. . . Obama, in a historic triumph, becomes the nation's first black president since the second season of 24, setting off an ecstatically joyful and boisterous all-night celebration that at times threatens to spill out of The New York Times newsroom. Obama, following through on his promise to bring change to Washington, quickly begins assembling an administration consisting of a diverse group of renegade outsiders, ranging all the way from lawyers who attended Ivy League schools and then worked in the Clinton administration to lawyers who attended entirely different Ivy League schools and then worked in the Clinton administration. But the hopeful mood is dampened by grim economic news. The stock market plummets farther as investors realize that the only thing that had been keeping the economy afloat was the millions of dollars spent daily on TV commercials for presidential candidates explaining how they would fix the economy.
More and more companies seek federal help, among them the troubled "big three"automakers, whose chief executives fly to Washington in three separate corporate jets to ask Congress for $25 billion, explaining that if they don't get the money, they will be unable to continue making cars that Americans are not buying.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Monday, January 05, 2009
Auld acquaintance ... Spitzer & Dupre ...
Via Paul Kedrosky, Dave Barry's rocking 2008 in review seems to peak in November:
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