Do The Right Thing: Walk Away

Since I am based in California, much of the past season’s holiday conversation covered an unfortunate topic: the housing market. More specifically, we had more than a few family and friends in various stages of mortgage distress, from being underwater to walking away. Some people were slightly embarrassed about their situation but in an era [...]

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Obama Pays The Price For Impotence

The upset results of the Massachusetts US Senate special election are being widely dissected by pundits looking for explanations and ramifications coming out of this election. The obvious culprit ┬áis “Obamacare” but as with most things in life, the explanation is not so singular. However, make no mistake: President Obama bears nearly full blame for [...]

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The Health Care Dilemma

A follow-up on last week’s post on the myth of American overconsumption, the Wall Street Journal has two extended articles which illustrate some of the depth of the US health care crisis. Readers will recall Michael Santoli’s assertion that most of the growth in consumer spending over the last few decades was due to rising [...]

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Surprise! Sarah Palin Is A Quitter

Let’s call it like it is: Palin is now a proven quitter. The woman whom supporters affectionately referred to as Sarah Barracuda and a pitbull with lipstick (OK, she put that tag on herself), ostensibly because she is so tenacious, has announced that she is quitting as governor of Alaska on the flimsiest of grounds [...]

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Meet The New President, Same As The Last

That’s what Barry Ritholtz over at the Big Picture is calling our President: Barack W. Obama. Ritholtz sees little difference between Obama’s financial sector polices and those of his predecessor. Speaking as a supporter of Obama during the election campaign, I must agree with Ritholtz. The Obama administration has neutered every attempt at serious reform [...]

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Two For Two On the Footie Front

FC Barcelona are your 2009 Champions League winners with a surprisingly dominant performance over the favored Manchester United. Barca won despite a makeshift backline due to injuries and suspensions and with no true standout performance even though Xavi won Man of the Match. Frankly, I don’t know what happened to ManU — that’s not the [...]

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