“Sen. Robert Byrd, 91, announced that he will give up the chairmanship of the Senate Appropriations Committee to Sen. Daniel Inouye, 84. The torch has passed to a new generation.”
“Sen. Robert Byrd, 91, announced that he will give up the chairmanship of the Senate Appropriations Committee to Sen. Daniel Inouye, 84. The torch has passed to a new generation.”
Thomas Friedman has a great article up about the foolishness of the likely bail-out of GM:
They were interviewing Bob Nardelli, the C.E.O. of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn’t a bailout, he said. It was a way to enable the car companies to retool for innovation. I could not help but shout back at the TV screen: “We have to subsidize Detroit so that it will innovate? What business were you people in other than innovation?†If we give you another $25 billion, will you also do accounting?
One of the puzzling things is that most of GM’s non-US operations are profitable, and most of those are prospering with the sort of cars that consumers in the US now want. Development costs are minimal – all the cars have great safety features, ‘clean’ emissions, etc. so there’s little tweaking to do – the cars are fuel efficient, and they’re even pretty well styled. The only stumbling block is cost, though production costs in Europe can’t be significantly higher than in the US (otherwise GM wouldn’t need the bailout. I guess hiring a container ship to start importing Vauxhall Astras is too innovative without a fat pot of government cash to pay for it.
A while ago I posted on my adventures getting OpenSolaris networking to move from its natural state of notworking (see what I did there?) on a mac mini. Well today I installed the latest release candidate of 2008.11, the forthcoming update, and it went much more smoothly. You still have to install a driver (tip – usb keys work fine for file transfers), but once done restarting networking worked first time.
From Think Progress:
“We are now free to start thinking again, acting again, and doing the right thing by what our constituents and our country need.â€
That’s exactly what I’d say (or at least hope), but these words actually came from the policy committee head for the House GOP.
From The Onion:
WASHINGTON—African-American man Barack Obama, 47, was given the least-desirable job in the entire country Tuesday when he was elected president of the United States of America. In his new high-stress, low-reward position, Obama will be charged with such tasks as completely overhauling the nation’s broken-down economy, repairing the crumbling infrastructure, and generally having to please more than 300 million Americans and cater to their every whim on a daily basis. As part of his duties, the black man will have to spend four to eight years cleaning up the messes other people left behind. The job comes with such intense scrutiny and so certain a guarantee of failure that only one other person even bothered applying for it. Said scholar and activist Mark L. Denton, “It just goes to show you that, in this country, a black man still can’t catch a break.”