Friday, October 31, 2008
Thursday, October 30, 2008
American Stories, American Solutions
Here it is, the Barack Obama Prime Time Variety Hour, in its entirety.
Obama Leaves McCain Dumbstruck
Somehow I missed this particular exchange. I have posted it here for the sheer pleasure of seeing McCain blinking in surprised bafflement.
Sunday, October 26, 2008
Warning: For Mature Audiences Only (Some nudity)
He'll hate me for this some day, but I just gotta post this photo of my nephew. It's too damn cute:
Friday, October 24, 2008
Bernanke Endorses Obama
Ben Bernanke apparently wants four more years as Federal Reserve Chairman. At least that's a reasonable conclusion after Mr. Bernanke all but submitted his job application to Barack Obama yesterday by endorsing the Democratic version of fiscal "stimulus." (more...)
Poésie du Jour
The Soul selects her own society,
Then shuts the door;
On her divine majority
Obtrude no more.
Unmoved, she notes the chariot’s pausing
At her low gate;
Unmoved, an emperor is kneeling
Upon her mat.
I’ve known her from an ample nation
Choose one;
Then close the valves of her attention
Like stone.
Then shuts the door;
On her divine majority
Obtrude no more.
Unmoved, she notes the chariot’s pausing
At her low gate;
Unmoved, an emperor is kneeling
Upon her mat.
I’ve known her from an ample nation
Choose one;
Then close the valves of her attention
Like stone.
Thursday, October 23, 2008
Tuesday, October 21, 2008
Sunday, October 19, 2008
Friday, October 17, 2008
Thursday, October 16, 2008
Buckle Up -- We Haven't Reached Bottom Yet
By Steven Pearlstein
Wednesday, October 15, 2008; D01
In the wake of an unprecedented, coordinated effort by governments around the world, the global financial meltdown has been contained, at least for the moment. Amazing what you can accomplish with a mere $2 trillion!
If we're lucky, the panic phase of this crisis may be over -- the hoarding of cash, the tidal waves of forced selling and indiscriminate liquidation. As the various initiatives are put in place over the coming weeks, credit should begin to flow more freely again through the financial system and out to the wider economy.
There is no guarantee that the panic won't return, but certainly there is nothing that makes it inevitable. What is significant is that governments have now established that they are willing and able to do whatever is necessary to prevent the financial system from spinning out of control, which is crucial to putting a floor under investor and consumer confidence.
Do not confuse this moment of calm with a stock market bottom or a sign that a serious recession has been avoided. (more...)
Wednesday, October 15, 2008; D01
In the wake of an unprecedented, coordinated effort by governments around the world, the global financial meltdown has been contained, at least for the moment. Amazing what you can accomplish with a mere $2 trillion!
If we're lucky, the panic phase of this crisis may be over -- the hoarding of cash, the tidal waves of forced selling and indiscriminate liquidation. As the various initiatives are put in place over the coming weeks, credit should begin to flow more freely again through the financial system and out to the wider economy.
There is no guarantee that the panic won't return, but certainly there is nothing that makes it inevitable. What is significant is that governments have now established that they are willing and able to do whatever is necessary to prevent the financial system from spinning out of control, which is crucial to putting a floor under investor and consumer confidence.
Do not confuse this moment of calm with a stock market bottom or a sign that a serious recession has been avoided. (more...)
Monday, October 13, 2008
Friday, October 10, 2008
That's not funny! (Okay, maybe a little.)
Today on Bloomberg a guy said that the stock market plunge is even worse than a divorce. He said he lost half his money but he still has his wife.
In these parlous times, a winning investment strategy
If you had purchased $1,000 of shares in Delta Airlines one year ago, you would have $49 today. If you had purchased $1,000 of shares in AIG one year ago, you would have $33 today. If you had purchased $1,000 of shares in Lehman Brothers one year ago, you would have $0.00 today.
But, if you had purchased $1,000 worth of beer one year ago, drunk all the beer, then turned in the aluminum cans for recycling refund, you would have received $214! Based on the above, the best current investment play is to drink heavily and recycle. It is called the 401-Keg.
But, if you had purchased $1,000 worth of beer one year ago, drunk all the beer, then turned in the aluminum cans for recycling refund, you would have received $214! Based on the above, the best current investment play is to drink heavily and recycle. It is called the 401-Keg.
Wednesday, October 8, 2008
Saturday, October 4, 2008
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