancaster Avenue. It was always open late, way past the time the pizza place next door closed at midnight. The women who emerged from it — often poor blacks and Hispanics — appeared dazed and in pain, and sometimes left in ambulances. The doctor who ran the clinic, Kermit Gosnell, had been sued at least 15 times for malpractice. Two women died while under his care. But the dangerous practices went unnoticed, except by the women who experienced them. They were discovered...
  • Armenian police target teenage rock cult

    12/26/2010 11:05:36 PM PST · by oblomov · 35 replies · 10+ views
    France24 ^ | 26 Dec 2010 | AFP
    AFP - When police officers arrived at 13-year-old Masha's home, searched her room and inspected her computer, it was not because they suspected her of any crime. Her offence was simply to be a devoted follower of the angst-ridden punk-rock subculture known as 'emo', in an ex-Soviet state where pressures to conform remain strong. "It was offensive and frightening at the same time," said Masha, a schoolgirl in the Armenian capital, clearly upset by the experience. Police in Yerevan have been conducting a campaign against the capital's small but controversial emo community since the recent suicides of two teenagers who...
  • The Moocher Index

    06/16/2010 1:18:36 PM PDT · by oblomov · 20 replies · 845+ views
    Cato @ Liberty ^ | 16 June 2010 | Daniel J. Mitchell
    Posted by Daniel J. Mitchell The Center for Immigration Studies recently put out a study arguing that immigration has had negative effects on California. One of their measures was a comparison of how many people in the state were receiving some form of welfare compared to other states. I found that data (see Table 3 of the report) very interesting, but not because of the immigration debate (I’ll leave others to debate that topic). Instead, I wanted to get a better understanding of the variations in government dependency. Is there a greater willingness to sign up for income redistribution programs,...
  • Designer Has Fan at Top, but Too Few at the Stores

    05/01/2010 2:02:39 PM PDT · by oblomov · 22 replies · 913+ views
    NYT ^ | 01 May 2010 | Susan Saulny
    CHICAGO — Fashion and politics are seasonal and unpredictable, yet the two came together quite well here for the hometown designer Maria Pinto and Michelle Obama, whose first memorable bursts onto the national scene were often in Pinto creations. Remember the purple sheath Mrs. Obama wore the night of the fist bump heard round the world? The teal number at the Democratic National Convention? Or the red dress she wore to meet the Bushes on their way out of the White House? Maria Pinto all, designed right here where both women were born and raised and, over the course of...
  • Origins of an American Kleptocracy

    01/02/2010 7:57:37 AM PST · by oblomov · 11 replies · 568+ views
    Zero Hedge ^ | 2 Jan 2010 | "Marla Singer"
    Some days ago we wondered aloud at the blank check extended to Fannie and Freddie along with the suspiciously convenient timing of those announcements on Christmas Day. Back then we wondered if we had been told the entire story. To wit: So. Let us summarize: We do not expect the GSEs to grow their portfolios at all, so we are fixing the bloated portfolio problem by easing the portfolio caps to permit a quarter trillion dollar expansion thereof. We do not expect either of the GSEs to need more help from the Treasury, so we are responding to the underutilized...
  • 44 Percent Would Rather Have Bush In Office?

    12/09/2009 5:18:31 PM PST · by oblomov · 34 replies · 1,137+ views
    Atlantic ^ | 9 Dec 2009 | Marc Ambinder
    It's a bit hard to believe, but that's what a Public Policy Polling survey suggests: that only half of Americans would rather have President Obama in the White House than his predecessor, while 44 percent would prefer George W. Bush to still be president. Here's PPP's Tom Jensen: "Perhaps the greatest measure of Obama's declining support is that just 50% of voters now say they prefer having him as President to George W. Bush, with 44% saying they'd rather have his predecessor. Given the horrendous approval ratings Bush showed during his final term that's somewhat of a surprise and an...
  • The Truth About Pearl Harbor: A Debate [Did FDR know about Japan's plans in advance?]

