
Rocky & Bullwinkle!

“This is about our way of life, our society, our economy. … This isn’t about Wall Street.”
- Rep. Mike Pence, Indiana
The Troubled Asset Relief Program would take taxpayer money (yes, this time it is taxpayer money) to buy bad mortgages and securities from financial institutions. This would provide much needed cash liquidity to the holders. The idea, then, is to turn this money around and sell it to other holders. Again, many knee-jerk reactionaries think that this is just pumping $700 billion in cash straight into the economy. It’s not. The government would be receiving money from the mortgages and once the financial system has stabilized, the government will resell the loans back to private institutions, some say at a profit.
It’s a ridiculously awful plan. I’ve already written my Congressman and Senators about this, urging them not to vote for any sort of bailout.
First and foremost, nobody actually has any idea how much is needed, and how much it’s going to cost. $500 billion in loans are already owned by Freddie/Fannie Mac, so $700 billion may be too much. Then, Pimco (a big Wall Street financial company) founder Bill Gross says that it may actually be $1.2 trillion. If the economy continues to get worse, the mortgage payments will continue to slow, and the taxpayers will definitely have to pay up, then. Also, it’s pure speculation whether the government will be able to resell the loans in the future. Sure, there can be a profit. There can also be a loss. If the only buyers are foreigners, we’re *really* screwed, then.
And Good Lord, there are so many Constitutionality issues with this plan, it’s ridiculous. The plan would also give all sorts of vague regulatory control to the Secretary of the Treasury. There’s no checks from the Legislative or Judicial branches at all. Moreover, it also eliminates many state regulations in favor of these new powers given to the Treasury Secretary.
Finally, the Market has a wonderful way of correcting itself if you just give it a tiny bit of time. Already, Bank of America has bought out Merrill Lynch, Barclays has bought out Lehman, and today, Chase has bought out Washington Mutual. The problem is fixing itself already, but nobody has any patience for anything anymore.
Ok. Enough with the practical and realism. Time to put on my idealogue hat.
This plan is definitely socialism. Socialism for the rich, to be precise. If you and I start a business, we run the risk of failing. I seriously doubt Congress would give us a cash infusion. It’s not the government’s job to rescue businesses.
In his national address, Bush warned of dire consequences if the bailout is not passed. I’ll gladly take those consequences in order to follow a political philosophy that has served this country well for the past 232 years. Wall Street’s mantra has been laissez-faire capitalism. You suddenly turn around and demand a government life preserver or else? Excuse me, but f&^% you.
Right now, Conservative Republican members of Congress are holding this plan hostage. I’m proud that Conservative Republicans have suddenly remembered that they’re Conservatives — that their fundamental political philosophy is based on things like personal responsibility, controlling spending, and Federalism. Malkin and Gingrich agree. Wall Street Republicans are none too happy with this. Good. What a bunch of hypocrites. If you only believe in limited government when it suits you, get out. The soul of Republicanism is not about maximizing profits. The soul is a political philosophy that has given birth to an economic approach that has made this country prosperous, not the other way around. I’m tired of watching hypocritical leaders perverse our core values. Forget Big Tentism. This party needs a serious philosophical purge and cleansing.
Grow a spine, Democratic Congress, and kill the bailout. The way Bush has already pushed you around on Iraq is hilarious. Now he’s doing it again.MILWAUKEE - Carlos Zambrano pitched the first no-hitter for the Chicago Cubs in 36 years, returning from a sore rotator cuff to shut down the Houston Astros 5-0 Sunday night in a game relocated because of Hurricane Ike."I guess I'm back!" Zambrano hollered.
Pitching for the first time since Sept. 2, Zambrano stopped a Houston team that had not played since Thursday. The storm forced baseball to move two games from Texas to Miller Park and the Astros flew hours before they took the field.
Zambrano, known for his emotional displays on the mound, kept himself in control until striking out Darin Erstad to finish off the gem. It was baseball's first neutral-site no-hitter in modern history, the Elias Sports Bureau said.
The big right-hander dropped to his knees and pointed to the sky with both hands after getting Erstad to swing and miss. Zambrano (14-5) was immediately mobbed on the mound by his teammates.
