[T]he many people I’ve spoken with who do understand economics and our financial system are gravely concerned – all of them. The only place you can find people who aren’t gravely concerned are on Capitol Hill and in the media, the two places in our society where people are paid to offer opinions on things they know nothing about.
Wow. Another beautiful Cherryholes album. My favorite track: My Only Son. Some great instrumentals, too.
I don’t think a lot of folks understand this win-win scenario. Let me repeat: The taxpayers own the bonds the Treasury buys; the taxpayers own the cash flows generated by the bonds; the taxpayers own the profits when the bonds are sold; and the taxpayers benefit when the profits and cash flows are used to pay-down government debt.
A Paulson-Cantor Plan Is a Win-Win by Larry Kudlow on NRO Financial.
First it was Pokemon, then Webkins, now it’s Bakugan. It’s the latest rage among our sons and their friends–but it’s not a publicly traded company. Darn.
The Public Deserves a Better Deal - WSJ.com.
“There is a better alternative to stabilize the markets: Invest the $700 billion of taxpayer money in senior preferred stock of the troubled financial institutions that pose systemic risks. Let’s call this the “Preferred plan.” In fact, it is the Fannie Mae and Freddie Mac model — which the Treasury Department has already endorsed and used in practice. It is also the approach Warren Buffett used for his investment in Goldman Sachs.”
Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role that the crumbling financial sector played in the now-fragile American economy.
I’ve been slowly moving all my web sites over to Joomla this year and I really have to say that I like it. I’m a doctor, not a programmer, so I like to be able to grab and install components and modules (and templates!) that do what I want, install them, and off I go. Even if they cost a little money.
One component in particular has been a godsend: Joomla Updater by Intellispire software. It does two things really, really well:
1. It tells me when there’s a new update to Joomla 1.5 and can do the installation for me. I’ve used the updater my hosting service offers and it failed several times.
2. It tells me when there are updates to components and plugins that I have installed and can do the installation for me, thus saving me the time of having to go to developer sites to check for new version personally.
Both are huge time savers for a non-programmer like myself. Nick Temple, the owner, is also ‘Joomla Smart’ and I find that, in general, associating with smart people makes me look good, too.
I think the most coveted Secret Service assignment right now has to be protecting Governor Sarah Palin. I said it (privately) right after she was nominated and I’ll say it again after reading this touching story.
