1. Does the situation in the Democratic Republic of the Congo warrant intervention by neighboring African states?
2. Should the international community launch a joint naval mission to protect commerce off of Somalia’s coast?
3. Why did Jerry Yang leave Yahoo?
4. Should the Republican Party stop its opposition to the auto industry bailout?
5. Is centrism growing in Latin America?
6. What should be Barack Obama’s first priority as President?
7. Is the world forcing Tibetans to become more violent in their struggle with China?
8. Are proposed constitutional changes in Russia necessary?
9. How should the Supreme Court rule in Pleasant Grove City v. Summum?
10. Will the Democrats achieve a filibuster proof majority in the Senate by the end of December?
Extempers have been busy over the last several months trying to understand the different elements of the current financial crisis. In the midst of understanding credit markets, bond markets, the $700 billion U.S. bailout package, and deteriorating housing market, it was easy to ignore the problems of one of the most crucial industries of the U.S. economy: the auto market. Within the last several weeks, the problems of the auto industry’s “Big Three”, General Motors (GM), Chrysler, and Ford have become dire, as the auto companies say they have spent most of the $15 billion they held in reserve during the third quarter. Faced with slumping sales at home and in the midst of restructuring their operations, GM has warned that without government aid it will not be able to make it through the year and Ford has warned that it will not last long into 2009 without government aid.
by Logan Scisco
The 2008 elections, an election cycle some extempers have been speaking about for the last two and a half years has finally come to a close. The election result, unlike 2000 and 2004, was announced at the end of evening, with Senator Barack Obama of Illinois becoming the first African-American to be elected as the President of the United States. Obama won the election by a large margin in the Electoral College, at last count 365 to Senator John McCain’s 162, and also won a commanding margin of the popular vote, 52% to 46% (independent candidate Ralph Nader won 1% of the vote). Obama’s share of the popular vote was the first time a Democratic candidate has won over 50% of the popular vote since Jimmy Carter defeated Gerald Ford in 1976.
Overview