Well, Republicans feel empowered to up the crazy so they are certainly doing it. Boehner will be challenged by two of the more insane teabillies. Insane teabilly number one challenging Boehner for speaker is Texas Republican Louis Gohmert. Florida nutter Ted Yoho has also said he can’t support Boehner.
Rep. Ted Yoho (R-Fla.) on Saturday announced that he would not support Boehner for Speaker.
“This is not a personal attack against Mr. Boehner, however, the people desire and deserve a choice,” Yoho said in a Facebook post. “In November, they resoundingly rejected the status quo.”
“Eventually, the goal is second, third, fourth round, we have enough people that say ‘you know what, it really is time for a change,’ ” Gohmert said Sunday. “’You deceived us when you went to Obama and Pelosi to get your votes for the cromnibus. You said you’d fight amnesty tooth an nail. You didn’t, you funded it.’ ”
Gohmert said, if elected, he would ”fight amnesty tooth and nail. We’ll use the powers of the purse. We’ll have better oversight. We’ll fight to defund ObamaCare.”
“In 2010, Boehner and other leaders said if you put us in the majority, we will have time to read the bills,” Gohmert said. “That hasn’t happened. We saw that with the cromnibus, again.”
“We’ll get back to appropriating and we will go through regular committee process, so every representative from both parties will have a chance to participate in the process and not have a dictator running things,” he added.
“With a growing Republican majority in the House and a historically high number of liberty-voting fiscal conservatives within it, there is an urgent need replace Speaker Boehner with fresh, bold leadership that better represents the views of the whole caucus,” FreedomWorks President Matt Kibbe said in a statement on Sunday.
“Speaker Boehner has kicked fiscal conservatives off committee positions for voting against his wishes, caved on numerous massive spending bills at the eleventh hour, and abused the legislative process to stomp out opposition by holding surprise votes and giving members little time to actually read the bills before they vote,” Kibbe added.
These are just two of the states that send representative after representative that really wants to destroy the country’s economy, not being satisfied with having their own crazy ass issues in their own crazy ass states. Every time I think Louisiana hits the low in politics, Texas and Florida always step up to take the title of bottom feeders away.
Utah seems out to prove a point these days as a black Republican woman seems to think that everything is just hunky-dory with Steve Scalise chatting up virulently anti-Semitic white supremacists. It is going to be an awful few years.
Incoming Rep. Mia Love (R-UT) on Sunday said that House Majority Whip Steve Scalise (R-LA) should remain in Republican leadership despite recent reports that he spoke at an event for a white nationalist group in 2002.
“These groups are awful. And the last thing I want to do is give them any sort of publicity or credibility, and I can say, as far as I’m concerned, with Representative Scalise, he has been absolutely wonderful to work with,” Love said on ABC’s “This Week.”
When asked if Scalise should remain as GOP whip, Love indicated that his apology was enough.
“There’s one quality that he has that I think is very important in leadership and that’s humility. And he’s actually shown that in this case. And he’s apologized, and I think that we need to move on and get the work of the American people done,” she said.
As you can see, Love didn’t specify what “people” she and others were going to work for but then we know it’s pretty obviously going to be a few rich white christians who can’t seem to get past the Civil War and modern science and economics.
However, it seems even some folks at Fox News find Scalise’s story and apology to be outrageous. Greta Van Susteran joins Hannity in calling for Scalise’s resignation.
It’s rare for a Fox News employee to openly call out a Republican, but when it happens, it’s epic. And that’s exactly what Greta Van Susteran did on Sunday when she slammed GOP Rep. Steve Scalise.
During an appearance on ABC’s This Week, Van Susteran called out Scalise for not having the “moral courage” to resign after it was revealed that the Louisiana congressman had been the keynote speaker at a white supremacist convention in 2002. Scalise agreed to be the guest of honor after KKK Grand Wizard David Duke reached out to him through aides.
In response, Scalise feigned ignorance, claiming that he had no idea to whom he was speaking to at the event even though the convention was widely covered by local media because it was so controversial. Many Republicans, including Steve King and John Boehner, stood by Scalise. So far, he has refused to resign his post as House Majority Whip, and will be the third most powerful Republican in the House when the new Congress convenes this month. And this might make the KKK very happy.
But Van Susteran completely disagreed with the way Scalise and the Republican Party handled the damning revelations and not only skewered Scalise for being a coward, she also blasted the GOP for dropping the ball in their effort to appeal to minority voters ahead of 2016.
What’s amazing to me is that Democrats captured 20 million more votes in the 2014 election and still lost. What kind of democracy causes that? Why are Republican votes more valuable?
This one was shocking. It does not matter how one cuts it. The United States constitution is severely flawed when more often than not in the last few elections the majority of people voting for a particular party did not receive their relative representation. Democrats received 20 million more votes in the Senate than Republicans in 2014, yet Republicans won big.
The same occurred in the House of Representatives in 2012.
House Democrats out-earned their Republican counterparts by 1.17 million votes. Read another way, Democrats won 50.59 percent of the two-party vote. Still, they won just 46.21 percent of seats, leaving the Republicans with 234 seats and Democrats with 201.
There is nothing illegal here. There is simply a very designed undemocratic flaw in the US Constitution that must be fixed lest the legislative branch of the American government will continue to be disassociated from the real wants of society.
Fairvote.org reported the following relative to the 2014 Senate race.
As a body designed to represent states rather than citizens, the Senate’s partisan makeup tends to bear a fairly loose relationship to the raw numbers of votes that were cast to elect its members. With the final election results in hand, let’s take a look at how votes cast for Senate candidates translate to seats in the world’s greatest deliberative body.
In all, Americans cast 202.5 million votes to elect the current Senate, spread across three election cycles in 2010, 2012, and 2014. Of these, 49% were cast for Democratic candidates and 46.6% for Republicans. …
In the aggregate, Democratic voters are underrepresented in the Senate and Republican voters are overrepresented compared to their respective strengths in the electorate, although Democrats outperformed their raw vote totals in two of the past four individual elections.
As for the 46 Democratic caucus members in the 114th Congress received a total of 67.8 million votes in winning their seats, while the 54 Republican caucus members received 47.1 million votes.
It’s going to be hard for Democrats to regain the Senate even though far more people vote for Democratic Senators than Republicans. That’s because Republicans still get two senators from states that have less people than any of the country’slargest cities.
On Tuesday, 33 US senators elected in November will be sworn in by Vice President Joe Biden — including 12 who are new to the chamber. The class includes 22 Republicans and 11 Democrats, a big reason why the GOP has a 54-46 majority in the Senate overall.
But here’s a crazy fact: those 46 Democrats got more votes than the 54 Republicans across the 2010, 2012, and 2014 elections. According to Nathan Nicholson, a researcher at the voting reform advocacy group FairVote, “the 46 Democratic caucus members in the 114th Congress received a total of 67.8 million votes in winning their seats, while the 54 Republican caucus members received 47.1 million votes.”
There is something definitely wrong with the outcomes in governance, given that our ruling class appears to be severely crazy and greedy. For one, they make everyone believe that our money is spent on public welfare when it’s definitely corporate welfare that steals tax dollars. Robert Reich explains their priorities very well.
Some believe the central political issue of our era is the size of the government. They’re wrong. The central issue is whom the government is for.Consider the new spending bill Congress and the President agreed to a few weeks ago.
It’s not especially large by historic standards. Under the $1.1 trillion measure, government spending doesn’t rise as a percent of the total economy. In fact, if the economy grows as expected, government spending will actually shrink over the next year.
The problem with the legislation is who gets the goodies and who’s stuck with the tab.
For example, it repeals part of the Dodd-Frank Act designed to stop Wall Street from using other peoples’ money to support its gambling addiction, as the Street did before the near-meltdown of 2008.
Dodd-Frank had barred banks from using commercial deposits that belong to you and me and other people, and which are insured by the government, to make the kind of risky bets that got the Street into trouble and forced taxpayers to bail it out.
But Dodd-Frank put a crimp on Wall Street’s profits. So the Street’s lobbyists have been pushing to roll it back.
The new legislation, incorporating language drafted by lobbyists for Wall Street’s biggest bank, Citigroup, does just this.
It reopens the casino. This increases the likelihood you and I and other taxpayers will once again be left holding the bag.
Wall Street isn’t the only big winner from the new legislation. Health insurance companies get to keep their special tax breaks. Tourist destinations like Las Vegas get their travel promotion subsidies.
In a victory for food companies, the legislation even makes federally subsidized school lunches less healthy by allowing companies that provide them to include fewer whole grains. This boosts their profits because junkier food is less expensive to make.
Major defense contractors also win big. They get tens of billions of dollars for the new warplanes, missiles, and submarines they’ve been lobbying for.
Conservatives like to portray government as a welfare machine doling out benefits to the poor, some of whom are too lazy to work.
In reality, according to the Center for Budget and Policy Priorities, only about 12 percent of federal spending goes to individuals and families, most of whom are in dire need.
In a critique of Piketty’s book “Capital in the Twenty First Century” at Project Syndicate, Joseph Stiglitz explains how are productive capital gets sucked into speculative, financial capital and asset bubbles. This is something I’ve been writing about for years here. This section of his critique is particularly compelling.
Piketty also sheds new light on the “reforms” sold by Ronald Reagan and Margaret Thatcher in the 1980s as growth enhancers from which all would benefit. Their reforms were followed by slower growth and heightened global instability, and what growth did occur benefited mostly those at the top.
But Piketty’s work raises fundamental issues concerning both economic theory and the future of capitalism. He documents large increases in the wealth/output ratio. In standard theory, such increases would be associated with a fall in the return to capital and an increase in wages. But today the return to capital does not seem to have diminished, though wages have. (In the US, for example, average wages have stagnated over the past four decades.)
