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Morning News Roundup

More News from the Mouth of Howard Beale Well, economic news continues to disappoint. Inflation has officially arrived and it hasn’t really been in the foreground since the late ‘70s, so no one’s really sure what to do with it. … Read More

By / January 17, 2008

More News from the Mouth of Howard Beale Well, economic news continues to disappoint. Inflation has officially arrived and it hasn’t really been in the foreground since the late ‘70s, so no one’s really sure what to do with it. But opinions are being offered. Presidential candidates are proposing stimulus packages and it looks like Fed Chair Ben Bernanke will back up that option.. The Wall Street Journal explains that this consensus about a stimulus package signals the abandonment of the economic policy that shepherded the US through the ‘90s boom: Rubinomics. The New York Times also runs an analysis of Bernanke’s tenure at the Fed.

A Broken Right Wing Adrian Wooldridge (author of The Right Nation) acknowledges the chaos in the GOP and asks who would really want to be their nominee right now? And then he proposes a right-wing third-way with McCain over at the New York Times. Well, maybe Larry Craig and Mark Foley can step into the leadership vacuum and save the Republicans, because anonymous sex at Union Station and flings with ex-pages look a lot better on your resume than being a Republican fundraiser for al Qaeda and the Taliban. The Burden of Governing Indonesia has one of the highest concentrations of Muslims in the world and The Economist summarizes the factors that make it an example of a moderate Islamic state. They Have Laws Against Drunk Driving in Russia?! Diplomatic relations between Russia and Britain are still deteriorating. Violence Continues in Kenya So if a tree falls in the woods (or let’s say intense ethnic rivalry results in the displacement of 200,000 people in Kenya) and American Idol is on TV right after the evening news covers Senator Clinton almost crying, did it really even happen? Good thing Ron Paul and John Edwards are running for President to remind us all that we need to ensure, absolutely, that our foreign policy is in line with our cultural myopia and ignorance. Chasing the (Generic) Dragon The International Herald Tribune reports that European antitrust regulators have raided the offices of some pharmaceutical giants as part of an ongoing investigation into whether those companies are stifling the development and distribution of more inexpensive generic knock-offs of their own branded, boutique pills.

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