Word: problem
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...problem isn't really pay; it's competence. The CEOs didn't understand the fine print. These firms collapsed out of ignorance fueled by avarice - a particularly toxic combination. Under the circumstances, Feinberg is doing the best he can. But what he's doing is more symbolic than real (although symbolism does matter). Meanwhile, genuine reform of the financial system is bogging down. Wall Street wins again...
...slated to open in November in a shopping area beneath one of France's most treasured cultural meccas - the Louvre - but the news has hardly caused a stir in the City of Light. Bank employee Laurent Mortin told the New York Times he didn't have a problem with the American import: "It's more of a real lunch than eating a sandwich in the street, and it doesn't take as much time as sitting in a restaurant...
...what kind of intelligence Ahmed Wali Karzai is giving the CIA. If he's telling it that things are fine in Afghanistan, that more American soldiers, time and money will take care of the Taliban and that Hamid Karzai is a competent leader, well, then we have a real problem. One that's a lot bigger than drugs. And it's an even bigger problem if the White House believes anything Karzai has to say. (See pictures of the presidential election in Afghanistan...
...before anyone calls for a congressional investigation, let's remind ourselves that Afghanistan isn't Sweden. We had no problem dealing with Afghan Islamic fundamentalists, terrorists, drug dealers and thugs when the Carter and Reagan White Houses waged a proxy war against the Soviet Union in the '80s. The CIA and the White House turned a blind eye to our proxies' faults because the fundamentalists were the best fighters and happy to take down our Cold War enemy...
Read "Karzai's Problem Brother: Drugs, Spies and Controversy...