Carole Bartolotto: I knew the battle over prop 37 would be heated, tough, and ugly. But I was not expecting biotech companies and food manufacturers to stoop as low as they have and spend a million dollars a day doing so.
John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.
Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.