Sheldon Silver, the corrupt and obnoxious, Democratic Leader of the NY State Assembly was found guilty on all counts and will now have to resign his seat. If Skelos, the Republican Senate Leader, is found guilty on all counts, he will be gone for good and maybe the legislatures of NY will clean house and figure out how to remain clean. Then it will be up to the voters to elect people of intelligence to the Legislature, who will figure out how to reduce the state's debt, while growing the economy of upstate NY.
The Federal Reserve found a way to satisfy Dodd-Frank and maintain its lender of last resort function. Although I don't expect them to have to use it in my remaining life time, as we saw in 2008, that function is critical to avoiding depressions when you have a credit crunch. It is sound economic policy to have an institution with unfettered power to be the lender of last resort, as Milton Friedman wrote so well about.
The NY Giants offensive line is in a shambles health wise and they were not that good when they were healthy. So I can just root for the Jets vs the Giants this weekend because a victory will do the better team more good, and maybe the Giant brain trust will figure out a way to rebuild the O and the D Line, neither of which are playing up the Big Blue standards.
No comments:
Post a Comment