One of the many huge bills pending before Congress right now is the financial system overhaul. This is a big complicated mess of a proposal that a lot of people are very skeptical about, and for a good reason – it’s very hard to understand. I’ve been slow to write about it because I was about as confused as anyone when I saw the big chart supposedly explaining it. That’s a pity because now that some of the details have sunk in it looks like it’s not too bad overall. It’s only missing that one thing that Democracy demands – clarity. I happen to believe it’s not as hard to do that as it seems.
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Category Archives: Money
Economics and commerce, all built from scratch.
Stated Reasoning
State governments have been getting a lot more scrutiny lately for one reason: they’re not doing too well. California has become the best known example, but Ohio, New York, and Illinois lead the list of big state governments that suddenly went from obscure to major crises. The problem with that statement is at both ends – how a Depression wrecks a state budget is obvious, but the relative obscurity of this branch of government is where the real problem lies. Very few people know just what states do anymore.
Jobs
As many of you know, I’ve been looking for full-time work for about a year now. The life of a consultant has been pretty good to me, but I need a lot more stability and less stress. While I have to keep looking for gigs as a grant writer, social media consultant, and web content writer (hints!) to pay the bills, the job search has been my main focus. Here are a few thoughts and observations.
“Re” Words
I haven’t written about the Economic Crisis, aka Depression, for a long time. There just hasn’t been anything to add to what I said a year ago when this was starting. Thing is, if you watch local nooze you realize that at some point a complete lack of nooze is nooze in itself, and the whole lack of anything becomes worthy of comments. That goes double when you’re in the middle of a Depression and no one seems to get it.
Insured
When American Airlines flight 1549 skidded safely into the Hudson River, most of New York was in a state of panic. It was, after all, the first low-flying commercial plane in that corridor since 9/11. As word of the amazing landing got out, people were relieved that this time it was heroism, not terrorism, that brought the plane in low. But there was far more in common with a disaster in the financial district, just down the Hudson, than most people might realize at first.
