Thursday, October 30, 2008

Legendary Card

Orson Scott Card has had plenty of success as a writer, but he has reached a new peak now that Snopes has commented on his most recent article.


Saturday, October 25, 2008

Alfred E. Bush

Well that explains a hell of a lot.

Wednesday, October 22, 2008

The Don of Donations

While NC State's football team continues to struggle, its Wolfpack Club is raising tons of money and establishing an expansive member base that is the envy of most peer institutions. Leading this charge is Bobby Purcell, the executive director.

Purcell is a true pro that gets the big picture and the smallest details right, and there is no denying those skills are responsible for the Wolfpack Club's successful numbers. Three key assistants have already been recruited away by other schools. I fear it's just a matter of time until Purcell gets an offer elsewhere that is too good to refuse.


Monday, October 20, 2008

An Avoidable Collapse

"Subprime lenders made irresponsible loans that they knew most families could never pay back and would need to refinance, generating more fee income for brokers and mortgage companies. Now-bankrupt mortgage lenders and Wall Street investment banks put large fees ahead of prudence, and instead of demanding sound lending practices, chose to look the other way."

The cockroachs who created the subprime mortgage mess have pointed fingers at others as they scurry out sight, but Martin Eakes lays the blame for the subprime mortgage mess exactly where it belongs in Sunday's Durham Herald-Sun.

"Wall Street was the engine; lax supervision from government regulators -- particularly the Alan Greenspan-led Federal Reserve -- greased the wheels. Most subprime lenders were subject to far less regulation and oversight than traditional banks and credit unions."

This mess was avoidable. Martin told Congress almost two years ago that the loss of homes to subprimes would dwarf the loss from Hurricane Katrina, and he advised them of several steps they could take to blunt the effects.

Too bad no one listened.

Sunday, October 19, 2008

Let The Smearing Begin

Now that Colin Powell has endorsed Barack Obama, I wonder how long it will take the McCain campaign or its surrogates to smear Powell.

My bet is less than 36 hours.


I am pleased there has not been a full-on smear campaign against Colin Powell, although it is disappointing that P.T. Limbaugh reduced Powell's eloquent explanation of his decusion to one based solely on race. That is about what we should expect from such a yak-doof.

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