It was either this or a catastrophic bankruptcy that would have rippled through the economy. For the first time in US history, the Federal Reserve has placed an insurance company in conservatorship. The deal roughly calls for the Federal Reserve to assume 79.9 percent of AIG's equity while lending the insurance giant $85 billion to continue operations under Federal control. … [Read more...] about Fed bails out AIG with $85 billion loan
Quote of The Day: Have McCain And Palin Peaked?
The political quote of the day comes from former Democratic strategist Robert Shrum who contends the GOP Presidential campaign ticket of Sen. John McCain and Gov. Sarah Palin may have peaked. A word first about Shrum. He has been a favorite TMV whipping boy since we started the blog in 2003 due to his poor track record in winning campaigns. Our first wisecrack about him came … [Read more...] about Quote of The Day: Have McCain And Palin Peaked?
Wall Street Bull Yuck
Daryl Cagle, MSNBC.com … [Read more...] about Wall Street Bull Yuck
‘Markets Predicting that Obama will Suffer Same Fate as Gore in 2000’ – The Financial Times
We at WORLDMEETS.US don't often post unedited and untranslated English-language links on the Moderate Voice, but I thought people on the MV would find this particularly interesting. John Authors of Britain's Financial Times, who records a VIDEO on weekdays giving a roundup of the day's Stock Market action, says that the markets are now predicting another cliffhanger election … [Read more...] about ‘Markets Predicting that Obama will Suffer Same Fate as Gore in 2000’ – The Financial Times
Smearing Barack By ‘Helping’ His Half-Brother: The Daily Nation, Kenya
This of course is merely a rhetorical question: Does Dinesh D'Souza, one of the rightest-right-wing activists in America today, really want to help Barack Obama's Kenyan half-brother out of a life of poverty, or does he simply want to to embarrass the Democratic Presidential nominee? According to Philip Ochieng of Kenya's Daily Nation, the answer is clearly the latter - and … [Read more...] about Smearing Barack By ‘Helping’ His Half-Brother: The Daily Nation, Kenya
Crash
Pat Bagley, Salt Lake Tribune … [Read more...] about Crash
America’s Bank Crash: A Great Leap in the Dark – Financial Times Deutschland
Anyone on this planet with a TV or radio knows, Wall Street and the world are experiencing a kind of banking cataclysm, with some of the most venerated and successful investment banks disappearing almost overnight. So what does it all mean? According to this editorial from the Financial Times Deutschland - and many other English-language articles we have already posted on … [Read more...] about America’s Bank Crash: A Great Leap in the Dark – Financial Times Deutschland
Wall Street
David Fitzsimmons, The Arizona Star … [Read more...] about Wall Street
Gallup And Rasmussen Tracking Polls: Obama McCain Race A Tie
Two key polls find the race between Republican Sen. John McCain and Democratic Senator Barack Obama for the White House is now effectively a dead heat -- placing American once again smack-dab in the middle of an election season with an almost evenly divided electorate. And a slew of other polls from several important states continue to show McCain on the upswing -- and Obama … [Read more...] about Gallup And Rasmussen Tracking Polls: Obama McCain Race A Tie
First Al Gore Invented The Internet
And now we learn that John McCain "helped create" the BlackBerry. NO JOKE. (Perhaps he meant the raspberry?..) … [Read more...] about First Al Gore Invented The Internet
Special Report: Voter Defiance in the Missouri Bellwether
A lifelong resident of the St. Louis area, I collaborated with Justin Gardner on research and interviews for the following article. Justin lives and works in the Kansas City area and occasionally contributes here. He is also the founder and publisher of Donklephant. ----------------------------------- ST. LOUIS -- Other than his years at law school in Washington, D.C., … [Read more...] about Special Report: Voter Defiance in the Missouri Bellwether
Richard Wright (1943-2008)
Below are my personal reflections on Richard Wright of Pink Floyd, who died yesterday. I originally posted this last night at The Reaction, where I also put up photos and videos. If you're interested, go take a look. And share your thoughts here or there. ********** Richard Wright, a founding member of Pink Floyd and the band's long-time keyboardist, died yesterday at the … [Read more...] about Richard Wright (1943-2008)
John McCain’s P.R. Mistake
Someone in McCain camp might take Senator John McCain aside for a little chat -- or perhaps meditation. In a week when the mainstream news media is starting to pile on McCain for a growing credibility gap and when Wall Street's national financial catastrophe has overshadowing the Sarah Palin issue(s) McCain is showing signs of being a candidate who in danger of shooting … [Read more...] about John McCain’s P.R. Mistake
Troy Anthony Davis: Georgia set to kill any chance to correct a death penalty injustice
Convicted of the 1989 killing of a Savannah police officer, Troy Anthony Davis is scheduled to be put to death in Jackson, Georgia at 7 p.m. on September 23. There is real reason to believe that he is being penalized for maintaining his innocence. He was denied clemency just six days before his Supreme Court hearing. He now faces near-certain death. Mary Jean Goode, a … [Read more...] about Troy Anthony Davis: Georgia set to kill any chance to correct a death penalty injustice
McCain & Palin Apologists Jump The Shark
The state of political discourse in the U.S. was not exactly robust as the Age of Bush dawned, but the downward spiral of the last eight years has been something to behold. And I don't believe that we have reached bottom yet. That would be when and if John McCain and Sarah Palin are elected not on the basis of a substantive discussion of the problems that are wracking … [Read more...] about McCain & Palin Apologists Jump The Shark
World Economy: Dangerous Phase Ahead
Although US President George Bush and Henry Paulson, the US Treasury Secretary have stated that "Washington was committed to minimising the impact of the painful economic shifts of the present crisis", the shock resulting from the abrupt demise of the Lehman Brothers investment bank sent the world share market into a nasty downward spin. A recent report says that "Asian … [Read more...] about World Economy: Dangerous Phase Ahead
McCain Palin Wall Street Report
Mike Lane, Cagle Cartoons … [Read more...] about McCain Palin Wall Street Report
‘When Will Iraqis Realize that the Enemy is Iran and Not Israel?’: Kitabat of Iraq
Once again, the inimitable Khadir Taahar has thrown a textual grenade into the Iraqi body politic by suggesting to his readers that - horror of horror - Israel would be a far better friend to Iraq than Iran ever will be. Again, I remind people that Taahar, who writes for Iraq's Sunni-leaning Kitabat newspaper, is responsible for previous articles we have translated, such as, … [Read more...] about ‘When Will Iraqis Realize that the Enemy is Iran and Not Israel?’: Kitabat of Iraq
And Now AIG is On the Brink
The Federal Reserve is working to encourage JP Morgan and/or Goldman Sachs to float $75 billion to troubled insurer American International Group (AIG). Earlier this evening, bond rating firms downgraded AIG, forcing the company to come up with the money to stay solvent. AIG won the right to borrow $20 billion from its subsidiaries earlier today, but that did little to solve … [Read more...] about And Now AIG is On the Brink
Sabato’s Crystal Ball: OBAMA’S NEW LOOK AT THE MAP
Sabato's Crystal Ball's Rhodes Cook on OBAMA'S NEW LOOK AT THE MAP This is the time of the presidential campaign for "game-changing" moments, whether it is a huge outdoor acceptance speech in the shadow of the Rocky Mountains or the vice presidential selection of a largely unknown young female governor from Alaska. It is a potentially pivotal time in an historic … [Read more...] about Sabato’s Crystal Ball: OBAMA’S NEW LOOK AT THE MAP