When it comes to sports teams, I've always been cursed with a severe case of monogamy. For example, even though I've lived in the Denver area for nearly two decades now, and one of the NFL's best-run and most successful franchises is just around the corner, I'm stuck rooting for the team of my childhood affections, the indescribably awful Detroit Lions.Read More
On behalf of the National Society for Creative Irresponsibility, of which I am a charter member, I wish to congratulate the Bush administration for the projected $700 billion bailout of the Wall Street wheeler-dealer community.Read More
Does sexism pay? One study out this week says "yes," especially when the ones falling behind in the pay gap are so-called egalitarian men.Read More
The rollout of the proposed $700 billion bailout package was accompanied by all of the least attractive characteristics of the Bush administration in action.
The package was sprung on Congress and the public suddenly and over a weekend and with a bare minimum of details. The initial proposal, vesting immense powers in Treasury secretary Henry Paulson, was only three pages.Read More
There is no way Congress is going to go home to the voters at the end of this month and be open to the charge that they did nothing about the financial meltdown in the credit markets.Read More
Ironically, Betsy Hart's column entitled, "Government doesn't need to bail out working moms" was released on Thursday, at the very moment that the government was bailing out Wall Street, giving AIG access to possibly more than $85 billion in taxpayer dollars.Read More
The extended Wall Street turmoil resulting from the housing and subprime lending crisis contains major challenges, reinforced by the current media propensity for scare headlines and alarmist editorials.
Political leaders have helped to feed public anxiety.Read More
America's financial crisis is a political crisis, too. In the course of just 10 days, the Federal Reserve propped up ailing mortgage giants Freddie Mae and Fannie Mac, refused to bail out the investment bank Lehman Brothers and balked at aiding mega-insurer AIG before coming through with a $85 billion loan in exchange for an 80 percent stake.