"I'm a little confused right now," Zambrano said. "I still can't believe it. It's a great feeling, a feeling that you can't describe."
The crowd of 23,441 — mostly Cubs fans — erupted in a wild ovation after chanting "Let's go Z!" throughout the final inning.
Zambrano struck out a season-high 10 and walked one in the Cubs' first no-hitter since Milt Pappas pitched one against San Diego in 1972. This was the 13th no-hitter in team history, including five in the late 1800s.
This was the second no-hitter in the majors this season — Boston's Jon Lester did it against Kansas City at Fenway Park on May 19.
The Astros only once came close to a hit. David Newhan lined a drive that first baseman Derrek Lee jumped to catch to end the fifth inning.
Zambrano helped himself, too, by charging off the mound and across the first-base line to catch Hunter Pence's foul pop for the second out in the eighth.
Zambrano began the ninth by getting Humberto Quintero to ground out on one pitch — it was his 100th of the game. After pinch-hitter Jose Castillo also grounded out, Erstad chased a full-count pitch low-and-away for Zambrano's first shutout since 2004.
With his jersey untucked, Zambrano paraded triumphantly through a series of interviews in front of the Cubs dugout, then waved to the still-cheering crowd as he walked down the steps.
Coming into the game, Cubs manager Lou Piniella said he wanted to limit the 27-year-old Venezuelan ace to 100 pitches in his return to the rotation. Having recently an anti-inflammatory shot, Zambrano managed to come close — he threw 110 pitches, 73 for strikes.
"What can I do?" Piniella said. "I was even hesitant to warm someone up."
"Pretty exciting stuff!" he added. "He kept his composure, concentration. I don't think anyone in the park was happier than he was."
Because the Brewers were away, MLB decided Saturday night to switch these games to Milwaukee. The upper deck was closed, and the crowd was filled with fans who made the short drive from Chicago.
Zambrano also gave local fans a chance to see something they really wanted two weeks ago — a no-hitter.
Brewers newcomer CC Sabathia pitched a one-hitter on Aug. 31 at Pittsburgh, and team officials asked a scoring review committee to take a further look at the little trickler that was ruled a hit. The call stood.
The win could be yet another sign of good things to come for the NL Central-leading Cubs, whose fans have gotten used to doing more crying than cheering in September during 100 years' worth of World Series frustration.
The Cubs took a 7 1/2-game lead in the NL Central over the fading Brewers, who were swept in a day-night doubleheader by the Philadelphia Phillies.
The Astros fell two games back of the Brewers and Phillies, who are tied in the wild-card race. Houston had won six in a row and 14 of 15.
Zambrano didn't allow a baserunner until he walked Michael Bourn in the fourth inning.
He allowed only one more baserunner the rest of the night, hitting Pence in the back with two outs in the fifth.
Zambrano also made an offensive contribution in the Cubs' four-run third inning, singling and then chugging home from first on Lee's double. The Cubs chased Randy Wolf (10-12) in the third, his shortest outing of the season.
It was the first complete game for Zambrano since June 16, 2007, at home against the Padres. He hadn't thrown a shutout since April 7, 2004, a two-hitter at home against the Rockies.
Alfonso Soriano led off the game with a home run, his 28th of the year. With Zambrano in control, the game took just 2 hours, 17 minutes.
His writing was amazing, his humor was wicked and his insights about the human condition and our idiosyncrasies were fantastic. I'm not exaggerating when I say that reading Infinite Jest was a turning point in my life.CLAREMONT, Calif. — David Foster Wallace, the author best known for his 1996 novel "Infinite Jest," was found dead in his home, according to police. He was 46.
Wallace's wife found her husband had hanged himself when she returned home about 9:30 p.m. Friday, said Jackie Morales, a records clerk with the Claremont Police Department.
Wallace taught creative writing and English at nearby Pomona College.
Wallace's first novel, "The Broom of the System," gained national attention in 1987 for its ambition and offbeat humor. The New York Times said the 24-year-old author "attempts to give us a portrait, through a combination of Joycean word games, literary parody and zany picaresque adventure, of a contemporary America run amok."
