Archive for September, 2008

Blue Start Gibberish

Monday, September 29th, 2008

The Blue Star Moms seems like a fine organization, but that's no reason to start talking nonsense: Palin responded to a question about the economic recovery plan, which was hashed out overnight. She answered, but she made it clear that she was then going to concentrate on the Blue Star Moms, ...

Palin on Pakistan Strikes

Monday, September 29th, 2008

CBS News' Scott Conroy reports: (PHILADELPHIA) Sarah Palin told a customer at a Philadelphia restaurant on Saturday that the United States should “absolutely” launch cross-border attacks from Afghanistan into Pakistan in the event that it becomes necessary to “stop the terrorists from coming any further in,” a comment similar to the ...

Iraq signs billion-dollar power deals with GE, Siemens

Monday, September 29th, 2008

DUBAI (Reuters) - Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said on Saturday.

Let He Who is Without Blame Cast the First Stone

Monday, September 29th, 2008

Economists must therefore think they are in the clear. ?Economists blame the financial industry, the government....I think there is plenty of blame to go around. ?But I think it's high time that mainstream economists recognize that they are perhaps the most guilty of all.Since the time of Adam Smith( with ...

Fiscal Versus Financial

Monday, September 29th, 2008

Via Brad DeLong, Felix Salmon observes that John McCain doesn't know what kind of crisis we're in: The number of undecided voters who understand the difference between financial and fiscal is minuscule, and the number of those who think that the difference actually matters is probably zero. But from a technocratic ...

Alitalia rescue shifts focus to finding partners

Monday, September 29th, 2008

ROME (Reuters) - Alitalia's prospective owners, with key unions finally backing their rescue plan, say they are shifting their focus to forming a tie-up with either Air France-KLM or Lufthansa and launching the new airline by November 1.

Bank of China says open to Wall Street buys

Monday, September 29th, 2008

TIANJIN, China (Reuters) - Bank of China, the country's largest foreign-exchange lender, is open to buying into U.S. banks in the wake of the global financial crisis, a senior executive said on Sunday.

Ford’s Volvo Cars to expand job cuts: report

Monday, September 29th, 2008

STOCKHOLM (Reuters) - Volvo Car Corporation, owned by U.S. automaker Ford Motor Co , plans to shed up to 1,000 jobs in addition to sweeping cuts already announced, Swedish television reported on Sunday without disclosing its sources.

I Know That You Want The Candy

Monday, September 29th, 2008

Kevin Drum seems to have found this Joe Nocera article about the need to pass the bailout plan quickly convincing. I find it, if anything, anti-convincing. It's emblematic of the continuing efforts of Wall Street's allies to bully opinion leaders into the belief that passing a $700 billion bailout is ...

Iraq signs bln-dollar power deals with GE, Siemens

Sunday, September 28th, 2008

DUBAI (Reuters) - Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said on Saturday.