When I first heard the Obama soundbyte — on the day of the bankruptcy announcement — I was suprised, for sure. It was definitely an aggressive quote:
“In particular, a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout. They were hoping that everybody else would make sacrifices and they would have to make none.”
The Yahoo article makes a good observation on the link between “sacrifice” and the TARP Program.
Sam Zell, owner of the Tribune Company and the Chicago Cubs, typically creates a year-end “gift” that he posts on the internet. These are generally interesting to see and are posted at this website.
I just noticed that the 2008 edition is not up on the site. I suppose he’d like to keep his head low, what with his suspicious financial dealings, the state of his current business (filing for bankruptcy protection in the final fortnight of 2008), and his implicated status in the Blagojevich fiasco.
I’ve furthermore noticed that you need a password to view these, which I don’t recall as previously being the case.
A little late on the post:
Look for the second Q&A on the page.
I’m interested in the value of the dollar lately and how that relates to energy costs. I have believed that oil prices are incredibly difficult to predict and explain, but that currency values might be the greatest contributor to the price fluctuation we’ve seen in the past few years. This link explains the latest news:
It has been hard to ignore the fact that the recently oil prices have been so closely related to the value of the dollar. The article shows a series of very informative graphs to illustrate that point and then discusses today’s marked drops in the stock market, the value of the dollar, and (oddly) oil.
I would be careful, however, in making statements such as, “that relationship is now completely over.”
I’ve been reading Bill Clinton’s My Life recently. I’m at the point of his congressional loss in 1974.
I was hoping for one thing, though. I was interested to hear his philosophical attraction to his political ideology — how did he come to believe what he does? He explains many of his thoughts on inter-personal relationships, interestingly — but his political association seems to be assumed. He expresses some admiration for John F. Kennedy and mentions working on Democratic campaigns and on Capitol Hill, yet there is hardly any precurse to explain why this is.
I could go on about why I think these are important; perhaps I will some other time.
Also in the perhaps category: something along these lines may come up later in the book.
Also reading: Kerouac: Big Sur