Archive - Jan 16, 2008 - topic

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The Associated Press

Wall Street is moving. Unfortunately, it's in a downward trajectory.

Featured Topic | Posted 51 weeks 10 hours ago

The economy is sagging. Is it time for a stimulus package?

Stocks are down. Inflation is up. Homeowners are keeping a jittery eye on their mortgage statements.

With the U.S. economy seemingly teetering on the edge of recession -- if, indeed, it hasn't already done so -- there are growing calls for "stimulus." And it seems Federal Reserve chairman Ben Bernanke is joining their ranks.

“He said that while he wasn’t going to endorse a specific plan, if an economic stimulus package was properly designed and enacted so that it enters the economy quickly, it could have a very positive effect,” Sen. Chuck Schumer said Wednesday.

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Ben likes: Tax cuts vs. tax rebates

Brian M. Riedl/Washington Times

High tax rates reduce economic growth because they make it less profitable to work, save and invest. This translates into less work, saving, investment and capital — and that results in fewer goods and services. Reducing marginal income tax rates motivates workers to work more. Lower corporate and investment taxes encourage the savings and investment vital to producing more plants and equipment, and better technology. By contrast, tax rebates fail because they don't encourage productivity or wealth creation. No one has to work, save, invest or create any new wealth to receive a rebate.

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Joel likes: Will the faltering economy help the Democrats?

Robert Kuttner/The American Prospect

One of the most misleading clichés of politics is the advice that when your opponent is doing himself in, just get out of the way. Economic recession or no, Democrats will not win a resounding mandate by backing into the presidency. The Republicans are fully capable of distancing themselves from Bush's economic policy. Gov. Mike Huckabee can sound almost as populist as the Democrats.

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The Associated Press

It's thinner. Is it a winner?

Featured Topic | Posted 51 weeks 17 hours ago

MacBook Air: Style over substance or another winner for Apple?

This year's Macworld Expo didn't bring any big surprises like last year, when Apple CEO Steve Jobs wowed the audience with the iPhone. The highlight of Jobs' keynote presentation was what he called the world's thinnest notebook computer. At its slimmest, the MacBook Air measures just 0.16 inch and weighs a mere 3 pounds. The biggest thing about it is its price tag -- $1,799.

"We're talking thin here," Jobs said, as he pulled a MacBook Air from a manila envelope on stage and generated "oohs" and "aahs" from the packed crowd at the Moscone Center.

It's gorgeous to look at. But will the MacBook Air sell?

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Ben likes: Jobs doesn't wow? Wonderful!

Tim Meyers/The Motley Fool

For an Apple follower like me, it was the headline I never expected to see: "Jobs Fails to Wow at Macworld." Really? Really.

Here's how one attendee of the show of shows for the iFaithful put it in an interview with Forbes: "Lame." Investors appear to agree. Shares of Apple were down more than 5% yesterday and are down today as I write. Are we really this juvenile? Has anyone actually given thought to what Apple did announce yesterday? Investors remain unconvinced that the Mac's daddy could be worth owning. They couldn't be more wrong.

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Joel likes: MacBook err

Paul Boutin/Slate

This is a major technical and aesthetic breakthrough, and a killer feature for those vexed by the fact that you can't send laptops via interoffice mail. But as I watched Steve Jobs demo his new products onstage at San Francisco's Moscone Center, I was struck by all the things you can't do with the MacBook Air. That's because the balance of power at Apple, and in the tech world generally, has tipped. In many ways, phones are now more powerful than laptops.

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The Associated Press

Opposition supporters, seen behind one of the opposition parties' flag, rally Tuesday in downtown Tbilisi, Georgia.

Featured Topic | Posted 51 weeks 19 hours ago

Is freedom waning around the world?

Political freedom is retreating in large parts of the world including Russia, Iran, Pakistan, Venezuela, and China, the independent Freedom House human rights organization reported on Wednesday.

