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POPSInnocent Govt Bailing out Evil Industry=NOT ! Congress passed the Sarbanes-Oxley Act in 2002, placing some very stringent, inappropriate, and inflexible reporting rules on financial institutions. Under this law, financial assets must be valued at fair market value--- even if they are not for sale! The Working Capital Model eliminates this problem entirely, but it is difficult to apply when the individual securities are not identifiable. More than 95% of Americans are making their mortgage payments right on schedule, yet there is no market for the financial products that contain these mortgages. Consequently, balance sheets reflect trillions of dollars less than the maturity value of the securities held by the financial institutions.
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POPSHelp sought for struggling homeowners I don't see how the bailout will help those who could not afford the homes they purchased in the first place. The banks did those folks an injustice by writing the loans.
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POPSDraft Proposal of the Financial Rescue Bill CRITICAL IMPROVEMENTS TO THE RESCUE PLAN. Democrats have insisted from day one on substantial changes to make the Bush-Paulson plan acceptable — protecting American taxpayers and Main Street — and these elements will be included in the legislation Protection for taxpayers, ensuring THEY share IN ANY profits • Cuts the payment of $700 billion in half and conditions future payments on Congressional review • Gives taxpayers an ownership stake and profit-making opportunities with participating companies • Puts taxpayers first in line to recover assets if participating company fails • Guarantees taxpayers are repaid in full — if other protections have not actually produced a profit • Allows the government to purchase troubled assets from pension plans, local governments, and small banks that serve low- and middle-income families
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POPS It's A Party! -- Kinda' [& NO Applause for Ahmadinejad] While the United States and Israel left their ambassadorial seats empty, here is the Jew-hatred greeted by enthusiasm at today’s U.N. In its entire history, the United Nations General Assembly has never adopted a resolution dedicated to denouncing and combating the scourge of antisemitism in all its forms. Now we know why. Less than half of U.N. members are fully free democracies and among them there is no consensus that discrimination and demonization of Jews and the Jewish state is wrong. On the contrary, at the U.N. vicious antisemitism is met by a round of applause. — Anne Bayefsky is a senior fellow at the Hudson Institute and at Touro College. She is also editor of www.EyeontheUN.org..
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POPSReid to McCain: Don't Come Back to Capitol 6PDT President Bush updated: requests Obama attend conference in DC tomorrow. 9/25/08 When given an opportunity to serve his nation in a time of severe crisis, Barrack Obama decided that his own personal gain was more important. Stunning! Reid to McCain: Don't Come Back to Capitol September 24, 2008 5:14 PMUPDATE: McCain senior adviser Mark Salter emails: "Yesterday, Harry Reid said that consensus couldn't be achieved without John McCain's leadership. John stepped up and is providing that leadership. Now Senator Reid seems to have changed his mind for reasons we'll let him explain. But what he should understand is that this isn't about Harry Reid or John McCain or Barack Obama. It's about the American people and, in the words of Warren Buffet, the financial Pearl Harbor they're facing. John's committed to doing his part to help avert that calamity. We hope Senator Reid is too." http://blogs.abcnews.com/politicalpunch/2008/09/reid-to-mccain.html
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POPSSex and Lies -- Obama's K-12 Sex Ed bill Obama’s explanation for his vote has been accepted by nearly all commentators. And perhaps that is indeed why he voted for Senate Bill 99, although we don’t know for sure. But we do know that the bill itself was much more than that. The fact is, the bill’s intention was to mandate that issues like contraception and the prevention of sexually-transmitted diseases be included in sex-education classes for children before the sixth grade, and as early as kindergarten. Obama’s defenders may howl, but the bill is what it is.
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POPSOSCE talks on observers for Georgia stalled Russian Foreign Minister Sergei Lavrov speaking in Tskhinvali recently said "There is no sense in monitoring agreements that Saakashvili broke," He also said that, from Moscow’s viewpoint, it is now up to "independent and sovereign" South Ossetia to decide whether to let the OSCE monitors redeploy. "Russia is a member of the OSCE and, as such, we guarantee that no longer will issues concerning South Ossetia be discussed at the OSCE in the absence of Tskhinvali’s representatives,"
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POPSPornography Addiction Whatever the case, it is hard to dispute that the internet has at the very least, facilitated our ability to look at pornographic images by removing some of the restrictions—cultural or physical—that once inhibited that ability. As a result, the debate over the relative merits and dangers of pornography has exploded, bringing with it like glacier debris a variety of issues relating to legality, morality, and of course, addiction.
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POPSThe Talking Bush "My message to the commanders is 'You will have all the troops, you will have all the resources you need to win in Iraq. And he urged Congress to reach consensus on a "responsible" war funding bill that would not tie the hands of commanders.
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POPSUnited Nations Reform: Fact or Fiction? The United Nations promised international cooperation on eliminating the major threats to peace and security and the most serious impediments to the protection of human rights and human dignity. Sixty years after the UN officially came into existence, 24 October 1945, the trail is one of broken promises. While important successes have marked some of its paths, the international machine has been hijacked and manipulated to subvert the very causes it was intended to promote. A number of factors have forced UN reform to move much higher up on the global agenda than ever before: the exposure of the billion-dollar UN-run Oil-for-food scam, peacekeeper-rapists, and paralysis in the face of genocide in Sudan.However, in an environment where there is little, if any, consensus on the most critical issues of our time, the real game is one of finger-pointing. Undoubtedly, the "blame America first" will continue. http://www.eyeontheun.org/un-reform.asp
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POPS"Troublemakers" Need Not Apply "You have said students should be allowed to "debate both sides" of evolution. Should creationism be taught alongside evolution in the public schools? Do you believe in evolution? Your opponents claim you and McCain would just extend the Bush administration for another four years. Cite three instances in which you have differed with the president. That's just a start."
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POPSObama: Nothing More Than a Shrewd and Opportunistic Partisan
He could have joined the bipartisan “Gang of 14” that negotiated a halt to divisive judicial nominations, but didn't. He could have been a leader for bipartisan compromises on immigration, terrorist surveillance and energy, but wasn't. According to a Washington Post database, Obama votes with his party 96 percent of the time, which makes him tied for the eleventh most partisan member of the Senate. At 96.6 percent, his running mate Joe Biden is the eighth most partisan senator. In his next political act, he dispensed with centrism and the great middle ground of American politics and espoused the politics of “change” — change in pastors, change in churches and calculated changes in his positions on NAFTA, gun control and much else. But all those convention antics pale in comparison to the change in the man who, four years ago, briefly fired the imaginations of Americans tired of the extremes of partisan politics. That Obama has left and gone away, if he ever really existed.
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POPSOLDS: Preparing for a neuroscience revolution Our challenge is that we don't pay enough attention to such game-changing discoveries as they are happening. And when we don't pay attention, then the societal conversations that need to happen to reach consensus on policy also don't happen - at least in a proactive fashion. We end up reacting instead. In the case of the uncovering the secrets of the human mind, such proactive consideration would be better off earlier than later. The writer is James Olds is the director of the Krasnow Institute for Advanced Study at George Mason University. This is an important read.
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POPSEducating evolution It is so amazing that after so many years and progress; educating youth about evolution is still considered revolutionary. this must be evolved :)
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