Bob Morris @ 22:33 Category: Credit crisis;
Chart from Calculated Risk. There’s no sign the current stock market crash is anywhere near done either. That 10% up a few days ago was a bear market rally. Such rallies are known to spike up ferociously then die quickly, and are an excellent time for smart money to sell their holdings to the overly optimistic.
Bob Morris @ 18:55 Category: Election 2008;
We are the brothers of bullion, the sisters of stock options; the compadres and comadres of cash. For the last 8 years, we tuxedo and evening gown-clad denizons of the richest 0.01% of America’s economic bell curve have been celebrating the president who has been concentrating more and more money into our hungry hands. But now Change is in the air! Will the next President dance to our tune?
Wil b and the Billionaires are back with yet another video!
Bob Morris @ 13:30 Category: Election 2008;
Via Andrew Sullivan
While we’re on the subject, there seems to be some confusion in Liberal Land that rednecks must always be right-wing bigots or some such nonsense like that.
Um, Willie Nelson is a redneck. And he’s seriously progressive. As is another country singer, Steve Earle, who mentioned at a concert I was at that Karl Marx has some good stuff to say. Lots of rednecks tilt leftwards.
Bob Morris @ 11:45 Category: Election 2008;
He’s the author of Deer Hunting With Jesus, reviewed here and blogs at JoeBageant.com.
Bob Morris @ 08:46 Category: Election 2008;
From polling site FiveThirtyEight
We have a pretty good idea of where this race stands — a far better idea than you’ll get by trying to discern the meaning of John Zogby’s divining rod or paying any attention to what you see on the front page of Drudge Report.
Number one, John McCain is NOT closing Obama’s margin as quickly as he needs to (if indeed he is closing it at all).
Number two, John McCain is NOT gaining ground in the states that matter the most.
Also:
Leading conservative Francis Fukuyama endorses Obama.
McCain’s appeal was always that he could think for himself, but as the campaign has progressed, he has seemed simply erratic and hotheaded. His choice of Sarah Palin as a running mate was highly irresponsible; we have suffered under the current president who entered office without much knowledge of the world and was easily captured by the wrong advisers. McCain’s lurching from Reaganite free- marketer to populist tribune makes one wonder whether he has any underlying principles at all.
Ouch.
Circular firing squad of flying Republican attack monkeys.
Bob Morris @ 05:34 Category: Climate change;
The first step in getting off drugs is admitting you have a problem. Thus, China has taken crucial big step, even if they aren’t sure how to kick the addiction completely. That they admit to the problem and want to solve it at the governmental level puts them way ahead of the current US government. Presumably, President Obama will be taking real action. “Imagine, a president who actually believes in science.”
How does a rapidly industrializing country provide power for literally billions of people? Any way it can, that’s how. So it behooves us as a planet to create cleantech ways to generate power that cost less than coal. With the huge promise of geothermal, solar, wind, wave, and tidal power generation, we will get there. But it does need to happen fast.
Bob Morris @ 00:30 Category: Climate change;
Yes, you read that right. The Australian prime minister said capitalism is a primary cause of climate change.
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