The most obvious explanation is that the increase in measured wealth does not correspond to an increase in productive capital – and the data seem consistent with this interpretation. Much of the increase in wealth stemmed from an increase in the value of real estate. Before the 2008 financial crisis, a real-estate bubble was evident in many countries; even now, there may not have been a full “correction.” The rise in value also can represent competition among the rich for “positional” goods – a house on the beach or an apartment on New York City’s Fifth Avenue.
Sometimes an increase in measured financial wealth corresponds to little more than a shift from “unmeasured” wealth to measured wealth – shifts that can actually reflect deterioration in overall economic performance. If monopoly power increases, or firms (like banks) develop better methods of exploiting ordinary consumers, it will show up as higher profits and, when capitalized, as an increase in financial wealth.
But when this happens, of course, societal wellbeing and economic efficiency fall, even as officially measured wealth rises. We simply do not take into account the corresponding diminution of the value of human capital – the wealth of workers.
Moreover, if banks succeed in using their political influence to socialize losses and retain more and more of their ill-gotten gains, the measured wealth in the financial sector increases. We do not measure the corresponding diminution of taxpayers’ wealth. Likewise, if corporations convince the government to overpay for their products (as the major drug companies have succeeded in doing), or are given access to public resources at below-market prices (as mining companies have succeeded in doing), reported financial wealth increases, though the wealth of ordinary citizens does not.
What we have been observing – wage stagnation and rising inequality, even as wealth increases – does not reflect the workings of a normal market economy, but of what I call “ersatz capitalism.” The problem may not be with how markets should or do work, but with our political system, which has failed to ensure that markets are competitive, and has designed rules that sustain distorted markets in which corporations and the rich can (and unfortunately do) exploit everyone else.
Markets, of course, do not exist in a vacuum. There have to be rules of the game, and these are established through political processes. High levels of economic inequality in countries like the US and, increasingly, those that have followed its economic model, lead to political inequality. In such a system, opportunities for economic advancement become unequal as well, reinforcing low levels of social mobility.
There are more warnings each year that we’ve traded our democracy for a plutocracy and that many of the folks that fall for these mistaken memes are the worst hurt by the changes. I’m never sure what we should do about it, but at least on social media there are many of us who can realize what’s going on and share our observations and discontent.
So this is the situation, we’re being ruled by a minority, extremist party that has managed to gerrymander its way into to controlling Congress and can have over-representation in the Senate by its very design. Since the Reagan years, they have managed to coalesce into a party of business interests, neoconfederates, and religious extremists. As a result, we have laws and programs that enrich the wealthiest at the cost of the rest of us. We have institutions where racism and sexism have been allowed to fester and where Supreme Court justices have allowed their ideology to trump the constitution and previous law to further the oppression of minorities–with the exception of the LGBT community, where some strides have been made. Undoubtedly, this has happened because some of the biggest business interests want it, not from any desire to do the right thing by the people. We’ve used a fake war to extend a police state where we’re all subjected to law enforcement officers that are out of control and institutionally encouraged to be so.
I have to say the challenges are huge. I’m just hoping that the dog and pony show that will start with this new Congress will scare the shit out of people. Given, some of this background information however, I doubt there’s much we can do about it short of a major increase in voter participation or a revolution. The fact that so many really poorly governed states have re-elected their Republicans and continue to suffer shows me that it’s not going to be over anytime soon.
What’s on your reading and blogging list today?
I finally arrived in Boston yesterday after driving for three days. With the days so short, and the nights so dark, I ended up having to stop for the night earlier than I would have in the summer. I was tired last night, but I’m even more exhausted this morning. Everything hurts, and my brain isn’t working properly. I’m supposed to drive up to New Hampshire for Christmas, and I have no idea how I can do that.
I’d like to write a beautifully organized post, but I don’t think I’m capable of it. So here are some news stories that caught my flawed attention this morning.
Another police officer gets away with murder, this time in Milwaukee. From the Journal-Sentinel:
In one of the most highly anticipated legal decisions in recent memory, Milwaukee County District Attorney John Chisholm announced Monday that former Milwaukee police officer Christopher Manney will not be charged in the fatal shooting of Dontre Hamilton at Red Arrow Park.
Chisholm determined that Manney’s use of force was justified self-defense.
Hamilton’s family has repeatedly called for Manney, who has since been fired, to face criminal charges.
Speaking to supporters outside the federal courthouse in Milwaukee, Hamilton’s brother Nathaniel said he and the other family members would not waver in their determination.
“We deserve justice,” he said. “Justice is our right.”
As you’ve probably already guessed, Dontre Hamilton was a black man, and Christopher Manney is white. This is getting to be a regular thing, and it’s really getting old. The police unions can complain all they want. The simple truth is that police officers are killing a hell of a lot of black men.
The NY Daily News reports that the Department of Justice will review the shooting to determine whether Hamilton’s civil rights were violated.
There’s been some pushback on the claims by police unions that protesters of police-involved deaths like those of Michael Brown and Eric Garner and government officials who sympathized with their families are responsible for the recent murders of two NYPD police officers in Brooklyn. Here’s an essay by Kareem Abdul Jabbar in Time Magazine: The Police Aren’t Under Attack. Institutionalized Racism Is.
According to Ecclesiastes, “To every thing there is a season, and a time to every purpose.” For me, today, that means a time to seek justice and a time to mourn the dead.
And a time to shut the hell up.
The recent brutal murder of two Brooklyn police officers, Rafael Ramos and Wenjian Liu, is a national tragedy that should inspire nationwide mourning. Both my grandfather and father were police officers, so I appreciate what a difficult and dangerous profession law enforcement is. We need to value and celebrate the many officers dedicated to protecting the public and nourishing our justice system. It’s a job most of us don’t have the courage to do.
At the same time, however, we need to understand that their deaths are in no way related to the massive protests against systemic abuses of the justice system as symbolized by the recent deaths—also national tragedies—of Eric Garner, Akai Gurley, and Michael Brown. Ismaaiyl Brinsley, the suicidal killer, wasn’t an impassioned activist expressing political frustration, he was a troubled man who had shot his girlfriend earlier that same day. He even Instagrammed warnings of his violent intentions. None of this is the behavior of a sane man or rational activist. The protests are no more to blame for his actions than The Catcher in the Rye was for the murder of John Lennon or the movie Taxi Driver for the attempted assassination of Ronald Reagan. Crazy has its own twisted logic and it is in no way related to the rational cause-and-effect world the rest of us attempt to create.
Those who are trying to connect the murders of the officers with the thousands of articulate and peaceful protestors across America are being deliberately misleading in a cynical and selfish effort to turn public sentiment against the protestors. This is the same strategy used when trying to lump in the violence and looting with the legitimate protestors, who have disavowed that behavior. They hope to misdirect public attention and emotion in order to stop the protests and the progressive changes that have already resulted. Shaming and blaming is a lot easier than addressing legitimate claims.
More at the link.
The Washington Post and Los Angeles Times have each editorialized on the issue.
The Daily Beast: The NY Police Union’s Vile War with Mayor De Blasio.
Despite all the complaints about Obama’s leadership from Republicans, the economy is growing; and wealthy Americans sure seem to be doing okay.
The economy grew at a 5 percent rate from July to September, the fastest pace in 11 years.
The strong growth recorded by the Commerce Department adds to the sense that the economy is approaching full speed for the first time since the recession of 2008 — and since President Obama was first elected….
The government found consumer spending grew by 3.2 percent from July to September, compared to 2.5 percent in the previous quarter.
The Commerce Department also shifted its estimate for the second quarter, finding strong growth of 4.6 percent between April and June. That’s up from its previous estimate of 3.9 percent.
The Dow Jones Industrial Average broke through 18,000 for the first time Tuesday, propelled higher by a better-than-expected report on the economy in the third quarter. If the Dow closes above 18,000, it will have taken the index only six months to climb there from 17,000.
It took only seven months to get from 16,000 to 17,000.
The market’s rise has been good news for Americans who own shares, including the wealthy, corporations, financial firms and workers with retirement funds and pensions invested in stocks. For those who don’t own shares, it could mean a widening wealth gap, however.
How much wider can it get?
But there’s also good news for us ordinary folks. From CNN, 89 straight days of lower gas prices.
The streak, the longest on record according to AAA, has shaved nearly $1 off the national average price of regular gas, taking it to $2.38 a gallon for the first time in five years. September 25 was the last day prices were higher for drivers. That day they increased by only a tenth of a cent. Prices have tumbled 36% since the high of the year, which was back in late April.
Not only have they been falling, but the plunge in gas prices has been picking up speed, tumbling nearly 2 cents between Monday and Tuesday.
Prices were 15 cents higher only a week ago and 44 cents higher a month ago. In numerous cities — including Dallas-Fort Worth, Kansas City, Missouri, Tulsa, Oklahoma, and Topeka, Kansas — the average price now stands less than $2 a gallon, according to AAA. Springfield, Missouri became the first state to break the $2 average price last week. Missouri drivers are enjoying the lowest statewide average price at $2.05 a gallon.
The plunging price of oil — a 50% drop off the cost of barrel of crude since April, is the main driver in the gas price slide. But there are many other factors also affecting prices. Weakening economies in Europe and Asia, as well as more fuel efficient vehicles worldwide, have all cut demand for gasoline.
Unfortunately, I can testify that gas prices on the New York Thruway are still very high, with regular priced at close to $3.00 a gallon.
North Korea suffered a major internet breakdown yesterday. Was the NSA responsible? The CIA. If so, good work! From Reuters, North Korea’s Internet links restored amid U.S. hacking dispute.
North Korea, at the center of a confrontation with the United States over the hacking of Sony Pictures, experienced a complete Internet outage for hours before links were restored on Tuesday, but U.S. officials said Washington was not involved.
U.S.-based Dyn, a company that monitors Internet infrastructure, said the reason for the outage was not known but could range from technological glitches to a hacking attack. Several U.S. officials close to the investigations of the attack on Sony Pictures said the U.S. government had not taken any cyber action against Pyongyang.
