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Where has your share of the bailout gone? When CIT Group, a medium-sized lender, faced the threat of bankruptcy recently, it raised an uncomfortable prospect for the officials in Washington managing the bailout of the financial system. CIT got $2.3 billion in bailout funds last year–yet it was still failing. And the government decided not [...]
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Sterling is a creative sci-fi author (a.k.a. speculative fiction novelist) and blogger about the state of things and how that will shape what is to come (a.k.a. futurist). He’s not one to pussyfoot around an impending crisis, or mince words about valuable contribution to human society. In that vein, he gave a downright sobering lecture [...]
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I can’t stand Andrew Sullivan. He derives way too much pleasure from being a contrarian, and is easily prone to hyperbole and smugness, but his blog is where I found this compelling video of young Iranians protesting the result of their recent presidential election: The Daily Dish | By Andrew Sullivan (via The Atlantic) Says [...]
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YouTube – My Obama Neurosis (In The Key Of C)
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Good video from Jon Stewart: The Notorious AIG – Congress Wants to Blame Someone (The Daily Show)
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On their latest episode of NPR’s Planet Money, Adam Davidson and Alex Blumberg point fingers. And they talk to a guy named Ian Bremmer who says something that we all need to get onboard with. Concerning the firestorm of heat AIG’s current CEO (newly appointed, not responsible for the crisis at AIG) is getting for [...]
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Think Progress » Colin Powell’s former chief of staff: Cheney is ‘evil,’ his fearmongering is ‘assisting’ al Qaeda.
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3 – The U.S. presidency became a legislative power Another thing you didn’t know about the Great Depression was how it changed the presidency. The U.S. Constitution established three branches of the federal government: the Executive (the president), the Legislative (congress) and the Judiciary (federal courts). Nowhere in the presidential job description does it expressly [...]
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Word of the bonuses last week stirred such deep consternation inside the Obama administration that Treasury Secretary Timothy F. Geithner told the firm they were unacceptable and demanded they be renegotiated, a senior administration official said. But the bonuses will go forward because lawyers said the firm was contractually obligated to pay them. A.I.G. Planning [...]
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