    12/07/2009 7:25:33 AM PST · by oblomov · 270 replies · 5,342+ views
    The Independent Institute ^ | 30 January 2003 | Robert B. Stinnett, Stephen Budiansky
    Introductory Remarks: On December 7, 1941, U.S. military installations at Pearl Harbor in Hawaii were attacked by the Imperial Japanese Navy. Could this tragic event that resulted in over 3,000 Americans killed and injured in a single two-hour attack have been averted? After 16 years of uncovering documents through the Freedom of Information Act, journalist and historian Robert Stinnett charges in his book, Day of Deceit, that U.S. government leaders at the highest level not only knew that a Japanese attack was imminent, but that they had deliberately engaged in policies intended to provoke the attack, in order to draw...
  • IN Sen: Hostettler to Challenge Bayh

    12/03/2009 12:44:53 PM PST · by oblomov · 27 replies · 1,030+ views
    Real Clear Politics/Time ^ | 3 December 2010 | Tom Bevan
    Former Republican Congresssman John Hostettler announced today he's launching a bid to challenge Indiana Senator Evan Bayh next year. Hostettler represented Indiana's 8th Congressional district for six terms from 1994 to 2006, eventually losing in a landslide to Democrat Brad Ellsworth.
  • In One Room, Many Advantages

    06/29/2009 7:52:37 PM PDT · by oblomov · 12 replies · 389+ views
    WSJ ^ | 30 June 2009 | Bill Kauffman
    Tacked to my wall is a lithograph of the famous Gilbert Stuart portrait of George Washington. For many years, it graced my mother's one-room schoolhouse in Lime Rock, N.Y. Antiquarian relic or enduringly relevant image? The same question may be asked of the "little red schoolhouse" itself, whose reality and legend are the subject of "Small Wonder." Jonathan Zimmerman, a professor at New York University, sets out to tell "how -- and why -- the little red schoolhouse became an American icon." Mr. Zimmerman proves a thoughtful and entertaining teacher. First, the chromatic debunking: One-room schools were often white and...
  • Liberaltarians?

    06/01/2009 4:42:23 PM PDT · by oblomov · 106 replies · 2,398+ views
    Forbes ^ | 29 May 2009 | Bruce Bartlett
    I recently attended a dinner with a group of prominent liberal and libertarian bloggers to see if there is a community of interest that might lead to closer cooperation on some issues. On the surface, there would appear to be potential for an alliance. Libertarians tend to be liberal on social issues, favoring such things as gay marriage and drug legalization; and also liberal on defense and foreign policy, opposing the wars in Iraq and Afghanistan, and opposing torture and restrictions on civil liberties in the name of national security. But libertarians are conservative on economic policy--favoring a free market...
  • Obama's first gaffe: New president's counting skills need work

    01/20/2009 11:23:03 AM PST · by oblomov · 63 replies · 3,510+ views
    Marketwatch ^ | 20 Jan 2009 | Tom Bemis
    LONDON (MarketWatch) -- Less than a minute into his presidency, Barack Obama committed his first gaffe. The new president of the United States said in his inaugural address that "Forty-four Americans have now taken the presidential oath." That's wrong. Forty-three Americans, including Obama, have taken the oath of office. One president, Grover Cleveland, served two terms, separated by Benjamin Harrison's. Cleveland is counted as both the 22nd and the 24th president. (To be fair, Cleveland was probably big enough to count as two separate people, judging by the paintings.) It was a small mistake, and one a swooning press will...
  • Hail to the Copywriter in Chief: Call Me a Groupie; I Don't Care ["Creative Class" Barf Alert]

    01/20/2009 6:26:53 AM PST · by oblomov · 34 replies · 2,202+ views
    Advertising Age ^ | 19 Jan 2009 | Millie Olson
    I'm thrilled by the election of Barack Obama, and I don't want to miss a word he says. In fact, all the days since Nov. 4 have seemed a bit like Christmas morning, waking to his mellifluous voice that reveals yet another distinguished individual picked to head an operation that he or she is supremely qualified to lead and is not intent on undermining. "You're acting like a groupie," says my husband. But for an ad person and former copywriter, it is especially thrilling to go from a guy who wielded the English language like a hacksaw to a real...
  • Inflation Deflation Switch Turns Entire Investment World Upside Down for 2009

