But Mr. Bork, what do you really think about the Miers nomination?

Bork.gifRobert H. Bork, whose own nomination to the Supreme Court generated the verb “to bork” in American political lexicon, lays the wood to President Bush’s nomination of Harriet Miers to the Supreme Court in this Opinion Journal piece, which includes these gems:

There is, to say the least, a heavy presumption that Ms. Miers, though undoubtedly possessed of many sterling qualities, is not qualified to be on the Supreme Court. It is not just that she has no known experience with constitutional law and no known opinions on judicial philosophy. It is worse than that. As president of the Texas Bar Association, she wrote columns for the association’s journal. David Brooks of the New York Times examined those columns. He reports, with supporting examples, that the quality of her thought and writing demonstrates absolutely no “ability to write clearly and argue incisively.”

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Continental’s quarterly earnings report

Continental Airlines logo.jpgHouston-based Continental Airlines announced yesterday a modest third-quarter profit despite high fuel costs, parleying lower labor costs with increased revenue from its international flights and higher fares. Nevertheless, Continental announced that it expects to post a “significant loss” for the fourth quarter and that it will lose money for the full year. With various U.S. airlines currently operating in chapter 11, it is expected that combined losses in the U.S. airline industry this year will exceed $5 billion. For its part, Continental said that it had “sufficient” cash and projected cash flows through 2006.
Talk about a tough business. Announce a quarterly profit, reiterate that the company will lose money for the year, and offer that the company might be able to stay out of the tank for another year. And that’s considered a relatively rosy quarterly earnings report within the industry. So it goes in the U.S. airline industry, which is in dire need of a huge shakeout at a time when it remains difficult to put an airline out of its misery.

Income tax panel announces overhaul proposals

tax simple2.gifIncome tax simplification is a recurring subject on this blog, so I took notice of this NY Times article regarding yesterday’s announcement that President Bush’s tax-overhaul panel had agreed to offer two alternatives to the present tax code — one alternative that essentially streamlines the current income tax and a second, bolder alternative that would replace it with a progressive tax on consumption. Although both proposals would do away with the deduction for state and local taxes, limit the current deduction for home-mortgage interest and tube the unpopular alternative minimum tax, the two plans differ in their approach to taxing business.
Both proposals will be included in the panel’s final November 1 report to the Treasury Department, and the report is expected to be the framework for legislative proposals regarding overhauling the tax code next year. The income tax that the panel approved in principle yesterday is based on the following basic framework:

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Rubbing salt in the wound

St-Louis-Albert-Pujols-and-Houston-pitcher-Brad.jpgAfter enduring a day of painful memories of Stros previous heartbreaking playoff losses in the final game of the 1980 NLCS, the Game Six of the 1986 NLCS, and Game Seven of last season’s NLCS, my old friend and former Houstonian Dr. Jim Bob Baker of Temple, Texas passes along the following on the heels of Houston’s latest sporting disaster:

I was just over at the physicians’ lounge at the hospital before coming back to the office to finish some things up. ESPN SportsCenter was on the TV there. As an aftermath of the Astros’ loss last night, ESPN graciously also showed highlights from:

The University of Houston’s loss to Joe Montana and Notre Dame in the 1979 Cotton Bowl;
The University of Houston’s Phi Slamma Jamma losing to Jim Valvano and North Carolina State on a tip-in at the buzzer in the 1983 NCAA National Championship Game;
The Houston Rockets‘ 1997 Game Six Western Conference Final playoff loss to Utah on John Stockton’s last-second 3 pointer;
The Houston Oilers’ 1991 NFL playoff loss to Denver on John Elway’s last minute 98 yard drive;

and last but not least:

The Oilers’ 41-38 overtime loss to Buffalo in the 1993 NFL playoffs after leading at halftime 35-3.

Thanks for the memories, ESPN.

Bill Simmons also has this humorous piece on special Houston sports fiascos. And Brian Goff notes that, if you are going to pitch to Pujols in that situation at all, breaking pitches are not the way to go. Finally, it took 24 hours for lifelong Houstonian Mike Falick to gather himself sufficiently to write this post on the latest Houston sports fiasco that he has endured.