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Anyone remember that $700 billion?
That would be the $700 billion bailout bill where we were all told that if Congress did not act immediately, the economy would completely collapse to a point that would make the Great Depression look like a pleasant walk in the park. The one pushed by Hank Paulson, our Treasury Secretary and rich former banker to bail out a bunch of rich bankers ( Read more... ) -
Dilemmas
Bernard Madoff ran what was probably the largest Ponzi scheme not affiliated with the United States government or one of the Fortune 500 in history. He swindled clients out of billions of dollars, including the life savings of individuals and the operating capital of charitable organizations. The scandal has already led to at least one suicide, ( Read more... ) -
Anyone want to make some waves?
Someone who is a resident of Illinois should file a lawsuit in federal court. The grounds are that Senate Democrats, by refusing to seat Senator Burris, are improperly depriving residents of Illinois of the full representation in Congress to which they are entitled by the Constitution. The whole idea of the Senate is that every state gets equal ( Read more... ) -
The Obama Administration: No room for Larry Summers
President-Elect Obama has started naming members of his economic team, including New York Fed President Timothy Geithner as Secretary of the Treasury. Among his appointments were Lawrence Summers, a former Clinton Administration Treasury Secretary and Harvard University president, as his chair of the White House National Economic Council. The ( Read more... ) -
How the Obama Administration is shaping up so far
Reports are that President-Elect Obama has decided to nominate New York Fed President Timothy Geithner to be his Secretary of the Treasury. There are conflicting reports that Senator Hillary Rodham Clinton will accept the Secretary of State post. The President-Elect also seems to be considering an assortment of activists for other key posts, ( Read more... ) -
What's Next?
Well, yesterday was pretty amazing. Here in Chapel Hill, NC, students and other community members rushed the streets of downtown celebrating the Obama victory. Although the presidential race in North Carolina is still too close to call, it hardly matters, since Senator Obama has already won a decisive victory. Still, after 30 years of North ( Read more... ) -
What if...?
The following was passed on to me by a friend from an Episcopal mailing list. While I don't deny that society has made a lot of progress, it's also true that we have a long way still to go.
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Meet Joe the Plumber
I saw the clip of Senator Obama's conversation with "Joe the Plumber" from Toledo, Ohio. Something about it struck me as odd. Then I watched the debate and started getting annoyed by all the times McCain was bringing him up. I started thinking that something was not quite right here, starting with the fact that not too many plumbers I know of ( Read more... )