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Ben likes: Faltering freedom

Wall Street Journal Asia

Yet the universal hunger for liberty isn't dead, even if it's not yet sated. More than anything, this year's Freedom in the World report should be a wake-up call in the free world. Free nations once offered publicity and moral support to dissidents behind the Iron Curtain; after a post-Cold War hiatus, it's time to renew that focus. If anything, the stakes are higher now.

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Joel likes: Poof: The Post-Revolutionary Disappearing Act

Josh Kurlantzick/Carnegie Endowment for International Piece

Just three months ago, the world watched, transfixed, as thousands of Burmese monks marched through the streets of Rangoon. Their demands for change after decades of harsh military rule elicited almost universal sympathy and impassioned calls for solidarity. The United Nations hastily sent its special envoy into Burma. Both President Bush and the First Lady seemed personally affected--Laura Bush, who rarely steps out of her animatronic shell, publicly called on the Burmese junta to make way for democracy and announced that "people everywhere know about the regime's atrocities."

Three months later, the protests already seem long ago.

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The Associated Press

Iraq is on this soldier's agenda every day.

Featured Topic | Posted 51 weeks 21 hours ago

Congress returns, but Iraq is not on the agenda

As Congress opens the 2008 session, it’s hard to find Iraq anywhere on the official agenda.

The Senate Foreign Relations Committee has no Iraq hearings scheduled, while the House Foreign Affairs Committee is focusing on Pakistan. It's the same for other relevant committees.

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Ben likes: 110th Congress II -- The Revenge!

Ed Morrissey/Heading Right

Congress has returned, and the forecast looks a lot like the recap of its first half. Expect more division, more silly revotes on legislation already vetoed twice, and even less accomplishment in the second half of the Lost Congressional Session — if such a thing is possible.

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Joel likes: Looking for a display of leadership

Dan Froomkin/Nieman Watchdog

When it comes to the dominant issue of the day, Iraq, Democrats say they are devoted to ending the war. But so far they have been afraid to use – or even threaten to use – the only truly potent weapon in their arsenal: a cutoff of funds. Democrats in Congress may not have enough votes to override a presidential veto, but a simple majority is all it takes to stop writing Bush blank checks.

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The Associated Press

It used to be about the love of the game.

Featured Topic | Posted 51 weeks 23 hours ago

Baseball strikes out on steroids, but should Congress interfere?

Say it ain't... oh, heck, everybody knows it is so.

So when Bud Selig and Donald Fehr went to Congress on Tuesday, there was no pretending anymore: Baseball has a steroid problem. It's best hitter of the last 20 years is under suspicion. So is its best pitcher.

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Ben likes: Deceit spins out of control

Richard Justice/Houston Chronicle

Baseball's code of silence protected many of the cheats. They figured their secrets would be safe forever. Some players are going to get away with using performance-enhancing drugs. Those who have been caught are paying a high price in terms of having their accomplishments and reputations tainted. Some might end up paying with their freedom. Will it ever end?

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Joel likes: Is baseball already losing the next steroid battle?

Josh Patashnik/The Plank

Baseball has made real progress in curbing the use of performance-enhancing drugs. And it's important, as Mitchell implores, not to get hung up on the past. But one can't help but get the feeling that the league is only willing to go as far as public pressure and congressional finger-wagging force it to. Baseball's record on steroids should make clear that the burden of proof is on the league to demonstrate that it's doing everything humanly possible to fight performance-enhancing drugs. That's a standard it's not living up to.

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The Associated Press

Romney finally got his gold. Now what?

Featured Topic | Posted 51 weeks 1 day ago

Does the GOP have a front-runner? Or a mess?

Mitt Romney is back.

The man whose father was once governor of Michigan won that state's primary, giving him a much-needed win in the race for the GOP nomination. And his aides are proclaiming his "Mitt-mentum."

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Ben likes: McCain’s Failure in Michigan

John Podhoretz/Commentary's Contentions

Mitt Romney’s victory in Michigan is a testament to his remarkable elasticity. Having spent two years running as a social conservative, which he is not, he decided a week ago to run as a businessman reformer. It didn’t carry him over the threshold there, but it evidently has in Michigan — where, among other things, the Republican candidate seems to have made wildly un-Republican promises to use the powers of the federal government to restore, through some mystical spell, automotive-industry jobs to the suffering state.

