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Sample Postings: 6 of the most recent entries ordered by date
[ Wednesday, February 25, 2009 13:58 PDT ]
Legacy Journal: Obama is beyond Lincoln
Section:
Commentary
Summary:
More than 14,000 titles have been written on Abraham Lincoln.
Main:
The result is more than a little mythology behind the man as noted by a Wednesday RIT Osher Book Club discussion on the Lincoln presidency build around the Doris Kearns Goodwin book. A similar note was struck by another peer group class on Wednesday. That class was on the year of 1933 in the life of another icon of his age, Albert Einstein.
In 1933 Einstein was lured to the Center for Advance Studies at Princeton by Abraham Flexner and the promise of tenure, a lifetime salary of $15,000, a residence, and a position for his long-time collaborator and “computer”.
Meanwhile, Team Obama is operating out of the White House with a smart but thin bench. That team is partnering with Pakistan, moving out of Iraq, capitating carbon, soaking the 5-10% of american who report an income of more than $250,000, projecting forward 10 years federal budget saving and building health care reserves, “stressing” the nation’s 20 largest banks to provide a capitalization “cushions” of unspecified size, subsidizing green buildings and alternative fuels, pushing education loan under writings and grants, reforming public education, stopping climate change, eliminating cancer, relieving job stress, and extending unemployment benefits.
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[ Friday, February 20, 2009 07:44 PDT ]
Legacy Journal: Friday Follies
Section:
Commentary
Summary:
Today in an inside day in Rochester. The snow is wind driven, the roads are icy, the teapot is hot, and ClearWire is at work with FireFox firing the Desktop.
Main:
Meanwhile, many are conflicted as to the meaning of moral hazard, AKA, moral jeopardy. Actually the term define a simple economic concept that has current significance and gravity of import.
A moral hazard is the displacement of individual downside financial risk via a mechanism like private insurance or a guaranteed bale out. The potential of a hazard is created when one gambles. It is executed when the gambler is made whole at the expense of someone else who is not a willing participant is the enterprise. Often, a federally mandated bale out like mortgage rescues at taxpayer expense constitutes a classic example of a moral hazard.
Massive moral hazards are not liked by stock markets and they tend to correct in a rational manner—to the downside slide.
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[ Monday, February 16, 2009 11:17 PDT ]
Legacy Journal: Monday Matter: Valentine’s, Presidents, and the Oscars
Section:
Commentary
Summary:
Common Matters:
* Valentines
** Presidents
*** The Oscars
Main:
What do they share?
First, an opportunity to recall old memories, have a party, and to anticipate the event. It seems that even TR has joined Presidents Day blitz of advertising imagery, the sweet sentiments of Valentines Day longings, and the speculation of emerging Hollywood stars.
Second, even a Strong supporting case can be an embarrassment to the stars. Was it really Eric Holder our new Attorney General who recently collectively labelled (?liabled?) a ” Nation of Cowards.”? The good news for the country is that the Department of State and envoy Holbrooke recently returned to Washington from his listening trip to Pakistan and is speaking with force, clarity, and with action that has consequences, like receiving a contingent of regional official next week.
Third, he may not get an Academy Award, but even the nytimes, in an OUTPOST blog, has noted the 100th birthday and the intact stature of Wallace Stegner.
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Black and White: • Bright Lights: • Calendar: • Monday: • Culture Clash: • Popular Culture: • Memory Lane: • Previews: • Senior Status: • Young at Heart: • (0) Comments: • (0) Trackbacks: • Permalink:
[ Friday, February 13, 2009 07:08 PDT ]
Legacy Journal: February Friday 13
Section:
Commentary
Summary:
* Friday 13 and Valentine’s Week End. What a Pairing!
** Time to take a Liberal to dinner and discuss the U.S. Court of Claims ruling that childhood vaccinations were unlikely to have caused autism in 5,000 kids as claimed by their partents and their legal representatives before the court.
*** Meanwhile, what is playing in Peoria and Springfield? And the price of oil. How low can it go?
Main:
At least Michelle is in Vogue even if the Republicans on the Hill will not share the ball with the people down the hall. These days in Washington, Glamor seems to carry more weight than Global Climate Change.
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[ Wednesday, February 11, 2009 13:23 PDT ]
Legacy Journal: Wednesday Whine
Section:
Commentary
Summary:
News and Commentary:
* Is 3 days in Pakistan and Afghanistan enough for Richard Holbrooke, the State Department and the Administration to full assess the complexities of that region?
** Why is it that Tim Geitner seems like a smart, youthful, but not fully comfortable Secretary of the Treasury?
*** How much cash and guarantees will it take to liquidate bad mortgages from the balance sheets of our nation’s growing list of trouble banks?
Main:
Answers:
* NO
** He has never been in this area before.
*** No one knows. Estimates run as high as 7 billion $. The Saving and Loan bailout and bank relief efforts during the Depression offer some economic history to the answer.
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[ Monday, February 09, 2009 07:21 PDT ]
Legacy Journal: Monday Morning Musings
Section:
Commentary
Summary:
The weekend commentary on the state of the economic stimulus bill pending in Congress is a follows:
* The process is not bipartisan.
** The liberal appropriations committee chairpeople have highjacked the train, installed a new engineer, and rerouted the cargo.
*** The President appears to standing free of the messy legislative fray and it taking his continuing campaign to Indiana, Florida and to the nation in a primetime press conference.
Main:
Meanwhile “mistakes have been made”: Where, When , Why and by Whom remains ambiguous and unclear. The answer may take more than a second cup of java to settle.
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