Tribune on it's knees

Wall Street banks committed a bigger crime when they sold overrated mortgage related securities to investors and they got bailed out. So the tribune being required to hold that much cash to stay in business is wrong. You can't tell one company that these are the rules while somebody else plays by their own rules.

clipped from www.nytimes.com Rating agencies say Tribune’s short-term problem is not in making payments on its debt. Instead, the company is struggling to comply with a requirement that its main debt from its acquisition of the company not exceed nine times its earnings before interest, taxes, depreciation and amortization.

You don't always know when the sky is gonna fall

Corruption, racketeering, and bribery or all familiar terms to federal prosecutors going after Mafia bosses. Strange when these activities take place on Wall Street no similar charges are filed and personal fortunes are kept intact.

clipped from www.nytimes.com Now let me move to another point: all of the recent misery, including the stock market’s plunge, the disasters at Fannie Mae and Freddie Mac, the loss of retirement savings. These did not happen out of the blue. The catastrophe of giving bonds ratings far higher than they deserved did not happen by chance. And endlessly rosy reports from banks and investment banks about their health did not result from a butterfly flapping its wings in China.

R.I. Leading the US in job losses

Housing bubble deflated as R.I.is reeling. With few growth industries to support it citizens Rhode Island workers are at the bottom of the pack.

clipped from www.nytimes.com “What kind of math do you need to know?” he asked. “Just don’t take a 15- foot truck under a 13-foot bridge.” “You don’t see the light at the end of the tunnel,” Arthur said. “And,” added Dennis, “there’s about a million boulders in that tunnel you got to climb over to get through.”

European and Asian leaders call for unity in facing economic crises

American Leaders are you listening because this is diplomatic language for don't the Fxxk us again or else.

clipped from www.nytimes.com “Europe would like Asia to support our efforts, and we would like to make sure that on Nov. 15 we can face the world together and say that the causes of this unprecedented crisis will never be allowed to happen again,” Mr. Sarkozy, the current European Union president, said, according to Reuters. Meanwhile, leaders issued a joint statement that called for improved supervision and regulation of the global financial system while calling on the International Monetary Fund to assist countries severely affected by the economic slowdown.

My memories of Dave

He had a style that you could pick-out from other pianist. He'd rather play alone than with just a bassist. He was honest in self evaluation as well as telling others about themselves. He loved baseball and he was never to busy to notice you or offer encouragement when he saw something he liked.

clipped from www.nytimes.com Dave McKenna, Pianist Known for Solo Jazz Work, Dies at 78

Dave McKenna is dead

see the blog

clipped from www.nytimes.com Dave McKenna, Pianist Known for Solo Jazz Work, Dies at 78

Environmental Flip-Flop

Using financial turmoil to suspend environmental necessities is necessary

clipped from edition.cnn.com "They're using the financial crisis as an excuse," said Tomas Wyns at Climate Action Network Europe, a Brussels, Belgium-based umbrella organization of more than 100 environmentalist groups.