Archive for August 29th, 2008


Face off behind the Orange Curtain

That’s our pal Joe on the Left. Go, Joe!

If you live in California, vote NO on Proposition 8 (which would ban gay marriage in California.) Happily, it looks like it will be defeated, but let’s make sure.

NoOnProp8.com has more.

(Joe sent the photo. The Orange Country Register website does not appear to have the article online, so I can’t link to it.)

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Another Friday, another failed bank

FDIC takes over Integrity Bank of Alpharetta, GA.

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Crouching Spider by Louise Bourgeois

At the San Francisco Bay Bridge. Click to view full-sized on Flickr.

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GOP might delay convention due to hurricanes

Intoxination has the NOAA chart and thoughts on the storms. WaPo says the Republicans may have to delay their convention. But given the monumental logistics involved, I don’t see how that’s possible. Contracts have been signed. Commitments have been made. Sound, video, lighting, catering, and security squads are scheduled to arrive. As are thousands of participants who have already booked plane reservations and hotel rooms. You just can’t reschedule an event that huge a few days before it happens without total chaos ensuing.

But it could be a different event.

“You would have to dramatically change the nature of what you do. Much less partisan. Much less political,” said the official, who spoke on the condition of anonymity because internal discussions are ongoing. He added that all the speakers would have to retool their addresses to reflect the storm and its impact. “Otherwise, it’s the elephant in the room.”

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Chevy Volt. GM’s desperation gambit

GM is betting their company on the Chevy Volt. It’s a plug-in electric hybrid supposedly due in 2010. But reports are it will be late and the battery, which they are inventing as they design the car, remains a huge problem. It doesn’t exist yet and if and when it does, will probably be extremely expensive.

Engineers at Toyota have all plug-in hybrids, including the Volt, on “death watch” because the batteries will be too costly. They also think that trying to get people to charge EVs at night won’t work. So massive amounts of new solar power will be needed.

One also wonders if GM will survive in its current form until 2010, much less beyond.

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Foreign investors dumping Fannie and Freddie debt

But not to worry, our ever-delusional government says a takeover of Fannie Mae and Freddie Mac is “unlikely” even as they beg foreigners to stop selling.

In an equitable universe, the plunderers who ran those companies would be fired than stripped of the tens of millions they made while driving them into bankruptcy.

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Breaking: Calif. Senate to vote on budget compromise today 10 am

I do not believe this vote has been scheduled unless there are indications that there are at least two Republican Senators ready to vote for the budget so that it will secure the necessary two-thirds vote, or unless the governor believes he can deliver these votes.

Let’s hope it passes. The stalemate has gone on long enough. The budget looks to be 50% tax increases and recovery and 50% budget cuts.

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Automakers cut back credit to dealers

Squeezed automakers are no longer offering easy credit to their dealers. This in turn squeezes the dealers, some of whom are already going out of business.

Sounds like a death spiral to me.

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