Week 39/2008 Highlights

Topics in the news that caught my interest during this past week.

Terrorism Continued

Anyone who thinks that the War on Terror is over should take a close look at what happened over in Pakistan.  Almost 60 people dead & over 260 injured after 1300 lbs. of high explosive detonated in front of the Marriot hotel.  From what I understand, this was an attempt by the terrorists to assassinate high ranking Pakistani officials who changed their plans at the last minute.  Obviously, they missed, and lots of innocent people died & are suffering from grievous injuries.  al Queida has supposedly been linked to the bombing.

I hope that the presidential candidates are paying attention to this.  But knowing them, it will just be another sound bite.

Oops!!  China Did It Again

First it was contaminated pet food, then it was counterfeit parts & CDs, lead paint on toys, and now it’s contaminated milk.  Only this time, they did it to themselves.

Not only have Chinese children been affected, but products outside of the Chinese borders have been contaminated.  Products have been pulled internationally.  China promises to punish those responsible, but that is little comfort to those parents whose children have died or been permanently injured by the willful chemical contamination of milk all in the name of greed.

While I do not intentionally make light of this tragedy, when will we sit up & take notice that business with China is not in our best interest in the long run?  If they don’t care about their own people, why do we think that they will take care of us?

The money to be made only goes so far…and it’s hard to spend inside a jail cell.  And speaking of greed…

Who Pays for Wall Street’s Bailout?

Why, the taxpayer, i.e., you!!

Yes, we’ve all heard the reasons for the government wanting to shell out $700 Billion for basically underwriting bad loans, investments, and otherwise propping up horrendous speculations made by executives that paid themselves millions of dollars in compensation while their companies tanked.  There is evidence that some of these companies “cooked” the books to make it appear that the companies were doing well while they weren’t just so the executives could get their multimillion dollar bonuses (isn’t that called fraud?).  And now the house of cards has collapsed, and the government has to step in with financial support to keep the economy from totally failing.

What is also painfully frustrating is that our elected officials in Congress (both Parties, mind you!) took “campaign contributions” from the financial sector to basically relax regulations and change rules to allow greater financial exposure in pursuing greater profits.  Thousands of dollars were paid, and millions of dollars were made.

Here’s what I think should be done:  Those executives that received their bonuses by fraudulent means should have those bonuses confiscated and jailed.  Those Congress-critters that received “campaign contributions” should “donate” five times the amount received from their personal accounts toward the bailout fund and be removed from office.  Yeah, I’m a big fan of accountability, but we all know that very little of the preceding will occur.

Ahmadinejad Visits UN

Yes, Iran’s president visited the UN and basically told everyone that Iran will continued to develop nuclear power.  It doesn’t matter that Iran is sitting on a sea of oil, they must join the nuclear club.  Doesn’t anyone really see that Iran seeks to dominate the Middle East and destroy anyone that gets in their way?

Foreign Policy Qualifications?

The news has been making a big deal about Governor Palin meeting foreign leaders, and how this highlights her inexperience with foreign policy.  Come on!!  She is running for the Vice Presidency, not the Presidency.  And who is running for President on the Democratic ticket that has a rather thin resume on that subject?

The First Presidential Candidate Debate

The first debate between McCain and Obama was on last night.  Will need to see it, but the pundits this morning are calling it a draw.

VP Change Rumor

There is a rumor that Joe Biden will drop out of the election due to health reasons, and be replaced by Hillary Clinton. I wonder if Biden’s doctors have told old Joe that he has terminal foot in mouth disease…

US Wins Ryder Cup!!

Who needs Tiger Woods when Captain Paul Azinger picks six rookies to do the job?  I wish I could have watched it (although I would much rather be playing golf than watching it)…

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About Tom Roland

EE for 25 Years, Two Patents - now a certified PMP. Married twice, burned once. One son with Asperger's Syndrome. Two cats. Conservative leaning to the Right. NRA Life Member.
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