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Tag: Not For Profit

Making the Bailout Less Toxic

The initial failure to pass bailout legislation reflected a political system as bereft of confidence as the financial markets.

Posted on Oct 1, 2008 READ MORE


The Next President’s Supreme Legacy

The 44th president could replace as many as three of the four moderate and liberal justices of the Supreme Court. You do the math. If Obama is elected, the court will stay pretty much the way it is. If McCain is elected, Katie bar the door.

Posted on Oct 1, 2008 READ MORE


Sarah Palin the Sideshow

There is something about Sarah Palin that gnaws at me, and it isn’t that the Republican vice presidential nominee has wilted under the soft light shone upon her by CBS’ Katie Couric.

Posted on Oct 1, 2008 READ MORE


Debate Preview: Biden and Palin Answer ‘Vice Presidential Questions’

CBS asked the two VP candidates (roughly) the same questions about Roe v. Wade and the separation of church and state. As you might imagine, their answers differ, both in content and coherence. Palin’s apparent unfamiliarity with the Supreme Court had the rumor mill buzzing for days prior to the release of this interview.

Posted on Oct 1, 2008 READ MORE



Flickr / Qfamily

Bailout Bill Skates Through Senate

Well, that was easy: While the House had to contend with round-the-clock negotiations and a last-minute revolt, the Senate just threw more money at the problem. That was enough for 74 lawmakers to say yes to the $810-billion package. The House will take another crack at it on Friday.

Posted on Oct 1, 2008 READ MORE



White House / Susan Sterner

Senate Fattens Up Bailout Package

The House couldn’t swallow the $700-billion bailout proposal, so the Senate added about $100 billion of incentives—mostly in the form of tax cuts. The Senate will vote on the proposal tonight and the House could decide as early as Friday whether $700 billion is too much, but $800 billion is just about right.

Posted on Oct 1, 2008 READ MORE


McCain Steals Another Obama Cliché

First John McCain hopped on the change bandwagon, and now he sounds like he gave the keynote speech at the 2004 Democratic convention. The money quote in this new ad is better in the original Barack Obama.

Posted on Oct 1, 2008 READ MORE


Invasion of the Sea-Smurfs

If the economy does collapse, if people can’t go down to the bank to withdraw their savings, or get cash from an ATM, there may be serious “civil unrest,” and the 3rd Infantry Division’s 1st Brigade Combat Team may be called upon sooner than we imagine to assist with “crowd control.”

Posted on Oct 1, 2008 READ MORE


McCain Categorically Rejects Criticism of Palin

During an interview with The Des Moines Register, a miffed John McCain reiterates his fundamental disagreement with and categorical rejection of the idea that Sarah Palin is somehow unqualified to be a heartbeat away from the presidency. Maybe he just hasn’t seen this, this, this or this.

Posted on Oct 1, 2008 READ MORE


Quit Stalin
people.com.cn

Georgia ? Stalin

With Georgia on the U.S. mainstream media’s map after its recent war with Russia, a new interest in Georgian history and politics seems to have come to life, especially concerning the cult of personality that Stalin still leads in his native land.

Posted on Oct 1, 2008 READ MORE


PROSECUTORGATE!
Washington Post / Melina Mara

Investigation Into Prosecutor Firings Is Dampened

Continuing investigation of the 2006 firings of nine federal prosecutors has uncovered new leads that directly involve White House staff and lawyers in the scandal. The unsurprising kicker is that Bush administration officials refuse to talk further about their role in the firings, and key documents have been redacted to a level “virtually worthless as an investigative tool.”

Posted on Oct 1, 2008 READ MORE


If at First You Don’t Get North Korea to Disarm ...

While Americans from the president on down were preoccupied with the financial meltdown, the disarmament deal with North Korea was quietly falling apart. Actually, talks with the nuclear hermit state have been on the rocks for some time, and have only grown more complicated since Kim Jong Il went MIA.

Posted on Oct 1, 2008 READ MORE



cbsnews.com

Katie Couric Is Ready for Her Close-Up

It’s been a rough couple of years for the anchor of the last-place network newscast, but Katie Couric managed to silence many of her critics this week with an interview series that not only got a lot of attention, but scored points for her tough but fair style.

