Submitted by ohio on Tue, 10/14/2008 - 9:58pm
Last Friday, our old septic tanks were decommissioned in a process known as pump, crush, and fill. Sorta like a certain Wall Street bail-out, only much more honest. The smell was about the same, though.
The septic guys then dug a big hole for the two new tanks. Now, before anybody starts a'wondering what's the matter with the fab GF and I that we need two 1,000 gallon tanks, let me point out that septic tanks work by separating liquid and solid waste. The liquid is pumped (or gravity fed) to a drainfield, where it is released into the soil, making some bacteria and plants very very happy. Read below the fold...
Submitted by lambert on Tue, 10/14/2008 - 9:34pm
It gives me a frisson of pleasure to quote People's Daily on the ownership structure of Hank Paulson's old, and no doubt future, firm:
One of the largest events in the firm's history was its own IPO in 1999. Goldman offered a small portion of the company to the public, with some 48 percent still held by the partnership pool. Read below the fold...
Submitted by vastleft on Tue, 10/14/2008 - 9:20pm
Submitted by bringiton on Tue, 10/14/2008 - 3:14pm
Amongst the Sturm und Drang of high-profile sexism and misogyny, it can easily be lost that many of the younger generation have already moved past bigotry and not just in form but in function. It is the older generations that continue to fight the same battles over and over again while all around us, quietly and without fanfare, the kids are getting it right. Read below the fold...
Submitted by bringiton on Tue, 10/14/2008 - 3:03pm
Is Sarah Palin fully qualified as Republican Party candidate for Vice President?
While controversy has swirled since her VP nomination over the question of whether or not Sara Palin is qualified, her recent performance and statements have done much to calm fears that she would not be able to step in immediately and be as effective as the current officeholder. Now the Alaska legislature has added the final piece of the puzzle and the naysayers have been vanquished. Read below the fold...
Submitted by DCblogger on Tue, 10/14/2008 - 2:53pm
I just remembered that during the Depression they had rent parties. A local band would be invited to preform and the tenant and band would split the proceeds, the band picked up some money and the tenant could get enough cash to temporarily keep the wolves from the door.
This is in response to an earlier post by Chicago Dyke asking what we could do for each other during the coming hard times. Read below the fold...
Submitted by Mandos on Tue, 10/14/2008 - 2:20pm
Here are the five parties with seats in the Canadian House of Commons. I'm including the Green Party because they technically got one shortly before the election due to "crossing the floor" (an MP declared his affiliation with them but was elected under another platform).
Read below the fold...
Submitted by Caro on Tue, 10/14/2008 - 2:08pm
“Let me make it clear at the outset that I have no intention of following instructions.”
– Nobel Laureate Paul Krugman, thanks to Economist’s View
Ditto. It’s the story of my life, and my ongoing commitment to myself and to you, my readers. I absolutely will not follow instructions.—Caro Read below the fold...
Submitted by lambert on Tue, 10/14/2008 - 10:00am
Via McClatchy's Bellingham Herald:
With all of the troubles taking place in the financial industry these days, one sector that appears to have avoided the mess of subprime and other shaky loans is credit unions — and consumers are noticing.
Among Washington state’s 129 nonprofit credit unions, 62,782 people opened new accounts between December 2007 and June 2008, according to the National Credit Union Administration — a 167 percent jump compared to the same period last year. Read below the fold...
Submitted by lambert on Tue, 10/14/2008 - 9:27am
Rep. Mike Ross of Arkansas is not likely to bring Barack Obama many votes on Nov. 4. Neither is Rep. John Tanner of Tennessee or Rep. Allen Boyd, a farmer from the Florida Panhandle. Read below the fold...
Submitted by lambert on Tue, 10/14/2008 - 8:51am
Submitted by Paul_Lukasiak on Tue, 10/14/2008 - 8:02am
So, after figuring out that his original plan wasn't going to work, Hank Paulson has now decided to reward his Wall Street buddies with a "capital infusion" in nine big banks -- most of which are located in New York City, and all of which have large divisions or subsidiaries that act very much like "brokerage firms".
Not only does this reward bad behavior by the people responsible for this crisis, the likely consequences of this move are pretty horrible. Read below the fold...
Submitted by lambert on Tue, 10/14/2008 - 7:57am
Submitted by lambert on Tue, 10/14/2008 - 7:44am
Submitted by lambert on Tue, 10/14/2008 - 7:26am
[Click through for an even more mind-blowing Volcker quote. -- lambert]
Obama advisor Volcker* via Bloomberg:
The bailout measures were ``distasteful'' [although I understand that a taste for $250 billion can be acquired] and ``not consistent with a capitalistic system,'' Volcker said at a lecture in Singapore today.
Read below the fold...