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: ..and now the real work begins......
History.....
A New Dawn Has Arrived


Barack Hussein Obama is now the 44th President of the United States. Throughout my lifetime, I have had the privilege to read on the traditions and was finally able to be a true witness to this momentous transfer of power due to the power of technology. I have continued to marvel at how someone with so much power gives it up so willingly because the people are truly sovereign in America. This was quite moving when the President and the First Lady escorted Former Mr. and Mrs. Bush:



As I was witness to all the pomp and circumstance, I also briefly "dropped in" at the White House Website. The new White House Website was already up and adapted the look and feel of the Campaign website. It is a smart, intuitive site that I think will do wonders to further open up Government.

I was a vehement opponent of George W. Bush. I wrote about many of the misdeeds. Yet, he is one of 44 men who have occupied the highest office the people of the United States can bestow upon any man. For that, he should be honored and remembered. I view his Presidency as a failure and have written on this as well. But, Tuesday was indeed a day to celebrate.

Right now, everyone is having a party. But, the work has already begun. The Senate has confirmed 7 of the President's Cabinet Nominees. Mrs. Clinton's vote is set for later today as Secretary of State. Rahm Emanuel has already directed the Government to stop all implementation of Government Regulations pending review. The President is going to be meeting later on today with the Economic High Command and the Joint Chiefs of Staff to get the two major challenges going. The Dow dipped below 8,000. The World reactions are also starting to come in. Some have been gracious. Some have not seen so. But, the world is clearly anxious and awaiting action. But, as the new day begins, I look to the future in the spirit of President Lincoln's second inaugural:

"..With malice toward none, with charity for all, with firmness in the right as God gives us to see the right, let us strive on to finish the work we are in, to bind up the nation's wounds, to care for him who shall have borne the battle and for his widow and his orphan, to do all which may achieve and cherish a just and lasting peace among ourselves and with all nations....."


Let us all resolve to do our part. There is much to do.

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Yemen, AIG, Nigeria....what a day!!!

September 17th 2008 12:51
: The Sky Seems to be Falling.....
Every day seems to be more exciting than the next. Earlier today, the U.S Embassy in Yemen was attacked. Al Jazeera right now is reporting that 16 people have died. At least, visa applicants had not lined up yet. Otherwise the the death toll would have been higher. On the business side, AIG was thrown a lifeline by the Federal Reserve. AIG was given a $ 85 BIllion Loan in exchange for a 79.9% stake in the business. This lifeline will allow AIG to continue to operate. There is also a claim by the Nigerian Delta Rebels of a oil pipeline being blown up in Nigeria.

The embassy attack is bothersome on several fronts. It shows that the fatalists within the Islamist movement seem to be as vibrant as ever. Yemen, of course, is not the safest country in the world. It has been a hotbead of insurrection for a very long time. The Yemeni Government has a lot of work to do. U.S. Embassies are fortified institutions. It will be quite tough to penetrate the compound itself. But, the brazen attack takes quite bit of planning which is worrisome.

As for AIG, I was not too surprised. AIG was simply too big, too vital and too central a player in the financial markets. The collapse would have been catasrophic. But, there s a silver lining in all of this. The eventual dismantling of AIG will present new opportunities. New businesses will emerge. The restructing, though, will be a painful process that will test the patience and endurance of all.

As I have written before, may one live in interesting times. The only thing needed right now is patience. May it be so!!!!
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