THE FLASHLIGHT, October 18-24, 2008
THE FLASHLIGHT
No Peace without Justice, No Justice without the Facts
October 18-24, 2008
Mary K. Matossian, Editor
mary@matossian.net, Apt. 9-M
US Politics
NBC 10-19. General Colin Powell, former Secretary of State, announced his support for Barack Obama as President. He said he did not believe that Sarah Palin was ready to be President, and that nominating her was an act of bad judgment by John McCain. He praised Obama both for the substance of his positions, and his steady style of leadership. Powell blamed the McCain campaign for tying the McCain to the deck of the Titanic.
NYTiimes 10-20. Obama raised $66 million in August and a record $150 million in September. He has raised a total of $600 million from private sources.
CNN 10-21. Obama now leads by 9 points in national polls. Also 75% of American are angry about the situation today. The “527” groups have run into legal issues and are not raising much money for McCain. 10-22, Obama leads in Virginia 54 to 44 points. Palin is now a drag on McCain except among the Republican base. Independents and seniors nationally are switching to Obama. They are concerned about protecting Social Security and their retirement accounts. There is public resentment that the Republicans spent $150,000 on a chic wardrobe and hardos for Palin.
When McCain says Obama is too inexperienced, Obama says McCain is out of date. He says that McCain is not fighting for Joe the Plumber but Joe the hedge fund manager.
US Economy
PBS 10-20. Economists are predicting a recession until summer, 2009.
` CNN 10-22. Stocks were down 40% in 2008.
PBS 10-22. Corporate earning in the third quarter were poor. Commodity prices were down. There are mass sell-offs on a global scale.
CNN 10-23. Alan Greenspan, former Federal Reserve Chairman, testified in Congress that we are experiencing a once in a century credit tsunami. He was shocked, shocked that banks would so neglect the borrowers’ welfare. Greenspan was under the “collective delusion” that house prices would keep going up.
Oil prices are down to $66.75 a barrel.
US Health
NYTimes op ed. 10-24 (by Billy Beane, Newt Gingrich, and John Kerry). “How to Take American Healthcare from the Worst to the First” Doctors should make medical decisions from statistics in clinical studies of the effectiveness of various medical procedures and technologies. As of now, decisions are too much made on the basis of informed opinion, personal observations, and tradition. As a result the US is spending more than twice as much per capita on health care as almost every other country in the world and getting a worse health quality than most industrialized nations.
Turkey
NYTimes 10-21. A trial began of 86 individuals accused of an ultra-nationalist coup against the elected government. They were charged with planning assassinations and bombings in order to overthrow the government. They were also accused of the murder of three staff members of Christian publishing houses and of plotting the murder of Nobelist writer Orhan Pamuk. They were charged with planning to kill Greek and Armenian religious leaders and a Jewish businessman.
No Peace without Justice, No Justice without the Facts
October 18-24, 2008
Mary K. Matossian, Editor
mary@matossian.net, Apt. 9-M
US Politics
NBC 10-19. General Colin Powell, former Secretary of State, announced his support for Barack Obama as President. He said he did not believe that Sarah Palin was ready to be President, and that nominating her was an act of bad judgment by John McCain. He praised Obama both for the substance of his positions, and his steady style of leadership. Powell blamed the McCain campaign for tying the McCain to the deck of the Titanic.
NYTiimes 10-20. Obama raised $66 million in August and a record $150 million in September. He has raised a total of $600 million from private sources.
CNN 10-21. Obama now leads by 9 points in national polls. Also 75% of American are angry about the situation today. The “527” groups have run into legal issues and are not raising much money for McCain. 10-22, Obama leads in Virginia 54 to 44 points. Palin is now a drag on McCain except among the Republican base. Independents and seniors nationally are switching to Obama. They are concerned about protecting Social Security and their retirement accounts. There is public resentment that the Republicans spent $150,000 on a chic wardrobe and hardos for Palin.
When McCain says Obama is too inexperienced, Obama says McCain is out of date. He says that McCain is not fighting for Joe the Plumber but Joe the hedge fund manager.
US Economy
PBS 10-20. Economists are predicting a recession until summer, 2009.
` CNN 10-22. Stocks were down 40% in 2008.
PBS 10-22. Corporate earning in the third quarter were poor. Commodity prices were down. There are mass sell-offs on a global scale.
CNN 10-23. Alan Greenspan, former Federal Reserve Chairman, testified in Congress that we are experiencing a once in a century credit tsunami. He was shocked, shocked that banks would so neglect the borrowers’ welfare. Greenspan was under the “collective delusion” that house prices would keep going up.
Oil prices are down to $66.75 a barrel.
US Health
NYTimes op ed. 10-24 (by Billy Beane, Newt Gingrich, and John Kerry). “How to Take American Healthcare from the Worst to the First” Doctors should make medical decisions from statistics in clinical studies of the effectiveness of various medical procedures and technologies. As of now, decisions are too much made on the basis of informed opinion, personal observations, and tradition. As a result the US is spending more than twice as much per capita on health care as almost every other country in the world and getting a worse health quality than most industrialized nations.
Turkey
NYTimes 10-21. A trial began of 86 individuals accused of an ultra-nationalist coup against the elected government. They were charged with planning assassinations and bombings in order to overthrow the government. They were also accused of the murder of three staff members of Christian publishing houses and of plotting the murder of Nobelist writer Orhan Pamuk. They were charged with planning to kill Greek and Armenian religious leaders and a Jewish businessman.
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