Obama Gets Half-Million Dollar Advance for Children's Book

March 19, 2009

As he empathized with recession-weary Americans, President Obama arranged in the days just before he took office to secure a $500,000 advance for a children’s book project, a disclosure report shows. The terms of the book deal were disclosed in a Senate financial disclosure report filed Tuesday.

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How the Fed Failed to Keep Obama in the Loop

March 19, 2009

Federal Reserve officials knew for months about bonuses at American International Group but failed to tell the Obama administration, according to government and company officials, exposing problems in a relationship that is vital to addressing the financial crisis.

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Kanjorski Blasts Geithner

March 19, 2009

[Video link]

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The Humorist You Dare Not Criticize: How Jon Stewart Went Bad

March 19, 2009

Stewart summed up the significance of what Cramer had said on the tape: “You can draw a straight line from those shenanigans to the stuff that was being pulled at Bear and at AIG, and all this derivative-market stuff,” he said sternly. Except that you can’t draw any such line. In the video, Cramer hadn’t […]

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President Takes Responsibility for AIG (Not Really)

March 19, 2009

COSTA MESA, Calif. — “Washington is all in a tizzy,” President Obama said at a town hall meeting here this evening. “It’s their fault, it’s the Democrats’ fault, it’s the Republicans’ fault. — Listen, I’ll take responsibility. I’m the president.”

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IE8 Shows Improvement, Still has Some Old Microsoft Feel

March 19, 2009

The Web browser is arguably the most important piece of software on a computer. No longer just a tool for perusing or searching for information, it has become, for many people, their principal communications medium, their photo album, their newspaper, social club, bank and shopping mall.

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Dodd: Yeah, I'll Be Your Fall Guy Already

March 19, 2009

Sen. Dodd (D-CT), leading recipient of AIG money in Washington, accepts blame for bonus protections (a step which was going to be found out anyway) while trying to shift it at the same time to nameless White House legislative staff. “The administration had expressed reservations…They asked for modifications.” Not good.

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For Obama and Democrats, Time to Backpedal Faster

March 19, 2009

“For the first time since last fall’s election, Democrats and the Obama administration are backpedaling furiously on an issue easily understood by financially strapped taxpayers: $165 million in bonuses paid out at bailed-out AIG.” After a dozen or more mistakes that in retrospect look minor (see below), this could be a big one.

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Under Pressure, White House Backs Off Vets Health Care Plan

March 19, 2009

The Department of Veterans Affairs would have pushed some vets into private insurance companies for treatment of service or war-related injuries. Speaker Pelosi announces decision, “based on the respect that President Obama has for our nation’s veterans.” One more staffing flub up, or the natural result of too much too fast?

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Sun Microsystems Could be Taken Over by IBM

March 19, 2009

Always an ideas leader, but rarely a money/marketing leader, Sun practically gave away some of their best creations. Now, IBM is prepared to scoop up the company for around $8B when it was once worth $205B during the bubble days. A wise man once said: if you’re good at something, never do it for free.

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