FAILOUT: $700 Billion Later, Global Markets Collapse, Paulson Wants To Feed The Beast ‘Unlimited Loans’

TIME:  Treasury Secretary Henry Paulson and his team are starting to look like short-order cooks stuck in a perpetual lunch-hour rush. The worse the economic crisis gets, the more confidence- and liquidity-boosting measures they cook up, from the Bear Stearns deal last spring to the AIG bailout last month. Now the markets have devoured last week’s passage of the titanic $700 billion bailout package without a trace. By the end of Tuesday, the Dow had dropped 1,400 points in five days, the biggest point loss ever. As increasingly gloomy job numbers pile on top of the continuing problems in the […]

NPR FOR THE DEAF: We Hear It Even When You Can’t

FRESH AIR Fliers warning that people with outstanding warrants or unpaid parking tickets could be arrested if they show up at the polls on election day appeared recently in predominantly African-American neighborhoods of Philadelphia. Zach Stalberg, the president of the nonpartisan watchdog group Committee of Seventy, suggests that a Republican Party supporter may have posted the fliers in an effort discourage voters. A native Philadelphian, Stalberg was the editor of the Philadelphia Daily News for 20 years. In 2005, he became president of the Committee of Seventy, a group founded in 1904 with a mission to improve the Philadelphia region […]

WORTH REPEATING: Wake Up White People

EDWARD LINKELMAN: I owe a great deal to the United Steelworkers of America. Not only was my father a member his whole working life, but I attended college on a very generous scholarship sponsored by our local chapter. So while I’m not perhaps the most objective observer of their role in the increasingly global economy, I am extremely grateful to them for what they’ve given my family and almost heart-breakingly proud of the speech below, given by AFL-CIO Secretary Treasurer Richard Trumka recently. I’ll be honest, I know more people than I care to count who will not vote for […]

Top Five Reasons You Shoulda Blown Off The Debate To See Nick Cave At The Electric Factory Last Night

1. Nick Cave is not dead yet.  Without hanging too much on the whole “Lazarus” metaphor, Nick Cave does seem to be back to doing what he does best.  The greasy factory as church and even greasier congregation groping through the darkness as they approach judgment?  Yeah, still intact.  (SEE “We Call Upon the Author”) Biblical parables that veer into porno and somehow emerge as romance? Yup.   (SEE “Lie Down Here (and Be My Girl)”)   Songs that start out delicately and comforting with the patient beauty of an emerging butterfly before shaking you awake with visions of baby-eating wolves? Hell […]

BIG LOVE: Here Come The Mormons

INQUIRER: A new Mormon temple will be constructed on the 400 block of North Broad Street across from the Philadelphia School District headquarters, the church announced today. The Church of Jesus Christ of Latter-day Saints said it will build the temple on a parking lot it owns on Broad Street between Noble and Hamilton Streets. According to city tax records, the church paid $8 million in October 2007 for two lots totaling 33,400 square feet — less than an acre. The land is now occupied by a private parking lot surrounded by chain-link fence. Mormon Church president Thomas S. Monsoon […]

MCSHAME: Hate Talk Express

[Hat tip to SCOTT COLAN] NEW YORK TIMES: It is a sorry fact of American political life that campaigns get ugly, often in their final weeks. But Senator John McCain and Gov. Sarah Palin have been running one of the most appalling campaigns we can remember. They have gone far beyond the usual fare of quotes taken out of context and distortions of an opponent’s record — into the dark territory of race-baiting and xenophobia. Senator Barack Obama has taken some cheap shots at Mr. McCain, but there is no comparison. […] We certainly expected better from Mr. McCain, who […]

CINEMA: A Comedy Of Terrors

VARIETY: Oliver Stone’s unusual and inescapably interesting “W.” feels like a rough draft of a film it might behoove him to remake in 10 or 15 years. The director’s third feature to hinge on a modern-era presidency, after “JFK” and “Nixon,” offers a clear and plausible take on the current chief executive’s psychological makeup and, considering Stone’s reputation and Bush’s vast unpopularity, a relatively even-handed, restrained treatment of recent politics. For a film that could have been either a scorching satire or an outright tragedy, “W.” is, if anything, overly conventional, especially stylistically. The picture possesses dramatic and entertainment value, […]

