An interesting read: Treasury Inc.: The Shadow National Debt

Oct 20, 2009 - Treasury Inc.: The Shadow National Debt J.W. Verret, guest-blogging • October 20, 2009 2:31 am (SPOILER…This post describes how most of the NATIONAL DEBT and BUDGET DEFICIT is being FRAUDULENTLY HIDDEN by the OBAMA ADMINISTRATION) It has been a rare opportunity to share with this forum my new paper, Treasury Inc.: How the Bailout Reshapes Corporate Theory and Practice, forthcoming with the Yale Journal on Regulation and available here. This week we have enjoyed a rigorous discussion about the implications of the government as a shareholder in the financial services and automotive industries. - 1 Comment

Kuwaiti women win passport rights

Oct 22, 2009 - Kuwaiti women will be able to obtain their own passport without the consent of their husbands, following a ruling by the country's constitutional court. The court, whose decisions are final, said the previous requirement was in violation of guarantees of freedom and gender equality in the constitution. The decision came about when a woman complained her husband had prevented her from leaving the country. - 7 Comments

From Great Britain: Geithner aides made millions on Wall Street (Again MSM= MIA)

Oct 15, 2009 - Geithner aides made millions on Wall Street By Tom Braithwaite in Washington Published: October 14 2009 20:49 | Last updated: October 14 2009 20:49 Obama administration officials now working on fixing and regulating the financial system were beneficiaries of several million dollars in pay from Wall Street and private equity companies, it has been revealed. Financial disclosure forms show that prior to joining the government, Gene Sperling, a senior Treasury adviser, was paid $887,727 by Goldman Sachs and $158,000 for speeches to companies that included Stanford Group, the company run by Sir Allen Stanford, who has since been charged with fraud. Mr Sperling’s compensation from Goldman was for work on a philanthropic project. - 3 Comments

The New Liberalism and the end of American ascendancy.

Oct 09, 2009 - Decline Is a Choice The New Liberalism and the end of American ascendancy. by Charles Krauthammer The weathervanes of conventional wisdom are registering another round of angst about America in decline. New theories, old slogans: Imperial overstretch. - 0 Comments

Homeowners who 'strategically default' on loans a growing problem

Sep 25, 2009 - A study shows that people who abruptly and intentionally abandon their mortgages often have high credit scores, in stark contrast with most financially distressed borrowers. Who is more likely to walk away from a house and a mortgage -- a person with super-prime credit scores or someone with lower scores? Research using a massive sample of 24 million individual credit files has found that homeowners with high scores when they apply for a loan are 50% more likely to "strategically default" -- abruptly and intentionally pull the plug and abandon the mortgage -- compared with lower-scoring borrowers. - 0 Comments

European and Asian markets fell Monday, shaken by news of a trade dispute between the U.S. and China over tariffs on tires.

Sep 14, 2009 - LONDON (AP) - European and Asian markets fell Monday, shaken by news of a trade dispute between the U.S. and China over tariffs on tires. Germany's DAX fell 1.4 percent to 5,544.71 and Britain's FTSE 100 lost 1.0 percent at 4,962.90. - 2 Comments

MODERN PARABLE

Sep 08, 2009 - MODERN PARABLE THE ANT AND THE GRASSHOPPER This one is a little different... Two Different Versions! ................ - 2 Comments

Biden’s Version

Sep 07, 2009 - Biden’s Version By the Editors (National Review Online) There’s a line in the movie Dave in which a guy impersonating the president, looking for ways to cut the budget, asks his commerce secretary, “So, we’re spending $47 million so that somebody can feel better about a car that they have already bought?” It doesn’t cost $47 million to get Joe Biden to give a speech — he’ll talk anywhere, anytime, at great length, for free — and his address to the Brookings Institution on Thursday was intended to prevent buyer’s remorse. America already has bought the $787 billion stimulus package and will be paying off that bill for a very long time. Was it a good buy? - 2 Comments

People Power, A wake-up call for America's political elites.

Sep 07, 2009 - People Power A wake-up call for America's political elites. by Matthew Continetti Congress returns this week, and here's hoping that its members, Democrats in particular, learned a little something from this summer's town hall meetings. The lesson to be drawn from these occasionally raucous events is that America is on the verge of--or already knee-deep in--one of those moments that periodically roil the country and rearrange our preconceived notions about public life. - 1 Comment

The Coming Reset in State Government

Sep 05, 2009 - The Coming Reset in State Government My fellow governors and I are likely facing a permanent reduction in tax revenues. By MITCH DANIELS  (WSJ) State government finances are a wreck. The drop in tax receipts is the worst in a half century. - 0 Comments