U.S. President Barack Obama had vowed on Friday to respond to the major cyberattack, which he blamed on North Korea, “in a place and time and manner that we choose.”
Dyn said North Korea’s Internet links were unstable on Monday and the country later went completely offline. Links were restored at 0146 GMT on Tuesday, and the possibilities for the outage could be attacks by individuals, a hardware failure, or even that it was done by North Koreaitself, experts said.
Matthew Prince, CEO of U.S.-based CloudFlare which protects websites from web-based attacks, said the fact that North Korea’s Internet was back up “is pretty good evidence that the outage wasn’t caused by a state-sponsored attack, otherwise it’d likely still be down for the count”.
Almost all of North Korea’s Internet links and traffic pass through China and it dismissed any suggestion that it was involved as “irresponsible”.
So what happened then, I wonder . . . . ?
Here’s a story that should please JJ: Dish Network dumps Fox News, setting off social media war on Facebook.
Satellite-TV provider Dish Network dropped the Fox News Channel and Fox Business Network on Saturday night after the companies couldn’t come to terms on a new distribution contract, reports TVNewser.
According to Fox Executive Vice President of Distribution Tim Carry, contract talks have broken off and nothing is happening, depriving Dish’s 14 million subscribers of Fox News’ “fair and balanced” approach to current event coverage.
“Our phone line is open, we’re willing to talk,” Carry said. “Am I negotiating right now? I’m not.”
Executives at Dish say Fox is playing hardball with them by attempting to use the news channel as leverage to increase fees for their sports and entertainment channels normally covered by separate contracts.
“It’s like we’re about to close on a house and the realtor is trying to make us buy a new car as well,” said Warren Schlichting, Dish Network’s Senior Vice President of programming. “Fox blacked out two of its news channels, using them as leverage to triple rates on sports and entertainment channels that are not in this contract.”
Hahahahaha! The Fox fans in Banjoville must being going nuts. But at least they can watch Turner Classic Movies.
And here’s some even more scary news for racist Southerners. From Raw Story: Southern whites have more black DNA than whites in the rest of US: study.
Some of the states with the most racially charged attitudes towards African-Americans are also the states where the most whites have black ancestors, according to a recently released study.
Researchers examined 145,000 DNA samples provided to genetic testing company 23andme for ancestry analysis to determine that at least six million Americans who called themselves white had 1 percent or more African ancestry.
The study published this month in the American Journal of Human Genetics found that whites in the South were far more likely to have at least 1 percent black ancestry than any other part of the country.
“European Americans with African ancestry comprise as much as 12% of European Americans from Louisiana and South Carolina and about 1 in 10 individuals in other parts of the South,” the authors wrote….
And black Americans living in the South also had more African ancestry than any other region of the country. African-Americans in West Virginia and Oregon had the lowest percentage of African ancestry.
So . . . . what stories are you following today? Please post your thoughts and links in the comment thread and have a terrific Tuesday!
Just look at those awful teenage girls wearing coats in a bookstore! How shocking! And the President in jeans and casual jacket! Impeach him immediately!
As everyone knows by now, GOP aide to Rep. Stephen Fincher (R-TN) Elizabeth Lauten learned the hard way that when you attack the President’s family on Facebook, lots of people see it; and then your ugly words go viral on Twitter and other social media sites.
Addressing her comments directly to the Obama girls, Lauten wrote that they should ‘‘respect the part you play,’’ and added: ‘‘Then again your mother and father don’t respect their positions very much, or the nation for that matter, so I’m guessing you’re coming up a little short in the ‘good role model’ department.’’
Lauten also urged the Obama girls to ‘‘dress like you deserve respect, not a spot at a bar.’’
Lauten later apologized for the comments and deleted the original post, which drew harsh criticism across social media.
In her pathetic “apology,” as Eugene Robinson noted on Rachel Maddow’s show last night, Lauten failed to say she was sorry for insulting any of the members of the Obama family.
‘‘When I first posted on Facebook I reacted to an article and I quickly judged the two young ladies in a way that I would never have wanted to be judged myself as a teenager,’’ Lauten told The Commercial Appeal of Memphis in an email. ‘‘Please know, those judgmental feelings truly have no place in my heart. Furthermore, I’d like to apologize to all of those who I have hurt and offended with my words.’’
Whatever, lady. I’m glad you’re out of a job. Instant Karma is so satisfying.
Speaking of f**king a**holes, I’ve managed for a long time now to avoid seeing or hearing anything about MSNBC’s “Morning Joe” or its moronic hosts Joe Scarborough and Mika Brzezinski. Unfortunately, this morning I accidentally clicked on a link to Mediaite and read something about their asinine TV show.
This morning the above-mentioned Eugene Robinson was on the program and dared to say that Michael Brown might have had his hands up when he was shot and killed by Darren Wilson. Robinson’s reasoning? A number of eyewitnesses said so and there’s nothing in the evidence that proves Brown wasn’t surrendering.
According to Mediaite’s Evan McMurry, things “got awkward.”
“I don’t believe there’s anything in the record, certainly not in the forensic evidence, that precludes the possibility that he had his hands up at some point when he was approaching the officer,” Robinson said.
“That’s an awfully low standard,” cohost Joe Scarborough replied. “There’s also no evidence that doesn’t suggest a flying saucer from Venus swooped over all of them. There’s no evidence that it’s precluded, Gene. I’m not being difficult. I’m just saying the truth actually does matter.”
“I think it’s a very uncomfortable question for you, Gene,” Brzezinski said. “Because if you say no, there’s no evidence his hands up, you’re probably insulting a lot of people. Do you feel uncomfortable with the question?”
Now what do you suppose Brzezinski meant by that? Oh yeah, Robinson is black and so Mika thinks he must have to lie in order to pacify other black people. Are you lying to please your puppet master Joe Scarborough and the racist audience to your show, Mika?
You can watch the video at the Mediaite link above.
The racists are also up in arms about the five St. Louis Rams players (all black) who had the nerve to express solidarity with Ferguson protesters by standing with their hands up before their football game on Sunday. St. Louis police officers were enraged by this mild display of support, and complained loudly in the media.
St. Louis police chief Jon Belmar then publicly claimed that the Rams organization had apologized for the players actions. A battle of words followed, in which the Rams denied apologizing and Belmar kept insisting they had. From the NY Daily News:
St. Louis County Police Chief Jon Belmar said the St. Louis Rams apologized to local law enforcement officials Monday after five players walked onto the field Sunday with their arms raised high in solidarity with the Ferguson protesters, a claim the team denied in a bizarre war of words that erupted overnight between the team and cops.
Police immediately cried foul at the act during the Rams’ Week 13 home blowout of the Oakland Raiders, but the NFL sacked the cops’ request and chose not to discipline the players.
There was still fallout to manage and Rams COO Kevin Demoff tried to satisfy the outcry by local cops when he called Belmar on Monday and apologized for the players’ unsanctioned actions, according to the chief.
“Mr. Demoff clearly regretted that any members of the Ram’s (sic) organization would act in a way that minimized the outstanding work that police officers and departments carry out each and every day,” Belmar said in an email to the department, the St. Louis Post-Dispatch reported. “My impression of the call was that it was heartfelt and I assured him that I would share it with my staff.” ….
But CNN’s Rachel Nichols said Rams spokesman Artis Twyman told CNN the team “did not apologize” to St. Louis police.
And Demoff backed up that claim when reached by the Post-Dispatch late Monday. “In none of these conversations did I apologize for our players’ actions,” Demoff told the Post-Dispatch. “I did say in each conversation that I regretted any offense their officers may have taken. We do believe it is possible to both support our players’ First Amendment rights and support the efforts of local law enforcement as our community begins the process of healing.”
My advice to Belmar and police departments all over the country: Get over it and stop killing innocent citizens.
And speaking of moronic a**holes, John Boehner is set to do battle with the crazy caucus today. Reuters: Boehner to seek support for plan to avoid government shutdown.
House of Representatives Speaker John Boehner will try to sell fellow Republicans this week on a government spending bill that avoids a shutdown fight but allows the party to strike back at President Barack Obama’s immigration order.
Republicans have a lot riding on their handling of must-pass government funding. Having scored huge wins in Nov. 4 voting that handed them a majority in the Senate and gave them a bigger majority in the House, Republican leaders want to demonstrate that they can govern responsibly next year.
But many are still outraged that Obama bypassed Congress and is moving ahead unilaterally on immigration, granting what they claim is “amnesty” to people who came to the United States illegally.
House Republicans will meet on Tuesday after a 10-day Thanksgiving break to discuss their response, including a leading option for Boehner that would fund most government agencies through September 2015, with only a short-term extension for the Department of Homeland Security (DHS).
House Republican lawmakers and aides say this would give them a chance to use their stronger House and Senate majorities next year to pass explicit spending restrictions on some DHS agencies, to try to stop Obama’s immigration overhaul.
More details from Bloomberg Politics:
House Speaker John Boehner and his fellow Republican leaders are turning to large-animal veterinarian and Tea Party darling Ted Yoho to help avoid a second government shutdown in as many years.
The freshman Florida Republican has proposed a bill that aims to remove the president’s executive power when it comes to deportations. It’s a symbolic measure that would have essentially zero chance of passing in the last days of a Democratic-controlled Senate. But Boehner and his crew hope it’s enough to pacify a Republican caucus seething over President Barack Obama’s immigration actions last month.
Boehner and other Republican leaders have vowed to avoid a repeat of the 16-day shutdown last year. Their best shot may be coupling Yoho’s bill with a measure that would temporarily fund immigration agencies and provide longer-term financing for the rest of the federal government. The deadline is Dec. 11, when current funding ends.
