Thursday, November 13, 2008

I have to support the policeman in this one:

Our $3 Trillion Bailout

Adding together the $170 billion that the Treasury Department has currently agreed to provide banks in additional capital, the $150 billion that the Treasury Department and the Federal Reserve are providing to AIG and the $2 trillion that the Federal Reserve has provided banks in emergency loans brings the total assistance to $2.32 trillion. If the estimated savings from the new tax breaks are included, the assistance would climb to $2.46 trillion.

That total does not include other measures not focused directly on banks, such as Treasury Department's $200 billion in support for Fannie Mae and Freddie Mac, and the Federal Housing Administration's $300 billion HOPE for Homeowners program."

Add in another $50 billion for automakers, and that's how you get to $3 trillion.

Google the Flu?

then consider this quote:

Thomas Malone, professor at M.I.T.: "I think we are just scratching the surface of what's possible with collective intelligence."

Eric Schmidt, GOOGLE's chief executive vows: "From a technological perspective, it is the beginning." 

Monday, November 10, 2008

Let's slow down just a little bit:

Obama Holiday!??!

Can't we wait at least until he's served a few days in office? I am sure that there will be a holiday eventually. But I hate driving down Cleaver Blvd as it is. I think you should wait until someone is dead and gone before youstart naming roads and holidays after them. After all, it's possible ( albeit HIGHLY unlikely) that Obama could be as bad a president as G W Bush.

Fascinating interview with a Fed spokesman