Browsing All Posts published on »March, 2009«

Washington to set executive salaries as auto boondoggle deepens

March 31, 2009

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Yesterday, President Obama offered a stern warning to GM and Chrysler to shape up in 60 days or face bankruptcy. To show he meant business, the administration asked for the resignation of GM CEO Rick Wagoner and strongly suggested that Chrysler work out a merger with foreign car manufacturer Fiat. Meanwhile, the President promised to […]

10,000

March 30, 2009

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At some point during the day on March 30, 2009, my humble website received it’s 10,000th page view. Now, to be sure, I’m quite aware that bigger and better blogs register that many in one day, some in one hour. It took this little blog, from the last week of November to today, about four […]

GM CEO Wagoner resigns on request of Obama administration

March 29, 2009

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On the eve of a much-anticipated announcement regarding further bailouts for GM and Chrysler, GM CEO Rick Wagoner is stepping down as head of the company. What has raised my eyebrows is that the resignation apparently comes at the request of the Obama administration. Mr. Wagoner’s marks against him are evidently the length of his […]

Mike Rowe and the War on Work

March 28, 2009

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(Photo credit: osmoothie.com) Via the Anchoress and American Digest, we have a video of Mike Rowe from the Discovery Channel’s “Dirty Jobs” speaking on our own preconceptions and on the value of hard work. You can see the video on either of these fine sites, and it’s well worth the 20 minutes to check it […]

Anarchy expected at G20 summit

March 27, 2009

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The G20 summit is set to convene next week in London, and English police are gearing up for confrontations with multitudes of angry protesters, with fears that some protests may turn violent. The fears are given weight with the recent vandalism against the home of Bank of Scotland CEO Fred Goodwin, and while various groups […]

One step closer to regrowing limbs (and an aside about political rants)

March 26, 2009

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Wired magazine is reporting that scientists have now been successful at turning human skin cells into an undifferentiated mass of cells called a blastema that is the first step toward regrowing limbs. Now Worcester Polytechnic Institute has been given a DARPA grant to develop the blastema into muscle tissue. It’s a very interesting development that […]

UN pushes for global currency reserve

March 26, 2009

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One day after Timothy Geithner and Austin Goolsbee drew fire for hinting at being open to a Chinese monetary proposal, a United Nations panel pushed for a new Global Reserve System to replace the dollar. This moves the debate somewhat out of the realm of the conspiracy and into the realm of the possible. The […]

Geithner “open” to China’s monetary proposals

March 25, 2009

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Secretary Timothy Geithner, speaking at a forum at the Council on Foreign Relations, today said he was “open” to a proposal by the governor of China’s central bank reforming world monetary policy. The Chinese proposal was seen by many as a call to adopt a world currency, but Geithner noted the only concrete proposal was a […]

Presidential press conference: my quick and dirty take

March 24, 2009

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Unlike millions of saddened American Idol fans, I freely chose to watch the Presidential press conference tonight. Reoprters tonight pressed a little bit harder tonight than they have in the past, which is a good thing as far as I’m concerned. President Obama renewed his call for the power to seize businesses, amazingly arguing that […]

Obama seeks power to seize more businesses

March 24, 2009

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The Washington Post reports today that the Obama administration wants expanded power to seize other businesses besides banks. Large insurance companies, hedge funds, and investment firms – these are the main types of business in the crosshairs right now as the push is to get rid of private regulatory agencies and seemingly nationalize the banking industry […]

Geithner reveals plan for toxic assets … to the tune of $1 trillion

March 23, 2009

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In an op-ed in the Wall Street Journal, Treasury Secretary Timothy Geithner fleshed out more details of his proposal to absorb toxic assets on the balance sheets of major banks. Dubbed the Public-Private Investment Program, the plan calls for the government (i.e. the taxpayer) to buy bad real-estate loans and securities from banks and calls […]

AIG bonuses, Special Olympics, and the perpetual campaign

March 22, 2009

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My apologies, first off – a temporary change in working hours left me unable last week to offer comment on major events. That’s not to say that I wasn’t paying attention, so let me throw in my two cents before the slog of next week begins. The AIG bonus situation is a bit of egg on […]

Undemocratic card check threat hurts Walmart stock

March 12, 2009

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The spectre of union card check legislation has caused Citigroup to downgrade the value of Walmart’s stock, noting the legislation, introduced this week and seemingly aimed at the large non-union retailer, would create significant costs and bring down earnings for the company. Walmart-haters don’t care about any of that and are gleefully anticipating a comeuppance […]

After signing earmark-filled bill, Obama promises to curb earmarks

March 11, 2009

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The headline could rightly be an article at satirical humor newspaper The Onion, but it’s sadly true. After a $787 billion stimulus bill, a $700 billion bank bailout, and a $4 trillion proposed budget, President Obama signed a $410 omnibus spending bill into law. The bill contained some 9000 earmarks, and Obama, promising during the […]

Connecticut tries to regulate church governance

March 10, 2009

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It’s barely believable, but scarily true. In a shocking assault on the separation of church and state, the Connecticut legislature was slated to hear a Democrat-sponsored bill that would create lay councils to oversee church finances. The bill has rightly provoked outrage among many in the religious community, who hastily organized a campaign to register […]