Yoho, whose opposition to Obamacare contributed to the last shutdown, was an unlikely star of the 2012 election cycle, knocking off 12-term incumbent Cliff Stearns in a Republican primary for a North Florida district after selling his veterinary practice to run. Since being sworn in, the 59-year-old Republican has voted against Boehner for speaker, said an Obamacare tax on indoor tanning was “racist,” and suggested that a government shutdown could stabilize markets.
Yoho sounds like a lunatic. How on earth do people like this get elected?
Speaking of lunatics, last night I watched the final debate between Louisiana Senate candidates Bill Cassidy and Mary Landrieu. If the result of the runoff election on Saturday weren’t so important, the “debate” would have been a laugh riot. The main topics were abortion, guns, Obamacare, Cassidy’s double dipping at the expense of taxpayers and Landrieu’s weak support of the hated black President.
It was difficult to listen to what Cassidy was saying, because he is so strange-looking, and when he forces a smile, he looks like something out of a vampire movie. Even though Mary Landrieu is a pretty conservative Democrat, I couldn’t help liking her when I noticed she had a hard time not laughing out loud when Cassidy was talking.
The gloves came off during the testy final U.S. Senate debate Monday night between Democratic incumbent Mary Landrieu and Republican Rep. Bill Cassidy. Controversies dominated the discussion, including assertions that Cassidyfalsified time sheets and Landrieu used taxpayer money to take charter airplane flights to campaign events.
Landrieu worked her main allegation, that Cassidy billed Louisiana State University for work he didn’t perform, into answers throughout the debate. She said it’s an issue that should follow him beyond Saturday’s election.
“If he wins, he will be fighting more than President Obama. He will be fighting subpoenas because he padded his time sheet,” Landrieu said. “He’ll talk about everyone else’s record but his own.”
Cassidy denied the allegations and defended his record. “These charges are absolutely false. The Landrieu campaign takes these charges, and they twist them anyway they can. I’m proud of the work I’ve done at LSU,” Cassidy said.
A physician, Cassidy said his work at LSU hospitals helped people, while Landrieu’s charter flights helped only her. Landrieu countered that she had taken responsibility for the flights, which she attributed to a bookkeeping error, and paid back the Treasury.
Read more at the link.
During their extended argument over abortion, I was surprised to hear Cassidy state as fact that a 20-month fetus is viable and capable of feeling pain. I was also shocked when Landrieu said she is against all abortions and thinks they are immoral, but that the government shouldn’t be making those decisions. At least she’s “pro-choice.”
After watching that debate, I thanked my lucky stars that my Senators are Elizabeth Warren and Ed Markey.
That’s about all the news I could dredge up this morning. I’ll be so glad when the holidays come to an end. What stories are you following today?
I’m going to begin with some good news today.
It looks like the coming winter will be on the mild side. From Discovery News: Winter Forecast for US Nothing to Shiver About.
Don’t expect the polar vortex to pummel the eastern United States this winter, government scientists said today (Oct. 16).
Overall, forecasters expect mild winter conditions across much of the United States, scientists with the National Oceanic and Atmospheric Administration (NOAA) said as they issued their annual winter weather outlook.
While there’s always a chance that the polar jet stream will again funnel frigid Arctic air south toward the United States, nothing in the new forecast indicates a rerun of the persistent patterns responsible for the “polar vortex.” “We do not expect to see a repeat of last winter,” said Mike Halpert, acting director of NOAA’s Climate Prediction Center.
Developing El Niño conditions in the Pacific Ocean will influence this year’s winter weather, with wet conditions forecast from Southern California to South Carolina, and dry conditions expected across the North. Temperatures will be warmer than average in the West and in New England, but colder in the South from Texas east to Florida, according to the forecast.
I hope they’re right!
Now for the latest Ebola news . . .
Why can’t Dallas hospital workers just stay home until they’re cleared? From The Washington Post: Texas hospital worker quarantined on cruise ship in Caribbean.
A Texas health-care worker who “may have” handled lab specimens from Ebola victim Thomas Eric Duncan has been isolated on board a Carnival cruise ship in the Caribbean. The worker has shown no symptoms of the disease, according to Carnival, which said it is in close contact with the Centers for Disease Control. A Carnival spokeswoman said the guest, who was not named, will remain on board in voluntary isolation until the ship returns to its home port of Galveston on Sunday.
The Texas Health Presbyterian Hospital employee and a partner boarded the ship Oct. 12 in Galveston, Tex., before the U.S. Centers for Disease Control and Prevention updated the requirement for active monitoring, the State Department said in a statement. Although the worker is healthy, the U.S. government is working with the cruise line to get the ship back to America “out of an abundance of caution.”
The employee, who has not been named, did not come into direct contact with Duncan, the first patient diagnosed with Ebola in the United States. However, he or she may have been exposed to his clinical specimens, the State Department said.
“It has been 19 days since the passenger may have processed” Duncan’s fluid samples, State Department spokeswoman Jen Psaki said in a statement early Friday morning. “The cruise line has actively supported CDC’s efforts to speak with the individual, whom the cruise ship’s medical doctor has monitored and confirmed was in good health. Following this examination, the hospital employee and traveling partner have voluntarily remained isolated in a cabin.”
Belize refused to allow the woman (gender identified by news release) to be leave the ship so she could be evacuated by the U.S.
In its own statement Thursday, the the Belize government said it “was contacted today by officers of the U.S. Government and made aware of a cruise ship passenger considered of very low risk for Ebola….Nonetheless, out of an abundance of caution, the Government of Belize decided not to facilitate a U.S. request for assistance in evacuating the passenger through the Phillip Goldson International Airport.”
Now that the horses are out of the barn, so to speak, officials in Texas have decided to close the barn doors. From USA Today: Travel Ban for Texas health care workers in Ebola case.
Texas health officials have ordered any person who entered the room of the first Ebola patient at a Dallas hospital not to travel by public transport, including planes ship, buses or trains, or visit groceries, restaurants or theaters for 21 days, until the danger of developing Ebola has passed.
The instructions, issued by the Texas Department of State Health Service late Thursday, cover more than 70 health workers involved in providing care for Thomas Duncan, the Liberian national who became the first patient to test positive for Ebola in the United States.
Duncan died Oct. 8 at Texas Health Presbyterian Hospital in Dallas.
The hospital workers were ordered to undergo monitoring twice a day, including one face-to-face encounter.
The health department said anyone failing to adhere to the rules “may be subject to a communicable disease control order.” The health workers were asked to sign a written acknowledgement of the directions when they appear for monitoring.
According to The Hill, the CDC has now decided it needs to talk to passengers who were on Amber Vinson’s flight from Dallas to Cleveland. Vinson is the second nurse to come down with Ebola after caring for Thomas Duncan, who died of the disease last week.
After reports that she may have shown symptoms on her flight back to Dallas, the CDC asked those passengers to contact the agency. But in a release Thursday night, the CDC expanded that notification to include passengers on Vinson’s flight to Cleveland. The agency said that it wants to interview passengers and that “individuals who are determined to be at any potential risk will be actively monitored.”
Ebola is contagious once an infected person starts exhibiting symptoms, so the CDC wants to keep tabs on anyone that could have come into contact with Vinson when those symptoms began. She traveled to Cleveland on Oct. 10 and returned on Oct. 13, the day before she reported her symptoms to the CDC.
Yesterday, the U.S. House of Representatives decided to get involved in the Ebola crisis, and it wasn’t pretty. BloombergPolitics compiled The Five Worst Questions from the House Ebola Hearing. According to the article, Democrats are wrong to claim that lack of funding made the situation worse. Republicans obsessed over banning travel into the U.S. and “securing the borders.” But the most ludicrous question came from Rep. Morgan Griffith (R-VA).
Representative Morgan Griffith wanted to know if humans can catch Ebola from dogs, and Frieden said there were no known incidents. But still, the Virginia Republican wanted to know if we could stem the flow of West African dogs traveling into America.
“Don’t you think we ought to at least restrict travel of dogs?” he asked.
“Um,” Frieden replied. “We’ll follow up in terms of what’s possible.”
In addition, President Obama held an “emergency meeting” at the White House yesterday.
(Reuters) – President Barack Obama said he was considering appointing an Ebola “czar” to coordinate the fight against the virus in the United States, but he remained opposed to a ban on travel from West Africa.
Obama’s administration is facing sharp criticism from lawmakers over its efforts to contain the disease at home. Obama authorized calling up military reservists for the U.S. fight against Ebola in West Africa on Thursday….
“It may be appropriate for me to appoint an additional person” to oversee efforts to contain Ebola, Obama told reporters, adding that experts have told him “a flat-out travel ban is not the way to go” because current screening measures at airports are working.
He said he had no philosophical objection to a travel ban but that some travelers might attempt to enter the United States by avoiding screening measures, which could lead to more Ebola cases, not fewer.
A final dose of stupid came from Sen. Rand Paul, who told an audience of college students that you could catch Ebola by standing three feet from someone who is infected.
His comments directly conflict with statements from world health authorities who have dealt with Ebola outbreaks since 1976.
Paul…made his comments during a stop at Plymouth State University in New Hampshire Wednesday. In his remarks, he called Ebola “incredibly contagious” and suggested it could spread at a cocktail party attended by someone who is symptomatic, according to CNN video footage….
“You’re not going to get AIDS at a cocktail party. No one’s going to cough on you and you’re going to get AIDS. Everybody knows that. That’s what they make it sound exactly like,” Paul, a doctor and potential presidential contender, said Thursday at Plymouth State University in New Hampshire. “But then you listen to them closely, they say you have to have direct contact. But you know how they define direct contact? Being within three feet of someone.”
World health authorities have been clear that Ebola is transmitted through direct contact with bodily fluids, and that blood, vomit and feces carry the most virus. Health workers are at particular risk because in the course of caring for patients, they draw blood and clean up diarrhea when the patients are most infectious. Likewise in the epidemic zone in West Africa, people involved with burials of highly infectious bodies are at high risk.
In other news . . .
Bill Clinton is heading down to Louisiana on Monday to stump for Mary Landrieu, according to Politico.
