Michael Wolraich's picture

    Breaking Up with New York City

    When we last left our hero, he was pitifully angsting about whether to leave his home of New York City. Many readers have demanded to know what he decided. OK, no one has actually demanded, but that won't stop him from sharing, nor from referring to himself in the third person.

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    Deadman's picture

    Baby Boom Goes the Dynamite: The Generation's Lasting Legacy

    The Baby Boomers have blown it in spectacular fashion.

    For much of the past 20 years, they have been the ones in charge of this country. During that time, they have...

    ... ignored the looming Social Security crisis, which has been simmering for decades and is now apparently coming to a boiling point much quicker than originally estimated.

    Michael Wolraich's picture

    Woody Harrelson Invokes Zombie Defense

    After breaking the camera of an aggressive paparazzo who was photographing him with his daughter, Woody Harrelson explained that he mistook the photographer for a zombie:

    "I wrapped a movie called 'Zombieland,' in which I was constantly under assault by zombies, then flew to New York, still very much in character. With my daughter at the airport I was startled by a paparazzo, who I quite understandably mistook for a zombie."

    Michael Wolraich's picture

    BREAKING: First Dog

    Under relentless media pressure after weeks of foot-dragging, the Obama Administration finally selected a nominee for a top government post: First Dog.

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    Michael Wolraich's picture

    Bankers Want Out of Bailout Conditions

    Banks are chafing under Federal bailout terms, according to today's New York Times. Fearing that they will be forced to sell off toxic assets and curtail executive compensation, some banks are trying to return bailout money. But there's a catch. In order to receive the bailout loans, the banks had to grant the Federal Government stock warrants. The warrants give the Federal Government the option to buy stock in the company at a specified price.

    Orlando's picture

    Rachel Maddow and Ana Marie Cox Debate Discuss the Merits of Tea-Bagging

    I feel dirty.

    And also, somehow, proud of Rachel Maddow and Ana Marie Cox. Tonight on Rachel's show, they found the Holy Grail of double entendre. I wonder if Glenn Beck gets it.

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    deminizer's picture

    The Political Scandal The Conservatives Didn't want you to Know About

    Former Thomas More College Board Member Joe Monaghan Speaks About Mismanagement and Investigation of Abuse of Columnist Robert Novak 's Minority Scholarship Program by University President Jeffrey O. Nelson.

    Michael Wolraich's picture

    Obama Must Stop Bowing!

    You've no doubt seen the video in which Obama bowed meekly before King Abdullah of Saudi Arabia:

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    DF's picture

    "Cap and trade" is the "Earth Hour" of Climate Policy

    I'm going to try and keep this short and sweet.  The basic point I want to drive home is this: Climate change is occurring, but "cap and trade" policies will not stop it.

    While "cap and trade" seems to offer a sensible policy prescription for reducing carbon emissions, marginal, near-term reductions in atmospheric carbon dioxide will not put a halt to climate change.  In order for me to explain why, I'm going to set down a few of the facts about climate change so that we're all on the same page.

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    Deadman's picture

    Playing God and Taking Shortcuts ...

    This financial crisis is more than what it appears.

    It is symptomatic of a society that at some point over the last 30 years lost its way by seeking not the road less traveled, but instead the quickest route.

    It is the culmination of a mindset that increasingly became interested in pursuing immediate gratification at any cost.

    Look around you. In every area of modern life, the shortcut has become the rule, not the exception.

    Orlando's picture

    The Blame Game: It's Your Fault that America is on the Road to Ruin

    These days, everybody is blaming someone. The democrats blame the republicans, who blame them right back. The rich blame the poor. The poor are ordering pitchforks.

    New York blames Detroit. Detroit blames the labor unions. Labor unions blame Walmart. 

    George Bush blames Osama bin Laden. DickCheney blames President Obama.  Evangelical Christians blame San Franciso values. Gays in California blame the Mormons (although, let's face it, when blame is launched, it can sometimes hit the target spot on).

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    Deadman's picture

    MOFT: Episode 12 (St. Louis Blues' T.J. Oshie)

    Just a few weeks ago, I fell in love with singer Ingrid Michaelson while watching her perform an amazing concert.

    After 35 years of living, I had my first celebrity crush. I man-crush you, T.J. (courtesy of usahockeymagazine.com)

    Michael Wolraich's picture

    Earth Hour is the New Black

    Happy Earth Hour, everyone! In a gesture of appreciation for our beautiful planet, which if all goes according to plan will slowly simmer to death sometime this century, dagblog is joining the stampede of environmentally concerned municipalities and other organizations turning the lights off major landmarks for one hour this evening.

    Deadman's picture

    Government Debt: The Final Bubble

    Could this be the beginning of the end for our markets' last great bubble?

    An auction today of $34 billion in 5-year U.S. government bonds didn't go over so well, fetching prices well under what analysts were expecting.

    Ruh-roh.

    Oh I know, it may not seem like that big of a deal. The debt still got sold, unlike an unsuccessful auction for 40-year bonds in the UK. The fact that our auction resulted in yields (which move in the opposite direction of the price of bonds) of 1.849% versus the expected 1.801% seems like rather unimportant, inside-baseball type of stuff.

    Deadman's picture

    MOFT: Episode 11 (McDonald's Filet-O-Fish commercial)

    Every Tuesday night after my weekly basketball game, I pick up some Mickey D's for me and Filet O Fish cartonMs. Deadman (or Deadwoman, if you prefer) to eat at home. It's a classy tradition in the Deadman household, one that we both totally look forward to, with the main source of our enjoyment being the Filet-O-Fish sandwich that always makes up the entree portion of our meals.

    Michael Wolraich's picture

    Don't Raise the Barricades

    A recent World Bank study indicates a disturbing rise in trade protectionism around the world in response to the economic crisis. Here are a few examples:

    Deadman's picture

    The dagbuzz for 3/23/09: (The Geithner Bank Stability Plan)

    Details of the Geithner bank stability plan came out today, and Wall Street for one loved it. And why not,  for the plan basically allows financial institutions to take the worse of the toxic assets rotting away on their balance sheets and pawn off the vast majority of the risks of nonpayment onto the U.S. government (and ultimately the U.S. taxpayer).

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    Deadman's picture

    Eliot Spitzer: A thoughtful voice of reason (alas, without any power)

    I strongly encourage everyone to watch this video as former New York Governor Eliot Spitzer gives  thoughtful, reasoned insights into a whole host of recent topics related to our financial crisis, including AIG bonuses, Obama's performance, the media's impact, regulation, etc.

    I recommend the 20-minute Fareed Zakaria CNN interview in its entirety, but if you only have limited time, Spitzer offers a concise explanation into the cause of our current economic situation for a few minutes starting at about the 10:45 mark.

    Deadman's picture

    Public-private partnership proposal poses plenty of problems

    Oh goody. Looks like we're about to hear the details of Geithner's long-awaited financial stability plan, which has as one of its key components a public-private investment pool designed to help rid our system of the toxic assets rotting away on bank balance sheets.

    Apparently, the Treasury will hire four or five private investment managers to run a fund that will purchase the assets. The government will then match whatever monies the private firms manage to raise and invest.

    Michael Wolraich's picture

    At What Cost Justice?

    No, I am not referring to bankers. I'm speaking of the International Criminal Court's indictment of Sudanese President Omar Hassan al-Bashir on war crimes charges. Bashir is a force of evil in the world. His leadership has directly contributed to the suffering, murder, and genocide of millions. He deserves the most severe penalties we can in good conscience apply.

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