Here is an illuminating interview between Bill Moyers and George Soros on the US Economy, the Global Financial Structure, and where we as a society are headed. Soros, you may recall, is the Right Wing's favorite multi-billionaire punching bag. Red-heads remain enraged by his apostasy to the monied class. He supported John Kerry. He warned of the collapse of Free Markets. He says Global Warning is real. He is supporting Obama. He is foreign.
But he's also right. This appeared over the weekend. Soros has some success explaining the current dilemma. What interests more are his solutions and the dangers ahead:
The Big Picture George Soros on Markets (Bill Moyers)
On a related note, it is interesting that today's announced US Government equity purchase of elite banks (and more to come) have a big empty sack. There is no language indicating how the US Government infused capital $$ should be spent by the banks. Of course, it is presumed that banks will use the money to start lending to each other and thus free up the Great Credit Spigot for our frozen economy. But there isn't anything to require them to do so. They could give the money to their shareholders as dividends. Now wouldn't that be something?
Today, National Review gave the heave-ho to Bill Buckley's son, Christopher. Banished. His crime: he came out with a piece supporting Barack Obama. Another apostate!! Put him in the same boat with Soros! So much for intellectual engagement and discussion of different ideas:
Christopher Buckley Shown the Door at National Review - The Washington Note#comments#comments#comments#comments
Undebated singularity of thought produces unexamined sameness of thought. Here is what happens when an environment becomes over-run with sameness, literally:
YouTube - Harry and Paul - Clarkson Island
Oh, very funny.
But he's also right. This appeared over the weekend. Soros has some success explaining the current dilemma. What interests more are his solutions and the dangers ahead:
The Big Picture George Soros on Markets (Bill Moyers)
On a related note, it is interesting that today's announced US Government equity purchase of elite banks (and more to come) have a big empty sack. There is no language indicating how the US Government infused capital $$ should be spent by the banks. Of course, it is presumed that banks will use the money to start lending to each other and thus free up the Great Credit Spigot for our frozen economy. But there isn't anything to require them to do so. They could give the money to their shareholders as dividends. Now wouldn't that be something?
Today, National Review gave the heave-ho to Bill Buckley's son, Christopher. Banished. His crime: he came out with a piece supporting Barack Obama. Another apostate!! Put him in the same boat with Soros! So much for intellectual engagement and discussion of different ideas:
Christopher Buckley Shown the Door at National Review - The Washington Note#comments#comments#comments#comments
Undebated singularity of thought produces unexamined sameness of thought. Here is what happens when an environment becomes over-run with sameness, literally:
YouTube - Harry and Paul - Clarkson Island
Oh, very funny.
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