One wave of Henry’s magic wand and debt disappears

Quoth the AP: Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government might create an entity to absorb banks’ bad debt. The report also cooled investors’ fervor for safe investments like government debt that were in demand …

Bush: Ocean Protector

Credit where credit is due. In 2006 President Bush turned the Northwestern Hawaiian Islands into Papah?naumoku?kea Marine National Monument, which formed the largest marine wildlife reserve in the world. It looks like he wasn’t done. Bush has just proposed protecting more islands, atolls, reefs, and trenches from fishing and deep sea mining. His list includes …