Solutions to the Financial Crisis

Date: Tuesday, September 30, 2008 1:01 AM
Category: Allgov Blogs
Watching the nation’s news commentators, you would think that the bailout proposal created by the Bush administration, adjusted by the Congressional leaders and then rejected by the House of Representatives was the only possible answer to the nation’s financial problems. Fortunately, many observers from the Left, Right and Middle have presented alternative solutions. Here are a few of these ideas. Some are comprehensive and some deal with individual issues, but they are all worth a look.

Where to Find $900 billion for Recovery (by Anderson, Collins, Muhammad and Pizzigati, Institute for Policy Studies

Tweak the Bailout Plan (by Stuart M. Butler and Edwin Meese, III, Heritage Foundation)
Fix the Bailout Plan (by Dominique Strauss-Kahn, International Monetary Fund)
Increase Transparency, Liquidity and Supervision (by Martin Neil Naily and Robert E. Litan, Brookings Institution)
Home Owners Loan Corp. and Federal Revenue Sharing (by James K. Galbraith, Washington Post)
Cut Defense Spending, now at $612 billion for 2009 (by Chalmers Johnson,
Homeowners Emergency Loan Program (National Community Reinvestment Coalition)
Keep Borrowers in Their Homes (by Andrew Jakabovics, Center for American Progress)
Super-Bonds (by John P. Hussman, Hussman Funds)

Latest News

Talking-Car Technology Pits Two U.S. Agencies against Each Other

Cars that wirelessly talk to each other are finally ready for the road, creating the potential to dramatically reduce traffic deaths. The government and auto industry have a decade and more than $1 billion researching V2V technology. "We're losing 35,000 people every year (to traffic crashes)," said GM lobbyist Lightsey. "This technology has the power to dramatically reduce that. To me, the ability of somebody to download movies or search the internet or whatever should be secondary to that."   read more

State Medical Boards’ Failure to Report Sexually Abusive Doctors Keeps Them on the Job

"Historically, doctors and therapists were held in high regard and protected in general," said Spero. "And so to start bringing them into the criminal system, there's a lot of resistance." Agencies may even pull the plug on their investigation if the doctor agrees to step aside. That means any evidence of violations is hidden from the public. Regulators can also discipline a doctor without ever considering whether his violations could be criminal.   read more

People’s Identities Collected and Traded like Baseball Cards in Controversial Twitter App Game

Parker says the app has imported profiles of tens of thousands of people without their consent and exploits their identities for profit. An article reports that the game "commoditizes users without their knowledge" and "crafts a potential opening for harassment" because people who "own" others' profiles can rename them. Parker cites an interview with the app's founder, Chen, in which he "admits the game wouldn't work if he had to obtain consent from each user."   read more

U.S. May Add Speed-Capping Device to Trucks and Buses to Forcibly Slow Them Down

Regulators are considering a cap of 60, 65 or 68 mph. Whatever the speed limit, drivers would be physically prevented from exceeding it. The government said capping speeds for new large vehicles will reduce the 1,115 fatal crashes involving heavy trucks that occur each year and save $1 billion in fuel costs. While the news is welcomed by some safety advocates, many truckers said such changes could lead to dangerous scenarios where they are traveling at much lower speeds than everyone else.   read more

U.S. Ambassador to Lebanon: Who Is Elizabeth Holzhall Richard?

Holzhall Richard was sent to Kabul, Afghanistan in 2006 as director of counter-narcotics, law enforcement and rule of law programs there. After that assignment, she took time to earn an M.S. at the National War College in 2008. She began her ambassadorial career in a bit of limbo. Lebanon had no president when she began her tenure and as such could officially be only chargé d’affaires until she could present her credentials to the head of state.   read more
see more...