Saturday, November 08, 2014

THE ECONOMIST: " America after the mid-terms - Welcome back to Washington - Republicans have won a huge victory. Now they must learn to compromise - Nov 8th 2014 From the print edition"

This link. (With a nice lead image.)

Mr Obama cannot escape the humiliating verdict on his presidency. He campaigned in his home state of Illinois, for a Democratic governor running against a Republican who belongs to a wine club that costs over $100,000 to join. The oenophile won by five points.

Yet as Republicans toast their triumph, they should be careful not to over-interpret it. Their campaign did not offer voters much of a positive agenda; rather, it consisted largely of urging them to blame Mr Obama for all the trouble in the world. That was enough to secure victory, but does not give them a mandate to pursue a wishlist of conservative policies. Although more Americans than ever hold partisan views, a larger number are weary of gridlock and would prefer their representatives to compromise to get things done. For the voters to be satisfied, America will need to find new ways to run its politics.

Over the last few months Terry Hendriksen has been emailing me about Obama approval ratings being low; and I have discounted it in the belief Obama, while warmed-over Bush-lite to too distressing a degree, did as best as he could given Boehner and friends and their constant resort to putting sabots in the gearboxes of government.

Now, post-election, it appears enough people agreed with Hendriksen's assessment to bother with off-year election voting; while lukewarm regard for the directions taken vs. what might have been may have left progressives too coldly comforted to bother reaching the polls in large numbers.

Put another way, after Bush II was ending his last lame duck years with the economy in tatters there were citizens yearning for progress, among whom some level of disenchantment may have arisen, to the point of group therapy need; per the gist of an item emailed me.

Too many Dems may have stayed home, and will now be forced to watch. And in comparison to the Presidency that might have been we got the one that was. Stripped of illusions, the politician from Chicago ...

"Arguably, there is a third phase to a revolution: the struggle for acceptance. Once power is secure, revolutionaries often seek recognition by strong outsiders. In a globalised world, that means engaging with the great trading countries. Children of Iranian revolutionaries have long followed this path. Privilege for them equals access to Western education and Asian consumer markets. Even hardliners allow their children to jet around the world. The offspring of Ayatollah Ruhollah Khomeini, who led the revolution, have flocked to Instagram and embrace Western mores. Seven of his 15 grandchildren have openly criticised the regime. Many of the students who took American diplomats hostage 35 years ago have become reformists and wish to see closer ties with the West. "

The headline quote is from The Economist, Nov 1, 2014, here.

Banking's culture: Too failed to be big.

Too big to fail was a past theme that the headline turns around in a policy viewpoint for this decade, after the financial melt down during the Bush lame-duck years; this item; this opening quote:

(Reuters) - A top European central banker on Friday put Europe's big banks on notice that it is not only U.S. regulators who will demand large financial institutions change their culture of bad behaviour or face being broken up.

The president of the Federal Reserve Bank of New York, William Dudley, last month told a group of executives at large banks that if they do not reform their culture, by among other things tying pay for bank chiefs to good corporate behaviour, financial stability concerns "would dictate that your firms need to be dramatically downsized and simplified."

The warning appeared to open a new front for regulators trying to rein in banks from the excesses that led to the 2007-09 financial crisis. European Central Bank Vice President Vitor Constancio on Friday said he agreed with the approach.

Wednesday, November 05, 2014

Ramsey - Rebranding.

First there was rebranding Ramsey Town Center. Now ...

this link

Why is this man smiling?

Strib photo (cropped) - this link

Monday, November 03, 2014

Some links are to sites or thoughts with which the Crabgrass author disagrees.

Sometimes not. Figure out which type of link this is. I voted Williams over Buchholz. Seeing things the other way. It is strange to see complaints over small dollar amounts involved in unloading unproductive city owned real estate, when there was no criticism from that direction when the Bob Ramsey - Matt Look council was in its heydays of waste, on Darren, who was paid a million and a quarter of city money for not moving unproductive city owned real estate. But he did a lot of hand holding and booster talking, he did do that. And one low-figure real estate deal, vs. all the MSA money spent on the Legacy school interchange at Hwy 116 and Armstrong, but without any Legacy Christian School to show for the spending -- yet this linked-to author must love Legacy beyond any levels of criticism or questioning. Bless him. At some point he may run for office. On what, the let's go back to Darren ticket? Who knows.

Saturday, November 01, 2014

Dan Quayle, almost a clone, except for that beer bong photo.

No beer bong for me, nope.
Otherwise, compare me, him.