PETTY OFFICER: The Dimming Of John McCain’s Halo

PHAWKER: Why not just call him ‘boy’? WALL STREET JOURNAL: Obama spokesman Bill Burton sent a one-line message to reporters after McCain made the comment that said, “Did John McCain just refer to Obama as ‘that one’?” And again at the conclusion of the debate, the Obama campaign emailed reporters, “Did John McCain refer to Obama as ‘that one’?” Obama campaign manager David Plouffe also referenced the remark in his post-debate statement. “John McCain was all over the map on the issues, and he is so angry about the state of his campaign that he referred to Barack Obama as […]

TONITE: Get Up, Old Man! Get The Fuck Up!

[Artwork by FLYOVERSTATE] Tune in tonight for the snarkiest bi-coastal debate coverage on the Internet! You may not learn anything, but it will make you feel better. Tonight’s analysts will be JONATHAN VALANIA and JEFF DEENEY on the East Coast (Philadelphia, to be exact) and  CITIZEN MOM who will be watching from the West Coast (Portland, to be exact). Starts around 9 PM. You betcha! UPDATE: The insta-polls, which provide viewers with a somewhat skewed but important insight into how each candidate fared say, by and large, that Obama scored a victory in the second debate. MORE deeney: whaaaaaaaaaaaaaa?????? HE […]

NPR FOR THE DEAF: We Hear It Even When You Can’t

[Illustration by ALEX FINE] FRESH AIR Author and activist Antonia Juhasz argues that the oil industry’s grip on policy and government has never been stronger. What’s more, Juhasz says, the business and politics of oil’s production pose such grave implications on so many fronts — the environment, human rights, the economy, worker safety, public health — that the current state of petroleum-industry affairs is fundamentally antithetical to democracy. Juhasz, a fellow at the petro-critic organization Oil Change International and at the Institute for Policy Studies, documents her concerns — and lays out proposed remedies — in her new book, The […]

HEAR YE: Bob Dylan Tell Tale Signs

DAN DELUCA: Bob Dylan’s new album isn’t exactly a new Bob Dylan album. Instead, Tell Tale Signs: Rare and Unreleased, 1989-2006 (Columbia ***½), is one of those alternative-history compilations, like the Beatles’ Anthology series or Bruce Springsteen’s Tracks, that considers a major artist’s career from an off-center angle, using unreleased cuts and little-heard gems to take a fresh look at a musical titan who, in this case, has been hiding in plain sight for decades. Tell Tale (a.k.a. “The Bootleg Series, Vol. 8”) is the most prominent of a clutch of new releases hitting stores today. It covers the startlingly […]

PALIN LAND: The Gloves And The Hoods Are Off

WASHINGTON POST: CLEARWATER, Fla. — “Okay, so Florida, you know that you’re going to have to hang onto your hats,” Sarah Palin told a rally of a few thousand here this morning, “because from now until Election Day it may get kind of rough.” You betcha. And the person dishing out the roughest stuff at the moment is Sarah Palin. “I was reading my copy of the New York Times the other day,” she said. “Booooo!” replied the crowd. “I knew you guys would react that way, okay,” she continued. “So I was reading the New York Times and I […]

SMELLS LIKE JOURNALISM: How The Justice System Killed A Woman For The Crime Of Schizophrenia

[Photo by LINDA DG] INQUIRER: Sandy Morgan didn’t have a receipt when she walked out of the Boothwyn Wal-Mart with more than $500 worth of dolls, toys and girls’ clothes. In her mind, she didn’t need one. She owned Wal-Mart, she told a manager who tried to stop her. Sandy knew things others didn’t. She knew she owned many stores and she knew the television transmitted demons. She took care to protect her family: She threatened the demons with knives and a broken mop handle; she threw away food she was sure was poisoned. It was a strain, fighting things […]