Posted on Oct 1, 2008 READ MORE


Palin

Couric Stumps Palin With Question About Reading

Katie Couric asked Sarah Palin about a number of controversial topics during the latest installment of her interview—evolution, abortion, homosexuality—but the VP nominee appeared to have the hardest time when pressed to say what newspapers and magazines she has read: “Um, all of them, any of them that have been in front of me all these years.”

Posted on Sep 30, 2008 READ MORE


NYSE
AP photo / Henny Ray Abrams

Boston Tea Party, 2008

How dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of the fear-mongering pundits and politicians who tell us if we taxpayers don’t instantly give the Wall Street banking bandits a $700-billion bailout, we are destroying America.

Posted on Sep 30, 2008 READ MORE



npr.org

Unions Unleash the Troops for Obama

The nation’s most powerful labor unions are ratcheting up their efforts to elect Barack Obama with massive voter outreach campaigns. Both SEIU and the AFL-CIO have said this year’s efforts will be their largest voter mobilization campaigns ever.

Posted on Sep 30, 2008 READ MORE


Pelosi speech
youtube.com

Republican House Members Say Pelosi’s Speech Didn’t Sway Them

Despite House Minority Leader John Boehner’s claim, backed up by other Republicans in Congress, that the bailout bill might have passed were it not for meddling House Speaker Nancy Pelosi’s bombastic speech on Monday, others from within GOP ranks beg to differ.

Posted on Sep 30, 2008 READ MORE


Blame Game

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Posted on Sep 30, 2008 READ MORE


The Liberator

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Posted on Sep 30, 2008 READ MORE    


Chamunda Devi stampede
bbc.co.uk

More Than 140 Killed in Stampede at Indian Temple

At least 147 people were killed and many more wounded when a wall collapsed at the Chamunda Devi temple in Jodhpur, India, setting off a stampede of devotees there to observe the Hindu Navaratra festival on Tuesday.

Posted on Sep 30, 2008 READ MORE



commons.wikimedia.org

McCain Campaign Challenged by Economic Crisis

John McCain’s bid to put his campaign on hold in order to wing his way to Washington last week was intended to make him seem ready for action in a crisis but may have resulted in a “political dead end” for the Arizona senator after Monday’s bailout bomb, according to the Associated Press.

Posted on Sep 30, 2008 READ MORE



Flickr / IowaPolitics.com

Politico: Biden Will Go Soft on Palin

A campaign source tells the political rag that Joe Biden will avoid roughing up Sarah Palin during the debate Thursday, focusing his energies instead on John McCain. That might have something to do with a new poll, which suggests that most people think Biden will prove to be much more knowledgeable, but much less likeable.

Posted on Sep 30, 2008 READ MORE


Colbert

‘Colbert Report’: McCain Courts the Reptile Vote

Choosing the winner of the first presidential debate proved to be a tough call, but Stephen Colbert has a few ideas about how to settle the issue, starting with John McCain’s staggering insights about the differences between various Asian populations around the world—and ending with the electrifying moment when McCain “reached out to the key swing vote ... reptiles!”

Posted on Sep 30, 2008 READ MORE


Palin Says She’s ‘The New Ideas’

CBS continues to ration out the Sarah Palin morsels to a nation eager to know and see more. In this clip, the Alaska governor defends her joke about Joe Biden’s age by saying, “You know, I’m the new energy, the new face, the new ideas and he’s got the experience based on many, many years in the Senate. ...”

Posted on Sep 30, 2008 READ MORE


Colbert and Spidey
ccinsider.comedycentral.com

Colbert Gets Graphic in ‘Spider-Man’ Cameo

It may sound like an impossible feat to appear in a popular superhero series without even having to physically show up for the job, but that’s just what Comedy Central pseudo-pundit Stephen Colbert has pulled off by lending his name and likeness to Marvel Comic’s “Amazing Spider-Man” #573.

Posted on Sep 30, 2008 READ MORE


Palin Responds to Controversy, Says She’s Ready, Willing and Able

And if that’s not enough for you, you just have to see John McCain compare Sarah Barracuda to Ronald Reagan and Bill Clinton.

Posted on Sep 30, 2008 READ MORE


McCain Is Guilty Enough

Americans are reluctant to make John McCain pay for George W. Bush’s sins, but with so many crises on so many fronts, the country can’t afford to cut him any slack.

