Freddie Mac hands out big bonus to new CFO | footnoted.org

Freddie Mac is still living off of the taxpayers, yet they were able to hire a new CEO with a tremendous package (that they tried to downplay): $3.5 million/year plus a $2 million signing bonus, buyout of his house(s), and reimbursement for his travel between Washington DC and hi …

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China growth path could exceed planet's resources

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Persistent Racial Gap Seen in Students� Test Scores - NYTimes.com

Students' scores improved during the No Child Left Behind era, especially in the areas where NCLB was focused most vigorously (math and reading in grades 3-8). There were improvements in minorities' scores; the scores of White students increased about the same.

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More Atheists Shout It From the Rooftops - NYTimes.com

A group in South Carolina put up a billboard promoting atheism and expected to get overwhelmed by hate mail -- instead, they got more interested people than they expected.

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Chinese Inmates at Guantanamo Pose a Dilemma - NYTimes.com

Should Uighur Muslims who were either fighting against the US or just in the area be released? If they're sent back to China, China will torture and execute them. The Times says that they're misunderstood, helpless, and harmless.

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Russia Plans a "Large-Scale Rearming" - NYTimes.com

Citing NATO bases closer to Russia and a need for better security and modernization of their armed forces, Russia announces plans boost its military spending and upgrade its forces significantly. All of this comes in preparation for Medvedev's and Putin's meeting with Obama.

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In China's Stimulus Spending, Seeds of a Surge - NYTimes.com

While the rest of the world is in financial panic, China is the country that has enough cash to buy up natural resources and build for the future, giving it the best chance of being the financial leader in the future.

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Excite News - Obama's call of college for all: Could it be done?

Obama wants college education provided for everyone.

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$1.75 Trillion Deficit Seen as Obama Unveils Budget Plan - NYTimes.com

By redirecting enormous streams of deficit spending toward programs like health care, education and energy, and paying for some of it through taxes on the rich, pollution surcharges, and cuts in such inviolable programs as farm subsidies, the $3.55 trillion spending plan Mr.

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To Pay for Health Care, Obama Looks to Taxes on Affluent - NYTimes.com

Obama wants to raise taxes to counter the concentration of wealth among a few and to fund his excesses.

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Real Time Economics : Phillips Curve Makes Ugly Comeback

An economic idea that was considered dead is making a comeback. It used to a theory that high unemployment led to low inflation or deflation, and low unemployment led to high inflation.

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Real Time Economics : Bernanke: Fed's Hands Tied in Aiding States

Looking at some wild & absurd things that California authorized payments for, I'm very, very thankful they can't then go to the Federal government to get a bailout.

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Obama's fundraising obliterates records

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In '08, politics of culture, geography still divide

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Managers Defend Hedge Fund Industry at House Hearing - WSJ.com

Billionaire investor George Soros presented a blow-by-blow account of the financial crisis and offered a bleak outlook for the economy. "A deep recession is inevitable and the possibility of a depression cannot be ruled out," he said. Mr.

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After the Imperial presidency

Here's a long article about the history of the push and pull between Congress and the President in terms of who's got the control. It gives some nice history and insight.

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Pastor: GOP may be downplaying Palin's religious beliefs

- Sarah Palin grew up in the Pentecostal church. - She says she is no longer a pentecostal and transferred to a non-denominational church several years ago. - Campaign spokesman describes Palin as having deep religious convictions. - Former pastor says that her Pentecostal con …

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Renewable energy firms clamor for tax breaks

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