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Tuesday, June 30, 2009

Your Morning News 6.30.09

Posted by Josh in , , , , ,

From the Associated Press

From the Associated Press

Rolls over What? Eh? We are doing this now? Reaches forcomputer, sound of empty bottles breaking. OK, let’s see what’s in the news

Bernard Madoff, the mastermind behind the biggest financial swindle in history, was sentenced to 150 years behind bars for what his judge called an “extraordinarily evil” fraud. Madoff’s ponzi scheme cost investors something like $13 billion and shook the nation’s faith in its financial and legal systems. But he is going to jail! The recession is over! Right? The big question is if it is possible that a fraud of that scale was perpitrated by one man or if Madoff is taking the fall for his sons and other employees. Also, have you gotten this far without knowing what a Ponzi scheme is?

Apparently the Supreme Court overturned some decision about Firefighters and Civil Rights. It is a “big deal” because President Obama’s Supreme Court nominee Sonia Sotomayor was a member of the panel that wrote the decision reversed by the justices. Check out the always excellent SCOTUSblog for an analysis of the decision.

Did you know that there was a coup in Honduras? No? You probably haven’t heard about it because they all Twitter in Spanish or something. I don’t really understand what is going on, but there is a good breakdown of the issue in today’s  New York Times op-ed page.

As a side note: Happy Birthday Dad!

Monday, December 15, 2008

Your Morning News 12.15.08

Posted by Josh in , , , , , ,

The President’s trip to Afghanistan and Iraq this weekend designed to highlight security improvements  in the region only ended up highlighting the throwing arm of an Iraqi journalist, who threw both of his shoes at the President during a press conference. In the Arab world, throwing your shoes at someone is a serious insult. The sole of the shoe is considered dirty because  you step in all kinds of mud and crap during the course of the day. Another facet of this is when you see members of Arab and Asian cultures taking off their shoes before they enter their home or a place of worship. When this story comes up at work, I suggest a joke about how quickly the President ducked, the odds of  David Gregory doing the same thing next week or how the Yankees are looking to sign the journalist as a middle reliever for $161 million over 7 years. Be careful though, every office will have one wet blanket who will say that even though they don’t like the President they find it incredibly disrespectful.

Throw your shoes at them.

Blagojevich , Ponzi Schemes and Krugman after the jump.

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