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Posted by William A. Jacobson on October 17, 2008 0 Comments

The United States Supreme Court has vacated a 6th Circuit injunction requiring the Ohio Secretary of State to implement procedures to prevent voter fraud. The Supreme Court decision is here, http://www.supremecourtus.gov/opinions/08pdf/08A332.pdf.Of note, the Supreme Court decided the case on very narrow grounds, that the Ohio...

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Posted by William A. Jacobson on October 16, 2008 0 Comments

Are we witnessing the end of capitalism? Has it ever been this bad? Do these charts show the end of capitalism? I guess that depends on how you look at things. The first chart tracks the Dow Jones Industrial Average from 1920-1940, when the average went from...

Posted by William A. Jacobson on October 16, 2008 0 Comments

Here is a link to my article, published in The Ithaca Journal, on how "Risk in the Mortgage Industry Spurred Meltdown": http://www.theithacajournal.com/apps/pbcs.dll/article?AID=/20080927/OPINION02/809270304/1014/NEWS17 ....

Posted by William A. Jacobson on October 16, 2008 1 Comment

Joe the Plumber made it to prime time in last night's debate. In fact, just about the only thing anyone will remember about the debate is the name Joe the Plumber.Joe the Plumber first became known when he confronted Barack Obama during a campaign stop,...

Posted by William A. Jacobson on October 15, 2008 0 Comments

From Investment News: House Democrats contemplate abolishing 401(k) tax breaks Powerful House Democrats are eyeing proposals to overhaul the nation's $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive. House Education and Labor Committee Chairman...

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Posted by William A. Jacobson on October 15, 2008 2 Comments

Many people talk about the use of the "race card." Playing the race card does not mean talking about race or discrimination, which are legitimate political and moral issues. Playing the race card is the use of false accusations of racism to shape the political...

Posted by William A. Jacobson on October 14, 2008 3 Comments

"PREPARE for a new America: That's the message that the Rev. Jesse Jackson conveyed to participants in the first World Policy Forum, held at this French lakeside resort last week. He promised "fundamental changes" in US foreign policy - saying America must "heal wounds" it...

Posted by William A. Jacobson on October 13, 2008 0 Comments

I was a student of Russian and Soviet history in college, and spent a considerable amount of time in the Soviet Union. While a student in Moscow, I became close friends with the Yakir family (more on them in a later post), a family steeped...

Posted by William A. Jacobson on October 12, 2008 13 Comments

The presidential election of 2008 is still three weeks away. By all likely measures, Barack Obama will win. It's not a foregone conclusion, but a strong likelihood.Many people point to the recent economic turmoil as the reason for Obama's rise. In the short run, that...

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