Monday, March 17, 2008
This little non-story is zipping around the web today and I almost didn't link to it-I think women in powerful positions have a hard time with fashion. "What do I wear that says I'll bomb you into the stone age while still looking feminine?" I've pretty much a;ways given Hillary a pass on the terrible haircuts and awful pantsuits she's subjected me to over the years. After all who does get that sort of thing right? I mean it's not like Margret Thatcher was a fashion plate.
Then it occurred to me. Nancy Pelosi. Now I'll grant you, Speaker Pelosi is a loony but she is elegantly dressed-ALWAYS. Pelosi manages to be feminine in a pants suit, yet secure in her role and gender. Maybe it's the muted tones, maybe it's the strand of pearls, but she always looks put together.
Sure, Clinton might be gun shy of femininity after National Review Online editor Kathryn Jean Lopez criticized Clinton for showing cleavage while speaking in the Senate about a year ago. But embracing her femininity as Pelosi has, instead of fighting it, might aid some of Hillary's image problem.
JP Morgan is buying the company, recently valued at well over $100 a share, and selling for over $50 as recently as last Thursday, for $2 a share. Bear Stearns is a victim of the subprime debacle. What's next? Perhaps the collapse of large hedge funds that leveraged their investments in mortgage-backed securities? A similar collapse of a major international bank like Citicorp?
I've said it before (e.g.), and I'll say it again. I simply didn't, and still don't, understand how anyone could have thought that giving people, often people with terrible credit histories, mortgages with no money down and often with no documentation of income--and after an unprecedented increase in prices left the market especially vulnerable to a downturn in prices--was a good idea. Maybe if I had studied for an MBA in Harvard and worked my way up to the top of the investment banking industry it would somehow have made sense to me.
TONGREN, China (AP) - Protests spread from Tibet into three neighboring provinces Sunday as Tibetans defied a Chinese government crackdown, while the Dalai Lama decried what he called the "cultural genocide" taking place in his homeland.
Demonstrations widened to Tibetan communities in Sichuan, Qinghai and Gansu provinces, forcing authorities to mobilize security forces across a broad expanse of western China.