Don't Like the Economy? Blame the Libertarians

April 29, 2009

Henry Kaufman argues that the “failure to spot the importance of changing financial markets and its commitment to laissez faire economics were big mistakes and justify a fundamental overhaul of the Fed.” But is the failure to recognize the dangers of securitization of hard-to-trade assets really a fault of libertarians? They were hardly alone.

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Twitter Quitters: 60% of Users Quit Using Service Within First Month

April 29, 2009

We’re hearing some pretty amazing statistics about Twitter (Twitter reviews) these days: growth from February 2008 to February 2009 was reportedly 1382%, with the incline increasing yet further in recent months. But like many social networks, it seems many people lose steam with the service.

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Getty Trust to Slash Budget, Lay Off Nearly 100 Workers

April 29, 2009

The J. Paul Getty Trust will slash its workforce by 14% — a loss of 205 jobs — under a newly adopted budget for the 2009-10 fiscal year that begins July 1. In a statement released Monday, Getty officials said they expect to lay off 97 current regular employees, with the rest of the reduction […]

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White House Handed Defeat In Another 'State Secrets' Case

April 29, 2009

Ninth Circuit’s decision on “extraordinary rendition” dismisses the claims of the Obama Administration that the lawsuit in question “must be halted for national security reasons,” reversing lower court dismissal. In the case of ACLU vs. Obama, ACLU gets the first win, and “state secrets” defense favored by the new White House takes a palpable hit.

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Former Head of Violent United Nations Gang Faces Prison

April 29, 2009

SEATTLE — The head of the violent United Nations gang faces at least 10 years and up to life in prison after pleading guilty to drug charges.

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Arlen Specter Leaves GOP for Reporter-Filled Lovenasium

April 29, 2009

PA Senator “bluntly admitted that his decision was tied to his belief that he could not win reelection as a Republican next year,” With addition of Specter and Franken, jubilant Washington Democrats (PA grassroots less enthused) will have filibuster-proof majority for the first time since, well, Arlen Specter was elected. On cue, media fawns adoringly.

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Could Favre Be Plotting Yet Another Comeback?

April 29, 2009

Exactly 75 days. That’s how long it took for Brett Favre’s name to reappear on this blog in a substantive way. By now, you have probably heard the news. The New York Jets released Favre on Tuesday, a paperwork shuffle that nevertheless could have significant impact in the NFC North — if Favre decides to […]

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McAuliffe Pulls Ahead: Major Front in Virginia Governor's Race is Online

April 29, 2009

Terry McAuliffe’s YouTube channel uploaded three new videos in the past week. Brian Moran has aggressively courted backing from a coterie of liberal bloggers in Northern Virginia. A Twitter addict, R. Creigh Deeds regularly fires off tweets from his BlackBerry.

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Does Chris Cox Deserve His New Job as Permanent Fall Guy?

April 29, 2009

“Mary Schapiro was part of the insiders’ squad that allowed Madoff to happen. But in a major speech, the new SEC chairwoman made it clear she’s out to save the agency—even if it means implying her predecessor was asleep at the switch.” New powers will mean permanently banishing CYA? Color us the color of skeptical.

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The Family Dog Walker: Bo Requires Staff Help

April 29, 2009

The Obamas made a big show of getting a family pet, the Portugese water dog Bo: “We all have to take turns walking the dog.” But the requirements of FLOTUS and POTUS schedules are pushing duties to others: “Perhaps the demands of dog walking and dog minding have been tougher than the president expected.”

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