Steve

SIX of the Bush gang are under special consideration for indictment by Baltasar Garzón, the Spanish investigative judge who ordered the arrest of Augusto Pinochet.  It is said that it is “highly probable” that the case will go forward and arrest warrants will be issued.  The charges will be for torture and mistreatmant of prisoners … Read more

Obama and Geithner’s plan for bank rescue sent the markets into euphoria.  Well it warmed their hearts to see the state subsidizing the same kind of hedge fund profiteering. Was that excitement a scary sign that the markets can see a team winking their way back to the bubble economy?  Paul Krugman thinks so. “Tim … Read more

It’s been a cathartic day going after AIG and the bonuses.  It’s a political chocolate factory; free righteous indignation about the bonuses (nobody’s mentioning the billions going to banks through AIG that don’t need them.  Elliot Spitzer (yes him) wrote interestingly about that on Slate (http://www.slate.com/id/2213942/). Chuck Grassley last night called for the bonus boys … Read more

Today marks the death of the Seattle Post Intelligencer. Published since the civil war, nothing could stop this paper, except our situation today. Hearst, who owns it and killed it today, promises a dynamic online replacement. What will it replace? What is now lost? Interestingly the SeattlePI.com website has a strong video about what will … Read more

Gradually coming into focus is the very harsh prospect of a world without newspapers.  McClatchy just announced more job cuts, the LA Times is becoming a shadow of what it was.  The Rocky Mountain News is gone and the SF Chronicle may be the first newspaper to go, leaving a major city newspaperless. The NY … Read more