Lessons from the credit bubble
America Blog Jul 02 09Shares in banks may be have been ever so slightly ahead of the norm in this most recent run. The unrealistic expectations both from the banks as well as the buyers fed this distorted growth. The expectations fed the drive to use an increased amount of leverage which as we well know, is great on the way up but costly on the way down. We are on the way to better regulation but that too will take some time and will require constant attention and flexibility to change. The Bank of England and other world financial organizations are dissecting the recent rise and fall and reflecting on what needs to change. Full story...
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Krugman: Obama faces his own Anzio
America Blog 4 hours agoAnother great read by Paul Krugman. Obama's cautious approach to the economic crisis may lead the way for Democratic losses in 2010.
Male GOP House members try to block women from speaking
America Blog 6 hours ago A group of male GOP House members, just tried to repeatedly block a group of female Democratic House members from speaking on the House floor.
Even as Dioceses file bankruptcy over sex abuse cases, Catholic Bishops threaten to undermine health insurance reform
America Blog 8 hours agoNot happy with just ruining the lives of same-sex couples in Maine this week, the Catholic Bishops are trying to bring down health insurance reform in the House over the abortion issue.
Moldy Peaches
America Blog 12 hours ago So much great music from the Juno soundtrack and I love Kimya Dawson. It's the perfect tune for getting started on a lazy Saturday morning.
Iranian student criticizes Ayatollah Khamenei in person
America Blog 14 hours agoThe exchange was recorded and was first published on Khamenei's website. Lots of talk about this story but for now, it's more a mystery that will be answered later.
Underwater kites for energy
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NBA and NHL teams also in front of others for H1N1 vaccine
America Blog 20 hours agoFirst Wall Street and now the millionaire athletes. Most in need or most in greed?
Ontario health minister Deb Matthews vowed Thursday to investigate whether Toronto’s NBA and NHL players jumped the line for the swine flu shot while other groups are being forced to wait as the province’s supply dwindles.
UBS traders dumped losses on clients
America Blog 22 hours agoObama really needs to find better people to golf with besides CEOs from companies like this. What is also interesting to note here is that yet again, here is a big player who has been caught yet we're not seeing a perp walk.
Tancredo storms off set after Markos takes him down
America Blog 23 hours agoOh my God. This is priceless video. Just happened a short while ago.
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