    01/02/2009 10:41:42 PM PST · by oblomov · 19 replies · 1,873+ views
    Market Oracle ^ | 23 Dec 2008 | Martin Weiss
    Martin Weiss writes: The Fed, the Treasury and all major governments on the planet are throwing the kitchen sink at this debt crisis. But their efforts are being overwhelmed by a monumental sea change — the shift from rising prices to falling prices, from booming asset values to crashing asset values, from wealth creation to wealth destruction , from inflation to deflation. For my entire lifetime, and probably yours as well, we have been living with inflation — sometimes tame, sometimes rampant — but consistently eroding the purchasing power of our dollar. Inflation pervaded every money decision we made or...
  • UK Unveils Partial Nationalization of Banks

    10/08/2008 5:17:35 AM PDT · by oblomov · 6 replies · 754+ views
    CNBC/Reuters ^ | 8 Oct 2008 | Reuters
    Now this might seem churlish when the UK bank bailout scheme is being hailed as a bold attempt to backstop the UK financial system, but let's spend a moment thinking about the bigger consequences. Unlike the US TARP which will relieve the banks of toxic assets on their balance sheets, this UK plan will put the government in the boardroom of every participating bank (figuratively if not literally). Can anyone tell me now what really separates the banks from the government? Our liberal, equity-owning democracy has taken a major blow. With this precedent what incentive is there now for me...
  • The Coming Conservative Crack-up [warning: leftist commentary]

    10/01/2008 5:24:44 AM PDT · by oblomov · 14 replies · 587+ views
    American Prospect ^ | 30 Sep 2008 | Paul Waldman
    In Washington over the last week, there were lots of ideas about what a bailout of Wall Street ought to look like. But none had less chance of becoming law than the plan put out by the core of the House GOP caucus, the conservatives known as the Republican Study Committee. The members of this group (which has more than its share of extremists and buffoons) offered as the cure to our current woes the removal of regulations on businesses and a suspension of the capital-gains tax, as though they were the congressional equivalent of those Japanese soldiers hunkered down...
  • US Congress passes 25 bln loan guarantees to automakers

    09/28/2008 4:07:30 PM PDT · by oblomov · 71 replies · 1,732+ views
    Reuters ^ | 28 Sep 2008 | Reuters
    The US Senate Saturday approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of automotive innovation. The loan guarantees were included in a continuing resolution that included funding for the US government and the wars in Iraq and Afghanistan. President George W. Bush has indicated that he intends to sign the bill. "We're very pleased Congress has chosen to act at this critical time," said Greg Martin, director of communications for General Motors Corp's Washington office. GM had been subject of much speculation that it could be forced into bankruptcy....
  • Reserve Primary Fund drops below $1 a share amid Lehman fall

    09/17/2008 4:17:31 AM PDT · by oblomov · 12 replies · 274+ views
    Reuters ^ | 16 Sep 2008 | Jennifer Ablan
    NEW YORK (Reuters) - Reserve Primary Fund, a money-market mutual fund whose assets have tumbled 65 percent in recent weeks, fell below $1 a share in net asset value, because of its losses on debt issued by Lehman Brothers Holdings Inc. (LEH.N: Quote, Profile, Research, Stock Buzz). In the industry, money funds whose net assets drop below $1 a share are said to have "broken the buck". The Reserve Primary Fund had about $23 billion in assets on Tuesday, down from about $65 billion in assets as of August 31, said fund spokesman Ming Lee Hatch. Investor redemptions will be...
  • Ticking Time Bomb Explodes, Public Is Shocked

