WHO'S PRICING WHO

post from Ezra Klein on 23 March 2009 02:31:00 PM. © Ezra Klein

The theory of this plan seems to be that we need need need the private sector to price these assets. But the guts of the proposal belie that. Indeed, as I wrote earlier, it almost looks as if the government is laundering its own price through the private[...]

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WHO'S PRICING WHOM

post from Ezra Klein on 23 March 2009 02:31:00 PM. © Ezra Klein

The theory of this plan seems to be that we need need need the private sector to price these assets. But the guts of the proposal belie that. Indeed, as I wrote earlier, it almost looks as if the government is laundering its own price through the private[...]

Read The Full Article:
http://www.prospect.org/csnc/blogs/ezraklein_archive?month=03&year=2009&base_name
=whos_pricing_who

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The Empire Strikes Back, again

post from AMERICAblog News| A great nation deserves the truth on 23 March 2009 02:29:00 PM. © AMERICAblog News| A great nation deserves the truth

What is calling Wayne Outten to the dark side? Is he the attorney that helped write contracts for the spoiled bunch at AIG or is he just waiting to cash in on lawsuits when the poor little lambs lose their bonuses? Maybe he's just a complete ass and it's as simple as that. Hard to say. It's everything you would expect from CNBC and their Wall Street apologist friends who collectively ignore that sitting on the edge of bankruptcy and staying on the right side. Funny how $183 billion from the government and bankruptcy can be ignored so easily.

When people like Wayne ignore this uncomfortable fact, it only encourages people to demand actual bankruptcy which would then toss out all of those comfy bonuses, not to mention jobs. Excuse-makers like Wayne are the reason why Americans detest AIG. Read the article if your feeling a little too calm or you would like to hear yet another PR campaign spin by AIG, lobbyists and friends of AIG.

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http://feedproxy.google.com/~r/Americablog/~3/7svIowmqx4M/empire-strikes-back-aga
in.html

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Paying Poor Kids to Improve

post from Everyday Citizen on 23 March 2009 02:24:59 PM. © Everyday Citizen

Washington D.C. has a program that offers cash incentives to kids who "go to class, get good[...]

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Dead Ideas

post from TPMCafe on 23 March 2009 02:19:00 PM. © TPMCafe

This week at Cafe we have Matt Miller with us, book clubbing on The Tyranny of Dead Ideas: Letting Go of the Old Ways of Thinking to Unleash a New Prosperity. In it he dissects a series of conventional ideas - on education, free trade, health coverage, taxes - that are out of date and threaten our nation. From Matt's opening post (to go up shortly):

The book is about how we get trapped in old ways of thinking that end up really hurting us -- about the threat now posed to our economy by the things we think we know. Look at the last 18 months and you'll see how this explains much of what's happened. The failure to explode a Dead Idea -- that Financial Markets Can Regulate Themselves -- got us into today's economic ditch (as even Alan Greenspan, the chief apostle of that perverse notion, now admits).

Matt Miller is co-host of public radio's Left, Right & Center, a senior fellow at the Center for American Progress, and author of The Two Percent Solution.

Joining him are Robert Litan, expert on antitrust, banking, and internet policy at the Brookings Institution and Kauffman Foundation; Justin Fox, business and economics columnist for TIME Magazine; Jeff Madrick, editor of Challenge Magazine; Philip Howard, author of The Death of Common Sense and founder of Common Sense; Michael Shellenberger, president of the Breakthrough Institute.

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'Punch Drunk' Remark Is Disrespectful Distraction
du Jour, Meant To Slow Down Obama

post from BuzzFlash.org - Progressive News and Commentary with an Attitude | Fight Ignorance: Read BuzzFlash on 23 March 2009 02:16:22 PM. © BuzzFlash.org - Progressive News and Commentary with an Attitude | Fight Ignorance: Read BuzzFlash

A BUZZFLASH NEWS ANALYSIS
by Christine Bowman

BuzzFlash thinks Steve Croft wrongly "dissed" the President of the United States Sunday when he asked him on "60 Minutes," "Are you punch drunk?" Did any mainstream, corporate-paid, "serious" journalist ever ask President Bush that kind of insolent question? Not that we ever heard of.

Only rarely did any journalist even come back at Bush with a challenging follow-up question, and only the bravest comic in the land dared to insult the grudge-holding, loyalty-obsessed George W. Bush to his face.

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Exactly what is Tim Geithner proposing

post from Where's the Outrage? on 23 March 2009 02:15:15 PM. © Where's the Outrage?

Paul Krugman, Nobel prize-winning economist, doesn’t like what he hears. Over the weekend,[...]

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Do Both Parties Have the Wrong Answers to the
Economy

post from The Strange Death of Liberal America on 23 March 2009 02:13:32 PM. © The Strange Death of Liberal America

Lawrence Summers and Timothy Geithner are back in America’s good graces again, which is a shame because they helped to create the mess. The only one missing from this circle of redemption is Robert Rubin, who after playing a key role in causing the present economic crisis proceeded to screw up Citigroup as special counsel [...]

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Mid-Day News Roundup

I'm just getting to the news today. Here's what I'm reading:

Matt Lauer hit a deer on his bicycle and flew over the handlebars, separating his shoulder. Ouch.

Question: Why is the news reporting the deer hit Lauer instead of the other way around, and is there a report that mentions what happened to the deer? I hit a deer driving my Jeep once just outside of Aspen at dusk. It darted across the road. Totally destroyed the front of my car, but the saddest thing was watching the deer limp away, I'm sure it broke a leg. I've always wondered what happened to it -- did it just die, did someone shoot it to put it out of its misery? Anyway, sending good thoughts Lauer's way, surgery for a dislocated shoulder isn't fun.

More newspapers in trouble. Today, it's the 174 year old Ann Arbor News.

Stocks are up after Treasury Secretary Tim Geithner's announcement of details of the latest financial plan.

[More....]

Finding love at 60. Blogger and Law Prof Ann Althouse is getting married -- to a man she met in the comments section of her blog. Congrats to Ann and Meade, but trading Madison for Cincinnati? Guess that's love.

Fired CU professor Ward Churchill may take the stand today in his civil trial against CU for wrongful termination. For live-blogging, see Race to the Bottom (by law students and profs attending the trial) and the Boulder Daily Camera.

Closing arguments begin today in Phil Spector's murder retrial. The jury will have another option this time around: Involuntary manslaughter, that carries a possible sentence of 2 to 4 years.

Your turn, what news are you following today?

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Top Comments: A selection worth reading.......
With updates

From the Daily Kos thread, here are a few comments that struck me.I am going to keep adding more, rolling updates, I believe ek calls it. Especially ones that contain some form of solution. A good record I think.General Smedley Butler (US Marines) said[...]

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