The Case for Nationalizing the Entire Economy

The advocates for nationalizing U.S. banks have been out in force recently. Senator Lindsay Graham, who almost certainly does not have a PhD in economics or finance told ABC News that banks were in such deep trouble that government ownership of the institutions may be the only way to save the financial system

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‘Friday the 13th’ slashes records

With $42.2 million, the biggest opening gross thus far in 2009, "Friday the 13th" easily won the record-breaking Presidents Day weekend box office race, beating out Valentine’s Day favorites "Confessions of a Shopaholic" and "He’s Just Not That Into You," as well as solid holdovers "Taken" and "Coraline." (All totals listed here are according to early three-day estimates from Media by Numbers; rough figures for the four-day holiday weekend will be out tomorrow.) That $42.2 million sum is the top first-weekend figure for any movie in the nearly 30-year-old “Friday the 13th” series — including the 2003 mashup, Freddy vs. Jason, which premiered with $36.4 million. In fact, the original “Friday the 13th” movie, from 1980, grossed just $39.7 million during its entire run, not adjusted for inflation.

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Nosediving plane damaged just one house

A commuter airliner whose crash late Thursday killed 50 people was in such a sharp nosedive when it hurtled into a residential area that only one house was damaged, local authorities said Saturday. “All the damage was specific to that one property and that one structure,” Erie County Emergency Coordinator David Bissonette said at a morning news conference. “There was a garage to the immediate south that had a little bit of exposure damage, but other than that, limited to the one property.” A 61-year-old man in that house died — as did all 49 people aboard Continental Connection Flight 3407 — when the 74-seat Bombardier Dash 8 Q400 turboprop pierced the property like an arrow into a bull’s eye.

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Who’s hurt the most? Obama or Gregg?

President Obama is vowing the loss of a Republican in his Cabinet will not stop his efforts to bridge the partisan divide. Sen. Judd Gregg said Thursday he was withdrawing his nomination as commerce secretary, citing “irresolvable conflicts” over the administration’s stimulus bill and the upcoming 2010 census

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9/11 widow apparently on Buffalo flight

Friends, relatives and acquaintances were shocked to hear news reports that Beverly Eckert, the widow of a September 11 victim, was aboard the Continental flight to Buffalo, New York, that crashed Thursday night. “I am horribly saddened by this news,” said Valerie Lucznikowska, a member of September 11th Families for Peaceful Tomorrows. Lucznikowska said she, Eckert and another woman traveled to Washington last Friday for a meeting between 9/11 family members and President Barack Obama

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Kindness will help economy, homeless woman’s rescuer says

Acts of kindness will help pull the nation through its economic crisis, according to the woman who came to the rescue of a homeless Floridian who publicly appealed to President Obama. Chene Thompson, the wife of state Rep. Nicholas Thompson, R-Fort Myers, is letting Henrietta Hughes and her son stay in a house she owns in nearby La Belle rent free until they get back on their feet.

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