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Week of July 12, 2009 - July 18, 2009

Breaking: Goldman Sachs Apologizes for Earnings, Promises to Reduce Profits


Lloyd Blankfein, CEO of Goldman Sachs, apologized today for his firm's strong earnings in 2009. In a press statement, he took responsibility for the profit and promised to lose money more aggressively for the remainder of the year.

"We are cognizant of the difficulties faced by average Americans and realize that earning money this year is insensitive and shows a lack of gratitude to the American people. We have had difficulty reeducating our employees to understand that there is a right time and wrong time for profitability. Had we known how much money we would make, we would certainly have taken more drastic steps to avoid this unfortunate situation.

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Conservative Lobbyists Try to Sell Endorsement to FedEx


The American Conservative Union (ACU), which proudly boasts of being "the nation's oldest conservative lobbying organization," proudly demanded $2M+ from FedEx in return for endorsing its position in a legislative dispute with UPS, stating, "We stand with FedEx in opposition to this legislation."

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The Confirmation Game: Sotomayor Is No Fun


The Supreme Court nomination process is one of the weirdest games in American politics. By tradition, the confirmation process is supposed to be non-partisan. Many Americans subscribe to an ideal that judges should objectively interpret the law without political bias. Of course, everyone admits that there is no true objectivity, but many of us still hope that our judges will come as close to objectivity as possible in a political institution. The lifetime appointment system of the Federal judiciary is designed to support this ideal, and the robes and honorifics with which we adorn our judges add cultural reinforcement. While some senators unabashedly vote along partisan lines in confirmation hearings, and Obama himself cited ideological differences in opposing Bush's appointments, many senators are hesitant to openly to challenge nominees' political leanings, and both senators and presidents routinely recite the "no litmus test" mantra.

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