Bob Morris @ Sep 6th 2008 22:10 - Category: Unfiled ;
Federal funding for highways is running out because it is funded by taxes on motor fuel, and people are driving less because of high prices. So, there’s a revenue shortfall.
Bob Morris @ Sep 6th 2008 22:02 - Category: Credit crisis ;
Hurricane Ivan and the Fannie/Freddie takeover are both unpredictable and capable of extreme damage. The takeover seems a desperation move will almost certainly trigger massive blowback (unpredicted consequences of actions.) No one knows if the financial levees will hold.
Bob Morris @ Sep 6th 2008 18:05 - Category: Election 2008 Tags: Obama;
Conclusive proof from the fine folks at Snopes.
Bob Morris @ Sep 6th 2008 17:09 - Category: Credit crisis ;
More broadly, this isn’t a big surprise, but the timing of this coming after Bill Gross’s missive yesterday really rankles. Does everyone have to hop every time Gross complains? Is he the bond market incarnate, or just channeling its animal spirits?
Or maybe his warning of an incoming financial tsunami if the government didn’t do something wasn’t a bluff. What he meant it and wasn’t just talking his book? And Paulson agreed.
It’s either that or the bond markets really do tell D.C. what to do. Hmmm.
Bob Morris @ Sep 6th 2008 12:15 - Category: Credit crisis ;
John McCain’s son resigned from the board of the holding company of July 28 citing “personal reasons.” Yeah, right.
Bob Morris @ Sep 6th 2008 07:41 - Category: Credit crisis ;
PIMCO’s Bill Gross explains why the markets for houses, stocks, and bonds are all crashing at once–and why they all have much farther to go. In a sentence? The global economy is in the process of delevering (reducing debt by selling assets)
Bob Morris @ Sep 6th 2008 03:38 - Category: Unfiled ;
From Tikun Olam, a fine and thoughtful blog about Israeli-Arab peace.
I think I can count on one hand the number of times a candidate for higher office has defended himself from such an attack by publicly fighting back and attacking Aipac by name. As I said, that takes guts. And I don’t think Joe Biden is foolish. He knows what he can and can’t get away with. He is confident enough in his record to warn Aipac that their supporters are mouthing nonsense and that he will take them to task by name if they persist. I think too he knows that Aipac no longer rules the roost in DC. They used to maintain their power with an iron fist. But I think that now there is more room to breath for candidates.
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