As If 4 Million People Were Not Enough

The DC City Council has just voted to let the bars keep pouring until 5 a.m. on inauguration week. I wonder what a Baracktail tastes like. Or will they be selling Obamatinis? FROM THE COMMENTS: Paul Dirks wisely observes, “I can see it now….People wandering the streets looking for change they can relieve in.” Adds [...]

Georgia Senate Seat

NEWS FLASH: Georgia is still a conservative state. Saxby Chambliss’ runoff victory in a race that didn’t turn out to be close at all (the latest figures have him beating challenger Jim Martin by a lopsided 58-43%, with voter turnout around half of what it was in last month’s general election) has killed the Democrats’ [...]

Today In Troubling Financial News

(In the interest of sanity, this will not be a regular feature.) –Currency fluctuations in China seem to signal a coming political crisis. “[D]omestic and global economic weakness could test the grip of the ruling Communist party. ‘This is clearly a reference to the fact that weak growth is likely to lead to significant social [...]

Auto Bailout Plans

The first of the Big 3 proposals on how to turn their businesses around is in and Ford – the strongest of the three companies – says it may be able to go it alone. Barring the bankruptcy of one of the other automakers – a really big if – Ford tells Congress it likely [...]

Meanwhile, In The Carpool Lane

The Big Three auto bosses will present Congress with an actual plan today to not just throw $25 billion of taxpayer money down the bottomless bailout hole. (If reports are to be believed, these executives will also endure the punishment of actually having to use their own vehicles to drive from Detroit to a new [...]

Save Money, Turn Off Your TV

Thanks to the wonders of YouTube there are now hundreds of videos online about all the financial TV punditry that was horribly, terribly, awfully, totally and completely dead wrong over the last couple years. Not that any of you are taking your investment cues from Fox News, but there is an inevitable vertigo (or is [...]

“I Was Unprepared For War”

So says a candid President Bush, in an interview set to air today with Charlie Gibson of ABC News. GIBSON: What were you most unprepared for? BUSH: Well, I think I was unprepared for war. In other words, I didn’t campaign and say, “Please vote for me, I’ll be able to handle an attack.” In [...]

Recession

It’s official, we’ve been in a recession for a year now. But, hey, don’t let that spoil your cyber Monday.

In the Arena

Better Questions, Please

Watching the Obama rollout of his national security team from overseas–I’m in Europe, on my way to Afghanistan–I was struck by the inanity of most of the questions from my colleagues. Granted, these are political reporters, not national security or foreign policy specialists, but what sort of journalist expects the President-elect to tell the “inside [...]

Fix the FDA

There is no agency that has more effect on our day-to-day safety than the Food and Drug Administration. It is also responsible for maintaining consumer confidence in products that account for one-quarter of our economy. And yet, the Bush Administration has set it adrift. For more than half of the past eight years, it hasn’t [...]