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Washington, D.C.

How Wartime Washington Lives in Luxury

In no place in America are the abrupt changes in the nation’s security posture so keenly reflected in real estate and lifestyle than the Washington, D.C. metropolitan area. In the decade after 9/11, it has grown into a sprawling, pretentious representation of the federal government’s growth, vices and prosperity, encompassing the wealthiest counties, the best schools, and some of the highest rates of income inequality in the country.

Helicopter Crashes Near Baltimore/DC Airport Onto Train Tracks

A routine helicopter power-line inspection turned tragic when it crashed onto train tracks near the Baltimore,MD/Washington,D.C. airport causing a fire and delaying rail service. Three people on board were injured, and the crash resulted in delays to Amtrak services between Baltimore and Washington, D.C. According to Reuters: An Amtrak spokeswoman said that by mid-afternoon all service had resumed between the two cities. Airline operations were not affected, airport spokeswoman Whitney Kidd said.

What in the World is Going on with Banks this Week? Emergency meetings, banker summits, crashing European banks.......

 

Written by David Haggith - The Great Recession Blog

Just about every major banker and finance minister in the world is meeting in Washington, D.C., this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is going down. Let’s start with a bullet list of the week’s big-bank events:

 

Lessons From the Bergdahl Affair

Bowe Bergdahl walked off.

In the court of public opinion, this is the central fact all can agree upon—-that a 24-year-old Army private first class who had been in Afghanistan fewer than two months walked off his outpost one day and vanished.

Everything that happened between Bergdahl’s walk-off and the present moment, where he stands trial for desertion and “misbehavior before the enemy,” has formed the basis of one of the most bizarre and dramatic tales of a missing soldier in recent memory. To say this case has become a political flashpoint is an understatement.

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