Sunday, November 16, 2008

Miscellaneous

.: Andrew's coverage of the Prop. 8 protests is pretty cool. Start here and scroll down through photos and comments from about 35 different cities. I didn't protest because I'm lazy and and not a protester. I'm so glad others aren't like me.

.: Michael commented on my Big Three articles and, like many, suggested that Chapter 11 bankruptcy would be a painful but positive reorganization of broken companies. I tend to agree, but do find this piece in the New Republic worth pondering. Given the credit crunch, it's possible the companies wouldn't be able to file for Chapter 11 bankruptcy (which allows you to keep doing business and has arguably aided the airline industry for example) but would be forced into Chapter 7 bankruptcy. The kind where you auction off everything. Immediately.

.: One more auto bailout link. Amazing.

.: Barack speaks The Truth! Yes We Can!

.: I love stuff like this. Interesting tidbits about the inner-workings and very foundational elements of our laws and government. It also strikes me that it should be possible to do what's right (confirm the boundaries between two state) and also not screw up people's lives. Draw up some covenants and grandfather property into compliance. Seems like if you've lived in Indiana for 20 years you should continue to live in Indiana even though, technically you don't live in Indiana and when you sell the person who buys your house can deal with the fact that they're not buying a house in Indiana. Jeez, how complicated is that?

1 comment:

J. Michael Andresen said...

Don't know much about chapter 7 vs. chapter 11 and how a company gets into one over the other. The Economist didn't mention chapter 7, but they were actually (surprisingly to me) rather equivocal about the bailout. They made the point that the long-term prospects of the big three are actually quite good, with the massive growth opportunities in India and China. They quoted some studies suggesting that the loss to the US economy would, in fact, be larger than the $50 billion they were initially asking for.