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Archive for July 30th, 2008

Now here is a really good idea.  Let us concentrate people at an amusement park–there is a great idea in a country full of suicide bombers.  Please tell me this is just fanciful thinking.
Disneyland  goes to war-torn Iraq, with a multi-million dollar entertainment complex, to be built on a 50 acre lot adjacent to the [...]

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In an unlikely team-up, impartial investigators from the Government Accountability Office joined a low-income workers’ advocate at Congressional hearings July 15 to tell lawmakers that President Bush’s Labor Department has failed to enforce minimum wage and overtime laws and that low-wage workers are routinely being robbed of their earnings.
Enforcement of laws that require employers to [...]

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There is an overwhelming consensus in the economic and political establishment that ordinary Americans will have to pay for the crisis of American capitalism and a budget deficit that has been fueled by massive war spending, tax cuts for the wealthy and the provision of unlimited public resources to bail out major financial institutions.
“This is [...]

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30 July
President Cleveland appoints a commission to investigate the causes of the Pullman strike. Four months later the commission issues its report, blaming Pullman and the railroads for the conflict – 1894
President Lyndon Johnson signs the Medicare Act, providing federally-funded health insurance for senior citizens – 1964
Former Teamsters President Jimmy Hoffa disappears. Presumed to be [...]

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After the binge comes the purge. Merrill Lynch (MER) announced after the close of trading on July 28 that it had sold $11.1 billion in collateralized debt obligations (CDOs), or nearly 60% of its exposure to mortgage-related securities, to private equity firm Lone Star Capital Management for $6.7 billion as part of its latest effort [...]

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The House yesterday apologized to black Americans, more than 140 years after slavery was abolished, for the “fundamental injustice, cruelty, brutality and inhumanity of slavery and Jim Crow” segregation.
The resolution, which passed on a voice vote late in the day, was sponsored by Rep. Steve Cohen (D-Tenn.), a white Jew who represents a majority-black district [...]

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