Posts Tagged ‘bailout’
Craving another fix?
This, from Clusterstock.com, was excellent: The Republicans have so little power in Washington right now that they’re grasping at the thinnest reeds in hopes of influencing the final stimulus bill. It’s going to be real tough to add substantially more tax breaks to the package, especially since so many people are convinced that we got [...]
Light (Crude) Reading
Houston Tomorrow published this summary of the long discussed stimulus bill that Obama plans to pass as soon as he takes office. They the following: Relatively speaking, the stimulus bill marks a tenfold increase in transit spending, perhaps the biggest sign yet that mass transit is becoming politically popular. That’s good news. – – – [...]
Necessity is the mother of invention
There was an article on CNN today talking about entrepreneurs. The article begins by discussing the difficulty in quitting a project when it’s failing, but then goes on to discuss entrepreneurship in general, and it really hit home with me. In a recession that has forced employers to eliminate 2.6 million jobs in 2008, people [...]
Feeding Frenzy
The stampede is officially on: Porn Industry Requesting Federal Bailout The industry leaders said the issue is a nation in need. “People are too depressed to be sexually active,” Flynt said in the statement. “This is very unhealthy as a nation. Americans can do without cars and such but they cannot do without sex.” “With [...]
At least we’re taking them all down with us…
Headlines: World stock markets tumble Europe works to contain crisis Stocks suffer blowout as global crisis persists Global stocks in Monday mess Stocks worldwide fall as crisis fears widen Seems like passing the bailout didn’t soothe any nerves. The keyword I keep hearing over and over again is fear. Fear, fear, fear. Everyone is afraid. [...]
The end of arrogance?
Fascinating article from Germany, it’s a long read, but the outlook echoes what’s happening on the street. The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing. We’re drifting [...]
Don’t go quietly.
This was posted two days ago by an equity investor from Washington. It sums up the issue as well or better than I ever could have, so I’ve pasted the entire text below. We can’t afford to be quiet about this crisis, if you haven’t already written your representatives, you should. I will not go [...]
Food for thought, September 25
First, this was great: “My Car is More Important Than My Body” for a LOT of people, their cars are their livelihoods. It gets them to work, to school, to the store, and it hauls around other people and things. It get them from point A, to point B and C and D and back [...]