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Congress Is Finally Back, Price Of Oil Drops Again

Crude oil dropped to $105/bbl Monday, down $1.26.  After hours the price continued to fall, as of midnight it was hanging around $102/bbl. Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%. ...
Government Mortages: The New Balancing Act

Government Mortages: The New Balancing Act

Today US Treasury Secretary Henry Paulson announced plans for the new Federal Housing Finance Agency (FHFA) to take Freddie Mac and Fannie Mae into conservatorship.   The power to do this was provided in HR 3221 which was passed in July. The move includes replacement...
Swamp Stomper Alert: Pelosi’s Pickens

Swamp Stomper Alert: Pelosi’s Pickens

In this weekend’s Wall Street Journal, there is a report of an investment made by Nancy Pelosi and her husband. They put somewhere between $50,000 and $100,000 into T. Boone Picken’s company, Clean Energy Fuels Corp. At first blush, the relatively small...

What A Week: Marriage

Two big hits on prominant families this week. Mr. Shawshank One is Morgan Freeman.  You may recall he was in an automobile accident earlier this week and was in serious condition.  He was released later in the week after surgery with shoulder damage and a broken arm...

Ted Stevens’ Indictment An Opportunity… For Republicans

Although we may all support the notion that one is innocent until proven guilty, we (and Stevens) have a responsibility to ensure that we not only keep our noses clean, we do all we can to avoid the appearance of impropriaty.  The fact that Ted managed to get himself...
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