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Wednesday, Oct 28, 2009 11:29 PM UTC2009-10-28T23:29:00Zl, M j, Y g:i A T

Goldman Sachs’ insider at the New York Fed

Who needs conspiracy theories? Stephen Friedman's actions as chair of the New York Fed simply can't be defended

A great many people are up in arms about a Bloomberg News story detailing how the New York Fed, while Timothy Geithner was its president, forced AIG to pay 100 cents on the dollar to fulfill its credit swap obligations to various financial institutions.

The outrage stems mainly from the assumption that a bankrupt AIG should have been cutting deals to pay a lot less, rather than use taxpayer money to pay everything it owed to Goldman Sachs and all the rest. They scoff at the argument put forth by defenders of the move, who say that at a moment when the entire financial system appeared to be on the verge of crashing, making sure AIG’s debts were paid in full was explicitly intended as an act that would calm the waters and restore some stability in the middle of full-scale financial panic.

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Andrew Leonard

Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21.  More Andrew Leonard

Wednesday, Oct 28, 2009 11:01 PM UTC2009-10-28T23:01:00Zl, M j, Y g:i A T

Boo! I’m a big, scary feminist

Sexy costumes dominate Halloween, but nothing's stopping you from going as Roe v. Wade or abstinence-only ed

Tired yet of rolling your eyes at the preponderance of trashy Halloween costumes on offer for girls and women (not to mention females of other species)? Maybe you’re interested in donning a get-up that screams something, anything other than “BOOBS,” or perhaps you want to make an overt feminist statement to counteract the rise of Slut-o-ween. Well, Planned Parenthood of New York City has just the thing for you: Pro-choice Halloween costumes.

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Tracy Clark-Flory

Tracy Clark-Flory is a staff writer at Salon. Follow @tracyclarkflory on Twitter.  More Tracy Clark-Flory

Wednesday, Oct 28, 2009 10:25 PM UTC2009-10-28T22:25:00Zl, M j, Y g:i A T

Palin goes on the warpath against Johnston

The former governor responds, quite harshly, to allegations from the man once set to be her son-in-law

Levi Johnston, the father of former Alaska Gov. Sarah Palin’s grandchild, was back on television Wednesday morning. As with all of his most recent appearances, what Johnston had to say didn’t exactly paint the woman who was once going to be his mother-in-law in the most favorable light.

During an interview on CBS’ “Early Show,”Johnston repeated and expanded upon an allegation he’d made earlier, that Palin refers to her son Trig — who has Down Syndrome — as “retarded.” He also said he knows other things about Palin that could hurt her, but that he won’t reveal them.

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Alex Koppelman is a staff writer for Salon.  More Alex Koppelman

Wednesday, Oct 28, 2009 9:10 PM UTC2009-10-28T21:10:00Zl, M j, Y g:i A T

House Dems to unveil their healthcare bill Thursday

The legislation will reportedly not include the most "robust" form of the public option

Senate Majority Leader Harry Reid announced the outlines of his version of a healthcare reform bill earlier this week. Now, it’s House Speaker Nancy Pelosi’s turn.

Pelosi and other top House Democrats will be unveiling their proposal at an event on Thursday morning, NBC’s First Read blog reports.

The bill will include a public option, though not the one House progressives had been hoping for, the most “robust” version. Pelosi and her liberal allies simply lacked the votes to pass that plan, which would have set the rate at which healthcare professionals were paid for their work at the same rate paid by Medicare, plus an additional five percent. Instead, bowing to moderates from rural areas who were concerned about the effect on doctors in their districts — and, consequently, about the quality of care — under the legislation Pelosi’s announcing, the rate would be negotiated on a regional basis.

Alex Koppelman is a staff writer for Salon.  More Alex Koppelman

Wednesday, Oct 28, 2009 9:05 PM UTC2009-10-28T21:05:00Zl, M j, Y g:i A T

Transgenic squash super-weeds gone wild

Genetically modified squash will contaminate their wild cousins, delighting cucumber beetles everywhere

Genetically modified corn and soybeans get all the press, but since as far back as 1996, transgenic squash, engineered to include resistance to three of the most deadly squash viruses, has been farmed in both the U.S. and Mexico. Since gene flow from GM crops into their wild counterparts is inevitable, some scientists worry that farmers may be inadvertently creating a race of super squash weeds. This would be a problem, because some varieties of wild squash — specifically, Texana gourds — are considered serious weed threats in cotton and soybean fields. This is what happens when you mess with Mother Nature — your transgenic squash genetically contaminates wild squash which then proliferates through your genetically modified corn and soybean fields.

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Andrew Leonard

Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21.  More Andrew Leonard

Wednesday, Oct 28, 2009 8:29 PM UTC2009-10-28T20:29:00Zl, M j, Y g:i A T

Fox Sports declares war on “Pussy Galore”

Another day, another calculated "men are dogs" apologia

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Jason Whitlock is a provocateur. A gadfly. The Fox Sports columnist writes “from absolutely every angle, including angles other writers can’t imagine or muster the courage to address. His columns are humorous, thought-provoking, agenda free, honest, unpredictable and uncomfortable for white and black people comfortable with their biases.” Ah, yes, the old “you can’t handle the truth” gambit.

So when ESPN correspondent Steve Phillips was fired for his fling with an assistant, Whitlock felt an opinion coming on.

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Mary Elizabeth Williams

Mary Elizabeth Williams is a staff writer for Salon and the author of "Gimme Shelter: My Three Years Searching for the American Dream." Follow her on Twitter: @embeedubMore Mary Elizabeth Williams

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