Especially when the security guards hold him up ahead of his showpiece 100-meter event.
More


| 1497 | John Cabot returns to England after his first successful journey to the Labrador coast. | |
| 1863 | The CSS Alabama captures the USS Sea Bride near the Cape of Good Hope. | |
| 1888 | Martha Turner is murdered by an unknown assailant, believed to be Jack the Ripper, in London, England. | |
| 1890 | William Kemmler becomes the first man to be executed by the electric chair. | |
| 1904 | The Japanese army in Korea surrounds a Russian army retreating to Manchuria. | |
| 1914 | Ellen Louise Wilson, the first wife of the twenty-eighth president, Woodrow Wilson, dies of Barite's disease. | |
| 1927 | A Massachusetts high court hears the final plea from Sacco and Vanzetti, two Italians convicted of murder. | |
| 1942 | The Soviet city of Voronezh falls to the German army. | |
| 1945 | Paul Tibbets, the commander of Enola Gay, drops the first atomic bomb on Hiroshima, Japan.It was the second atomic bomb, dropped on Nagasaki, that induced the Japanese to surrender. | |
| 1965 | President Lyndon B. Johnson signs the Voting Rights Act, outlawing the literacy test for voting eligibility in the South |
The Justice Department has refused to let the F.B.I. check its records to determine whether any of the 1,200 people detained after the Sept. 11 attacks had bought guns, F.B.I. and Justice Department officials say.You think they're gonna care about crazy people if they're willing to defend Osama bin Laden's right to be arms right after he killed 3,000 people in NY and Pennsylvania?
The department made the decision in October after the F.B.I. asked to examine the records it maintains on background checks to see if any detainees had purchased guns in the United States.
Mindy Tucker, a spokeswoman for the Justice Department, said the request was rejected after several senior officials decided that the law creating the background check system did not permit the use of the records to investigate individuals.
Ms. Tucker did not elaborate on the decision, but it is in keeping with Attorney General John Ashcroft's strong support of gun rights and his longstanding opposition to the government's use of background check records. In 1998, as a senator from Missouri, Mr. Ashcroft voted for an amendment to the Brady gun-control law to destroy such records immediately after checking the background of a prospective gun buyer. That amendment was defeated.
[W]hen all the women who wanted jobs had gotten them ... our "prosperity" became debt-driven. That period lasted until, oh, yesterday (ok, 2008). By my count, that's 20-plus years of debt intake. Clearing that debt is a job that has to be done. Starting now is a very good thing.Also this, from the same piece:
How long will it take to clear 20 years of debt? If it "only" takes ten years, we'll have gotten off lightly — and it will feel like forever.
We won't have a real recovery until that debt is either paid off or destroyed (via bankruptcy, forgiveness, or some other form of debt-clearing). ...In other words, no recovery without debt reduction in some form. And the slow way — making every banker whole in a depressed jobless economy — can be slow the point of "never gonna happen." Personal debt must be cleared by some faster means.
Think of household debt as a hole that has to be filled (with money) before big-screen spending can resume. The ratio of "debt relative to income" is a key metric in recovery of the consumer economy. The point at which debt-burdened people "feel" unburdened enough to start spending — that's when their personal economy recovers.
Unfortunately, the administration’s initial debt relief efforts were ineffectual: Officials imposed so many restrictions to avoid giving relief to “undeserving” debtors that the program went nowhere.About the third, as soon as Lyndon Johnson–created welfare programs benefited dark people, white America rebelled. From Nixon's "southern strategy" to Reagan's "welfare queens" to Clinton's "welfare reform" — the War on Poverty quickly became a war on the poor. To thunderous bipartisan applause.
More recently ... the administration has gotten a lot more serious about the [personal debt] issue. And the obvious place to provide debt relief is on mortgages owned by Fannie Mae and Freddie Mac ...The form of that administration support involves Tim Geithner and the Treasury Department. Krugman from a different source:
The idea of using Fannie and Freddie has bipartisan support. Indeed, Columbia’s Glenn Hubbard, a top Romney adviser, has called on Fannie and Freddie to let homeowners with little or no equity refinance their mortgages, which could sharply cut their interest payments and provide a major boost to the economy.
The Obama administration supports this idea and has also proposed a special program of relief for deeply troubled borrowers.
Treasury Department [has requested that FHFA] offer debt relief to troubled homeowners ... backed by an offer by Treasury to pay up to 63 cents to the FHFA for every dollar of debt forgiven.But DeMarco, acting head of FHFA, has refused the offer. And that's where things stand. For Krugman, this is unacceptable.
[T]here is simply no way that it makes sense for an agency director to use his position to block implementation of the president’s economic policy, not because it would hurt his agency’s operations, but simply because he disagrees with that policy.■ Who is Ed DeMarco and why is he acting this way?
He’s a civil servant who became acting director of the housing finance agency after the Bush-appointed director resigned in 2009. He is still there, in the fourth year of the Obama administration, because Senate Republicans have blocked attempts to install a permanent director. And he evidently just hates the idea of providing debt relief.He's a Bush holdover (a kind of embed) who ended up acting director because of Mitch McConnell's obstructionism. If he can't be fired, he can certainly be replaced at the start of Obama's second term via a recess appointment, something Krugman strongly advocates.
Las Vegas Sands Corp, controlled by billionaire Republican donor Sheldon Adelson, is the target of a federal investigation into possible violations of U.S. money-laundering laws, the Wall Street Journal reported on Saturday.
The Los Angeles U.S. attorney’s office is looking into the casino company’s handling of the receipt of millions of dollars from a Mexican businessman, later indicted in the United States for drug trafficking, and a former California businessman, later convicted of taking illegal kickbacks, the Journal said, citing lawyers and others involved in the matter… The Journal said there are no indications that actions by Adelson, who is the company’s chief executive officer and largest shareholder, are being investigated.









