Oct. 9th, 2008

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That’s a Pretty Big Glitch
Published: October 8, 2008

Election officials, who will have plenty on their minds on Nov. 4, have one more thing to worry about: Diebold electronic voting machines that drop votes. Ohio’s secretary of state raised the alarm after local officials reported problems with the March primary count. Diebold has since notified more than 30 states to be on the lookout for missing votes. More
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One Man’s Crony ...
Published: October 8, 2008

In Tuesday night’s debate, Senator John McCain denounced Senator Barack Obama and his “cronies” for receiving campaign money from Fannie Mae and Freddie Mac. It was odd to hear him denounce lobbyists, whom he once called “birds of prey,” particularly for those two mortgage companies.

By that standard, Mr. McCain is living in a virtual aviary with, among others, his campaign manager and his White House transition planner, bona fide heavyweights in the power game of lobbying and consulting.
...
In seeking to make lobbying an issue, Senator McCain has made one of hypocrisy.More
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Just because somebody gives him a few pairs of work pants from Neiman-Marcus and a couple a' trips to the Bahamas and Paris, no reason to think there's sex involved...

Shamelessly Embroidered from Daily KOS and Jesus' General
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Popping your Pookums
Heather Mallick
CBC Columnist
Dear Ms Malik,
I've been meaning to write you about your CBC column. Unfortunately, I've been too busy defending our next Vice President from the demonic mockery of the witch-shielding left. Still, even though I'm a bit late with this--you've already heard the complaints of the 300 Fox viewers who are blessed the the gift of literacy--I must take exception with your characterization of Republican men as being sexually inadequate. More


On just how much PSI that blow-up doll requires.
lsanderson: (Default)
I found a wonderful deal on exclamation points. That's why I've been using them so much. If I told you where I got them, then you'd start using them too and then I'd have to turn into that high school English teacher that we both hated.
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Taking Hard New Look at a Greenspan Legacy
By PETER S. GOODMAN

“Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient.” — Alan Greenspan in 2004

George Soros, the prominent financier, avoids using the financial contracts known as derivatives “because we don’t really understand how they work.” Felix G. Rohatyn, the investment banker who saved New York from financial catastrophe in the 1970s, described derivatives as potential “hydrogen bombs.”

And Warren E. Buffett presciently observed five years ago that derivatives were “financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

One prominent financial figure, however, has long thought otherwise. And his views held the greatest sway in debates about the regulation and use of derivatives — exotic contracts that promised to protect investors from losses, thereby stimulating riskier practices that led to the financial crisis. For more than a decade, the former Federal Reserve Chairman Alan Greenspan has fiercely objected whenever derivatives have come under scrutiny in Congress or on Wall Street. “What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so,” Mr. Greenspan told the Senate Banking Committee in 2003. “We think it would be a mistake” to more deeply regulate the contracts, he added.

Today, with the world caught in an economic tempest that Mr. Greenspan recently described as “the type of wrenching financial crisis that comes along only once in a century,” his faith in derivatives remains unshaken.

The problem is not that the contracts failed, he says. Rather, the people using them got greedy. A lack of integrity spawned the crisis, he argued in a speech a week ago at Georgetown University, intimating that those peddling derivatives were not as reliable as “the pharmacist who fills the prescription ordered by our physician.”

But others hold a starkly different view of how global markets unwound, and the role that Mr. Greenspan played in setting up this unrest. More
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Jean-Marie Gustave Le Clézio Wins Nobel Prize in Literature

The 2008 Nobel Prize in Literature has been awarded to the French novelist Jean-Marie Gustave Le Clézio.

Read More:
http://www.nytimes.com/?emc=na
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You can't run against someone for president of our failing states.

You have to run for something.

The more St. John McSame runs against Obama, the more he fails. So rejoice when he salivates and shouts, spitting over the crowds.

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