Peter Camejo passes. 9-13-08, 3 AM
From the Green Party OC listserv via Green Lisa comes this sad news. Peter Camejo has passed away but his life and words will continue. Peter was writing his memoir and I am told only had 1/2 chapter left to…
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Month September 2008
Neches River flowing backward from Ike storm surge
From comments on The Oil Drum What is really interesting to me is that the Neches River currently has a flow of -32000 cubic feet a second – that is, the water is now flowing the wrong direction in that…
Roots of the current financial crisis
From financial blogger Barry Ritzholz at The Big Picture The current headache begins and ends with ideology, namely that of former Fed Chairman Alan Greenspan–an acolyte of Ayn Rand, a free-market absolutist, a true believer in the evils of regulation.…
The other monster hurricane
NY Times The New York Fed has told the heads of major Wall Street firms to prepare for an orderly liquidation of Lehman Brothers on Monday and that “if the industry failed to solve the problem their individual banks might…
Biggest US insurer goes cliff-diving
AIG joins the list of cratering financial institutions, after losing half its stock value in 5 days. There’s getting to be quite a passel of them, aren’t there? Washington Mutual, Wachovia, and Merrill are on the sick list too while…