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Mar 27,2009
Wall Street loved the Obama administration's new bank rescue plan. News that Treasury Secretary Timothy Geithner finally had put some flesh on his bare-bones ideas helped push up the Dow Jones industrials up 497.48 points Monday. But should the rest of us love it so much? That all depends on whether it works, and this is a plan fraught with risk. It's also one that might not go far enough. The heart of the Obama-Geithner ... [full story]
688 times read - No comment posted

Mar 27,2009
Americans are upset and angry at the state of the economy and the mismanagement by some financial firms that have contributed to their economic woes. They should be. But Congress has had a role in that mismanagement, and it is furiously trying to deflect attention from that fact with its outrage at bonuses paid to some employees of insurance giant AIG. Seeing a mob with pitchforks coming its way, some members of Congress are pointing ... [full story]
681 times read - No comment posted

Mar 27,2009
Sen. Evan Bayh could provide an invaluable service to the nation if he's serious about his desire to temper the Obama administration and congressional Democrats' more radical inclinations. Bayh garnered national headlines this week with his announcement that he and 14 other Democratic senators had begun weekly meetings to discuss ways to ensure that the White House hears from the party's moderates. Another sign of Bayh's willingness to buck the power structure: Only one other ... [full story]
618 times read - No comment posted

Mar 27,2009
Enacting a carbon cap-and-trade system is too transformational to allow it to be jammed through Congress without the full give-and-take of the legislative process and with the votes of just one party counting. Credit Michigan Sen. Carl Levin for stepping in front of his own party's bulldozer to shout, "Slow down!" Senate Democratic leaders know that cap-and-trade is an extremely divisive issue, pitting manufacturing states like Michigan against coastal states that have lost their minds ... [full story]
711 times read - No comment posted

Mar 20,2009
As he often does, the comedian Andy Borowitz nailed it Monday on his online satire site, BorowitzReport.com: In New Terror Video, AIG Demands Huge Ransom from U.S. Shadowy Group Seeks Bonuses, Golf Retreats American intelligence experts are analyzing a new terror video from the American International Group (AIG) in which the leader of the shadowy organization demands billions of dollars from the United States. In the four-minute tape, which surfaced over the weekend and caused ... [full story]
811 times read - No comment posted

Mar 20,2009
As the American economy continues to deteriorate and U.S. exports decline sharply, the rumblings of a self-inflicted trade war are starting to be heard. This is an ominous turn for President Barack Obama, who started the trade dispute by signing a bill to prohibit Mexican trucks on U.S. highways outside of a 20-mile zone along the border — in glaring violation of the North American Free Trade Agreement. In retaliation, Mexico has announced it will ... [full story]
1173 times read - No comment posted

Mar 20,2009
General Motors Corp. and Chrysler LLC appear to be getting something they really need from the Obama administration: a little breathing room. The clock is ticking toward the March 31 deadline for the automakers to prove their viability to the federal government. That means renegotiating labor contracts, restructuring debt and making new deals with suppliers. But leaders of President Barack Obama's auto task force now say that deadline isn't likely to be enforced, taking away ... [full story]
872 times read - No comment posted

Mar 20,2009
Let us consider the "n" word: nationalization. It's been said that the federal bailout of financial institutions isn't — heaven forbid — that. But, we were told, it was something akin to putting taxpayer skin into the game. AIG has been bailed out by the federal government to the tune of about $170 billion. For that, the federal government is said to "own" about 80 percent of the firm's holding company. Yet this taxpayer stake ... [full story]
640 times read - No comment posted

Mar 18,2009
One of the most successful peace-making efforts in modern history is at a crossroads. Dissident republicans have killed two British soldiers and a police officer in Northern Ireland in recent days, hoping to destabilize the power-sharing provincial government in Belfast. No soldiers had been killed in Northern Ireland since 1997, and the last murder of a policeman occurred in 1998, the year the Good Friday peace accord was signed by Protestant and Roman Catholic political ... [full story]
1517 times read - No comment posted

Mar 18,2009
"I believe in the profession of journalism ... I believe that the public journal is a public trust; that all connected with it are, to the full measure of their responsibility, trustees for the public; that acceptance of a lesser service is a betrayal of this trust." So begins "The Journalist's Creed," written in 1914 by Walter Williams, who six years earlier had founded the nation's first college school of journalism at the University of ... [full story]
1132 times read - 1 comments posted

Mar 18,2009
Authorities say there are many fewer illegal immigrants crossing the U.S.-Mexico border than there used to be. It's a significant turn of events. But let's not mistake it for a solution to our immigration problem. The U.S. Border Patrol recently reported that arrests along the U.S.-Mexico border in the last five months were down 24 percent from the same period last year. From October 2008 to February 2009, the Border Patrol says it arrested 195,399 ... [full story]
1854 times read - No comment posted

Mar 18,2009
The great screenwriter William Goldman once wrote, apropos of the movie business, that "Nobody knows anything. Not one person in the entire motion picture field knows for a certainty what's going to work. Every time out it's a guess." The longer the nation's economic crisis goes on, the more apparent it becomes that nobody knows anything about it, either. We're not the first to make this observation, but the events of the past week underscored ... [full story]
1009 times read - No comment posted

Mar 16,2009
President Barack Obama's announcement Monday that he was moving to restore scientific integrity to government policy-making was an obvious shot at his predecessor. The administration of George W. Bush was routinely accused — sometimes fairly, sometimes not — of letting politics take precedence over scientific findings. But as with several other pronouncements of Obama's young presidency, it is sharply at odds with another of his administration's actions. We refer to one of the many underreported ... [full story]
897 times read - No comment posted



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