Former President Bill Clinton will campaign in Louisiana Monday with Democratic Sen. Mary Landrieu, joining the endangered incumbent in the state capital of Baton Rouge.
Clinton, unlike President Barack Obama, can be an effective surrogate in the red Southern states where the Democratic majority hangs in the balance.
The visit, Clinton’s second for Landrieu this election cycle, comes a day before the start of early voting, which runs from October 21-28.
I’ve been hoping Bill would find time to come to Massachusetts to campaign for Martha Coakley for Governor, and what do you know? He blew through here yesterday! He spoke at Clark University in Worcester.
WORCESTER — Former President Bill Clinton told a capacity crowd at Clark University today that elections are just one big job interview.
Speaking in Worcester in support of Martha Coakley’s run for governor, Mr. Clinton said Ms. Coakley’s actions and advocacy as attorney general indicate how well she will perform once she completes that job interview.
“All you’ve got to do,” he told more than 800 people who waited in a line the length of the Main South campus in monsoon-like conditions to get into Atwood Hall, “is increase the number of employers who make the hiring decision.”
Ms. Coakley, a Democrat, and her running mate, Steve Kerrigan of Lancaster, are in a tight race with Republican Charlie Baker and his running mate, Karyn Polito of Shrewsbury. Mr. Clinton tried to convince the crowd they had the potential to make it a landslide.
“I don’t care what the polls say, she can win this race handily if you want it bad enough,” Mr. Clinton said.
Now we just need Hillary to show up.
How about a little economics news? It seems people in Europe are getting fed up with Angela Merkel’s austerity obsession, according to the NYT. I can’t excerpt from the piece, but here’s a report from The Local in Italy:
Italy and France on Thursday reacted to turmoil in global stock markets by stepping up their calls for the European Union to switch course to focus on growth, not on balancing budgets.
But their calls were once again batted away by German Chancellor Angela Merkel, who insisted the way out of the crisis was for all eurozone states to stick to agreed rules on the size of their deficits.
In the latest salvos in a simmering row that is set to come to head at a summit of EU leaders next week, Rome and Paris went on the offensive on the sidelines of the ASEM meeting in Milan.
“We in a very delicate moment in terms of the international economic and financial situation,” Italian Prime Minister Matteo Renzi said.
“Which is all the more reason for Europe to show itself capable of producing an economic response based on investment in growth and not only on rigour and austerity,” Renzi said.
He also said a “focus on growth” was recommended by the IMF – “and they don’t seem to be dangerous communists to me”.
According to UK Reuters, the U.S. has warned Europe about the possibility of deflation.
The United States on Wednesday renewed a warning that Europe risks falling into a downward spiral of falling wages and prices, saying recent actions by the European Central Bank may not be enough to ward off deflation.
In a semiannual report to Congress, the U.S. Treasury Department also said Berlin could do more to help Europe, namely by boosting demand in the German economy, Europe’s largest.
“Europe faces the risk of a prolonged period of substantially below-target inflation or outright deflation,” the Treasury said.
The Guardian today published a summary of Europe’s “five years of economic crisis.”
Finally, Janet Yellen has expressed concern over growing economic inequality in the U.S. Reuters reports:
Federal Reserve Chair Janet Yellen said on Friday the growth of economic inequality in the United States “greatly” concerned her, and suggested in a detailed speech on the politically charged issue that Americans should ask whether it was compatible with their values.
With global financial markets rebounding from days of frenzied selling, Yellen did not comment on the volatility or on monetary policy. Instead she focused on the gulf between rich and poor that has only grown wider over the last several decades and, she said, through the U.S. economic recovery.
“The extent of and continuing increase in inequality in the United States greatly concern me,” Yellen told a conference on inequality at the Boston branch of the central bank.
“It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority,” she told economists, professors and community workers.
“I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity.”
Good for Yellen. Now let’s see some action beyond the words.
What else is happening? Please post your thoughts and links in the comment thread, and have a fabulous Friday!!
Good Morning Sky Dancers!!
Today is 2014’s autumnal equinox, when day and night are equal in length. From now on, the days will get shorter and the nights longer, as we approach winter. Actually, autumn officially began in the Northern Hemisphere last night at 10:29 Eastern time.
Astronomically speaking…the fall season…comes to the Northern Hemisphere on Tuesday, September 23rd at 2:29 Universal Time (10:29 p.m. EDT on Monday, the 22nd). At that moment, the Sun shines directly on Earth’s equator, heading south as seen in the sky. For us northerners, this event is called the autumnal equinox….
The apparent position of the Sun in our sky is farther north or farther south depending on the time of year due to the globe’s axial tilt. Earth’s rotational axis does not point straight up and down, like the handle of a perfectly spinning top, but is slanted about 23½° with respect to our orbit around the Sun.
Another way to think of this is that the plane defined by Earth’s orbit around the Sun (called the ecliptic) is tilted with respect to the planet’s equator. From our perspective, the Sun follows the ecliptic in its path through the sky throughout the year. Each day the Sun’s daily arc moves northward or southward, depending on the time of the year. To observers at northern latitudes (in the U.S., Canada, and Europe, for example), the Sun appears to sneak higher in the sky from late December to late June, only to drop down again from late June through late December. The equinox occurs when the Sun is halfway through each journey.
This axial tilt also produces our seasons. When Earth is on one side of its orbit, the Northern Hemisphere is tipped toward the Sun and receives more direct solar rays (and more daylight hours) that produce the familiar climes of summer. Six months later, when Earth is on the opposite side of its orbit, the Northern Hemisphere is tipped away from the Sun. The slanting solar rays heat the ground less and daylight is shorter, producing the colder winter season.
What else happens at the equinox?
Day and night are nearly the same length; the word “equinox” comes from the Latin aequinoctium, meaning “equal night,” according to the Oxford English Dictionary. However, a poke around your almanac will show that day and night are not precisely 12 hours each, for two reasons: first, sunrise and sunset are defined as when the Sun’s top edge — not its center— crosses the horizon. Second, Earth’s thick atmosphere refracts the Sun’s apparent position slightly when the solar disk sits very low on the horizon.
The Sun rises due east and sets due west, as seen from everywhere on Earth; the equinoxes are the only times of the year when this occurs.Should you be standing on the equator, the Sun would pass exactly overhead at midday.
Were you standing at the North Pole or South Pole, the Sun would skim completely around the horizon.
Mabon is a harvest festival, the second of three, that encourages pagans to “reap what they sow,” both literally and figuratively. It is the time when night and day stand equal in duration; thus is it a time to express gratitude, complete projects and honor a moment of balance.
“Mabon is a time to reflect on the previous year, when we can celebrate our successes (likened to bringing in the harvest) and assess which crops, projects, or dreams didn’t come to fruition,” the Los Angeles-based pagan leader Laurie Lovekraft told HuffPost.
The pagan website The White Goddess explains:
This is the time to look back not just on the past year, but also your life, and to plan for the future. In the rhythm of the year, Mabon is a time of rest and celebration, after the hard work of gathering the crops. Warm autumn days are followed by chill nights, as the Old Sun God returns to the embrace of the Goddess.
The holiday is named after the Welsh God, Mabon, son of Earth Mother goddess Modron.
Endless War News
The US (and some Arab allies) have carried out airstrikes in Syria. From The Guardian, US confirms 14 air strikes against Isis in Syria.
The most intensive barrage of air strikes launched against Islamic State (Isis) since the US fight against the terror group began last month thundered into northern Syria until after dawn on Tuesday, heralding a new phase of a war that Sunni regional powers have vowed to help lead.
Large explosions were reported in the group’s stronghold of Raqqa, in eastern Syria, as well as in Idlib province. There were unconfirmed reports that attacks had also taken place near Deir Azzor and western Aleppo.
A Pentagon statement said the 14 strikes against Isis targets were carried out with Bahrain, Jordan, Saudi Arabia, the United Arab Emirates and Qatar. Jordan confirmed it its airforce had “destroyed a number of targets that belong to some terrorist groups that sought to commit terror acts inside Jordan” without making explicit reference to Syria.
The Pentagon said warplanes, drones and Tomahawk missiles were used in the attacks, which targeted several areas including IS stronghold Raqqa.
Syria’s foreign ministry said its UN envoy was informed about the strikes against IS, which controls large swathes of Syria and Iraq.
Activists say at least 70 IS militants were killed in the strikes….
It said a total of 14 strikes destroyed or damaged IS training compounds, command and control facilities, vehicles and storage sites.
The US military will continue to conduct air strikes against IS targets in Iraq and Syria, it added.
US Gen Martin Dempsey, America’s highest-ranking uniformed military officer, said the strikes were conducted to show IS militants they had no safe haven. “We certainly achieved that,” he told reporters.
Separately, Centcom said US forces also attacked a network of al-Qaeda veterans named Khorasan who had established a safe haven west of Aleppo and were plotting imminent attacks against the West.
Experts say members of the secretive group are believed to co-operate with al-Nusra Front – Syria’s al-Qaeda-affiliate – using its training bases and resources.
President Obama plans to speak about the Syrian strikes this morning at 10AM.
The U.S. Treasury Department has issued a new tax rules designed to prevent companies from moving operations out of the U.S. Bloomberg Businessweek reports, Lew Tries to Limit Tax-Cut Deals With Inversion Crackdown.
Treasury Secretary Jacob J. Lew’s crackdown on inversions will get an immediate test as eight U.S. companies with pending deals decide whether to proceed — and other companies contemplating a foreign address now have to think twice.
That’s exactly what Lew had in mind.
“This action will significantly diminish the ability of inverted companies to escape U.S. taxation,” Lew told reporters on a conference call yesterday. “For some companies considering deals, today’s action will mean that inversions no longer make economic sense.”
