Relevant and even prescient commentary on news, politics and the economy.

Georgia and USSR

by rdan Reuters updated 11:34 a.m. ET, Tues., July. 15, 2008 VAZIANI, Georgia – One thousand U.S. troops began a military training exercise in Georgia on Tuesday against a backdrop of growing friction between Georgia and neighboring Russia. Officials said the exercise, called “Immediate Response 2008,” had been planned for months and was not linked […]

A little advice goes a long way

by rdan The Onion reports: President Bush proposed a $2.4 trillion election-year budget Monday that would boost defense spending, redistribute funds among government programs, and cross out the $477 billion deficit entirely. “Nobody likes making cuts, but the nation’s current rate of spending and the decreased tax revenues we’ve seen since implementing my tax cuts […]

Capability defined by DoD

by reader ilsm From last week: I said: “The government has no idea what is “required”, Anna Lee helped by commenting on “capability”. For ya’ all to study: CJCS M 3170.01. This week how do they figure out what some “capability” is? GAO is kind enough to help with this post: Missile Defense Agency: Actions […]

2 Banks Will Buy Back $17 Billion in Securities

Hat tip to Movie Guy 2 Banks Will Buy Back $17 Billion in Securities August 6, 2008 Two Wall Street giants agreed on Thursday to buy back more than $17 billion of auction-rate securities that were improperly sold to retail customers, likely paving the way for other banks and brokerage firms to take similar actions. […]

The Beginning of the Middle of the End of Medicare

Sent by reader noni mausa From the psych blog Shrink Rap: The Beginning of the Middle of the End of MedicarePosted by Roy at 2:14 PMThursday, August 07, 2008 The Beginning of the End of Medicare was when Congress passed therules which require physician fees to follow a Sustainable Growth Rateor SGR, followed by the […]

YOU as a congressman

OMB Watch lists some main items needing passing to continue the government, and indicates progress through the Congressional approval maze. This is only a partial list of course, and just a beginning for YOU as a congress critter to analyze. The challenge is to begin to choose how to bring the budget out of the […]

Mode 4 in GATTS agreements to think about

Much has been written on the foundering and significance of the Doha rounds of talks, and how the agricultural policies of nations was the stumbling block. However, notice Mode 4. Center for Policy Reseach and Mode 4 India proposed a policy of treating trade services as commodiities, not people, and the US team agreed. Hence […]

Crossing the line, being fed a line, and toeing the line

Health Beat Blog also has an opinion on how far Big Pharma has gone on producing research and how it is used. When do you say innovation needs to be funded differently in the drug business, and when does advertising become propaganda, and the coercion of the government protecting copyrights and patents need amending. It […]