Archives for FUBAR

Uncle Sam becomes a mortgage banker

Fannie Mae and Freddie Mac are, at least for the time being, curious entities called Government Sponsored Enterprises, federally chartered mortgage giants run as private for-profit businesses. And for a long time its executives and shareholders did very well out of them.


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What’s good for General Motors…

You're watching the Olympics and finding yourself bedazzled by the feats of utterly dedicated, amazing athletes when a commercial intervenes, likewise promising a bedazzling feat, this one by a major U.S. corporation. It's the sort of thing that just could alter American lives for the better.


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The dollar makes a comeback

Almost out of nowhere, the once-ailing U.S. dollar has come storming back. That's good news on several fronts.

A stronger dollar will quell simmering domestic inflation, which last month reached a worrisome 5.6 percent over July a year ago, a 17-year high.


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Getting hacked at the Olympics

U.S. athletes, journalists, public officials and tourists attending the Summer Olympic Games in Beijing are at risk of Chinese hackers -- most likely with Chinese government approval -- infiltrating their laptops, Black Berrys and other electronic devices, security experts are warning.


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How should the U.S. respond?

The war in the Caucasus has been compared by some on the right to Germany's seizure of the Sudetenland from Czechoslovakia in 1938. Officials such as Vice President Dick Cheney and Sen. John McCain, the GOP presidential candidate, have argued for a forceful American response to the new crisis.


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