Check out these images from the Huffington Post. I have no idea if developing a bus to drive OVER cars is technologically possible, but it’s an interesting notion to think about.
Category: Economy (Page 2 of 2)
SonicsCentral.com has done a good job of keeping us up to date on Seattle candidates’ views on the NBA returning to Seattle.
Props to David Nelson of the P-I for asking these questions:
http://blog.seattlepi.com/insidebelltown/archives/182579.asp
Joe Mallahan:
I think we have to work very hard to attract an NBA team back to Seattle. That particular proposal I haven’t examined closely. The NBA’s not coming back if we don’t provide an arena that’s at NBA standards, the NBA’s come a long way. We have to figure a way for private and public dollars to partner to make that happen but it has to be done in a way where it’s not on the backs of the taxpayer. I am committed to working fervently to get a team back. The NBA is a huge part of our culture.
…With the tax payers paying their fair share. That’s a complex formula that we’re going to have to work on and partner with the private interests that are interested in owning an NBA team. As a community we blew it and we have to recover, it’s a big part of our history and culture and I would be very proud if I could help bring a team back.
Mike McGinn:
I need to know more about the proposal before committing to supporting it. My key issue here is ensuring that we’re making a wise investment of public resources into the arena and not finding our self in a position where the city ends up on the hook, these are pretty serious budget times. I’m open to a renovation of Key Arena, but I have to see what the payoff is.
We have to be careful with taxpayers and we have to make sure we’re doing the right thing for the surrounding business district, the arena, and Seattle Center. But I’m certainly open to people making the case.
This morning I listened to Dave Ross interview Ravi Batra, a professor of Economics and author of The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos. Mr. Batra had what I think is a fabulous idea for the automaker bailout.
To summarize, the automakers want $50 Billion to save them. Batra explains that for about $1 Billion, you could buy 60% of General Motors. Then you could give all those shares to the UAW to distribute amongst their workers, making every union employee of GM a significant shareholder in the company. Then, they could decide what woul dbe the best courses of action for the company to take.
It’s brilliant. It’s not socialism, because the people would get paid if they created value, and lose their jobs if they wouldn’t. Plus, it would force the UAW to come to grips and decide whether their policies are good for the companies that employee their members. I think it’s a great idea. Too bad it will never be considered…
All you need is Yahoo Finance and a F5 button. Refresh every minute or so, and watch the market change 50 points at a time. Really fun. Seriously, good times. Thats a 900 point swing by the way from 9:30 to 3:30.