Economy

Nota Bene #50

Link of the Week (as opposed to the Weakest Link)

Diana Henriques, the New York Times, Bailout Monitor Sees Lack of a Coherent Plan:

“Our objectives in asking Congress for a financial rescue package were to first stabilize a financial system on the verge of collapse. . . ” Mr. Paulson said at one recent hearing. “If the financial system were to collapse, it would significantly worsen and prolong the economic downturn.”

File that under: Ya think?

Michael Calderone and Josh Kraushaar, Politico, Chris Matthews advised to quit MSNBC:

“He is interested, and that’s about all I can say,” said [former Democratic representative Joe] Hoeffel. “… In Chris’ case, he needs to shut up and listen. He has to change the way he talks to people.”

Robert Fisk, the Independent, ‘Nobody supports the Taliban, but people hate the government’:

A very senior NGO official in Kabul. . . says both the Taliban and the police regularly threaten villagers. “A Taliban group will arrive at a village headman’s door at night. . . and say they need food and shelter. … Then the police or army arrive in the day and accuse the villagers of colluding with the Taliban, detain innocent men and threaten to withhold humanitarian aid. Then there’s the danger the village will be air-raided by the Americans.”

Between a rock and a hard place and another rock.

Ted Rall, Smirking Chimp, Obama’s Center-Right Cabinet Foreshadows Center-Right Presidency:

If nothing else, I had guessed, the U. of Chicago egghead would appoint a team of the Best and Brightest. We’re getting the Rest and the Rightest.

Ben Clayman, Reuters, Diller to profitable companies: Lay off the layoffs. IAC Chief Executive Barry Diller:

“It’s not that you don’t want to earn as much money as you can. . . but companies have obligations beyond that. . . at certain times, in the times in which they operate. And they also certainly ought to know that meeting and beating expectations is probably yesterday’s game.… Running a company that meets and beats expectations [makes me] question why anyone would invest in [it].”

Larissa MacFarquhar, the New Yorker, Outside Agitator, on Naomi Klein:

She followed the Dow as it pitched downward, thinking how ridiculous it was for Paulson to believe that he could control it. “This is politicians acting like traders,” she said, staring at the television. “A government shouldn’t play the market — it should govern.”

Sports

Mike Lupica, the New York Daily News, Any chance of Plaxico Burress catching a break is real long shot:

When was the last time you heard of a famous athlete stopping a crime, against himself or anybody else, because he was the one with the gun? … When was the last time you heard of somebody like Plaxico Burress being a crimefighter? More often than not, they become the crime.

Harvey Araton, the New York Times, More Losers Than One in This Sorry Saga:

On a more sympathetic note, I can’t help but wonder why a man would work so hard to self-destruct at the pinnacle of success [after signing a lucrative contract]. Happiness, it seems, was not the money after all, but a warm gun.

3 replies »

  1. I’m with Brian: defining the political makeup of a group before they’ve done anything is difficult and subjective.

    I love the Diller quote.

    I would like to add that Plaxico Burress is an MSU alum…some of us are not surprised.