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

Measles Outbreak at Disneyland and Elsewhere Blamed on Foreign Visitors and Anti-Vaccine Movement

The infection count changes daily, hitting 85 nationwide Saturday night. The majority of the cases have been linked to Disneyland. More than 150 schools in Los Angeles County have exemption rates of 8% or higher for at least one of the five vaccines recommended for children, according to a study by the Times. All of them are in areas with incomes averaging $94,500, 60% higher than the county median.   read more

Largest Area of Federal Waters in U.S. to be auctioned for Offshore Wind Power Projects

Twelve companies have been asked to bid on the four lease areas within the 1,160-square-mile patch south of Martha’s Vineyard. The auction, to be held Thursday, will be the largest such sale to date by the federal government. If built out, the project would generate enough electricity to power 1.5 million homes.   read more

Justice Dept. Pays $134,000 to Woman Who Sued Over Use of Her Identity in Fake Facebook Page for DEA Operation

Sondra Arquiett sued the government after learning photos of her were part of a social media sting operation run by the Drug Enforcement Administration (DEA). Federal agents had obtained the images after confiscating her phone in 2010 as part of a drug arrest, which resulted in Arquiett pleading guilty to a drug conspiracy charge. But she never gave the DEA permission to use her photos to snare other people she knew who were using or trafficking in illegal drugs.   read more

Half of California's Big Trees Are Gone

The big trees, more than two feet in diameter, were found in decline from Southern California to the Northern Sierras. Some areas of SoCal showed nearly a 75% decline. They were in decline even in the wild, where logging and development were not factors. The study compares the numbers from 80 years ago with a survey taken between 2001 and 2010, so the current four-year drought is not a factor.   read more

Saudi Arabia’s New King, Salman bin Abdul-Aziz Al Saud Has Been Target of Lawsuits by Survivors of 9/11 Attacks

, Lloyd’s of London filed a suit seeking reimbursement from multiple parties, including Salman. In the lawsuit, Salman was identified as an “individual patron” of al-Qaeda and as the leader of the Saudi High Commission for Relief to Bosnia and Herzegovina (SHC). According to the lawsuit, “Under Prince Salman’s leadership, the SHC served as a primary front for supporting al Qaeda’s operations in the Balkans.   read more
see more...