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07 Apr 2011 17:05


Politics: Eleanor Holmes Norton tells Congress to go to hell

  • We are absolutely outraged. This is the functional equivalent of bombing innocent civilians. It’s time that the District of Columbia told the Congress to go straight to hell.
  • Washington D.C. Delegate Eleanor Holmes Norton • Expressing her rage at a rider on the latest bill proposed by Republicans in the negotiations to prevent a government shutdown. The rider would prohibit the District of Columbia from spending money on abortion services for low-income women. While this sort of rhetoric is very rankling to anybody with a differing opinion, the extent to which federal control encroaches on Washington D.C. is a touchy subject beyond simply the realm of abortion. The city belongs to no state, and thus has no voting rights (and thus no representation) in Congress. Holmes Norton is a “Delegate,” not a “Representative” — while her job description is roughly the same, she explicitly cannot cast any votes. While there’s always something said for keeping one’s cool, it’s not hard to see why she’s up in arms about this. source

07 Apr 2010 10:17


Biz: Alan Greenspan: The mortgage crisis not caused by the poor

  • The house price bubble, the most prominent global bubble in generations, was caused by lower interest rates but. … it was long-term mortgage rates that galvanized prices, not the overnight rates of central banks, as has become the seeming conventional wisdom.
  • Former Federal Reserve Chairman (and all-around smart guy) Alan Greenspan • Speaking in business-ese about something which we can put much more simply: Low interest rates that allowed low-income people to buy houses didn’t cause the housing crisis. Instead, the culprit was a couple levels up the food chain. Speak English, Alan. (Greenspan, by the way, is attempting to defend his legacy here.) source

03 Jan 2010 11:00


U.S.: Crazy: Some poor people subside on zero cash income

  • 6 million people get by on food stamps … and nothing else source