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Links With Your Coffee - Sunday

  • Candidates Heavily Scrutinized on the Economy : NPR
  • 'Lying for Jesus?' by Richard Dawkins - RichardDawkins.net
  • McCain Stumbles on H.I.V. Prevention - The Caucus - Politics - New York Times Blog
    SOMEWHERE in NORTHERN IOWA — The unthinkable has happened. Senator John McCain met a question, while sitting with reporters on his bus as it rumbled through Iowa today, that he couldn’t – or perhaps wouldn’t – answer.

    Did he support the distribution of taxpayer-subsidized condoms in Africa to fight the transmission of H.I.V.?

    What followed was a long series of awkward pauses, glances up to the ceiling and the image of one of Mr. McCain’s aides, standing off to the back, urgently motioning his press secretary to come to Mr. McCain’s side.

    The upshot was that Mr. McCain said he did not know this subject well, did not know his position on it, and relied on the advice of Senator Tom Coburn, a physician and Republican from Oklahoma.


  • Britain and America | Anglo-Saxon attitudes | Economist.com
    TO TURN over the supposed Anglo-American common ground carefully, The Economist commissioned pollsters at YouGov in Britain and Polimetrix in America—supported by additional funds from the Hoover Institution, a California think-tank—to find out what people in both places thought about a number of social, political and economic matters. A thousand people in each country were consulted between March 7th and 11th. Broadly, the differences between the two countries look more striking than the similarities.

    Like most west Europeans, Britons tend to have more left-wing views than Americans, but the first chart shows that this is often by a surprising margin. (“Left” and “right” are harder to locate than they were: here “left” implies a big-state, secular, socially liberal, internationalist and green outlook; right, the reverse.) The data are derived by subtracting left-wing answers from right-wing ones, for each country and for each main political grouping within each country. A net minus rating suggests predominantly left-wing views and a positive rating suggests a preponderance of right-wing views.


    The gap between Britain and America is widest on religion: even British Conservatives are a great deal more secular than American Democrats are. The two are a bit closer on social values (abortion, homosexuality and so forth), and they overlap on ideology (mainly, how active the state should be), with Britain’s Tories to the right of America’s Democrats.


  • On the road looking for typos - The Boston Globe
    They chase the misplaced apostrophe, the disagreeing subject and verb.

    The horror (as opposed to "horor") of a courthouse sign, engraved and erected at taxpayer expense, omitting the first "o" in "meteorological." The "desserts" unjustly advertised as "deserts" on a restaurant wall.

    They seek, in short, to do for America's public signage what spell-check software has done for interoffice e-mail: smarten it up and make it easier on the eye. Their weapons: Wite-Out, markers, ink pens, tape, and nerves of steel.


  • McCain Outlines His Theory of ‘Supply-Side War-a-nomics’

  • Dutch Anti-Koran Video Released: Wilders Sparks Political Protest - International - SPIEGEL ONLINE - News

  • LiveLeak.com - Fitna the Movie: Geert Wilders' film about the Quran (English)


 

Comments

Live leak video has been removed already. Damn!

i'm curious about how 1gm readers feel about Hillary's statement on mortgage lenders:

Right now, many mortgage companies are reluctant to help families restructure their mortgages because they’re afraid of being sued by the investment banks, the private equity firms and others who actually own the mortgage papers. Because remember, all of these mortgages were bundled up in these huge packages and sold around the world. So you can’t just go down to see your mortgage broker or your bank or your other lender to work out a deal because they no longer own the paper. This is the case even though writing down the value of a mortgage is often more profitable than foreclosing - both for mortgage companies and for most of those who own the mortgages. That’s why I will be proposing legislation when Congress returns to provide mortgage companies with protection against the threat of such lawsuits.

Unless I've misunderstood this whole mess, this seems to me to be outrageous! If, as Clinton says, the investment banks, private equity firms, and others who actually own the mortgage papers will be better off restructuring the debts than foreclosing, then why wouldn't they want to do that working with mortgage companies that weren't involved in bundling risky loans into "huge packages and sold around the world"? Why should the very mortgage companies who did obscure the riskiness of loans by bundling them into "huge packages" be protected from lawsuits if they did in fact act illegally?

Were there no decent mortgage companies in this mess? If there were, shouldn't they reap the reward of getting the restructuring business? Shouldn't the unscrupulous mortgage companies be punished if they acted in a manner that would make them vulnerable to lawsuits?

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