All right, so I look more like a toy Highland soldier than a warrior.
Thanks to Paul B. for the photo!
The proposal on credit default swaps and other derivatives would require the markets on which they are traded to be regulated for the first time, and for the buying and selling of these instruments to be conducted in ways that will foster greater oversight.As I said last year, derivatives are little more than bets with your broker about something in the financial world, like playing the field at the craps tables or sports books at Ceasar's Palace. The idea is to create the perfect investment that will not lose money. Oh, but they do.
Credit default swaps, which trade in a $60 trillion global market without government oversight, are contracts to insure against the default of financial instruments like bonds and corporate debt. They played a prominent role in the credit crisis that brought the downfall of investment banking giant Lehman Brothers Holdings Inc. last fall and nearly unraveled AIG, forcing the government to provide more than $180 billion in support.
The use of BlackBerrys and iPhones by jurors gathering and sending out information about cases is wreaking havoc on trials around the country, upending deliberations and infuriating judges.But a few paragraphs later, we see a problem with that assertion...
There appears to be no official tally of cases disrupted by Internet research, but with the increasing adoption of Web technology in cellphones, the numbers are sure to grow.I would think this sort of self-contradiction wouldn't happen in a heavily-edited paper like the Times, but because the Old Grey Lady has acted as its own voice of authority for so long, it's nothing unusual. Note to reporters: be careful with your blanket statements. I've goofed here, and others will too.
"The principle of the earmark is our responsibility. We're supposed to -- it's like a -- a tax credit. And I vote for all tax credits, no matter how silly they might seem. If I can give you any of your money back, I vote for it. So if I can give my district any money back, I encourage that. But because the budget is out of control, I haven't voted for an appropriation in years -- if ever. . . .Yes, you are. But this is also a republic. And you also have a responsibility to say, as somebody who's elected and paid to do their homework and understand the issues, "We can't afford it," which you said -- sorta. Why not just say that in the first place, rather than putting the earmark in anyway?
"I don't think the federal government should be doing it. But if they're going to allot the money, I have a responsibility to represent my people. If they say, Hey, look, put in a highway for the district, I put it in.
"I put in all their requests, because I'm their representative."
Paul suggested that doing away with earmarks was a back-door way for the executive branch to gain power over the legislative branch: "The whole idea that you vote against an earmark, you don't save a penny. That just goes to the administration and they get to allocate the funds. . . .Rep. Paul never gives examples of this in action, or how much money has been spent in this way. And frankly, the "if we don't spend it, somebody else will" philosophy doesn't hit me as sound financial policy.
"If you don't earmark something, then somebody else spends it and there's no transparency."
We remain too dependent on population growth to sustain our economic growth, some local officials say. This downturn could help us in the long run, they say, if it persuades us — at last — to diversify our economy.This isn't just an environmental question, although preserving the desert is part of it -- people live here for the natural beauty, but we won't have it if we keep blading over it.
"We're hooked on a drug right now," said Joe Snell, president and CEO of Tucson Regional Economic Opportunities Inc., the regional economic-development agency. "We're going to have to go through detox."
California's octuplets mom has agreed to allow a foster nursing charity to provide care for her eight newborns and six older children for at least six months, television therapist Dr. Phil McGraw said on Monday.And about that house...
Under the agreement between the mother, Nadya Suleman, and the philanthropic foundation Angels in Waiting, she and all 14 children will live together in a new home found for the family near her current neighborhood in suburban Los Angeles, a spokeswoman for McGraw said.
According to the news website TMZ.com, a four-bedroom, three-bathroom house with a large backyard is being purchased for the family by her father, with a "substantial down payment" coming from money Suleman has amassed in recent weeks, much of it presumably from donations.Dr. Phil gives me a rash, and I cringe at the celebritization of this dysfunctional delivery. What is Nadya Suleman doing on Entertainment Tonight, fercryinoutloud? However, if this new arrangement keeps the children in something resembling a normal family life (and I know that term has more stretch marks than the mother at this point) and out of state custody, then more power to them. I don't want to see these children treated as charity cases, but none of us want them on public assistance, either.
Obama’s reliance on the teleprompter is unusual — not only because he is famous for his oratory, but because no other president has used one so consistently and at so many events, large and small.In TV news, good anchors never use the prompter as a crutch. They know when to go to the script, and they know the stories well enough to wing it. I think President Obama's good enough to do the same -- yes he can!
After the teleprompter malfunctioned a few times last summer and Obama delivered some less-than-soaring speeches, reports surfaced that he was training to wean himself off of the device while on vacation in Hawaii. But no such luck.