Author: Kannoneer

Advice to the new FCC Chair

Kannon Fodder

The Minneapolis Star Tribune gives some advice to Julius Genachowski, our new FCC Chair and the man behind Obama’s masterful use of technology. It’s an insightful, forward thinking piece – The Kannon’s team can’t wait to hear what the big guy has to say about it.

Up ahead for the FCC – The troubled transition to Digital TV, Broadband access for all, cross ownership, and what to do about future “wardrobe malfunctions.”

Star Tribune

The Chinese New Year: Their economy is broke

Kannon Fodder:

Celebrating the Chinese New Year, here’s something that caught our eye in the UK Times Online: A couple of quotes: “Even before the global financial crisis, those in absolute poverty (earning less than US$1 a day) doubled in China over the past decade… The general economic outlook is so dire that the Chinese President, Hu Jintao, has increasingly issued warnings about the possibility of political and social collapse.” The subtitle of the article says it all: “Beijing’s “authoritarian capitalist” model has gone as far as it can. Chaos, corruption and indecision have been ignored.”
Times Online

Kannon Fodder: Bailout Bonanza

Now you too can reduce your mortgage to 40% of you income – (if you have any income, that is…)

From the AP, via Forbes.com: “Wells Fargo provides various modifications with the goal of reducing mortgage payments to about 38 percent of the size of a customer’s income.” Can’t wait to hear the rant….

www.forbes.com

Kannon Fodder: The view from down under – Economic Sticky Wicket

note: the Loose Kannon Editorial Board, also known as the Kannoneers, felt that the following was worthy of bringing to the attention of both Loose Kannon and you, our valued readers:

Australia’s Treasurer Wayne Swan gave a talk to his lunchtime audience of investment bankers in New York on Friday, and set a somber tone to say the least. The Kannon Team knows that what happens in the rest of the world is at least as important as what happens down on Wall Street.

Here’s a quote: “Put simply, Swan was playing on a sticky wicket and managed the bowling pretty well under tough conditions. Evidence of that was the fact that the panel broadly agreed with his analysis.”

Translation, anyone?

Read the rest of the article that caught the Kannoneer’s eye at The Australian News.

Kannon Fodder: Someone’s Hand Caught In The Public Purse

editor’s note: with this post we continue a new feature entitled “Kannon Fodder” in which the Loose Kannon Editorial Board, also known as the Kannoneers, present items we deem worthy of bringing to the attention of both Loose Kannon and you, our valued readers.

This one caught our attention:

In today’s New York Time Editorial page, an Editorial titled “It’s Not Their Money” – here’s an excerpt: “The entire financial industry must be made to understand that the billions it has gotten from the public purse are not a reward for the havoc it wreaked on the financial system and the lives of so many Americans… The banking rescue package was meant to serve the American economy. It’s not the bankers’ money. ”

http://www.nytimes.com

Kannon Fodder: Chief Justice Roberts Slips

editor’s note: with this post we debut a new feature entitled “Kannon Fodder” in which the Loose Kannon Editorial Board, also known as the Kannoneers, present items we deem worthy of bringing to the attention of both Loose Kannon and you, our valued readers. Enjoy.

This New York Times Op-Ed echoes LK’s post about Chief Justice Roberts’ slip(?) of the tongue.

A slightly different take on the now infamous oath.

http://www.nytimes.com/