March 27, 2009
I give up. Let's go back to bed.
March 22, 2009
Sarah Anderson, an analyst with the Institute for Policy Studies and an advocate for more stringent controls on executive pay, said she hopes the AIG situation will prompt Congress to pass heavier taxes on executive pay even at companies that are not receiving government funds. [emphasis mine]
They need to put restrictions on all forms of compensation at these companies, Anderson said.
March 18, 2009
"We've created this mess. Everyone's responsible for allowing executives to receive these bonuses," said George Ayoub of Toronto, Canada, an American who was visiting Los Angeles. "Probably every company needs to be nationalized, and the government will own the corporations instead of the corporations owning the government."
Guard Wife has a good post explaining contract law. And Glenn Beck got in the game and showed just how inconsequential this $165M is in the grand scheme of things.
And this is the problem with government meddling in business:
Experts in corporate law said the Obama administration has an important advantage in the controversy. In return for the bailout, the government now owns 80 percent of the company. "They're the big dog in the room now and can put some leverage on AIG to straighten this out," said attorney Jim Ervin, a partner at Benesch, Friedlander, Coplan & Aronoff Llp in Ohio.
Now that Obama owns you, he can force you to break contracts, which, according to my understanding of Boortz today, means an even bigger payout:
Here's something I'm guessing you don't know. The Financial Services Division of AIG is headquartered in Wilton, Conn. In Connecticut they have a little gem called the "Wage Act." This law says that if an employee has to sue for wages payable pursuant to a contract they recover twice the amount that is contractually owed. That would have meant $330 million instead of $165 million. Add some attorney's fees on top of that. So ... you're running AIG. What would YOU do?
So tell me how getting worked up over this makes any sense!
March 06, 2009
And I wouldn't read Ulysses or Dreams From My Father if you paid me. I took a course in college where the professor offered that if any one of us could 1) read and 2) understand Ulysses, we'd get an automatic A in the class. No takers.
Incidentally, I find it hilarious that people are lying about having read Obama's book.
March 04, 2009
Two years ago, back when we thought we could control our destiny, my husband and I had a discussion about which month of the year we'd prefer our baby to be born in. Subtract 9 months, and that's when we should get to work. I can't even laugh at us because I still find it so frustrating. We also had a definite gender preference and a few other minor desires.
Nine months later, when I finally did get pregnant, I had been hit with a good dose of perspective. I wrote that I had decided that none of these preferences mattered anymore, and that all we wanted was a healthy baby to join our family.
But when that baby died, and then the next one did too, I started to lose that sense of perspective. I hate to say that I started to feel entitled to happiness. We now deserve to get exactly what we want -- boy and girl twins, of course -- because of the heartache and headache we've endured. And now at this point, if I could make it be twins, I would. I would also select for gender if I could. And one of my worst fears is spending these years trying to have a baby and then to get one who has severe health problems or birth defects. I would factor that out as much as I could.
So I kinda understand where these people are coming from.
I haven't yet had to do IVF. IVF is rough. It's painful. People who do it have been through years of sorrow and then endure physical, chemical pain in order to conceive. And I don't blame them if they want to tweak the results a little bit.
I don't see this becoming The New Thing. I don't imagine that people are going to bypass the regular old having-sex route to babies and opt to spend tens of thousands of dollars and give themselves painful shots, just so they can pick blue eyes.
And, from the CBS article, I don't give a rat's behind about this "worry":
Secondly, you're going to have the rich using these technologies, and that's going to advantage them further. It's not going to be something the poor get to do.
Cry me a river. Conversely, the rich aren't going to get welfare checks to raise their 14 babies.
I understand people's revulsion to the "playing God" aspect, but I've never heard anyone bring up this argument. I'm open to discussion on this idea, and I know I haven't thought every aspect through, but I can sympathize with these IVF patients that they feel they're due a little control in their lives. I grok that.
I heard Rick Santorum on TV the other day discussing this, saying that artificial insemination is an abomination against God. It reminded me of the time Bill Maher said that people who can't conceive should "take the hint."
The only abomination is being emotionally and financially ready to raise a family and to find yourself thwarted.
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