Looks like the well is dry for GM and Chrysler: The White House says neither GM nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit and putting in motion what could be the final two months of two American auto giants. The Obama administration, however, has […]
I missed this article by Thomas Frank yesterday in the Wall Street Journal: Last week, Republican presidential candidate John McCain called for a commission to “find out what went wrong” on Wall Street. It was an excellent suggestion: Public inquiries into Wall Street practices served the country well in the 1930s. And Mr. McCain has […]
If the NYT’s reporting about Rick Davis is so wrong, then why is he running? John McCain campaign manager Rick Davis–under the spotlight because of his work for mortgage giants Fannie Mae and Freddie Mac–is skipping a Wednesday lunch with reporters sponsored by the Christian Science Monitor. Do the innocent run, or do they try […]
According to a new poll: Asked which candidate could do a better job of handling the financial crisis as president next year, 48% of registered voters named Obama and 35% named McCain. And now that we got more news of McCain’s campaign manager being tied to Freddie And Fannie Mac, we can expect to see […]
McCain has tried so hard to tie Obama to Freddie and Fannie, but guess what? He hasn’t looked closely enough at his own campaign: Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie […]
And they want this idiot to be our vice-President? Speaking before voters in Colorado Springs, the Republican vice presidential nominee claimed that lending giants Fannie Mae and Freddie Mac had “gotten too big and too expensive to the taxpayers.” The companies, as McClatchy reported, “aren’t taxpayer funded but operate as private companies. The takeover may […]
It is time to hold these telecommunication giants liable for their actions in disclosing phone records to the government. The only privacy policy I could find for the companies listed in the USA Today article is that of Verizon (viewable here), and it appears they may have a problem: Disclosure of Information Outside Verizon As […]
There is a bunch of talk right now about the Net Neutrality Act. I decided it was time for me to explain it from a tech stand point. First off here is a short synopsis of what this is: “Net neutrality” is a concept that is still unfamiliar to most Americans, but it keeps the […]
I guess the Republicans in charge of our country do not like their citizens having access to information. One way to stop that is to overprice the internet to the point only CEO’s and millionaires can operate on it: FCC Chief Kevin Martin yesterday gave his support to AT&T and other telcos who want to […]
The Nation has a very interesting article that exposes what the telecommunication giants are trying to do behind are backs. According to the article, they are lobbying for the current legislation regulating their industry to be reduced so that they can set up a “pay to play” system. What that means is you will be […]