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The Mainstream Media — MSM as they are known on the Internet. One of the main reasons I began blogging in the first place was to vent my frustration that the American MSM did not report on issues I cared about or felt newsworthy. During the Iraq war, I had to turn to [...]
Archive for April, 2008
The MSM
Apr
Where’s HBOS?
Apr
Looking through old e-mails, I read an article from the FT in 2006 that surfaced claiming that HBOS (Halifax Bank of Scotland)were poised and ready to go offer loans for 125% of value. That’s right, HBOS thought it a good idea to cover 95% of the house price and loan another 30% over appraised value unsecured as a personal loan.
Now that the UK has joined the housing bust, one must ask where are the massive writedowns that have to be sitting on HBOS’ books? Why aren’t they looking to do another rights issue like RBS? I fully expect some pretty horrific things coming from HBOS as the housing crisis heats up in Britain.
Settling Scores
Apr
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What if Hillary wins? Well, she’ll have some scores to settle, according to Eleanor Clift. Think John Kerry, Bill Richardson.
Read more here.
George McGovern’s comments
Apr
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George McGovern spoke to Sam Stein at the Huffington Post about this year’s Democratic nomination race and its similarities to the 1972 race. Rather than describe what he said, I’ll provide a link and you can read it for yourself. See story here.
Affirmative action, New York-style
Apr
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The city and police force that Giuliani built has done it again. They’ve acquitted the shooters of another unarmed black man. Looking to outdo the travesty from 1999 against Amadou Diallo when 41 shots were fired, the police fired 50 shots at the unarmed man, Sean Bell and his companions, who were at Bell’s [...]
1992 redux
Apr
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A friend in Washington, D.C. just sent me a New York Times article from April 1992 entitled, “THE 1992 CAMPAIGN: The Front-Runner; Like Voters, Superdelegates Have Doubts About Clinton.” This article is about doubts over Bill Clinton as he became the front-runner that year.
You could replace Bill Clinton’s name with Barack Obama’s and 1992 [...]
Race and Class in 2004
Apr
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I just caught an interesting analysis by Matthew Yglesias over at the Atlantic Monthly. His analysis suggests that we are hugely misreading the class issue in voting patterns by confusing class and race. His point is simple: if you take ALL voters who made less than $50,000, John Kerry won that group [...]
Spain’s problems
Apr
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There was heavy overbuilding in Spain as the global housing bubble caught fir there these past years. Now, Spain’s bubble has burst and it is having dire economic consequences. The Spanish National Statistics Office released the most recent unemployment figures showing an enormous jump from 8.6% to 9.6% in one month, the largest [...]
I knew those Generals were biased
Apr
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I was reading a blog that reminded me to post something disturbing about biased coverage in the mainstream media (MSM). This is a little blurb on a story I caught a few days ago about all those military talking heads on the networks in the lead-up to war in Iraq. It seems those Generals [...]
Kill All The Storytellers
Apr
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I was talking to a friend yesterday about the apathy of this generation of youth on key political and social issues. I said that if the Generation of ‘68 had gone through what this generation is going through they would be occupying the College Dean’s Office and burning something down. This generation seems [...]
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Random Quote
- “Charlie and I believe Berkshire should be a fortress of financial strength – for the sake of our owners, creditors, policyholders and employees. We try to be alert to any sort of megacatastrophe risk, and that posture may make us unduly apprehensive about the burgeoning quantities of long-term derivatives contracts and the massive amount of uncollateralized receivables that are growing alongside. In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”
-- Warren Buffett, Berkshire Hathaway 2002 Annual Report Berkshire Hathaway (pdf)
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