Archive for March 25, 2009
Cross My Fingers
I’m no economist and to say that I don’t understand the complexities of the financial crisis is an understatement but after having scowered the financial press for the last five years as a result of my work at News Hounds monitoring Neil Cavuto, I do know who has been telling the truth, whose projections have come to pass, and who I trust. Nouriel Roubini is one of the few and he, “finds promise in Obama’s Toxic Asset Plan.”
Guess I’ll just have to cross my fingers and hope he’s right.
Think
“As far as I knew, white women were never lonely, except in books. White men adored them, black men desired them and black women worked for them.”
Maya Angelou
Civil Disobedience – the French Way
(UPDATE I below.)
I’ve always respected how the French speak out and make demands of their government and employers (through protests and strikes). They don’t take things lying down like we do. They’ve got class too. Turns out, workers at a 3M plant in a town south of Paris have been holding their boss hostage since yesterday but if the strike doesn’t end this evening, they plan to bring him “mussels and french fries for dinner.“
(I know the French have been known to riot as well but I think this particular story is pretty great; not because of the work situation but because of the assertive but relatively peaceful way the workers are going about making their point. I’ll try to follow up and let you know what happens.)
UPDATE I: French workers release factory boss.
Not Such a Good Deal
Bloomberg: California home prices sank 41% last month on foreclosures. (Emphasis added.)
One Saturday a few months ago I caught the tail end of a show (didn’t catch the name but I think it was on HGTV) that followed a busload of people driving around Southern California looking at (and making offers on) foreclosed homes. The trip was organized by a local realtor and the meme was, of course, that the homes were great deals and that the participants had better snatch them up ASAP while the prices were so low.
Poor people.