    09/16/2008 3:19:38 AM PDT · by oblomov · 27 replies · 496+ views
    The Independent Institute ^ | 10 Sep 2008 | Robert Higgs
    The failure of Fannie Mae and Freddie Mac, setting in motion the biggest government bailout/takeover in U.S. history, brings a grim sense of fulfillment to competent economists. After all, what did people expect, that water would flow uphill forever? This financial mega-mess is the same sort of event as the collapse of the USSR’s centrally planned economy, another economically unworkable Rube Goldberg apparatus that was kept going, more or less badly, for decades before it fell apart completely. Along the way, of course, famous (yet actually unsound) economists assured the world that everything was working out splendidly. As late as...
  • Pencils and Politics

    09/14/2008 9:53:24 AM PDT · by oblomov · 4 replies · 175+ views
    Newsweak ^ | 14 Sep 2008 | George Will
    Improbable as it might seem, perhaps the most important fact for a voter or politician to know is: No one can make a pencil. That truth is the essence of a novella that is, remarkably, both didactic and romantic. Even more remarkable, its author is an economist. If you read Russell Roberts's "The Price of Everything: A Parable of Possibility and Prosperity" you will see the world afresh—unless you already understand Friedrich Hayek's idea of spontaneous order. Roberts, an economist at George Mason University and Stanford's Hoover Institution, sets his story in the Bay Area, where some Stanford students are...
  • From Bloomingdale's to Bloomington

    09/09/2008 7:17:08 PM PDT · by oblomov · 15 replies · 421+ views
    WSJ ^ | September 5, 2008 | HANNAH KARP
    The nation's largest freshman class in history is moving into college dorms, hanging posters, meeting roommates and learning fight songs. In Indiana University's Assembly Hall last Friday, a remarkably large chorus hailing from private high schools in the Northeast was singing the school's ode to the "Cream and Crimson" in a pronounced New York accent. Freshman Jess Berne, from New York's Westchester County, crosses the Indiana University campus. It's a striking byproduct of one of the most competitive college admissions sessions ever -- an influx of East Coast prep-school students in Indiana. Indiana University welcomed about 260 students from the...
  • McCain’s ‘Hail Sarah’ Pass [Alter channels the ghost of Pauline Kael]

    08/30/2008 8:36:57 AM PDT · by oblomov · 56 replies · 172+ views
    Newsweek ^ | 29 August 2008 | Johnathan Alter
    Happy birthday, Johnny Mac! You're 72 now, a cancer survivor, and a presidential candidate who has said on many occasions that the most important criteria for picking a vice president is whether he or she could immediately step in if something happened to the president. Your campaign against Barack Obama is based on the simple idea that he is unready to be president. So you've picked a running mate who a year and a half ago was the mayor of Wasilla, Alaska, a town of 8,500 people. You've selected a potential leader of the free world who knows little or...
  • Rockbama Does Invesco

    08/30/2008 6:41:35 AM PDT · by oblomov · 14 replies · 179+ views
    Human Events ^ | 29 August 2008 | Ted Nugent
    UPDATED): While Senator Obama was giving his acceptance speech at Invesco Field in Denver to tens of thousands of Fedzilla supporting numbskulls, I was busy pummeling musical fun gluttons at the New York State Fair with my R&B spirit-infested guitar as I’ve done over 6,000 times so far in my gravity-defying career. My ace crew taped Senator Obama’s speech so that I could watch it after I got off stage and now I’m slamming this out on my laptop. I won’t go away. Write that down. Again. Before I slice and dice the Obaminator’s speech, let’s get one thing clear....
  • Let Palin Be Palin

    08/30/2008 6:26:21 AM PDT · by oblomov · 66 replies · 379+ views
    Weekly Standard ^ | 8 September 2008 | Bill Kristol
    A spectre is haunting the liberal elites of New York and Washington--the spectre of a young, attractive, unapologetic conservatism, rising out of the American countryside, free of the taint (fair or unfair) of the Bush administration and the recent Republican Congress, able to invigorate a McCain administration and to govern beyond it. That spectre has a name--Sarah Palin, the 44-year-old governor of Alaska chosen by John McCain on Friday to be his running mate. There she is: a working woman who's a proud wife and mother; a traditionalist in important matters who's broken through all kinds of barriers; a reformer...
  • US Ponders: How Deep Is Economic Abyss?

