Bluegrass legend Ralph Stanley endorses Obama
“After the last eight years, I believe we all need a change… I think we could use a leader that’s on our side.”
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 October 2008
Obama and Bill Ayers
NY Times [In 1996] at a luncheon meeting about school reform in a Chicago skyscraper, Barack Obama met Ayers, by then an education professor. Their paths have crossed sporadically since then, at a coffee Ayers hosted for Obama’s first run…
Major bank failure in Germany
Hypo Real Estate, the second largest real estate lender in Germany, is circling the drain after an emergency rescue failed. They are about the size of Lehman. The financial system cannot take another body blow of this magnitude. The authorities…
Lehman failure craters Iceland bank, maybe their economy too
(Icelandic salted cod. From Flickr.) The US financial crisis is causing an implosion in Iceland, which is forcing a cascade into the European financial system. Serious talk of a bank holiday and food hoarding has been heard. Head of largest…
Bad business plan. Maybe illegal too
“We called them ‘foreclosure loans‘ because they were doomed to fail,” said the [real estate] agent, who didn’t want to be identified because she’s still in the industry. “The lender expected the borrower to lose the house and the bank…