Corrente

Wrapped in the Flag

Prime Minister Proposes $500 Billion European Bank Bailout (Wall Street Journal)
U.K. to Rescue RBS, HBOS, as Germany Plans Up to €400 Billion to Aid its Institutions; U.S. Is Considering Similar Moves Read below the fold...

WaPo's chinless wonder Fred Hiatt writes a post mortem for the McCain campaign.

Meanwhile, progressives discuss whether to wait until after the 2010 mid-terms to hold Obama's feet to the fire, or until after Obama runs for his second term, in 2012.

Hey, just kidding! Needless to say. Read below the fold...

Ouch! More from Stirling Newberry, who actually knows all this finance stuff.

Oh, the Cassandras, the Cassandras... Read below the fold...

Please read Paul Jorian's blogpost regarding the implosion of the credit markets, the reasons, the influence of "The Chicago School" of economists whose assumptions continue to help us not understand how economies work, and "What it All Means".

Don't feel bad to reread each sentence, mouth-moving to form the words, just as I must do. Just read it. (plus it's fucking footnoted. My god, who footnotes a blog!!!????)

Here are some teasers:

The opener: Read below the fold...

See Steve Audio. Read below the fold...

FEMAfication.

Ouch! Read below the fold...

This correction on msnbc.com rubbed me the wrong way a little:
Read below the fold...

A week after McCain asked for my vote*, Obama plans to do the same. Perhaps with tea that's less weak?

Bloomberg: Read below the fold...

Glenn Greenwald describes his latest book, now out in paperback (makes a great gift!):
Read below the fold...

Nice guys do finish first sometimes.

"Paul Krugman, a professor at Princeton University and an Op-Ed columnist for The New York Times, was awarded the Nobel Memorial Prize in Economic Science on Monday.

Mr. Krugman received the award for his work on international trade and economic geography. ..."

On his blog, The Conscience of a Liberal , he says: Read below the fold...

holy shit. i almost got ill when i saw this.

i believe this belongs in the "Read it and Weep" department.

http://blog.wired.com/defense/2008/10/ar...

(i presume everyone here is aware of the fact that since October 1, we have an active military unit stationed here in the US for domestic operations, under the control of NorthCom.) Read below the fold...

Invictus has the details, but the "Camp Delta" torture policy from Guantanamo Bay has been posted online now. It's breathtakingly unadorned, and if a USAF commanding officer is willing to put a signature on this ... silk-wrapped excrement ... then impeachment is far too mild a fate for Bush, Cheney and their cohort of criminals, for not only have they destroyed our armed forces with their calumny, they have dishonored our officers and enlisted corps with their viciousness. Read below the fold...

Evidently LaDanian Tomlinson isn't the only guy on the Chargers offense, in spite of what those Vizio commercials imply. Of course, a career with 11K plus yards isn't too shabby, either -- and his is not yet over. Read below the fold...

ABC's John Berman, Ursula Fahy, Matt Jaffe and Sunlen Miller :

At the onset, Obama disappointed the crowd – telling them that his wife would not be speaking today.

""Michelle decided she wasn’t going to speak today. She just wanted to sit there and look cute. That’s okay," he joked (much to Michelle’s dismay?), "It’s okay with me!"

Read below the fold...

"This election is too important to sit on the sidelines of history," said the former first lady, calling on her legions of working class and women voters to take up the banner of the man who beat her.

"It took a Democratic president to clean up after the last president Bush, it's going to take a Democratic president to clean up after this President Bush," Clinton said in a working-class corner of swing-state Pennsylvania.

Read below the fold...