online.wsj.com - 11/11/2008
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Getty Images President Bush and first lady Laura Bush greeted President-elect Barack Obama and his wife, Michelle, at the South Portico of the White House.
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FAIL: One Word For Them All
The Market Ticker —
... Now our fine President-Elect is browbeating Bush to put forward a stimulus bill before he takes office. Why not introduce one Senator? After all, The Democrats currently have a majority in both houses of Congress, do they not? Get together with some House Members in your party, pen it, and have them send it up. Get a nice veto-proof majority together (you know, that "deliberative and across the aisle" stuff?) and pass it. ...
GM’s incredibly sobering 10-Q…
footnoted.org —
Late yesterday, after a day of headlines like this one, General Motors (GM) filed an incredibly sober 10Q. Weighing in at 337 pages, GM seems to be worried that folks might not get through the whole thing. So they started off with a wallop of new disclosures, including this one:
We have had significant losses from 2005 through the nine months ended September 30, 2008, attributable to operations and to restructurings and other charges such as support for Delphi and future cost cutting measures. We have managed our liquidity during this time ...
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You Are Now Friends With Barack Obama —
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Politics this week —
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Lexington: Ship of fools —
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Political parties die from the head down JOHN STUART MILL once dismissed the British Conservative Party as the stupid party. Today the Conservative Party is run by Oxford-educated high-fliers who have been busy reinventing conservatism for a new ...
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