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The Meltdown (Part III)
What does it mean that the Dow closed below 10,000 today -- returning to levels first seen nearly a decade ago, in early 1999? Many interpret it to mean that the stock market is finally reacting to the credit crisis. A more accurate assessment is that it's finally catching up to the consumer ...
POLITICS: The Integrity Gap, Part II of III: Sen. Barack Obama
baseballcrank.com — In Part I of this series on the "Integrity Gap" between the two national tickets, I looked... at Governor Sarah Palin's record of integrity in public office - her battles against corruption and wasteful spending, even by the powers controlling her own ... (more) POLITICS: The Integrity Gap, Part II of III: Sen. ...
Presidential Debate III: 'This Time Its Personal'
Presidential Debate III: 'This Time Its Personal'
bradblog.com — For the last time this year, in theory, a Presidential Debate open thread. Share your thoughts during... and after in comments below. I'll be on WBAI/Pacifica (99.5FM in NYC, streaming here ) right after the debate, for post-game analysis. Listen ... (more) Presidential Debate III: 'This Time Its Personal'
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Markets Still Collapsing
BlueOregon — ... you want to remember Robert Shiller’s classic real-time study of the 1987 crash. Basically, the crash had nothing to do with any news item. Investors sold because — drum roll! — prices were falling. On a separate note, one good thing is that there haven’t been any reports of people on Wall Street jumping out of windows. That’s because the windows in modern office buildings don’t open. Robert Reich added this: After the market closed today, Bank of America announced a significant deterioration in people's ...

“It’s just nonsense”
HorsesAss.Org — ... the Community Reinvestment Act of 1977. Their argument isn’t wrong in the sense that it’s a serious engagement with the situation that happens to be less empirically sound than competing theories. It’s just nonsense. And this isn’t a time when we can afford governance powered by nonsense. We need governance by people who understood the magnitude and nature of the problem, and have some idea how to go forward fixing it. And as Robert Reich put things last week: For years, regardless of the business cycle, American ...

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