    03/23/2008 7:09:53 PM PDT · by oblomov · 37 replies · 1,164+ views
    AP ^ | 23 March 2008 | Rachel Beck and Erin Mcclam
    NEW YORK (AP) -- For months, Americans have been subjected to a sort of economic water torture -- a maddening drip of bad news about jobs, gas prices, sagging home values, creeping inflation, the slouching dollar and a stock market in bumpy descent. Then came Bear Stearns. One of the five largest U.S. investment banks nearly collapsed in a single day before the government propped it up by backing emergency loans and a rival stepped in to buy it for a paltry $2 per share. To the drumbeat of signs that seemed to foretell a traditional recession, this added a...
  • Welcome to Cleveland, the sub-prime capital of America

    03/22/2008 12:18:52 PM PDT · by oblomov · 47 replies · 1,588+ views
    Daily Mail (UK) ^ | 21 MArch 2008 | David Jones
    Driving into Slavic Village this week was a surreal experience. The clock appeared to have turned back to the years when this clapboard-built suburb of Cleveland, Ohio, was the proud preserve of migrant Polish and Czech steel-mill workers, and epitomised apple-pie American charm. Through the haze of a winter blizzard, one could make out what appeared to be the brightly embroidered curtains and flowers on the windowsills. And from their porches, many of the home-owners seemed to be waving a neighbourly greeting at our passing car. Pulling up at the kerbside, however, the reality came grimly into focus. Behind the...
  • Golfer Faces Charges in Hawk Killing

    03/06/2008 2:38:01 PM PST · by oblomov · 130 replies · 923+ views
    Breitbart ^ | 6 march 2008 | TRAVIS REED
    ORLANDO, Fla. (AP) - PGA Tour golfer Tripp Isenhour was charged with killing a hawk on purpose with a golf shot because it was making noise as he videotaped a TV show Isenhour was with a film crew for "Shoot Like A Pro" on Dec. 12 at the Grand Cypress Golf course. The 39-year-old golfer, whose real name is John Henry Isenhour III, was charged Monday with cruelty to animals and killing a migratory bird. According to court documents, Isenhour got upset when a red-shouldered hawk began making noise, forcing another take. He began hitting balls at the bird, then...
  • Paul and Kucinich Triumph, Clinton Endures, Mike Huckabee Splatters Against the Wall

    03/04/2008 6:07:38 PM PST · by oblomov · 53 replies · 575+ views
    Reason Hit & Run ^ | 4 Mar 2008 | David Weigel
    UPDATE 8:36: Ron Paul has been re-elected to Congress in the Fourteenth District of Texas. Campaign manager Mark Elam: "Chris Peden is toast. It's just a question of how big the margin is." The campaign is looking at a result in line with its final internal polls, with about 70 percent of the vote going to Paul. With about 8,400 votes in, Paul is leading Peden 72-28. UPDATE 8:53: These are early votes being reported right now, but around 40 to 50 percent of votes were cast in early voting and the Paul campaign doesn't expect the election day results...
  • [IN-07 Special] Muslims Rally Support for Andre Carson in Bid to Put Second Muslim in Congress

    03/04/2008 4:55:38 PM PST · by oblomov · 20 replies · 617+ views
    The Muslim Link ^ | 29 Feb 2008 | Talib I. Karim
    Dozens of Muslims flocked into a small town house on Capitol Hill to take a big step, last week. Their goal, to raise funds needed to elect Andre Carson of Indianapolis, IN as the second Muslim to the halls of Congress. The Carson for Congress fundraiser was held last Wednesday night, February 6th doors from the national headquarters of the Muslim civil rights organization, CAIR. Less than two years ago, Assad Aktar, an aide for a New Jersey Congressman and organizer of the Carson event, helped to pull together a similar fundraiser for a then-little known State Representative from Minnesota...