Today we are piecing together two seemingly unrelated news stories that ran on successive days — because they will lead us to a solution for finally getting to the bottom of the financial crisis that has crippled our nation and the world.
The first story appeared on November 11. Just one day after the federal government announced its restructuring of the bailout of insurance carrier AIG (American International Group, Inc.), bringing our total rescue effort to of the insurance and financial services giant to $150 billion, ABC News’ crack investigative correspondent Brian Ross reported that executives of AIG held yet another executive retreat at yet another luxury resort.
While America’s auto manufacturers and other companies are begging Washington for bailouts, the liberal-derided Wal-Mart Stores Inc. is making money hand over fist, providing the nation with more jobs than any other employer and doing something else very, very positive: serving the poor.
Times are getting harder, people want cheap stuff, and the place they find it is at Wal-Mart, which boasted a 9.8 percent increase in earnings and a 7.5 percent increase in sales the third quarter, according to The Wall Street Journal.
This could only happen in America.
The insurance giant AIG that is more than a little responsible for the current economic crisis reportedly has decided to lay out $503 million of early deferred compensation to top employees so they won’t abandon a ship that is being kept afloat only by billions upon billions of taxpayer dollars.
Cross burnings. Schoolchildren chanting "Assassinate Obama." Black figures hung from nooses. Racial epithets scrawled on homes and cars.
Incidents around the country referring to President-elect Barack Obama are dampening the postelection glow of racial progress and harmony, highlighting the stubborn racism that remains in America.
From California to Maine, police have documented a range of alleged crimes, from vandalism and vague threats to at least one physical attack. Insults and taunts have been delivered by adults, college students and second-graders.