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Monday Sep 22, 2008

News round up

Monday evening news Roundup


  • For the second straight day, let's start overseas. North Korea is miffed that the United States has not lived up to their obligations in the nuclear nonproliferation Treaty, according to North Korea. It appears that they are beginning to start up their nuclear reactor, again.

  • Record jump in oil prices today as if we don't have enough to worry about.

  • Wall Street seems to be having a difficult time figuring out what Congress is doing, just as I am. The Dow lost 372 points today.

  • An Iraqi top official testified in front of the Senate today. The former chief inspector of Iraq's Commission on Public Integrity told US senators that approximately $9 billion of American reconstruction money had been lost, stolen or misused. $9 billion. That's one third of a Bear Stearns bail out.

  • The New York Times had a large article on Senator John McCain's campaign manager, Rick Davis. McCain with Freddie and Fannie lobby group Rick Davis received approximately $30,000 per month for five years as a president of an advocacy group for Fannie Mae and Freddie Mac. Senator McCain has been hammering Barack Obama on his ties with these loan agencies. The McCain campaign cried foul. They began whining that the New York Times is partial to Barack Obama. Then again, they've been whining on a variety of subjects recently. They just aren't being treated fairly. The New York Times responded with an official statement.

  • Details of the $700 billion loan bailout are slowly emerging. Questions about McCain and his economic decisions are bubbling to the surface. Did he almost bankrupt Arizona with his electric cars? BTW, as long as, we are talking about this bailout, we know that President Bush loves corporate insiders. Well, where did Secretary of the Treasury Henry Paulson come from? Goldman Sachs. He was the former chairman who received $38 million as chairman in 2005. Sweet package. He has surrounded himself with Goldman Sachs ex-employees. Who stands to gain from this corporate bailout? Not Goldman Sachs. Never.

  • The final game of the regular season has been played in Yankee Stadium. I'm not a New York Yankees fan. On the other hand, I do appreciate the history and the significance of Yankee Stadium. The House that Ruth built will be torn down. If it wasn't so big, it should be made into a museum. The new Yankee Stadium was built across the street and will be ready for the New York Yankee home opener in April of 2009.

  • Congratulations to Stephen Colbert and Jon Stewart!!!

Posted by Errington Thompson on Sep 22, 2008 email post email Spotlight / / You are in Budget/ Economy/ Foreign Policy
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