More bailouts - You have to wonder who makes the decisions on the economy in the Bush administration, don't you? The news upon awakening this morning is that Citigroup is getting assistance from the gov to the tune of at least $20 billion. Shares of that 'bank' shot up 60% as a result. Check back a few weeks and contrast this situation with that of Washington Mutual, another 'bank' that needed some assistance. Did it get it? Not in a good way. The gov seized it and sold off its banking assets to Morgan Chase. Washington Mutual's stock fell off the board and all of its thousands of investors, big and small, lost every penny. Why the difference? Probably it was my fault. You see, I owned stock in WAMU, but none (that I know of) in Citigroup.
Obama's economic team - More evidence, if any is needed, that George Bush is asleep at the wheel, or isn't allowed near the wheel anymore, was the importance given President-elect Obama introducing his economic team this morning. All people with impressive resumes, and actual government experience gained during the Clinton economic glory years. I'm not sure if that can be so easily translated into success, given the mess the Bush gov has gotten us into to, thank-you-very-much, but we can always hope what worked before will work again, and maybe these folks have a few new ideas up their collective sleeves as well.
Better late than never - We all know that change comes slowly to the Roman Catholic Church, steeped as it is in its traditions. But sometimes this gets all a bit too ridiculous. News came today that the 'official vatican newspaper' has published a statement that appears to forgive John Lennon for his infamous comment that the Beatles were bigger than Jesus. Well, if L'Osservatore Romano says so, it must be true. After forty-two years, all is forgiven. I wonder what the Pope has in his record collection?
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