Public figures aren’t characters.
Speculation that the euro might fall to parity with the dollar. This would be a disaster, of course: far fewer exports to Europe, meaning (likely) a wider trade deficit, meaning more debt to America. Fun, fun, fun.
Paul Krugman’s latest column is on the extremism of Republicans, and here’s a case study:
Two Iraq veterans who left the military after surviving charges of crimes against detainees are running credible campaigns for Congress. And far from minimizing the incidents, both candidates have put the accusations front and center in their campaigns, attracting rock-star adulation from conservatives nationwide in the process. But critics, including human-rights activists, veterans, and now even defeated primary opponents, warn that their records should disqualify them from office.
Last week, Ilario Pantano won the Republican nomination in North Carolina’s 7th District, setting up a challenge to incumbent Democrat Rep. Mike McIntyre in November. In 2001, immediately following the 9/11 terror attacks, Pantano, a veteran who had previously fought in the Gulf War, left his career as a successful producer and media consultant in his native Manhattan to rejoin the Marines and was eventually deployed to Iraq. In April 2004, Pantano killed two unarmed Iraqi detainees, twice unloading his gun into their bodies and firing between 50 and 60 shots in total. Afterward, he placed a sign over the corpses featuring the Marines' slogan “No Better Friend, No Worse Enemy” as a message to the local population.
…GE Capital [is] one of the key stories of the change in the American economy of the late 20th century…GE Capital was founded in 1932 to finance dealer inventories and consumer purchases. People made things in a factory and bought things from a factory and GE Capital helped provide both a burgeoning middle class and the businesses that served it with sufficient lines of credit.
Starting in the 1960s it began to provide leasing and financial services to other large Fordist-Keynesian style businesses. And then starting in the 1980s during the financial deregulatory wave it expanded rapidly into one of the world’s premiere shadow banks: it was the single largest issuer of commercial paper in the United States before the crisis, with $620 billion in assets at the end of 2007.
On FCC chairman Julius Genachowski v. the broadcast networks.
A former Mexican Presidential candidate has gone missing, probably abducted (one assumes by the drug cartels).
Can chess be solved?
Spain’s immigration problems.