I shall post videos, graphs, news stories, and other material there. We shall use some of this material in class, and you may review the rest at your convenience. You will all receive invitations to post to the blog. (Please let me know if you do not get such an invitation.) I encourage you to use the blog in these ways:
To post questions or comments about the readings before we discuss them in class;
To follow up on class discussions with additional comments or questions.
To post relevant news items or videos.

There are only two major limitations: no coarse language, and no derogatory comments about people at the Claremont Colleges.

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Friday, March 20, 2009

Turns out that congress can act quickly

Less than a week after the AIG bonus payments were announced, the House of Representatives passed a bill that would take back 90 percent of that money. For all the cries of partisan gridlock, Congress can get something done if it really wants to. The bill passed with large bipartisan support (328-93). Only 6 Democrats opposed it while the Republicans were pretty evenly divided with 85 voting for the bill and 93 against.

Sidenote: AIG comes out of this awfully from both a PR and financial perspective. Not only will they pay out bonuses that won't actually benefit their employees, but the White House and Treasury may decide to withhold $165 million from the next $30 billion payment of bailout funds, leaving AIG $330 million short. (from NPR)

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