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...government should not intervene. It should leave overleveraged financial institutions to default on their derivatives obligations and, if necessary, file for bankruptcy. Much of the crisis has arisen from miscalculating the risks involved in a large book of positions in these derivatives. It is only logical that these institutions pay for their poor management...
...Campus employees are threatening legal action against the ban. The American Federation of State, County and Municipal Employees Council 13, which represents 2,500 system employees, and the Association of Pennsylvania State College and University Faculties (APSCUF) plan to file an unfair labor practice suit, arguing that to prohibit smoking without negotiations first violates employee contracts. "The system, no matter how politically correct the idea of a smoking ban is, should have negotiated the policy with the union," says APSCUF president Steve Hicks, adding, "[It] was insensitive to not recognize the impact on their largest constituent group - the students." PASSHE...
...that Democrats are not left passing this still very unpopular bill by themselves less than two months before the election. Boehner simply doesn't have the votes and nothing that President Bush, Vice President Cheney, Secretary Paulson or even Boehner has said has swayed the GOP's rank and file...
...platform is far from open. Developers and their programs must be approved by Apple. This does not sit well with the dudes who write software, and it's getting ugly among the rank and file. Apple, which has accepted then summarily rejected some apps after they've gone up, is doing a poor job of handling developer relations and is getting a reputation for being capricious. Some angry developers are already defecting to Android - the OS that powers T-Mobile's G1 and will power all successive iterations of the Google phone...
...inspectorate. But "stability" also means not letting the blame game allow its focus to center too squarely on the party. Within days of the story breaking, the state media was commanded by the Propaganda Department to tone down its coverage of the tainted-milk-powder scandal. Lawyers looking to file suits on behalf of aggrieved parents were ordered in no uncertain terms to drop their plans. Internet discussions of this and other recent disasters were swiftly deleted...