News
Stock market drops 777 points as House votes down Wall Street bailout
September 30, 2008The stock market dropped by 777 points today, in response to the bailout vote in Congress, its largest numerical drop in history. As a percentage of overall volume, the drop did not measure in the top...
Read moreThe financial crisis and the 2008 elections
September 30, 2008John McCain is posing as a populist. In a typical sound bite, he says, 'We need to put our country first and focus what's best for Main Street. It's the excess and greed of Washington and...
Read moreStop the U.S.-India nuclear deal
September 30, 2008By this time next week, Congress will likely have left Washington for the countdown to Election Day. Before your representative and senators go home, President Bush is urging them to rush through a nuclear cooperation agreement...
Read moreCrisis in Germanys Social Democratic Party
September 30, 2008BERLIN — The big weekend blowout in Germany’s Social Democratic Party (SPD) demonstrates how to cut off your nose to spite your face. In a series of small, smaller and smallest secret gatherings the party leaders...
Read moreA modest proposal: How about a trickle-up bailout instead of trickle-down
September 30, 2008Perhaps the biggest fault of the bailout being debated (possibly passed by the time you read this) is that it is based on the idea that the relief given to Wall Street will trickle down to...
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