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...likely return on the investment. But even the minimal strings attached did not prevent the first $350 billion from vanishing, with the government overpaying about $78 billion for the assets it bought. The banks told pesky reporters and congressional watchdogs that how they spent the bailout cash was really none of their business. And now, Tim Geithner informs us, the financial system needs $2 trillion more...
...tragic that the stimulus program has been birthed, at last, but was stillborn. There are a number of other factors that could help reverse the drop in GDP, but none of these has a sure chance of success. It would be hard to find a large industry in America which is adding jobs. For that matter, it would be hard to find a large American company making net additions to its payroll...
...assuming that Hayek wasn't at risk of contracting anything from the baby - who Hayek reported was healthy but whose mother simply had no milk - none of these caveats seem relevant. Hayek's emergency nursing more closely resembles Chinese policewoman Jiang Xiaojuan's heroic breast-feeding of several babies orphaned by the May earthquake, and few would argue she was anything but a lifesaver...
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...safe assumption that none of the estimated 6 million Twitterers know Hoekstra as well as his wife, or even know him at all in the real world. But that, of course, is the appeal of the micro-blogging service. Folks can update their followers on what they are doing, thinking, enjoying or avoiding, all in 140 characters or less. For Representatives used to having their messages and contacts heavily filtered, Twitter offers a real-time connection with constituents and the media, for better or worse. (Read "Why Everyone's Talking About Twitter...