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wall street journal

Senator Corker Cozing Up To An Auto Bailout

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From the Wall Street Journal:

U.S. Senator Bob Corker (R-Tenn.) says he spent recent days in New York speaking with various bankers and turnaround experts.

Conservatives Target Imaginary Foes

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I've heard claims for many weeks now on Conservative media outlets that they are facing extinction from Democrats in Congress and the Obama administration. But that's just not true. It has been voters who have turned them out and told them "thanks but no thanks" for their bridges to nowhere.

Tuesday Business Links: Live Nation Hooks Up With Blockbuster

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• Live Nation has inked a three-year deal to sell tickets at about 500 Blockbuster stores. Good news for those without credit cards or Internet access. A pretty meaningless development for those of us who remember with horror having to stand in line at ticket outlets in the olden days.

Protesting the Bailout Mentality

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From a commentary by Texas Gov. Rick Perry and South Carolina Gov. Mark Sanford, published in the Wall Street Journal:

Borrowing money to "solve" a problem created by too much debt seems odd.

Indeed.

What's up with munis?

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There was some discussion at the start of the meltdown re. how this would affect state and local governments. My opinion at the time was that some defined-benefit pension plans would get hammered, but overall state and local governments would have no problem issuing bonds as investors sought safe haven.

As usual I was wrong, but I wasn't sure exactly why.

Iconoclasts in an Icon Saturated World

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Being iconic doesn't carry the weight it used to. Icon is now just one more consumer choice among many (for those with the money) rather than a monumental or meaningful landmark. Perhaps computing played its own role in shrinking "icon" to the scale of a tiny character that merely functions as an switch to a technical program.

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