The Treasury announcement heightened the tension between the government and companies considering obtaining a foreign address to lower their tax bills. Lew and President Barack Obama made clear that they were prepared to use rule-making authority to try stop some deals, even at the risk of a backlash from the companies and from Republicans, who already complained that Lew’s moves went too far.
A wave of inversions caught lawmakers’ attention this year when large companies such as Pfizer Inc. (PFE) andWalgreen Co. (WAG) explored transactions andMedtronic Inc. (MDT), AbbVie Inc. and Burger King Worldwide Inc. (BKW) moved forward with deals.
Treasury officials took action under five sections of the U.S. tax code to make inversions harder and less profitable, removing some of the appeal that has made the transactions more common in recent years, particularly in the pharmaceutical industry.
In an inversion, an American company reincorporates for tax purposes in a tax-friendlier country such as the U.K. or Ireland, typically while maintaining much of their operations in the U.S. Most recent inversions sprang from mergers of a U.S. firm with a smaller foreign firm after regulatory steps taken during President Barack Obama’s first term curbed other types of inversions.
The Treasury rules will make it harder for companies that invert to use cash accumulating abroad—a big draw in recent deals. In addition, the government has made it more difficult to complete these overseas mergers.
The tax changes took effect immediately, officials said, and applied to all deals that hadn’t closed by Monday.
And from the AP via Bloomberg, Ahead of the Bell: Inversion rules sting stocks.
Shares of several companies stumbled Tuesday before markets opened and a day after the Treasury Department announced new regulations that aim to make it tougher to pull off overseas mergers and acquisitions that trim U.S. corporate tax bills.
The new measures attempt to keep companies from finding ways to access earnings from a foreign subsidiary without paying U.S. taxes, including “hopscotch” loans, in which companies shift earnings by lending money to the new foreign parent company while skipping over the U.S.-based company. Another rule change would make it harder for merged or acquired companies to benefit from lower foreign taxes by tightening the application of a law that says the American company’s shareholders must own less than 80 percent of the new, combined company.
About 50 U.S. companies have carried out moves known as inversions in the past decade, and more are considering it, according to the nonpartisan Congressional Research Service.
An inversion happens when a U.S. corporation and a foreign company combine, with the new parent company based in the foreign country. For tax purposes, the U.S. company becomes foreign-owned, even if all the executives and most of its operations remain in the U.S. Inversions can help companies generate significant tax savings over time in part because the United States has the highest corporate income tax rate in the industrialized world, at 35 percent.
Awwwwwwww . . . too bad corporate bigwigs. I so don’t feel sorry for you.
I have a few offbeat stories for you. The first one is especially for JJ. ABC News reports, ‘Little People, Big World’ Star Jeremy Roloff Is Married.
“Little People, Big World” star Jeremy Roloff, 24, married Audrey Mirabella Botti Saturday afternoon in Oregon.
Jeremy’s twin brother, Zach, was his best man, while the bride wore a gown designed by Lauren Graebner of Eva’s by Reclamation, People magazine reports.
The bridesmaids wore flower crowns and Botti, 23, wore a larger crown designed by Vanessa Schmidt. Roloff wore a suit from ProperSuit, which he shared on social media.
More details, photos, and tweets at the link.
From the Leicester Mercury (UK), Pictures released of two 1,000-year-old skeletons holding hands found in Leicestershire.
Pictures were released today by the University of Leicester, showing two 1,000-year-old skeletons holding hands, which have been discovered.
The pair of skeletons, which are centuries-old and holding hands have been uncovered at a ‘lost’ chapel by archaeologists.
The Mercury reported last week that the remains, of a man and a woman, were found at the Chapel of St Morrell, an ancient site of pilgrimage in Hallaton.
It is believed the pair holding hands are of a similar age.
Whoever they were, the man and woman must have died at the same time.
Leading the project is professional archaeologist Vicky Score, of the University of Leicester, who works on the project during her holidays.
She said carbon-dating on nine skeletons uncovered since the dig began had revealed them to be from the 14th century.
“’We have seen similar skeletons before from Leicester where a couple has been buried together in a single grave. The main question we find ourselves asking is why were they buried up there?” she added.
“There is a perfectly good church in Hallaton. This leads us to wonder if the chapel could have served as some sort of special place of burial at the time.”
See more photos at ABC News.
I found earlier articles about skeletons of couples embracing each other. From NBC News, Prehistoric Romeo and Juliet Discovered.
ROME, Feb. 7, 2007 — They died young and, by the looks of it, in love. Two 5,000-year-old skeletons found locked in an embrace near the city where Shakespeare set the star-crossed tale “Romeo and Juliet” have sparked theories the remains of a far more ancient love story have been found.
Archaeologists unearthed the skeletons dating back to the late Neolithic period outside Mantua, 25 miles south of Verona, the city of Shakespeare’s story of doomed love.
Buried between 5,000 and 6,000 years ago, the prehistoric pair are believed to have been a man and a woman and are thought to have died young, because their teeth were found intact, said Elena Menotti, the archaeologist who led the dig.
“As far as we know, it’s unique,” Menotti told The Associated Press by telephone from Milan. “Double burials from the Neolithic are unheard of, and these are even hugging.”
Another one from HuffPo, Skeletons ‘Embracing’ In Death May Represent Gruesome Ancient Siberian Custom.
For years researchers in the Novosibirsk region of Siberia have puzzled over dozens of ancient grave sites containing bodies buried face to face, some seemingly with hands clasped as if in an eternal embrace.
But soon DNA tests may help provide an answer to the key question: Are these the graves of star-crossed lovers, or could the remains be evidence of a gruesome ancient custom?
The bodies are part of a massive burial ground located in the Siberian village of Staryi Tartas, the Siberian Times reported. Altogether, close to 600 tombs have been discovered in the area, dozens of which contain the so-called “embracing” couples.
The graves are believed to belong to the Andronovo culture, which existed in the area during the second and first millennia B.C.E., according to Britannica. Yet many of the bodies in the graves are believed to be from the 15th, 16th and 17th Centuries B.C.E., the Siberian Times reported….
“We can fantasize a lot about all this,” Vyacheslav Molodin, an archaeology and ethnography expert at the Russian Academy of Sciences, told the Siberian Times. “We can allege that husband died and the wife was killed to be interred with him as we see in some Scythian burials, or maybe the grave stood open for some time and they buried the other person or persons later, or maybe it was really simultaneous death.”
What else is happening? Please post your thoughts and links in the comment thread.
President Obama is meeting with other NATO leaders in Newport, Wales today, and the focus of meetings will be Russia’s encroachment into Ukraine and how to deal with it. The Christian Science Monitor reports: NATO members gather in Wales with Russia at the top of the agenda.
Russia faced harsh criticism at the start of a North Atlantic Treaty Organization (NATO) summit in Wales today with the 28 member state alliance reevaluating its security role in Europe amid the ongoing crisis in Ukraine.
NATO Secretary General Anders Fogh Rasmussen said the alliance continues to witness “Russian involvement in destabilizing the situation in eastern Ukraine” even after Russian President Vladimir Putin proposed a seven-point peace plan. Russia maintains it has not armed rebels in eastern Ukraine or contributed to the conflict there.
Early reports from the summit suggest NATO leaders are set to agree to create “rapid reaction” forces that could be deployed in less than two days to regional crisis spots. Countries close to Russia, especially Poland, have called for NATO to permanently station troops on their territory, but Reuters reports this is unlikely to happen because it would break a 1997 agreement the alliance made with Russia.
As the Monitor reported, the creation of rapid response forces wouldthrust the United States into the center of any future conflict.
Terrific. Supposedly, Russian president Vladimir Putin in proposing a cease-fire, but he’s offering few specifics. From The New York Times: Putin Lays Out Proposal to End Ukraine Conflict.
Mr. Putin’s peace plan, jotted out during a plane ride over Siberia, muddied the diplomatic waters, leaving the West an excuse for delaying punitive sanctions that would also hurt European economies on the verge of a new recession. And it was expected to have some appeal to war-weary Ukrainians.
The ultimate effect, coming after Russian troops intervened in Ukraine last week to beat back a successful government offensive, may be to leave the country as a loose coalition that Moscow could still dominate, which critics of the Russian president say is his real aim.
It is being called a “seven-point plan,” but according to the Times,
Mr. Putin’s plan seemed to raise more questions than it answered. First, there was no mechanism for implementation. Second, just hours earlier, his own spokesman had repeated the Russian position, widely criticized as implausible, that Moscow could not negotiate a cease-fire because it was not a direct party to the conflict.
Analysts suggested that Mr. Putin’s strategy is to convince Kiev that it must negotiate, not fight, and to reinforce the idea that the overall outcome depended on Moscow.
“Russia wants to show that it is in command of what is happening,” said Fyodor Lukyanov, editor of a prominent Russian foreign policy journal. “For Russia, it is important first to prevent the Ukrainians from thinking that they could win militarily, and to accept the separatist leaders as partners in negotiations.”
A few more headlines and opinions:
Al Jazeera: NATO summit to highlight unity against Russia.
Wall Street Journal: As Leaders Meet for NATO Summit, Alliance Says Russian Troops Still Active in Ukraine.
Foreign Policy: NATO’s Make or Break Moment (opinion).
Bloomberg: NATO Shifts Aim From Waterloo to East as Russia Menaces (opinion).
European Central Bank News
The European Central Bank’s Mario Draghi finally decided to try to do something about Europe’s horrible economic situation. From the NYT: European Central Bank to Start Asset Purchases After Further Rate Cut.
FRANKFURT — Bolstering a surprise interest rate cut on Thursday, the European Central Bank will soon begin buying packages of bank loans in an effort to stimulate lending in the faltering eurozone economy.
The move is unprecedented, but appears to fall short of the broad, large-scale asset purchases advocated by many economists to prevent stagnation in the eurozone.
The central bank said that in October it would begin buying asset-backed securities, bundles of loans issued by banks to businesses and households. The central bank will also buy covered bonds, Mario Draghi, the E.C.B. president said. Covered bonds are similar to asset-backed securities, in that they also are made up of bank loans.
