Thursday Evening News Roundup

  • One thing you can say about the media is that they will always find something to go bonkers about. They have completely forgotten about the earthquake in Virginia and are now focused on the hurricane that is projected to hit North Carolina sometime on Friday. They are also in a tizzy over Steve Jobs’ resignation. It is clear that Apple Computers is not to be the same company without Steve Jobs. He was the one that had the drive, the determination and the vision to create the products that we now associate with Apple Computers. In my opinion, his greatness was in creating a user interface that was beautiful to look at and easy to use.


  • Senator Bernie Sanders has introduced a bill in the Senate to strengthen Social Security. We need more of this.
  • One of the things that is great about writing your own memoir is that you can say whatever it is you want to say. I know that everybody’s been on the edge of their seat waiting on former Vice President Dick Cheney to write his memoir. Well, the wait is over. By the way, how is he staying out of jail?
  • The CIA is editing and re-editing a new book on 9/11. The FBI’s is written by a former FBI agent, an Arab-speaking counterterrorism agent. Ali Soufan should be a name well known to those who have followed the events of 9/11 very closely. He testified in Congress about the torture techniques that were used by the CIA. He stated, without hesitation, that they were unnecessary and counterproductive. If the CIA does not edit the book to death, I’m looking forward to the publication.
  • J.P. Morgan has been fined. They basically broke US sanctions with regards to Iran, Cuba and Sudan. The fine was only $88 million.
  • Fox News shuts down Karl Rove when he begins to describe Sarah Palin as thin-skinned.  I wonder what that’s all about.
  • Robert Reich is calling for a protest on Labor Day. Marches instead of parades. I’m down with that.
  • There’s a growing dissatisfaction against companies who seem to be discriminating against unemployed workers. Please follow the link. This is important.
  • The Bush tax cuts are still contributing significantly to our debt. The CBO has the latest numbers.
  • Mark Thoma tackles the question concerning why the Fed is hesitant to do more to help our economy.