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Archive for March, 2009

Strange Signals From Obama Advisers Regarding The Dollar

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Barack Obama, Credit Crisis, Economics, Politics

As I noted earlier this week — here and here — both Russia and China have sent none-too-subtle signals that they are interested in talking about creating a new reserve currency to replace the dollar.
Today, we’ve gotten some strange signals from Obama Administration advisers about this very issue.
First, Austen Goolsbee, Obama’s economic adviser, said [...]

What We Need In Congress Is A Guy Like Daniel Hannan

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Politics

Daniel Hannan has been a Member of the European Parliament representing Southeast England since 1999 and he’s become rather well-known today for this dressing down of British Prime Minister Gordon Brown at the European Parliament in Brussels:

Incidentally, Hannan dressing down Brown in part for the fact that he has left Britain with a deficit equal [...]

Dead Tree Media Die Off Accelerates In Michigan

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Business, Economics, Internet, Media, Technology

It’s been a rough couple of months for the newspapers in Michigan.
Back in December, both of Detroit’s dailies cut back significantly on home delivery, and today we learned that four cities in Michigan will be without a newspaper completely:
Daily newspapers will become a thing of the past for readers in four Michigan markets, with issues being [...]

Big Trouble In The Bond Markets

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Barack Obama, Credit Crisis, Economics, Politics

Two stories from two different sides of world today seem to indicate that we’re going to have to pay a price for all this deficit spending.
First, the United Kingdom had a bond auction today; except they ran into a problem when nobody wanted to buy:
Today, the UK suffered a failed auction for the first time [...]

Peter Schiff: We’re Headed For An Inflationary Depression

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Credit Crisis, Economics, Politics

Sobering words from one of the few people to foresee the economic crisis:

Hey AIG, Take This Job And Shove It

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Credit Crisis, Economics, Politics

Jack DeSantis was a former executive Vice-President at American International Group and among those people who received the now-infamous bonuses.
Before he left, he delivered quite a parting shot to his employer:
It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this [...]

Republicans Against Property Rights

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Individual Liberty, Politics, Property Rights, Republicans

Mississippi Governor Haley Barbour has vetoed a bill designed to restrain Kelo-type takings:
Mississippi Gov. Haley Barbour says he’s vetoing a bill that would limit the use of eminent domain because it would hurt the state’s ability to lure economic development projects.
The bill would’ve prevented the government from taking land for private projects. Barbour said Monday [...]

Blockbuster Surrenders To The Digital Age

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Internet, Technology, TiVo

Very soon, Blockbuster will be offering it’s movies available on demand via TiVo:
With its lingering debt problems resolved for now, Blockbuster is pinning some of its hopes on a digital future.
The struggling video rental chain will announce a partnership with TiVo on Wednesday to deliver Blockbuster’s digital movie library over the Internet directly to the [...]

Alexandria Residents: Don’t Turn Us Into Gitmo North

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Legal, Virginia, War On Terror

Not surprisingly, residents of Alexandria aren’t too thrilled with the idea that prisoners from Guantanamo Bay might be headed their way:
An outcry is growing in Alexandria over a prospect no one seems to like: terrorist suspects in the suburbs.
The historic, vibrant community less than 10 miles from the White House markets itself as a “federal [...]

Federal Judge Reprimands Attorney For Obama Birth Truthers

by Doug Mataconis @ Wednesday, March 25th, 2009. Filed under Barack Obama, Legal, Obama Derangement Syndrome, Politics

As I noted earlier this month, Judge James Robertson dismissed one of the latest efforts to bring the issue of Barack Obama’s eligibility to serve as President before the courts. At the time, Judge Robertson also ordered the local attorney who had filed the suit on behalf of Obama birth truther Philip Berg to explain [...]

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