Word: californiaisms
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...that because of the funky nature of AIG's insurance. Other types of insurance do not carry the same risks because when one claim pays out, it does not snowball. AIG's insurance on foreclosures and other defaults is not like insurance for accidents and disasters; while earthquakes in California are not correlated with earthquakes in New York, foreclosures are spiraling out of control together, fueled by a widespread recession...
...this year, you will undoubtedly have seen Sean Penn’s acceptance speech for his prizewinning performance in Milk. The film, a masterful exploration of this country’s embarrassing intolerance of homosexuality, is a particularly poignant one in a year in which Proposition 8 passed in California. But, in an apparent attempt to reiterate such artistic profundity, Penn chose not to give the usual Oscar spiel of effusive gratitude. Instead, he urged those who supported the ban on gay marriage to reflect on their decision’s impact...
...California's Supreme Court shifting on gay marriage...
...abandoned. In a paper published March 2 in the San Francisco Chronicle, two law professors from Pepperdine University issued a call to re-examine the role the government plays in marriage. The authors - one of whom voted for and one against Proposition 8, which ended gay marriage in California - say the best way out of the intractable legal wars over gay marriage is to take marriage out of the hands of the government altogether. (See pictures of the busiest wedding day in history...
Their idea got a big boost three days later, during the March 5 oral arguments before the California Supreme Court, which is expected to issue a ruling soon in the case brought by gay couples and others who argue the constitutional amendment passed by voters last fall should be invalidated. Justice Ming Chin asked attorneys for each side whether the idea would solve the legal issues connected to gay marriage - issues that at their core revolve around the question of whether allowing some couples to marry but not others violates constitutional guarantees of equal protection under the law. (Check...