Posted on Sep 30, 2008 READ MORE


From Fired U.S. Attorneys to Sarah Palin

A new internal report confirms our fears about the politicization of the Justice Department. That same contempt for government can be found in the current financial crisis as well as the meteoric rise of the former mayor of Wasilla.

Posted on Sep 30, 2008 READ MORE



Antônio Milena / ABr

Israel PM: ‘The Time Has Come to Say These Things’

Israeli Prime Minister Ehud Olmert isn’t exactly popular these days. Forced to resign in disgrace, it may have been with the weight of politics leaving his shoulders that he let loose during an interview with an Israeli newspaper. Among other revelations, Olmert said his country was stuck in a 1948 mind-set and must now give up virtually all contested territory—including Jerusalem and the West Bank.

Posted on Sep 29, 2008 READ MORE


Dept. of Education
flickr.com/mcoughlin

Banking Collapse Lands on America’s Schools

One of the worst casualties of the Iraq war and the Wall Street failures is the U.S. public school system, which is central to the nation’s economic, intellectual and social health. With financial resources being consumed, education cuts are on the way. Thank you, John McCain and President George W. Bush.

Posted on Sep 29, 2008 READ MORE


Palin and Zardari
AP photo / Henny Ray Abrams

Fatwa Issued Against Pakistani President for ‘Flirting’ With Palin

Tina Fey, in character again as Sarah Palin for last weekend’s “Saturday Night Live,” made light of how the Republican vice presidential candidate was “literally” embraced by “a couple of them Pakistani guys” she met at the United Nations last week. Unfortunately for Pakistani President Asif Ali Zardari, though, the prayer leader of Islamabad’s Red Mosque isn’t laughing about Zardari’s encounter with Palin last Thursday.

Posted on Sep 29, 2008 READ MORE


Bush Favors Bankers Over Soldiers

By grotesque mischance, $700 billion—the cost of George Bush’s Wall Street rescue plan—is about the same figure the president has squandered on his preposterous war in Iraq, the war we have now apparently “won” thanks to the “surge.”

Posted on Sep 29, 2008 READ MORE


Obama
AP Photo / Alex Brandon

Obama Has the Edge After First Debate

Even though the American mainstream media pronounced Friday’s presidential debate between Barack Obama and John McCain a draw, the UK’s Guardian newspaper tallied up some poll results and found that Obama has gained an edge over McCain as the candidates head into their final month of campaigning.

Posted on Sep 29, 2008 READ MORE


Petraeus Speaks
boston.com

Petraeus: Pakistan Facing ‘Existential Threat’

According to Gen. David Petraeus, Pakistan could be heading for a crisis that would shake the already volatile nation to its foundations if its leaders, including newly installed President Asif Ali Zardari, do not find a way to deal with the growing issue of militant violence.

Posted on Sep 29, 2008 READ MORE


Zakaria on Palin

Zakaria Calls Palin ‘Utterly Unqualified’ for VP Post

Calling Sarah Palin’s recent interview with CBS anchor Katie Couric “the last straw,” Newsweek editor and columnist Fareed Zakaria tells Wolf Blitzer on Monday’s episode of “The Situation Room” that it’s not a matter of Palin not giving the right answer when faced with a complex question about the economy or foreign policy, “it’s that she clearly does not understand the question.”

Posted on Sep 29, 2008 READ MORE



montage: White House / Wikimedia Commons

Robert Scheer on the Bailout Bomb

The Dow dropped more than 777 points on the news that the House had voted down the $700-billion bailout proposal, so why does our editor think it’s “a great moment for American democracy”?

Posted on Sep 29, 2008 READ MORE


Pelosi

Pelosi: ‘The Party Is Over’

Did Nancy Pelosi’s speech just before the House vote on the proposed bailout on Monday lead to the bill’s demise? Let’s hope our legislators aren’t so susceptible that an 11th-hour speech would reverse their positions vis-à-vis a $700-billion measure. Here’s a clip of the House speaker’s comments on the floor.

Posted on Sep 29, 2008 READ MORE



White House / Eric Draper

House Defies Leadership, Rejects Bailout

When it came to a showdown in the House, the $700-billion bailout scheme was considered to be as toxic as the securities it was supposed to save us from. Democrats and Republicans broke ranks Monday to vote down the measure, 228-205, against the wishes of both parties’ leaders.

