Pakistani government does deal with Taliban on sharia law

Pakistani government officials announced Monday that they have reached an agreement with the Taliban to allow strict Islamic law, or sharia, to be implemented in parts of North West Frontier Province. It marks a major concession by the Pakistani government in its attempt to hold off Taliban militants who have made significant advances inside the country. The government will recognize sharia for the entire Malakand Division, which includes the Swat district, the chief minister of North West Frontier Province Amir Haider Hoti announced Monday in a news conference.

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Bankruptcy For General Motors, Chrysler?

— Call it a bankruptcy in disguise. Although General Motors and Chrysler are scrambling to pull together plans by Tuesday showing that it makes sense for the government to support them without invoking the dreaded “B-word,” the efforts look like a classic case of reorganization

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Saving the Real Estate Market by Paying the Neighbor’s Mortgage

The quickest way to help the auto industry would be to make sure that no one in the U.S. defaults on a car loan. Certainly the government could make sure that people who are employed and do not have a history of being deadbeats get a portion of their car loans paid.

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In Defense of the Recession Blame Game

Vengeance is mine, saith the Lord, except that right now everyone wants a little piece of it. The mob has been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand $700 billion to fix the problem. Most members of Congress were so spooked they were ready to write a check, until their phone lines started melting with the angry voices of taxpayers demanding details about the likely return on the investment

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