Sep
08
2008
Uncle Sam Takes Freddie (Mac) And His Fannie (Mae)
Posted by Big Jim in What's So Funny About The News?- The federal government took control of lending giants Fannie Mae and Freddie Mac in an announcement Sunday, a move that could potentially cost $200 billion in an effort to turn around a steadily deteriorating housing and credit crisis. The upside is that we only have to shut down fighting in Iraq for about 12 hours in order to pay for it…
2008’s hurricane season continues its march into Atlantic and Gulf coast states, with the weekend’s heavy rains and wind of Tropical Storm Hanna followed by Tuesday’s likely arrival of Hurricane Ike–presently at Category 2 strength, but expected to brush the Florida Keys before entering the Gulf and likely regaining intensity before making landfall later in the week somewhere between the Florida panhandle and the Texas coast. The only question remains is whether New Orleans mayor Ray Nagin will refer to Ike as "the storm of the century"…- With oil prices falling rapidly since July’s record highs , OPEC is considering cutting back output. That $100-a-barrel price just can’t outfit a fleet of Rolls-Royce limos for every day of the year the way it used to…
- A non-partisan open-government group wants Vice President Dick Cheney’s records to be made public under a 1978 law preserving presidential documents, a move they feel is necessary to keep Cheney from destroying or withholding documents about his role in the administration–documents he has repeatedly refused to disclose. Why do I get the feeling Cheney will give up those about as readily as one of his firearms–you know, from his cold, dead fingers…
- Medical experts say a overweight teens have a new potential health challenge to face–severe liver damage caused by too much body fat that have caused several to need liver transplants. This is really tragic–these poor kids didn’t even have a chance to really corrupt their livers with alcohol…
The end of an era is at hand as Coney Island’s famous Astroland amusement park closed its doors forever Sunday night, a victim of a tug-of-war between the city and private developers over what will happen to the 3-acre park. It seems as though a part of Americana itself at stake–with about as much chance of holding onto it as one of Astroland’s carnival contests…
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