Links and Minifeatures 2008 07 25 Friday

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Prof whose 'last lecture' became a sensation dies

Randy Pausch, the Carnegie Mellon University computer scientist whose "last lecture" about facing terminal cancer became an Internet sensation and a best-selling book, died Friday. He was 47.

His "Last lecture" video is here

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Shameful

Housing rescue on track to pass Senate by Saturday

The bill suffers badly from "throwing money at a problem to see if it will do any good." However politically popular it may be, it won't.

It won't fix the problems that led to this mess.

It does nothing that will actually prevent a repeat of same.

All it does is cost millions of taxpayers who lived within their means billions of dollars in order to bail out (partially) those who didn't, but mostly wealthy lenders who acted irresponsibly despite the fact they should have known better, while living a profligate lifestyle. Why? Because they make campaign contributions. This isn't about helping the little guy who stretched slightly too far. This is about billing the taxpayer for reckless corporate behavior.

The plan gives the Treasury Department power to spend unlimited amounts to prop up Fannie and Freddie, should they need it, to calm investor fears about their financial stability at a time of rising foreclosures and falling home values. Treasury Secretary Henry M. Paulson calls the authority a "backstop" which he has no intention of using.

That's funny. Why am I not laughing? I probably should. The alternative is worse. But somehow it's just not coming.

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Worst over for drivers as pump prices slide: AAA

"We expect pump prices below $4 this weekend and we could see the price fall another 25 cents before Labor Day (September 1), if oil prices don't rebound," said AAA spokesman Geoff Sundtrom. "We think it is primarily in reaction to the drop in demand by American consumers."

That and the fact that President Bush repealed the executive ban on drilling and congressional Republicans are making all kinds of political hay on repealing the legislative ban. Maybe it doesn't make much of a difference to actual supply and demand, but it put the brakes on the boost from speculation as suddenly people aren't so certain that supplies are going to continue to constrict, and the panic locking in of supplies has slowed.

I just paid $4.07, down from $4.54 a couple days before President Bush repealed his father's order banning drilling.

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Real Perspective on Europe and Obama: What they do when the rubber hits the road from National Review

If they want to vote in our elections, they should apply for statehood. When they have to live with all of the results (and pay the taxes), then they can vote.

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I've been Mr. Mom since Tuesday morning. The hard part is that the girls daycare is in Mira Mesa (convenient to my wife), while my office is in Santee. I've been putting in 2.5 to 3 extra hours per day in traffic, and I'm exhausted. Today was the last day, though, and she's supposed to be back tomorrow afternoon. Yay!

Still, I may not have the time to get anything new done by Monday. I haven't given up, though. I'm hoping I'll get some time Sunday.

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About this Entry

This page contains a single entry by Dan Melson published on July 25, 2008 7:00 PM.

Links and Minifeatures 2008 07 24 Thursday was the previous entry in this blog.

Conforming and Jumbo Only Apply to "A Paper" Conventional Financing is the next entry in this blog.

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