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POPSTime to put "Wealth On Trial" again? The Pecora hearings resulted in 12,000 pages of transcripts that are still a primary source for historians of the Great Crash, and important New Deal legislation that for the first time regulated the high-handed, free-wheeling banking industry and protected the public from its excesses -- including the Securities Act of 1933, the Securities Exchange Act of 1934 (which established the Securities and Exchange Commission -- Pecora was one of its first commissioners) and the Glass-Steagall Banking Act of 1933, which erected a firewall between commercial and investment banking -- a wall torn down during the Clinton administration, leading to much of our trouble today.
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POPSThe Great American Bubble Machine The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
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POPSMegan Fox still has a lot of growing to do "Transformers" director Michael Bay is shrugging off Megan Fox's latest, failed attempt at promoting the new sequel, according the Wall Street Journal. Fox, who really should just stick to making red carpet appearances wearing the equivalent of brightly-colored streamers,
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POPSgift baskets Visit gifttree for the largest selection of corporate promotional gifts, wine gifts, holiday gifts and birthday gifts. They have gift baskets for all occasions at very affordable prices.
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POPSRuined by Good Luck The graph looks a bit like Al Gore's climate warming hockey stick. Interpretation: We are a witnessing phase change.
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POPSReading ObamaCare Bill Endangers Human Health
Betsy McCaughey reads massive healthcare bills so you don’t have to. New York’s former lieutenant governor, now chairman of the Committee to Reduce Infection Deaths, fired the torpedo that ultimately sank HillaryCare. While the sheer girth of that 1,431-page legislative juggernaut intimidated nearly everyone, McCaughey devoured it. Her resulting January 1994 New Republic article, “No Exit,” unmasked HillaryCare’s previously overlooked warts and sores. The horror that McCaughey revealed eventually spelled that initiative’s doom. McCaughey has done it again. In a June 19 Wall Street Journal op-ed, she dissected the 615-page draft of Ted Kennedy’s Affordable Health Choices Act. The Massachusetts Democrat’s bill is, essentially, the Senate’s version of ObamaCare. McCaughey’s “light reading” is scarier than Stephen King. While touting health-care reform as a vital measure to which every American has a God-given right, Kennedy’s elaborate new medical scheme includes a trap door
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POPSIran's Web Spying Aided By Western Technology Warning: The attached YouTube video contains graphic images. It purports to show a woman dying after being shot in an Iran street protest. The Wall Street Journal has not independently verified its contents.
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POPS Iran Uprising Live-Blogging 27 June, 2009 Jose Aznar, who was voted out of office in 2004, writes in today's Wall Street Journal: President Obama has said he refuses to "meddle" in Iran's internal affairs, but this is a poor excuse for passivity. If the international community is not able to stop, or at least set limits on, the repressive violence of the Islamic regime, the protesters will end up as so many have in the past -- in exile, in prison, or in the cemetery. And with them, all hope for change will be gone. Delayed public displays of indignation may be good for internal political consumption. But the consequences of Western inaction have already materialized. Watching videos of innocent Iranians being brutalized, it's hard to defend silence. More recently, it based a collection office in Los Angeles to take advantage of the Iranian expatriate community there. None of it, however, is a substitute for having CIA staff actually on the ground, says former CIA official Bob Baer.
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POPSWho's Really Behind the Rising Prices at the Pumps? This bipartisan cabal created a speculative mechanism that's presently sucking money out of your pocket with every gallon of gas you pump. Meanwhile, every dollar that Goldman, Morgan and the rest use to inflate oil prices is a dollar they are not investing in real economic activity that could create middle-class jobs. Of course, Wall Street culprits are trying to keep their involvement hush-hush. When a McClatchy newspaper reporter approached Goldman Sachs about it, the response was terse: "Goldman Sachs declines to comment for your story."
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POPSNew York Neigborhoods Tour Be escorted by one of the knowledgeable guides and be taken for a walk through the Manhattan, Chinatown, Little Italy and historic South Street Seaport. See the Statue Liberty, America's most famous national monument, Ellis Island and the Museum of Immigration.
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