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“When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.”
The latest story about AIG shows where a lot of continuing exposure to financial losses is concentrated, and also how the process of buying and selling risk contributed to these problems.
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New Ledger Features
Angry About Sarah Palin? Blame John McCainby Brad Jackson
Sarah Palin, Governor of Alaska and former Vice Presidential nominee for John McCain’s 2008 campaign, announced an abrupt resignation from her role as chief executive of the nation’s largest state today. Some are speculating this is a preparation for a 2012 run for the Oval Office, some are reporting that she’s out of politics forever. Regardless of which is true, Sarah Palin’s future as a Republican standard bearer is very much in doubt. And if you’re looking for someone with questions to answer, it ought to be John McCain.
Full Story »Why Did Sarah Palin Resign? Three Possible Reasons And MoreBen Domenech
The editors and colleagues of The New Ledger weigh in on Sarah Palin’s shocking announcement that she will resign the governorship of Alaska: three possible reasons why she did it, what Republicans should take from the media assaults that led to her decision, and an answer to whether she’s got any shot at the presidency.
More »Forget Green Shoots: They’re Just WeedsFrancis Cianfrocca
There aren’t green shoots in this economy. They’re just weeds. Everyone with eyes has known that, and today’s jobless report is just the added proof. But here are three ways that President Obama could start to change that, if he’d like to start bringing the economy back.
More »North Korea’s TerrorJoshua Stanton
In our dealings with North Korea, we’ve paid a terrible price for the North Koreans’ well-founded conclusion that our words and warnings mean nothing in practice. Backing our diplomacy with principle comes with a cost in short-term expediency, to be sure, but the long-term cost of its absence has been much greater. From it, North Korea has inferred a license to disregard both our demands and its own commitments.
More »Churchill’s AdventuresPaul Cella
To the puzzlement of many, one of the first changes our new President made to the White House was sending back to Britain a bronze bust of Sir Winston Churchill that had watched over the Oval Office since the September 11th attacks. There was little explanation for this gesture, or hint of its significance. Yet the significance of Churchill for Americans, and for all mankind, need hardly be hinted at. He was the greatest statesman of the calamitous twentieth century, and among its greatest men of letters.
More »Denis Johnson’s “Nobody Move”Micah Mattix
Full of action, violence, and the occasional sex scene, Johnson uses short, simple sentences to keep the pace high and the images immediate. Nothing is still in Nobody Move. The characters move from one location to another, running away from or chasing someone, as Johnson himself jumps back and forth between locations, moving us inexorably toward the climax.
More »Inconvenient ScienceBen Domenech
As members of Congress debated and voted on the Waxman-Markey climate legislation last week, a disturbing story was quietly spreading about an internal report that called the science and policies informing that bill into question — a report whose conclusions proved so inconvenient to the White House that it was rejected with prejudice.
More »Cap and Trade: It’s The Corruption, Stupid!Francis Cianfrocca
The Waxman-Markey Act went through an array of very significant changes. About 85% of the emissions permits will not be auctioned off in the early years of the law’s operation. Instead, they will be gifted to politically-favored businesses, in states and districts with lawmakers critical to the bill’s passage. Farmers and certain electric utilities will particularly benefit. This amounts to an outsized transfer of wealth from the taxpayers to private industrial interests. Why is such a thing being allowed with nary a word of debate or public outrage?
More »The Great Climate TaxRep. Fred Upton
In the debate over climate change, it seems we have lost sight of our true goals. The focus for Nancy Pelosi and Henry Waxman has become a cap-and-tax scheme as an end in itself — and it will be America’s working families who will pay the ultimate price with higher bills and lost jobs. We have a unique opportunity and a responsibility to reduce emissions and preserve our economy — the American public is desperate for solutions, but a national energy tax is not the answer.
More »Speaking Truth To Power: A Casualty Of The Obama AdministrationPejman Yousefzadeh
Being an Inspector General in the Obama Administration appears to be a dangerous and risky thing. Congress and the media should ask why this should be the case, and why speaking truth to power is so frowned upon.
More »Mark Sanford’s BetrayalDan McLaughlin
Gov. Sanford betrayed us, just as he betrayed his family; he lied to us and wasted our time. But that’s not what is so frustrating — it’s that at a time and place when the nation desperately needs champions of our traditional liberties, he was one of only a few people who could really have made a difference.
More »More Feature Stories
- July 4, 2009 -
DAILY READS
SORTED AND RANKED FOR YOU
Sarah Palin’s Surprise Resignation Splits Republican Party
The reactions pour in: “skeptics say Friday’s events diminished and perhaps even demolished what was left of her viability as a 2012 presidential candidate. But her defenders believed an unorthodox move, even if risky, has a clear logic and may only further increase her standing with conservatives who don’t care what establishment figures think.”
Analysis: Sarah Palin’s Strange Move - Is it a Timeout or a Flameout?
Andrew Malcolm weighs in: “A bold move. Naive? Long odds based on recent history…On the other hand, in this political age, 60 months ago who’d have predicted a little-known state senator out of the Chicago political machine with a proclivity to vote “Present” would be a U.S. senator, let alone the White House occupant?”
North Korea Fires Short Range Missiles, Dares Anyone to Do Anything ABout It
One day before America’s Independence Day, the lunatics in Pyongyang are testing to see whether President Obama can get China to do anything more than cluck in concern. For the last two months, the Chinese have promised to act, and yet the North continues to shoot. Better get that magic diplomacy working, guys.
Behold the Wages of American Leadership: Honduras Shunned After Legally Ousting Its President
All that talk about non-interference in Cairo? That’s just for Muslim countries. The nations of Planet Earth are taking Obama’s lead in shunning a Central American country for following its Constitution and ousting a man who broke one of its core laws. The OAS considers tossing Honduras, and no one will recognize the government.
One Rogue British Trader Drives Oil Prices to Yearly High
You read that right. One trader made $10MM in trades that had to be called back, and drove the price of oil up $1.5 in about half an hour. Trading firm scandalized, markets trying to figure out how to correct. Our question: Are you freaking kidding? That kind of price movement on $10MM?
China Cannot and Will Not Power a Global Economic Recovery
Why can’t China help? “If the U.S. economy is still weak in July 2010, Asia will have a hard time supporting growth from within. At the moment, stimulus efforts are starting from a low base. Over time, government spending and low interest rates may get less traction. The Asian market won’t close the gap.”
Do American Subsidy Complaints Against China Smack of Hypocrisy?
(Yes.) With complaints pending before the WTO against China and the EU over their state subsidies, it’s perhaps a good idea to ask if we come to the panels with unclean hands. Farm subsidies, Buy American, and tariffs against anyone who doesn’t cap and trade — America’s not even talking the talk on free trade.
Alien AP Writers Stunned to Find Former American President Celebrating Fourth of July in Small Town Oklahoma
George W. Bush will, at the invitation of a small town in Oklahoma, visit the town for its Fourth celebrations. More stunned than the city officials is the AP writer, who notes Bush “seems to especially enjoy rubbing elbows with regular folk.” Um, yeah. That’s been clear for a decade and more.
Lincoln: A Great Man, Emphasis on the “Man” Part
Two centuries after Lincoln’s birth, scholarship about him either makes him a secular saint, a crude politician forced into the anti-slavery camp by outside forces, or a writer who became President. He was all of these things and none: He was the consummate politician determined to become President, save the Union, then abolish slavery.