Perhaps more significantly, Mr. Draghi said that the central bank’s governing council was ready to take further measures if needed — a clear reference to quantitative easing, or broad-based purchases of government bonds or other assets.
Mr. Draghi did not say how much the central bank would spend buying asset-backed securities and covered bonds, adding that there was not yet enough information on the size of the market. He said the central bank would buy existing and new assets including residential and corporate loans. He said the purchases would be “significant,” if still short of a level considered quantitative easing.
Marketwatch: U.S. stocks open up after ECB rate cut.
Ferguson Civil Rights Investigation
As we heard yesterday, the Justice Department will likely announce today that it is launching a civil rights investigation of the Ferguson, Missouri Police Department.
From The Washington Post: Justice Dept. to probe Ferguson police force.
Attorney General Eric H. Holder Jr. this week will launch a broad civil rights investigation into the Ferguson, Mo., Police Department, according to two federal law enforcement officials.
The investigation, which could be announced as early as Thursday afternoon, will be conducted by the Justice Department’s civil rights division and follow a process similar to that used to investigate complaints of profiling and the use of excessive force in other police departments across the country, the officials said.
The federal officials said the probe will look not only at Ferguson but also at other police departments in St. Louis County. Some, like Ferguson, are predominantly white departments serving majority-African-American communities, and at least one department invited the Justice Department to look at its practices. The officials spoke on the condition of anonymity to discuss the pending inquiry.
The investigation is in addition to a Justice Department probe into whether Officer Darren Wilson, who fired the fatal shots, violated Brown’s civil rights. The new probe will look more broadly at whether the department employed policies and practices that resulted in a pattern of civil rights violations.
The Washington Post reported Saturday that five current and one former member of the Ferguson police force face pending federal lawsuits claiming they used excessive force. The lawsuits, as well as more than a half-dozen internal investigations, include claims that individual officers separately hog-tied a 12-year-old boy who was checking his family mailbox, pistol-whipped children and used a stun gun on a mentally ill man who died as a result.
More from The New York Times: Justice Dept. Inquiry to Focus on Practices of Police in Ferguson.
Ferguson’s police chief, Thomas Jackson, said in an interview on Wednesday night that he would welcome the investigation.
“We’ve been doing everything we can to become a professional police department and a professional city,” he said. “We have no intentional policies or procedures which discriminated or violated civil rights. But if we have anything there which may unintentionally do that, we need to know about it.”
Chief Jackson said he met with Justice Department officials on Wednesday afternoon and discussed the broader investigation. “Obviously, we have gaps. And any help we can get to help fill those gaps and to make ourselves stronger, we welcome,” he said.
What a crock of sh&t that is! I’ll just bet Jackson is thrilled about the Justice Department probe into his joke of a police force. Wouldn’t you love to hear what he’s saying privately?
In the Ferguson case, the Justice Department will conduct what it calls a “pattern or practice” investigation, with officials looking for evidence that the police have repeatedly violated residents’ civil rights. Such inquiries have been one of the Justice Department’s preferred tactics in addressing accusations of police misconduct.
Rabid Bobcat Attacks
Here’s a strange story I came across yesterday in The Boston Globe: Rabid Bobcat Spent Labor Day Weekend in Conn. Attacking People.
What’s worse than stumbling upon an angry bobcat on your nightly walk with your newborn daughter? Stumbling upon an angry, rabid bobcat on your nightly walk with your newborn daughter.
That’s what happened to Summer and Tom Berube last Sunday. The Lebanon, CT, couple were taking their evening walk with their infant daughter, Neeve, when a bobcat approached them.
According to NECN, the bobcat hissed and ran towards Tom, who was carrying his baby. Tom yanked a mailbox out of the ground and used it to defend his family, knocking the animal down when it leapt at him. Summer, meanwhile, said she “was just screaming at the top of my lungs for help.”
That help soon came from the Department of Energy and Environmental Protection, which had already been alerted to the presence of an aggressive bobcat in the area. On Saturday, a woman in the neighboring Connecticut town of Bozrah was attacked by a bobcat while feeding her chickens. She was scratched and bitten, but quickly taken to a local hospital for treatment. If caught early enough, a postexposure vaccination prevents the disease from spreading.
I had no idea there were bobcats running around in New England, but according The Hartford Courant, although sightings are rare, “Bobcats are common in Connecticut and are found in every town. They can weigh as much as 40 pounds, but rarely interact with people and rarely have rabies, DEEP said.”
They Shall Be Released
Maybe you’re wondering why I’ve illustrated this post with photos of Bob Dylan. In 1968, I bought a two-record album in a plain white cover that was being sold by a street hawker in Harvard Square. I learned this morning from Wikipedia that it was known as “The Great White Wonder,” but either I didn’t know that then or I’ve forgotten. The recording was a bootleg of Bob Dylan’s so-called “basement tapes,” recorded in Woodstock, NY, with backup from The Band. Later, in 1975, a selection of the songs they had recorded was released as a studio album.
Anyway, the basement tapes are back in the news, because they are all going to be released as a 6-CD set.
The Guardian reports: Bob Dylan to share full Basement Tapes.
Bob Dylan is sharing the rest of his Basement Tapes. Four decades after the singer released 24 songs under that title – cuts he recorded with the Band in upstate New York – his label have agreed to unveil 114 more tracks from the same 1967 sessions.
“Some of this stuff is mind-boggling,” Sid Griffin, author of the set’s liner notes,told Rolling Stone. Packaged under the title The Basement Tapes Complete: The Bootleg Series Vol. 11, the six-CD set incorporates alternate versions of Blowin’ In The Wind and It Ain’t Me Babe, covers of tunes by Johnny Cash and Curtis Mayfield, and at least 30 tracks that Rolling Stone claims “even fanatical Dylan fans never knew existed”. A shorter, two-disc compilation, The Basement Tapes Raw, will present 12 of the unreleased tracks alongside the original LP.
Almost all of this material was harvested from reel-to-reel tape: 20 tapes in all, which the Band’s Garth Hudson kept stored in his Woodstock home. Jan Haust, a Toronto-based collector, acquired the archive about 10 years ago; he worked with Dylan’s reps to find a way to put them out. Although a few tapes were allegedly missing, and a handful of recordings “just [sounded] like a distortion”, everything else is making its way to the public. “We usually curate these packages more, but we knew the fans would be disappointed if we didn’t put out absolutely everything,” an unnamed Dylan source told Rolling Stone.
Fans of The Basement Tapes have always known that there was unreleased material. There have been several expanded, bootleg editions over the years, and musicians have even turned their attention to Dylan’s unreleased Basement Tapes-era lyrics. Earlier this year, T Bone Burnett collaborated with Marcus Mumford, Elvis Costello and others to record their own versions of his incomplete songs. “The stuff that people haven’t heard justifies, in every way, shape and form, all the hype, hubris and myth that surrounds these tapes,” Griffin promised.
USA Today has published a list of all the songs on the album to be released in November.
So . . . what else is happening? Please post your thoughts and links in the comment thread, and have a tremendous Thursday!
It’s the last week of August, and the dog days of summer have supposedly passed; but the Boston area is supposed to hit ninety degrees today and tomorrow. I’m actually looking forward to it, because it has been so cool here lately–in the sixites and low seventies in the daytime and the fifties at night. Yesterday it got into the high eighties, and it felt wonderful.
The Boston Globe has a story today about Peter Theo Curtis, the writer who was just released from captivity in Syria. His mother lives in Cambridge. I had never heard of Curtis before; apparently his kidnapping was kept secret. The Globe reports: Militants free US writer with Mass. ties who was held in Syria.
Peter Theo Curtis, a writer and scholar with ties to the Boston area who was held captive for nearly two years by one of the Islamic militant groups operating in Syria, was released Sunday after emissaries from the government of Qatar won his freedom on humanitarian grounds, in a stark contrast to the brutal murder of fellow war correspondent James W. Foley .
Curtis’s 22 months in captivity were kept from the public at his family’s request since he was nabbed near the Syrian border in October 2012 by Al Nusra Front, one of the groups seeking to topple President Bashir Assad of Syria. Al Nusra Front has ties to the Al Qaeda terrorist network.
Curtis, 45, who wrote dispatches under the name Theo Padnos and previously chronicled disaffected young Muslims in Yemen in a book titled “Undercover Muslim,” had studied Arabic in Syria.
He was handed over to United Nations peacekeepers in the Israeli-occupied Golan Heights on Sunday evening, a UN spokesman in New York said. After it was determined he was in good medical condition, he was transferred to representatives of the US government, according to the UN.
“We are so relieved that Theo is healthy and safe and that he is finally headed home after his ordeal,” his mother, Nancy Curtis, who lives in Cambridge, said in a statement, “but we are also deeply saddened by the terrible, unjustified killing last week of his fellow journalist, Jim Foley, at the hands of the Islamic State in Iraq and Syria, ISIS.”
Foley was from New Hampshire, and the two families have gotten to know each other well, according to Curtis.
Syria and Iraq
President Obama has authorized surveillance flights over Syria, according to BBC News.
Correspondents say the move could mark the first step towards US air strikes inside Syria, where the jihadist group controls vast swathes of territory.
The US is already carrying out strikes against IS in neighbouring Iraq.
On Monday, the Syrian government said it would work with the international community in the fight against IS.
Western governments have so far rejected suggestions that they collaborate with President Bashar al-Assad in an attempt to counter the growing regional threat posed by IS….
On Monday evening, US officials said Mr Obama had approved over the weekend reconnaissance flights by unmanned and manned aircraft, including drones and possibly U2 spy planes.
The US military has been carrying out aerial surveillance of IS – an al-Qaeda breakaway formerly known as Isis – in Iraq for months and launched air strikes on 8 August.
From The Boston Globe, citing “AP sources,” U.S. planes have already begun flying over Syria.
