| Michael Pointer: Purdue Q&A
Question: When will the Purdue quarterback actually look off his primary receiver and go through his progressions? From what I saw Saturday, come-heck-or-high-water, Curtis Painter is going to throw to his primary, even if there is a crowd. And, on two of those interceptions, no Boiler receiver was in the area. I haven't seen anyone say that a receiver zigged when he should have zagged. Were those interceptions all on Painter? Quotes from coaches and Painter seem to suggest so. (Mike from Kokomo)
Answer: Mike, I have covered four quarterbacks since I've been on the Purdue beat: Brandon Hance, Kyle Orton, Brandon Kirsch and Painter. (I missed having the pleasure of covering Drew Brees.) I heard that complaint about everyone of them, including Orton, who had 31 touchdown passes and just five interceptions as a starter.
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So has one of the most popular antidotes to cyclical downturns: fiscal stimulus in the form of tax cuts or higher government spending. Today, public figures as diverse as Hillary Rodham Clinton, a Democratic presidential contender, and Martin Feldstein, a Harvard economist and former adviser to Ronald Reagan, are proposing just that remedy for the current problem: stimulus packages of $50 billion to more than $100 billion. But such proposals are designed for normal downturns in which the fundamental problem is that the economy has stalled because consumers have run out of steam or because policy-makers have made a mistake -- stomping too hard on the economic brakes. Under such circumstances, pumping money into the economy gets it moving again. In the current downturn, something more unsettling than a traditional swing in business cycle appears to be at work: The United States has become increasingly prone to financial bubbles -- huge, seemingly irreversible rises in the value of one sort of asset or another, followed by sudden and largely unforeseen plunges.
CUA axes variable loan sales by brokers
AUSTRALIA'S largest credit union is the latest credit crunch victim, suspending sales of all its variable home loans through brokers. Credit Union Australia has told brokers the sales would stop from today, although it would continue to sell the loans through its branch network. "As a result of recent events in financial markets and following a review of CUA's broker distribution model, CUA will temporarily withdraw its variable interest rate product range from this Friday," the credit union said in a note to brokers. CUA is also by far Australia's largest mutual society, with 388,000 members and $6.6 billion in assets. CUA merged last year with the Australian National Credit Union to form the new entity. It was named credit union of the year this year by Money magazine.
MEP quits over EU waste
The constant travelling inevitably takes its toll, particularly because of all the extra commitments that come from being Labour Leader in Europe," he said. “Furthermore, I can no longer tolerate shifting the Parliament lock, stock and barrel to Strasbourg one week a month. This is not only a colossal waste of time and money, but also seriously undermines the standing and effectiveness of the Parliament." The European Parliament's home is Strasbourg but committee meetings where most of the detailed work is done are held in Brussels, Belgium. Under the Maastricht Treaty signed in 1992 when John Major was British Prime Minister it was agreed that premier meetings of the parliament would be in Strasbourg. That cannot be changed unless all 27 member countries agree.
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