DaimlerBenz is selling an 80% stake in Chrysler to a U.S.-based VC firm for $7.4 billion. Daimler bought Chrysler for $37 billion ten years ago, so this represents a loss of more than two billion dollars a year since then.… Continue Reading
Here’s an article in the Spectator (the British version) suggesting that we’ve had credible information about Saddam’s WMD bunkers since 2003, and haven’t exploited that rather splashy information because we moved too slowly to prevent the Saddam-era Iraqis from selling… Continue Reading
The President has proposed the idea of creating a “War Czar” who is to have the ability to coordinate war efforts across governmental agencies. And here’s the rub — no one wants the job. Hmm. Is this too obviously the… Continue Reading
I’d been doing a good job of keeping my thoughts brief, until I perused the Fish Wrapper site today looking for news of something other than the massacre at Virginia Tech. Not that those terrible events weren’t worthy of considerable… Continue Reading
When President Bush announced the creation of the Department of Homeland Security I was mildly irritated at the policy – “coordination” of multiple federal bureaucracies has proven to be not particularly effective with regards to drugs and creates a forum… Continue Reading
Last night I got to talking with my friend about why people do things the way they do in public. Mostly we were discussing some local politicians but what we were talking about was why politicians beat the hell out… Continue Reading
Yes, this is a big deal. But I haven’t got the time to look at it in detail right now and it is likely there isn’t much to learn right at this moment anyway. Maybe later tonight we’ll know more.
Now this is my kind of money. Why this isn’t done on all money is bothersome — hardly the gravest problem facing the country, to be sure, but irritating all the same. Come on, believers — do you really think… Continue Reading
It seems that the massive infrastructure improvements that Governor Schwarzenegger has suggested are going to completely fill out the state’s capacity to issue bonds. As a result, a planned high-speed rail connection between Los Angeles and San Francisco, which for… Continue Reading
At long last, the Administration has agreed to relax its stance that it will unilaterally conduct warrantless electronic surveillance of communications, and submit its search requests to review by the Foreign Intelligence Surveillance Court. This is something I and a… Continue Reading