A Dubai skyscraper flipping off the world The Rolling Depression that began on Wall Street last year just found its next victim, the glittering mirage of a city called Dubai. The announcement last week that it could no longer meet its payment obligations on some $80 billion of debt sent world financial markets reeling. Dubai is the perfect exemplar of …
Dick Cheney reprising the role of Guy Pearce So where are you? You’re in some motel room underground bunker. You just – you just wake up and you’re in – in a motel room bunker. There’s the key. It feels like maybe it’s just the first time you’ve been there, but perhaps you’ve been there for a week, three months. …
Geithner & Summers manning the oars after Bush decided to empty the boat’s bilges by drilling a hole in its bottom Bush sinks the economic ship of state. Obama launches the life rafts, piloted by Wall Street insiders Timmeh Geithner and Larry Summers. But the sharks (hedge funds, private equity firms) are circling and there’s lots of stormy weather ahead. …
President Bush getting in touch with his inner chimp George W. Bush can’t quite figure out why his presidency is proving to be the greatest failure in modern history. In an an interview with ABC’s Charlie Gibson the other day, he was his usual clueless and inarticulate self. GIBSON: Do you feel in any way responsible for what’s happening? BUSH: …
Sarah Palin holding Trig, while Willow and Piper keep mom upright. First, a little context. When our self-proclaimed CEO president, George W. Bush took office the week of January 22, 2001, the Dow Jones Industrial average was 10,659. Yesterday, it closed 50 points under that. Bill Clinton left a budget surplus of over $250 billion. Bush will leave office with …
Apologies to Thomas Nast for borrowing his September 23, 1871 cartoon captioned: “A Group of Vultures Waiting for the Storm to ‘Blow Over’—‘Let Us Prey” Yes, that’s Satan’s lapdog, Carl Rove behind her, so to speak. . . The media shit-storm over the assassination slur probably hasn’t reached full pitch yet, but who really expects it to even momentarily …