KABUL, Afghanistan (AP) — The U.S. has begun surveillance flights over Syria after President Barack Obama gave the OK, U.S. officials said, a move that could pave the way for airstrikes against Islamic State militant targets there.
While the White House says Obama has not approved military action inside Syria, additional intelligence on the militants would likely be necessary before he could take that step. Pentagon officials have been drafting potential options for the president, including airstrikes.
One official said the administration has a need for reliable intelligence from Syria and called the surveillance flights an important avenue for obtaining data.
Two U.S. officials said Monday that Obama had approved the flights, while another U.S. official said early Tuesday that they had begun. The officials were not authorized to discuss the matter by name, and spoke only on condition of anonymity.
Jim Michaels of USA Today spoke to Gen. Dempsey on Sunday about what is being done to deal with ISIS in Iraq.
ABOARD A U.S. MILITARY AIRCRAFT — U.S. airstrikes on Islamic militants in Iraq have blunted their momentum, but defeating them will require a broad regional approach that draws support from Iraq’s neighbors and includes political and diplomatic efforts, the top U.S. military officer said.
The long-term strategy for defeating the militants includes having the United States and its allies reach out to Iraq’s neighbors, including Jordan, Saudi Arabia and Turkey, Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said Sunday….
Dempsey is working with Central Command to prepare “options to address [the Islamic State] both in Iraq and Syria with a variety of military tools including airstrikes,” said Col. Ed Thomas, Dempsey’s spokesman, in a statement.
The militant group Islamic State, also known as ISIS, has shown itself to be so brutal that Iraq and the U.S. should be able to find “willing partners” to join efforts to defeat the militants, Dempsey said.
But military power won’t be enough, Dempsey said. The strategy must take a comprehensive approach that includes political and diplomatic efforts to address the grievances of millions of Sunnis who have felt disenfranchised by Iraq’s Shiite-dominated government, he said.
I get the feeling that we’re never going to escape involvement in the endless Middle East conflicts, thanks to George W. Bush, Dick Cheney, and the rest of the neocon gang. What a horrible mess! We have our own messes to deal with here, but foreign wars always seem to trump the needs of the American people.
John Cassidy speculates at The New Yorker: What’s Next in Iraq and Syria?
On his first full day back from vacation, President Barack Obama could be forgiven for wishing he were still on Martha’s Vineyard. With confirmation that ISIS fighters have just captured another military base from the government forces of President Assad, and that Qatar has engineered the release of an American freelance journalist who was being held by a non-ISIS jihadist group, Obama has two formidable challenges to deal with.
The immediate task for Obama is deciding whether to launch American bombing raids on ISIS positions inside Syria, while simultaneously preparing his Administration, and the country at large, for the possibility of another video showing an American hostage being butchered. The ISIS militants, having carefully orchestrated the beheading of James Foley following the launch of U.S. strikes inside Iraq, will surely seek to exploit the fate of its remaining American hostages for maximum effect. Any U.S. decision to expand its air campaign is almost certain to be met with the release of more snuff films.
No President—no American—could take such a prospect lightly. At the same time, Obama has to guard against allowing emotion and wishful thinking to take over U.S. policy. That’s what happened after 9/11, and some of the chaos that we now see in the Middle East can be traced back to that historic blunder. What’s needed is calm cost-benefit analysis of the options open to the United States, taking account of its strategic interests, its values, and its capabilities. In short, we need what Danny Kahneman, the Princeton psychologist who pioneered behavioral economics, would refer to as some Type 2 thinking: a disciplined weighing of the likely consequences of our actions. If we give into our Type 1 reaction—horror, outrage, anger—we will be playing into the hands of the jihadists.
One place to start is by acknowledging two errors in thinking that have blighted U.S. policy in the past decade: the conservative delusion that the United States could, more or less single-handedly, use its military power to reinvent the Middle East, and the liberal illusion that we could simply walk away from the mess that Bush, Cheney & Co. created. Without the political willingness and the financial capability to garrison the region in the manner of postwar Germany and Japan, U.S. influence has to be exercised through air power, political proxies, economic inducements, and regional alliances. But that doesn’t diminish the fact that the United States and other Western countries have vital interests at stake, one of which is preventing the emergence of a rogue Islamic state that would provide a rallying point, and a safe haven, for anti-Western jihadists the world over.
Read the whole thing at the link.
The Economies of the U.S. and Europe
There has been so much breaking news for the past couple of months that we haven’t talked much about the economies of the U.S. and Europe. But today the European Central Bank is topping the headlines, and last week Fed Chairperson Janet Yellen spoke at Jackson Hole, so I thought I’d post a few economics stories.
Here’s CNN Money’s report on Yellen’s speech, Janet Yellen: Job market not recovered.
That was Federal Reserve Chair Janet Yellen’s main message Friday in a much anticipated speech.
“It speaks to the depth of the damage that, five years after the end of the recession, the labor market has yet to fully recover,” she said.
The debate now is whether the job situation in America is healthy enough for the Federal Reserve to start raising interest rates, which have been at historic lows in recent years in an effort to jump start the economy. Yellen, however, said little new on Friday, and U.S. stock markets stayed flat.
Yellen is chair of the committee that sets interest rates, but she only gets one vote. Other members have differing views. The Fed board and other top economists are spending the weekend in Jackson Hole, Wyoming, debating these key issues.
Though the unemployment rate “has fallen considerably and at a surprisingly rapid pace,” Yellen said problems remain.
Yellen called attention to what Americans in the job market already know–though the employment numbers look better, many people have stopped looking for work, and most of the new jobs are part-time and pay low wages.
A few more U.S. economy stories to check out:
The Wall Street Journal: Fed’s Yellen Remains Mum on Timing of Rate Change.
Bloomberg Businessweek: Yellen Job-Slack View Muddied by Pent-Up Wage Deflation.
If you think the economy is struggling here, you should take a look at Europe, where austerity thinking has ruled since the economic crisis hit. Yesterday the French government collapsed. From The New York Times, French Cabinet Is Dissolved, a Victim of Austerity Battles.
PARIS — The collapse of the French government on Monday exposed widening divisions both within France’s leadership, and Europe more broadly, over austerity policies that many now fault for threatening to tip the eurozone back into recession.
Prime Minister Manuel Valls announced that he would dissolve his government after a rancorous battle in his cabinet over whether the belt-tightening measures taken by President François Hollande — at the urging of Germany and European Union officials in Brussels — were impeding France’s recovery.
The dispute broke into the open when Mr. Vall’s outspoken economy minister, Arnaud Montebourg, insisted in an interview over the weekend that austerity had gone too far. “The priority must be exiting the crisis, and the dogmatic reduction of deficits should come after,” he told the newspaper Le Monde.
He also took direct aim at the policies of Angela Merkel, the German chancellor. “Germany is caught in a trap of austerity that it is imposing across Europe,” he said.
Even the formerly strong German economy is struggling now, according to Reuters (via NYT), Crisis in Ukraine Drags Economy in Germany.
The eurozone’s flatlining economy took another hit on Monday when data showed German business sentiment sagging for the fourth consecutive month. Chancellor Angela Merkel attributed some of her own country’s decline in the second quarter to the Russia-Ukraine crisis, over which tit-for-tat sanctions threaten trade. The Munich-based Ifo, a research firm, echoed some of those sentiments as it reported its business climate index, based on a monthly survey of some 7,000 companies, fell to a worse-than-expected 106.3 from 108, the lowest level in more than a year. The findings agreed with data earlier in the month on the second-quarter contraction in Germany, the bloc’s biggest economy. Klaus Wohlrabe, an Ifo economist, said his institute expected growth in Germany to be “close to zero” in the third quarter.
A few more headlines on the European economic situation:
Bloomberg Businessweek on the European Central Bank, Draghi May Again Find Bazooka Words Beat Action With QE, and an editorial from The Financial Times, Central banks at the crossroads.
Yesterday, on the day of Michael Brown’s funeral, The New York Times published a story that got a great deal of attention because of its insensitive characterization of the dead teenager. Here the paragraph that attracted the angry reaction:
Michael Brown, 18, due to be buried on Monday, was no angel, with public records and interviews with friends and family revealing both problems and promise in his young life. Shortly before his encounter with Officer Wilson, the police say he was caught on a security camera stealing a box of cigars, pushing the clerk of a convenience store into a display case. He lived in a community that had rough patches, and he dabbled in drugs and alcohol. He had taken to rapping in recent months, producing lyrics that were by turns contemplative and vulgar. He got into at least one scuffle with a neighbor.
Would the authors have written a similar paragraph about a white homicide victim? From Vox, The New York Times called Michael Brown “no angel.” Here’s how it described serial killers.
“It comes out of the opening scene,” says Mitchell, who notes that “like many teenagers,” Brown was indeed “no angel.” Okay, but would the New York Times have chosen this term — which is commonly used to describe miscreants and thugs — if the victim had been white? Mitchell: “I think, actually, we have a nuanced story about the young man and if it had been a white young man in the same exact situation, if that’s where our reporting took us, we would have written it in the same way.” When asked whether she thought that “no angel” was a loaded term in this context, Mitchell said she didn’t believe it was. “The story … talks about both problems and promise,” she notes.
The Times’s response has done little to calm the storm. Sean McElwee, research assistant at Demos, dug into the archives to compare the Times’s description of Brown to the newspaper’s previous descriptions of serial killers and terrorists. Of course, comparing articles produced decades apart by different writers and editors isn’t an exact science. But it does lend context to the widespread frustration over how young black men are portrayed in the media.
A series of McElwee’s tweets are posted at the link, and are well worth reading.
One more from Salon by Joan Walsh, Ferguson’s booming white grievance industry: Fox News, Darren Wilson and friends. Check it out at Salon.
How did this post get so long?! I’d better wrap it up. Please post your thoughts and links in the comment thread, and have a great Tuesday!