The possibility of a $700 billion bailout for Wall Street is looming large over the national conversation, so I’ll forgive you for not noticing these fun nuggets portending America’s doom:
Congress is working on passing a $25 billion bailout for Detroit automakers
And why $25 billion for companies that have long ago ceased to be worthy of [...]
[Editor's note: This is a guest post by Ian, our long time commenter.]
It appears that the current media buildup against China is working. A recent poll of Americans asked which country is the greatest enemy to the United States. China at 14% (up 3% from a year ago) was voted third behind Iran [...]
My theory on why the U.S. won’t boycott the Olympics: You don’t piss of your banker.
As I wrote in a previous post about U.S. debt to China, it’s not unreasonable to think we owe the Chinese about $1.5 trillion. I wrote then that “As our biggest investors, we will have to afford the Chinese government [...]
Art In Reality
“Official”
“Unofficial”
I’m sure the truth is somewhere in between (but leaning more towards the “unofficial” side of things given that the Chinese typically show nice big banners of hanged criminals in their train stations - not really squeamish about a good shooting, them)
Expect these throughout the torch relay run — this will probably be [...]
John Kerry was right.
In 2004, Kerry said “We have to get back to the place we were, where terrorists are not the focus of our lives but they’re a nuisance.” He said he we had to contain it, so “it’s not threatening the fabric of your life.”
Bush’s response was predictably insulting, simpleminded and inaccurate. [...]
Although the Chinese government keeps the exact data secret, it’s reasonable to believe that the United States now owes communist China $1.5 trillion. That’s an average of $6,000 owed per American.
James Fallows, of the Atlantic, manages to make the Chinese debt issue more understandable in a recent article (which you should definitely [...]