November 2008
81 posts
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October 2008
99 posts
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Dear McCain Supporters: Please Explain Why The... →
(via azspot) This list is interesting but lost some credibility with me by including Michael Arrington.
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“If the lunch truly is free, the demand for free lunches will be large.”
– Paul McCulley quoted in Mortgage Plan May Irk Those It Doesn’t Help
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Gates: US Needs to Update Nuclear Arsenal →
Robert Gates speech to the Carnegie Endowment for International Peace:
The U.S. is experiencing a serious brain drain in the loss of veteran nuclear weapons designers and technicians. Since the mid-1990s, the National Nuclear Security Administration has lost more than a quarter of its workforce. Half of our nuclear lab scientists are over 50 years old - and many of those under 50 have had limited...
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New fundraising email from the Obama campaign
I’m the Chief Financial Officer for Barack Obama’s campaign. I track the donations coming in and the expenses going out. I asked for the opportunity to write to you directly so that I could try to explain what’s happening right now. This organization has thousands of employees and spends millions of dollars a day — and at the moment we’re doing it without a safety...
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Mortgage Justice Is Blind →
This is the first solution to the falling-housing-prices / foreclosure feedback cycle that makes sense to me.
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“Chrysler LLC, the third-largest U.S. automaker, said it will stop making its...”
– Chrysler to Drop First Hybrids, After October Debut Why should the US taxpayer support companies that are this bad at planning for the future?
After a century of continuous publication, The... →
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“How did an ivory-tower academic whose specialty is the details of the Great...”
– Brad DeLong, Republic of the Central Banker Great article.
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A jury has found U.S. Sen. Ted Stevens guilty of... →
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Europe on the brink of currency crisis meltdown →
Europe’s entire economy just might implode.
Interesting:
Broadly speaking, the US and Japan sat out the emerging market credit boom. The lending spree has been a European play – often using dollar balance sheets, adding another ugly twist as global “deleveraging” causes the dollar to rocket. Nowhere has this been more extreme than in the ex-Soviet bloc.
The region has borrowed $1.6...
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“The world is simultaneously as round as a soccer ball and as flat as a pancake,...”
– Andrew Keen, a contributor to (Not Quite) 101 Things Sarah Palin Should Know About the World
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“Deutsche Bank’s assets represent 80 percent of [Germany]’s GDP. In...”
– David Smick, If Entire Countries Go Broke, We’ll Go With Them
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“All I can tell you is that we are going to have the bankers up here, probably in...”
– Chris Dodd. I think Joe Nocera is going for the Pulitzer with his coverage of the financial crisis. This line is from “So When Will Banks Give Loans?”
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“The U.S. dollar is losing people’s confidence. The world, acting...”
– Shi Jianxun, a professor at Shanghai’s Tongji University
barthel:
It’s probably not worth refuting something written by the author of Triumph Forsaken: The Vietnam War, 1954-1965. (Though the consensus is that Carter’s failure was caused not by his policies but by the way he tried to get his policies enacted.) This, however, is true:
Biden asserted that an Obama administration would make unpopular decisions, because “if they’re popular, they’re...
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October 24th
Three years ago today on Monday, October 24th, 2005, my friend, mentor and boss was killed in an accident on the Harlem River. I can’t believe it’s been three years. I spent most of that day calling his closest friends to tell them that he was missing. Most of those people I had just started to get to know and some I had only heard stories about. I was in total shock, remaining...
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Black Swan Guy Says Banks Will Become Water... →
This is remarkably similar to what Pimco’s Mohamed El-Erian said last month except that Taleb seems to think it is a good thing (which I agree with).
Prepare for a VERY bad day for the stock market
We could hit the circuit breakers. It looks like the world might now be expecting deflation.
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City Council Votes, 29 to 22, to Extend Term... →
Me: Do you want chicken and rice? Go look at Steve's desk, that's what we're getting.
Boss: That looks like poison. I'll take it with hot sauce. And a Diet Coke.
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“Myself, along with my siblings and a few cousins, will not be supporting the...”
– CC Goldwater (via azspot)
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“We’ve reached a situation of sheer panic. There will be massive dumping...”
– Nouriel Roubini
New York Times Running On Fumes →
If this results in Rupert Murdoch buying the NYT, I will be very disappointed (even if he is softening).
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“Obama would be the better Bond because—if he’s true to his word—he’d be willing...”
– Daniel Craig via Drudge.
“Senior Tehran officials are recommending a preemptive strike against Israel to...”
– Top Iran officials recommend preemptive strike against Israel - Haaretz - Israel News
This is what we’ve done to the world. (via mikehudack)
Read this article. I emailed this to my dad and he suggested that this could be what Biden referred to.
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“Let’s hope we are all wealthy and retired by the time this house of cards...”
– One S&P credit rating employee to another in 2006, Credit-Rating Companies `Sold Our Soul’ for Pay, Employees Said
Pick Obama's Treasury Secretary →
Clusterstock is asking for suggestions in the comments. The suggestions I’ve seen so far that I think make sense:
Brad Setser, Tim Geithner, Jamie Dimon (who Obama’s team has been rumored to have already contacted), and Jon Corzine. Setser is a real long shot, but he understands the currency issues we’ll be facing and international fund flows as well as anyone. What I’d...
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Win every single hour
southpol:
I love this email from an Obama-Biden regional field director on a GOTV prep day:
Barack really is expecting a lot out us - and there isn’t much else for him to do. He has placed this election in our hands at this point. It’s up to us now. We may never again have our hands on history quite like this again for as long as we live. That makes each hour so so precious. We can slack...
Did You Do the Right Thing?
therealjanelle:
philipnobel:
You know it.
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“From September 30, 2007, to the end of this past fiscal year on September 30,...”
– Chuck Butler
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Make-Believe Maverick: A closer look at the life... →
In the end, the essential facts of John McCain’s life and career — the pivotal experiences in which he demonstrated his true character — are important because of what they tell us about how he would govern as president. Far from the portrayal he presents of himself as an unflinching maverick with a consistent and reliable record, McCain has demonstrated an unwavering commitment to taking...