Published in 1996, "Infinite Jest" cemented Wallace's reputation as a major American literary figure. The 1,000-plus-page tome, praised for its complexity and dark wit, topped many best-of lists. Time Magazine named "Infinite Jest" in its issue of the "100 Best English-language Novels from 1923 to 2005."
Wallace received a "genius grant" from the MacArthur Foundation in 1997. His short fiction was published in Esquire, GQ, Harper's, The New Yorker and the Paris Review. He wrote nonfiction for a number of publications, including an essay on the U.S. Open for Tennis magazine and a profile of the director David Lynch for Premiere.
Born in Ithaca, N.Y., Wallace attended Amherst College and the University of Illinois.
I'm loving Fatboy Slim these days.
The music and videos both are so innovative, bending genre lines, and the sound is just really fresh and unlike much else on my iPod.
I was searching YouTube for something new from Fatboy Slim to download, and came across this video, which Skinny Spice originally showed me a while ago.
It's about as good as it gets, with Christopher Walken, always a crowd pleaser, showing off his considerable dancing chops. I could just watch this over and over.
Enjoy.
Crowds packed the streets to follow the mechanical beast on its walkabout from the Cunard building through the city.And although the rain eased for part of the day, onlookers were still soaked by huge jets of water from her abdomen.
The £1.5m Capital of Culture event, operated by French company La Machine, was continuing on Sunday.
La Machine's 37-tonne beast has generated headlines around the world, and culture bosses say they have been delighted with her impact.
Mike Doran, of the Liverpool Culture Company, said: "I've never seen the city centre look so busy. It is reminiscent of when Liverpool brought the European Cup back."
There was some disappointment earlier on Saturday when crowds turned up outside the Cunard building expecting a show which never materialised.
Spider to reawaken
Nicky Webb, a director of Artichoke - the company producing the show - blamed the mix-up on cultural differences and said the French artists never intended to stick to a schedule.
She said: "For them the story is a piece of magic. They want the spontaneity of things not running according to our British clockwork... it doesn't work like that with a show like this."
Nevertheless, show organisers said La Princesse would once again reawaken on Sunday afternoon.
La Princesse was unveiled to the public on Wednesday morning, hanging from a redundant office block next to Lime Street railway station.
She was woken in a hail of fireworks and smoke at 1130 BST on Friday, before striding up and down in front of the arena in front of a cheering crowd.
Later on Friday night she took a dip in the Mersey in front of an estimated 20,000 people.
The spider is made out of steel and poplar wood and is operated by up to 12 people strapped to her frame.
In May 2006, the company's Sultan's Elephant drew an estimated one million people to the streets of London.
Participating groups pledge to pray 24 hours a day for a week or more in a dedicated prayer-room. They then 'carry the baton of prayer' for that period. The prayer passes from location to location in a never ending flow linked up by the Worldwide Web. We are a virtual community praying in real locations. Right now someone, somewhere is praying 24-7.The movement began in 1999 to turn youth culture back to Christ and mobilize prayer. Sixty groups in 15 countries are now praying without ceasing (1 Thessalonians 5:17) and seeing the Holy Spirit fill a place as well as a person (Acts 2:2).
This unparalleled resource ... could only be acquired by crushing the fruit of the olive tree to a pulp. Without intense pressure and the destruction of something good, there could be nothing better.
It's easy to see the potency of these images for Jesus, who endured such pressure that night in Gethsemane to become the everlasting Light of the World, the Healer of Nations and the anointed King of kings. Precious oil can flow in our lives too from the crushing experiences we endure. ...
We may not see any such beauty in our own lives, and perhaps this is good. But we know there is an anointing -- an authority -- that can only come to us through the darker trust of unanswered prayer. It is an illumination both in us and through us that can only come through suffering: a healing that we can only minister when we have ourselves been wounded. Ultimately we know that there is a sevenfold worship more precious to God than any other: the offering of a broken heart and a crushed spirit that prays, "Abba, Father, everything is possible for You. Take this cup from me. Yet not what I will, but what You will." (pp. 101-102)