Gettaway at the Shore

After this Summer it was time to take a short vacation at the Shore. We went to Avalon and Stone Harbor NJ for some Fall fun. It was mellow and a relaxing time.

Monday's Bailout Vote

I found this blog by Matthew Yglesias today and he makes what I believe is
a good point:


"The House conservatives who sank the bailout didn’t do so because they were listening to loud and angry voices. They sank the plan by accident. They were trying to double-cross the Democrats. First, they wrung lots of concessions out of Democrats at the negotiating table as the price for delivering 80 votes. Then, by not delivering 80 votes and forcing Pelosi to pass the bill as a partisan Democratic bill, they were going to wage a demagogic anti-bailout campaign. But Pelosi refused to be played for a sucker and so the conservative inadvertently sank a bill that, all evidence suggests, they actually wanted to pass. They just wanted to vote “no” on it for short-term political gain."

New Director to be named

Yes, the moment we have waited for 3 months...This blogger will be there with camera in hand to report LIVE on the celebraton. All the meeting and greeting will be shown, or at least the highlights.

"On behalf of the entire board of the RRCA Board, I am pleased to invite you to a Press Conference on Thursday, October 2, at 6:00 p.m. at the RRCA, 22 N. High Street. The newly hired executive director will be introduced to you, the community and the media at that time.

There will be light refreshments and plenty of time to meet and greet the new excutive.

You do not need to RSVP. We look forward to see you there!

Marianne Lods"

Wall Street FART!!

Today we saw the House voted down the Wall Street bailout and the Dow went down 777 points and "cratored".
I am now watching Charle Rose interview 2 journals. One from Barrons and the other from the NY Times. Charlie keeps saying CRATER...CRATER..
They are saying this is as bad as the 30's. What questions do we have?
Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

"Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

"At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.

"Nobody wants to be left out of Treasury's proposal to buy up bad assets of financial institutions."
Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.
Here are some quotes from the NYT that I got from Michael More.

"Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

"At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.

"Nobody wants to be left out of Treasury's proposal to buy up bad assets of financial institutions."
While you may not agree with Mr. Moore, these statements and the main cause why Congress rejected this bailout.
I am pretty sure it will pass in some form.

Greenwich Annual Artisans and Craft Fair,

We were one of the thousands of people attended the annual artisans and craft fair. The weather was iffy but it did not rain too much. We got some nice gifts and saw some friends. We did some English line dancing and saw a lecture by John Fea. He wrote a book about Philip vickers Fithian. called The Way to Improvement Leads Home.The Dec. 23, 1774, journal entry of Philip Vickers Fithian marked the event that took place the night before, according to McAllister. Fithian, a chaplain who died in 1776 in New York, is viewed by many as one of the rebellion's leaders. Local historian Bob Francois said Fithian was inspired to burn the tea after traveling through Annapolis, Md., two months earlier, shortly after a similar episode there.
I have videos on YouTube that show this interesting lecture.

"There were about half a dozen of these tea parties," Francois said, also noting the most famous incident, the Boston Tea Party.

The Tea Burners' Monument marks 22 names of the rebels, though historians believe as many as 40 could have taken part.

Five men - Josiah Seeley, Joel Miller, Abraham Sheppard, and Ephraim and Silas Newcomb - faced trial in 1775 for their role in the event. According to McAllister, the brother of one of them was the county sheriff and he stacked the jury with revolutionaries. None were convicted. Several of the names - Sheppard, Seeley, Newcomb - are still carried by local residents descended from the revolutionaries.

For more information, call the Cumberland County Historical Society at 856-455-4055.

http://www.youtube.com/watch?v=Z10GdHmI_mMhttp://www.youtube.com/watch?v=Z10GdHmI_mM

David Letterman Mocks McCain's Supension

Crony Capitalism