Anybody that knows me knows that I am generally p-o’d at John McCain for whatever cause he happens to be championing. Whether it’s stifling free speech with campaign finance "reform" or seemingly protecting the "rights" of terrorists, I regard him as more harm than good for many of the issues important to me. Many crusades upon which he embarks appear designed for publicity and to distance himself from policies of the Bush administration. . That being said, given the poor polling numbers that continue to dog President Bush, there may be- and it’s a big "may"- some "method to his madness." If large numbers of voters continue to allow themselves to be misled by the President’s detractors (main stream media, Democrats, etc.), the only way for any Republican to be successful in ’08 may be by being the "anti-Bush." Do I like this possibilty? No. In a perfect world, more people would wake up, see the soundness of the present administration’s ove...
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CFO.com has had some cracking material the last few weeks. This one: Former FDIC Chief: Fair Value Caused the Crisis goes down as one of the best for exposing yet another accounting dope. This time William Isaac, one time chairman of FDIC and now - wait for it - consultant to banks:
The devastation that followed stemmed largely from the tendency of accounting standards-setters and regulators to force banks, by means of their litigation-shy auditors, to mark their illiquid assets down to &... more
Following up on yesterday’s post about the Big Three automakers and what, if any, lifeline should be tossed their way by Washington…. First, some background from a former assistant secretary of Energy during the Clinton years. Joseph Romm recounts an informal partnership between the Clinton Administration and the Big Three automakers to speed the development of hybrid gasoline-electric cars. After spending nearly one billion taxpayer dollars, the automakers walked away from th... more
Obama announces transition leaders for 3 agencies - Yahoo! News
Note all six are former Clinton Administration officials. Do you still think this is change? ... more
Hillary Clinton przez najbliższe cztery lata będzie szefow± amerykańskiej dyplomacji. Bez zmian natomiast w Pentagonie. Na stanowisku pozostaje Robert Gates, który także w administracji Busha pełnił funkcję sekretarza obrony. To tylko niektóre nazwiska, z ogłoszonego przez prezydenta-elekta zespołu do spraw bezpieczeństwa narodowego.... more
TOKYO - Foreign Minister Hirofumi Nakasone expressed Japan’s determination Monday to step up efforts and play a leading role in tackling global security issues, especially North Korea, Afghanistan and East Timor, when its two-year term of nonpermanent membership on the... more
AP: “A new batch of images sent Monday from North Korea show its leader, Kim Jong Il, appearing fit while touring a military unit, amid questions about his health.”
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Voice of America Hill to meet N.Koreans in Singapore this week Reuters - 2 hours ago He then travels to Beijing for talks expected to focus on getting a written agreement on how to verify what North Korea has disclosed about its nuclear ... US envoy in North Korea talks heading to Asia guardian.co.uk US Wants North Korean Verification Commitments on Paper Voice of America all 150 news articles ... more
Rice subsidy scandal probe to start Nov. 10
The Korea Herald
Thursday, October 23, 2008
The National Assembly’s inquiry into the rice subsidy scandal has been set to begin Nov. 10 and last for 26 days, parties agreed yesterday.
During the inquiry, an 18-member panel will look into who illegally pocketed subsidies, why state auditors destroyed their audit result and whether the former Roh Moo-hyun government exerted influence in keeping the audit secret, officials said.
The part... more
This post introduces our new regular contributor, amandaminchung, an experienced financial journalist in the Korean media as well as a regular blogger.
It was the worst ever panic. To be fair, the second worst panic after the Asian crisis in late 90s.
Last week [ed.’s note: this article was written on 10/25] the bench mark KOSPI plummeted to 938.75 breaking down below 1000 points, the tech-heavy Kosdaq had the 4th circuit breaker in its history. Kosdaq had its 3rd circuit breaker the d... more
The Korea Times is reporting that LG is changing its strategy in Mobile, to aim for lower-end handsets - i.e. those in the $100-150 region. This will allow LG to expand in markets where its hold maybe isn’t so strong - but also to try and roll with the punches of the economic downturn better -... more
While it's true that the Labor Department under the Bush administration was basically hostile to its purpose (according to Washington Post "WP: Labor Dept. Accused of Straying From Enforcement"), new rules from the administration intend Related Entries: Bush Administration Rushing to Allow Uranium Mining Leases Near Grand Canyon (Location of Colorado River which supplies Pheonix, Las Vegas, and Los Angeles with drinking water.) Space Junk News: 1400 lb International Station ’Refrige... more
Warning: this post is about bad language, and the link leads to a lot of it. Jeffrey Rosen of The New Republic says, “We have an indecency problem.” He writes about the Bush Administration’s decision to fine TV stations for letting some foul language out into the air, but Rosen doesn’t think that’s the best [...]... more
In this Sept. 26, 2008 file photo, a woman passes a branch entrance near the headquarters of Washington Mutual Inc., in downtown Seattle. WaMu, one of the nation's largest banks, was seized by the Federal Deposit Insurance Corp. Thursday, and then sold to JPMorgan Chase & Co. (AP Photo/Ted S. Warren, File)
Bush Administration Weakened Lending Rules Before Crash
MATT APUZZO | December 1, 2008 10:23 AM EST |
WASHINGTON — The Bush administration backed off proposed crackdowns... more
Eric at Redstate.com ran a contest a couple of days ago asking readers to state, in 100 words or less, why you should vote Republican in 2006. The winner was Liz Mair of gopprogress.com who really nailed it: I will vote Republican in 2006 because: I want a prosperous America, where the poorest can achieve wealth, if allowed to save instead of pay high taxes, while benefiting from low unemployment and limited regulation. I want a freer America, where my rights-- to own ... more
Erin at Critical Mass makes the following observation: SUNY rewrites First Amendment As a public university, SUNY Binghamton is required to uphold the First Amendment rights of students--which it acknowledges: "The tradition at Binghamton, a public university, is that the full exercise of First Amendment rights is encouraged and protected," So far so good, that I can see.... states the Student Handbook . But SUNY administrators are not content to stop the... more
This is my weekly column for today’s Laconia Daily Sun. Exercising the First by Doug Lambert Tag, dodge ball and jihad. At what point will we ban childhood itself? While I’m all in favor of modern innovations like good helmets for children (and adults- if they choose) when bike riding and skiing, more and more lately, the notion of “child safety” just gets plain silly. . Consider the latest playground rules at an elementary school just down in nearby Mass... more
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