Great Sunday morning show on CNN at 10am Pacific. I especially enjoy the second half where international analysts give the global perspective on issues that I otherwise only hear covered from the U.S. perspective.

Quoted: Fareed Zakaria GPS is an hour-long program that takes a comprehensive look at foreign affairs and the policies shaping our world. Every week we bring you an in-depth interview with a world leader, as well as a panel of international analysts who examine the major global developments of the week.

Quoted: He asked me where America was going to get the $700bn needed for the splurge. I reminded him that the legislation (at least last I looked) only authorized $350bn upfront and only $250bn of that would be funded initially. I pointed out to Nathan that if we up and left Irag this month and walked away from all of our financial commitments to Iraq and it’s security, we’d save $250bn over the next two years. We could use that money buying the crap assets, holding them through the downturn, and then flip them when things get better, hopefully for a profit. That’s a hell of a lot better than spending $250bn providing a police force for Iraq while they assemble an oil-funded surplus for their own account, not ours.

Wow, haven't heard of anything like this before.

Quoted: The exchange raised Google (nasdaq: GOOG - news - people )'s closing price to $400.52 - a 5 percent gain for the day - and canceled all trades below that amount and above $425.29 between 3:57 p.m. and 4:02 p.m. EDT.

ReFaving @zzelinski. Almost everybody in the media is saying the nonapproval of the bailout is a disaster. Further, they argue that those who opposed the bill did so because of politics (e.g. the "Main Street" voters they represent want to punish "Wall Street") but are not giving more thoughtful analysis.

This is the first article I've read that gives some high quality reasons why a bailout might not be the right approach.

Quoted: Talk of Armageddon, however, is ridiculous scare-mongering. If financial institutions cannot make productive loans, a profit opportunity exists for someone else. This might not happen instantly, but it will happen.

Quoted: Further, the current credit freeze is likely due to Wall Street's hope of a bailout; bankers will not sell their lousy assets for 20 cents on the dollar if the government might pay 30, 50, or 80 cents.

Quoted: The obvious alternative to a bailout is letting troubled financial institutions declare bankruptcy. Bankruptcy means that shareholders typically get wiped out and the creditors own the company.
...
Bankruptcy punishes those who took excessive risks while preserving those aspects of a businesses that remain profitable.

The Iraq war costs about $12 billion a month. For perspective, the bailout is estimated at $700 billion.

She said they took the Bush administration’s 2008 request for war funding – $196-billion – and divided it by 12 to get a monthly cost. That works out to $16-billlion for both wars and about $12-billion just for the Iraq portion.

A perspective

Quoted:Gales of punitive destruction are knocking down one investment bank after another, while gales of creative destruction continue to move the economy forward. In fact, real gross domestic product (GDP) has grown 2.2% in the past year and accelerated to a 3.3% growth rate in the second quarter.

Quoted: Sen. Chuck Hagel has become one of the most prominent Republicans to openly question VP nominee Sarah Palin’s qualifications on Thursday.

Quoted: Former Bush adviser Karl Rove said Sunday that Sen. John McCain had gone "one step too far" in some of his recent ads attacking Sen. Barack Obama.

Quoted: Kohl said he is particularly concerned that all four of the companies appear to have adopted identical price increases at nearly the same time. "This conduct is hardly consistent with the vigorous price competition we hope to see in a competitive marketplace," he wrote.