Posted on Sep 29, 2008 READ MORE



cbsnews.com

CBS Has More Palin Gold in the Vault

There was so much excitement last week between the bailout showdown and the debate that many people didn’t get a chance to see Sarah Palin’s tailspin interview with Katie Couric. CBS, it turns out, has even more in store. The network will air at least two more embarrassing clips before Thursday’s VP debate.

Posted on Sep 29, 2008 READ MORE


McCain’s Debate Implosion Bodes Ill for His Campaign

September began as John McCain’s month and ended as Barack Obama’s. McCain’s high-risk wagers aimed at shaking up the campaign turned into very bad investments. And Friday’s debate eliminated McCain’s best chance to deliver a knockout blow.

Posted on Sep 29, 2008 READ MORE


Debate Rules

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Posted on Sep 29, 2008 READ MORE    


Catholic Worker protester
desmoinescatholicworker.org

Fueling the Fire of Real Change

The coals of radical social change smolder among the poor, the homeless and the destitute. As the numbers of disenfranchised dramatically increase, our hope, our only hope, is to connect intimately with the daily injustices visited upon them. Out of this contact we can resurrect, from the ground up, a social ethic, a new movement.

Posted on Sep 28, 2008 READ MORE


Over 30 Killed in Baghdad Bombings

A spate of bombings around Baghdad on Sunday killed 34 people, including at least four Iraqi policemen, three soldiers and several civilians shopping in local markets and preparing to break their fasts to mark the end of the holy month of Ramadan.

Posted on Sep 28, 2008 READ MORE


Country First

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Posted on Sep 28, 2008 READ MORE


Pentagon
flickr.com/mindfrieze

The Bailout vs. the Defense Budget

There has been much moaning, air-sucking and outrage about the U.S. government’s $700-billion bailout deal, but in fact we dole out similar amounts of money every year in the form of payoffs to the armed services, the military-industrial complex, and powerful senators and representatives allied with the Pentagon.

Posted on Sep 28, 2008 READ MORE


Gingrich
abcnews.go.com

Gingrich: Bailout Plan ‘Un-American’

Treasury Secretary Henry Paulson certainly has his Democratic detractors, but they aren’t the only ones who have some serious doubts about his controversial $700-billion bailout plan. In an appearance on ABC’s “This Week With George Stephanopolous” on Sunday, former House Speaker Newt Gingrich blasted Paulson’s plan, calling it “un-American” and even opining that Paulson should have resigned.

Posted on Sep 28, 2008 READ MORE


Master's Commission trailer

‘God Is Invading Alaska’

You might think you’re watching a movie trailer when the voice-over kicks in on this promo spot for the Wasilla Assembly of God’s “Master’s Commission,” which a member of Sarah Palin’s former church describes as an “intense discipleship training program.” Although darkness sets in and seems to never let up in America’s northernmost state, the booming voice proclaims, “God has a destiny for the state of Alaska” ... and the world!

Posted on Sep 28, 2008 READ MORE


Fey as Palin

Fey Takes On Palin, Take Two

“Saturday Night Live” alumna Tina Fey returned once again to fulfill her comedic duty on the Sept. 27 episode of NBC’s comedy show, spoofing Alaska Gov. Sarah Palin’s one-on-one interview with CBS anchor Katie Couric earlier in the week. Fey’s fellow “SNL” comedian Amy Poehler dropped her Hillary Clinton act to play Couric in this clip.

Posted on Sep 28, 2008 READ MORE


Obama and McCain debate in Mississippi

Obama and McCain Face Off in First Presidential Debate

Thankfully, Jim Lehrer wasn’t left at the moderator’s podium on Friday, as both Barack Obama and John McCain showed up for their scheduled presidential debate at the University of Mississippi to field questions about the economy and foreign policy.

Posted on Sep 28, 2008 READ MORE


Paulson in negotiations
AP photo / Lauren Victoria Burke

Bailout Deal (Almost) Done

Early Sunday morning brought word that the end of the drawn-out bailout negotiations between warring factions of the federal government might finally be at hand, although the House and Senate had not yet officially approved terms of the proposed plan. Updated

Posted on Sep 27, 2008 READ MORE


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