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Thoughts on the Federal Reserve

20 years ago I looked at a map of the regional Federal Reserve Banks and I thought:  Why do we have banks in Richmond, Philadelphia and New York?  Cleveland and Chicago?  St. Louis and Kansas City?  Why does the San Francisco bank handle everything west of Denver? ...

Political Observations

Wow!  I’ve not been on this site for a week and look at what I’ve missed!  First, some observations about the current political scene: 1)  Here’s a news flash–Hillary lied about her “recollections” about Bosnia!  I never would have...

Who Got To Nancy?

Just last week, Nancy Pelosi was saying that the Super Delegates should be guided by the overall direction of the pledged delegates (a position shared by Obama, of course).  She drew criticism from Clinton supporters, but I never expected her to back-pedal as she did...

Republicans Try To Make Things Right – Not So Much

What a day. I’m sorry, but politically, not one that I’m proud of: 1) Alphonso Jackson resigns as HUD secretary (effective April 18). Few doubt there is something to allegations of favoritism. See my previous posting on the temptations of power. 2) Henry...

The Democrats Are In Disarray

This had been a disconcerting election year so far, and certainly we still have a long road ahead, but the state of the Democratic Party, and the latest Gallup Poll, are giving me reason to smile today. Democrats really don’t know what they want any longer. ...

New Fed Powers Plan Needs Careful Thought

Let Friday, early news about a plan to broadly expand the power of the Federal Reserve was released.  Evidently the plan will be formally announced in a speech by Treasury Secretary Paulson. I’m a bit out of breath. McGehee was the first I saw to make mention...

When The Church Is No Longer The Church

I will direct your attention to Sister Toldjah and a story she is relating regarding changes at a church in Toronto.  I don’t think any additional comment is necessary on my part… Sister’s got it covered.

No-fault Credit

Today we got to see some of the substance of Barack Obama’s plan for solving the current economic crisis.  Both Reuters and the Wall Street Journal have good write-ups. Obama’s approach includes: More power to the Federal Reserve over non-bank investment...

Baseball and Tradition

I’m not so old to remember the days when the baseball season began in April.  When I was a kid, I used to look forward to Opening Day so much I couldn’t sleep the night before.  I still look forward to it, but that was back when “juice” was...

Decline of Unions – Update

In a prior article, I had addressed concerns regarding Iowa Senate File 413, a bill to provide for Fair Share agreements in collective bargaining negotiations for public employees.  I had understood this was the bill that was planned on being debated Monday of this...
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