Domestic Glance
Less than a year after then-Gov. Sarah Palin (R-Alaska) quit the government to pursue other projects, Alaska leads the way in its debt-to-GDP ratio when its unfunded pension obligations are taken into account, followed by Rhode Island, New Mexico, Ohio and Mississippi. And although Alaska’s ratio is far lower than Greece’s, it does give the state a debt-to-GDP ratio similar to that of Jordan and Palin’s favorite health care resource, Canada, and a higher ratio than Ghana, Cote d’Ivoire, India, the Philippines or Uruguay.
Three recent events — the foiled Christmas Day bombing of a Detroit-bound airliner, the Dec. 30 assassination of seven CIA officers and contractors by a Jordanian double agent in Afghanistan and the difficulties that U.S. Marines in Marjah, Afghanistan, have encountered — all have something in common: inadequate intelligence.
Four men accused of trying to bomb synagogues and shoot down planes in New York last spring did little more than go along with a fake plot proposed, directed and funded by the federal government, defense lawyers claim in asking the court to dismiss the case.
The NY Fed, and likely Geithner himself, undermined, perhaps even violated, laws designed to protect investors and markets.
In a giant auction, the federal government has agreed to sell for pennies on the dollar most of the 120,000 formaldehyde-tainted trailers it bought nearly five years ago for Hurricane Katrina victims. But the sale of the units, perhaps the most visible symbol of the government's bungled response to the hurricane, has triggered a new round of charges that it is endangering future buyers for years to come.
After three days of turbulent meetings, the Texas Board of Education on Friday voted to approve a social studies curriculum that will put a conservative stamp on history and economics textbooks, stressing the role of Christianity in American history and presenting Republican political philosophies in a more positive light.
