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...Given the immensity of the crisis, a Congress-approved bailout may be just a short-term fix. But a short-term fix is better than no fix. If nothing else, it would signal to the world that - unlike in 1930 - the U.S. is doing what it can to avoid financial calamity and sidestep Depression...
...Democracy is bigger than any one person.' WILLIAM C. THOMPSON JR., New York City comptroller, decrying the prospect that Mayor Michael Bloomberg will push for a change in city law to run for a third term. Thompson plans to run for mayor...
...began is the keyword. To obtain financing, TransCanada will need commitments from producers to use the pipeline. But the majors aren't likely to agree to pay someone else tariffs for pipe they could lay themselves, and this they have steadfastly refused to do without long-term tax breaks from the state. Palin's initiative was "bold but unworkable, a big splash with little payoff," says University of Alaska energy economist Doug Reynolds. He predicts no movement on a pipeline until Palin agrees to negotiate with the producers...
...That message unsettles Tories. Their leader turns 42 on Oct. 9 and has only ever served as an opposition MP. "To do difficult things for the long term, or even to get us through the financial crisis in the short term, what matters more than experience is character and judgment," Cameron told delegates in his closing address to the conference. "I believe that to rebuild our economy, it's not going to take more of the same, it's going to take change ... Experience is the excuse of the incumbent over the ages. Experience is what they always say when...
...Thatcherism, the belief that free markets and red-in-tooth-and-claw capitalism were the essential underpinnings of successful modern societies. Granted, he has been moving away from such neoliberal fundamentalism for years. I remember a conversation with him precisely 10 years ago - after the collapse of Long Term Capital Management and Russia's default, the last time when it looked as if the market revolution were in peril - when he lamented that neoliberals had "underestimated the revolutionary nature of global capitalism," with its power to upend the familiar landscape and turn it into a churning place of impermanence...