Romney may not have won in Michigan so much as McCain lost it.

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Joel likes:Mitt Romney, president of Michigan

Mike Madden/Salon

Now Romney is once again moving on from Michigan, just as he did when he left the state for school, a career, a family; for life, basically. By beating McCain here, he kept himself in the race and kept the field wide open. Three different candidates have won the first three contests.

To hear him tell it, Romney won in Michigan because voters are finally sick of a broken Washington. He's the candidate of the future, he says, not the pessimism of the past. But if his path to the White House is going to stretch longer than his father's did, Romney needs to prove he can keep winning -- even when the race moves to states where no one keeps the family's old memorabilia lying around.

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The Associated Press

Too close for comfort?

Featured Topic | Posted 51 weeks 1 day ago

Bush to the Saudis: More oil, please

President George W. Bush ends a Middle East trip on Wednesday in which he told regional allies high oil prices are in no one's interest. Bush spent two nights in Saudi Arabia stressing close personal ties and during an overnight stay at King Abdullah's desert ranch planned to bring up his concern about oil prices that have hit $100 a barrel.

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Ben likes: The shame of groveling for $100 oil

Investor's Business Daily

Instead of begging oil sheiks to open the spigots, as the president shamefully did Tuesday in Riyadh, he should be pressuring Congress to open up Alaskan and Gulf Coast refuges to drilling. But in an unseemly act of desperation during his first visit to Saudi Arabia, the world's largest oil producer, President Bush openly pleaded with King Abdullah to help raise OPEC production and tame energy prices."It would be helpful," Bush suggested, noting that $100-a-barrel oil could tip the U.S. economy into recession.

His plea was summarily rebuffed. "We will raise production when the market justifies it," the Saudi oil minister sniffed.

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Joel likes: He kisses for thee

Blake Hounshell/Foreign Policy

You might look at at the picture of the president cheek to cheek with Saudi Arabia's monarch and say, "Wow, U.S. President George W. Bush sure is tight with the dictatorial King of Saudi Arabia. They behead people and fund the spread of Wahhabist ideology. What a corrupt relationship."

But the reality is, if you're a gasoline-consuming American, you're deeply complicit in this marriage, too. So laugh all you want at Bush, but he kisses Saudi cheek for thee -- just as U.S. presidents have done for decades. There's nothing particularly unique about Bush's relationship with the Saudis.

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The Associated Press

A president, or a pastor?

Featured Topic | Posted 51 weeks 1 day ago

God, Mike Huckabee and the Constitution: Tearing down the "wall of separation"?

Christian values usually features prominently in Mike Huckabee's stump speech. But Huckabee got specific in Michigan on Monday night, elaborating on his belief that the constitution needs to be amended.

"[Some of my opponents] do not want to change the Constitution, but I believe it's a lot easier to change the constitution than it would be to change the word of the living God, and that's what we need to do is to amend the Constitution so it's in God's standards rather than try to change God's standards," Huckabee said, referring to the need for a constitutional human life amendment and an amendment defining marriage as between a man and a woman.

Did Huckabee cross the bounds of American political discourse?

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Ben likes: Huckabee just lost the election

RC2/Wheat and Weeds

If I work really hard, I can just barely defend that remark, but jiminy, if that quotation is accurate, it's a disaster. In one sentence Mike Huckabee just:

  • ceded the ground to those who would make the Constitution into anything they want (that's what he's doing after all)...
  • and arguably called for theocracy (that's how it will play in the attack ads should he be the nominee).
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Joel likes: Amending the Constitution to represent God's standards

Scout Finch/Daily Kos

Yes, he wants to amend the Constitution to reflect God's laws. American Taliban anyone? How long before adultery is punishable by stoning? And divorce? Forget about it. We should probably go ahead and cancel the NFL on Sundays too. Mike Huckabee's grand plan to save America is to save us all... one by one. The question is, are voters ready to be saved?

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