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Around the Web in 80 Seconds, 12.30.08
The Latest on Air America —
The Financial Times reports on the last day of trading on the Nikkei, which had its worst-ever year , shedding more than 40% of what makes it exist. For the record, it was up slightly. Divorcing couples are battling over who keeps the house , but with many in upside-down mortgages the argument is about who has to keep Sarah Palin's daughter becomes a baby mama . Open Left's Chris Bowers gets real about the stimulus package, and just how progressive we are as a nation. On the Bowers Progress-O-matic? Meh. Here's Rachel on the weather and then with Nobel Laureate Paul Krugman, who discusses Obama's stimulus package: RNC Chair candidate ...
We’re the Feds: How to Keep Hooverism from Hocking the Country
Firedoglake —
Krugman underlines the outbreak of Hooverism in state budgets. States can't tax, because corporations and the wealthy can move their point of presence for the cost of a tax break and a post office box. Part of Reagan's plan was what cartoonist Feiffer presciently called "The New Feudalism." ...
