Month June 2008

More pain for the financials

Moody’s downgraded two bond insurers yesterday, Ambac and MBI. In the bizarro world that is bonds, a bond rating is dependent not on its own financial strength, but on the rating of the insurer. So, a downgrade on the insurer…

Web site weirdness

Since our hosting company restored us to a previous copy because of server problems, some things have been acting weird, like I can’t do a scheduled post and plugins won’t deactivate. (We’re working on it…) We’ll be traveling for a…

Mia Farrow wants Blackwater in Darfur

Why? Because the UN peacekeeping force is ineffective. Lenin’s Tomb says this is just more liberal imperialism but that’s only part of it. The disquieting truth is that as governments including the US continue to hollow out, private corporations will…