Regulators froze a Swiss account at Goldman Sachs on Friday after unearthing activities suggestive of insider trading in the $23 billion acquisition of H. J. Heinz, taking an abrupt action after one of the biggest deals in recent years.
The action, by the Securities and Exchange Commission, illustrates the temptation that such big takeovers may present. Despite a number of prominent crackdowns on insider trading, regulators continue to uncover cases involving traders who spin confidential tidbits into illicit profits ahead of deals.
“See, not even an Academy Award can stop a Black man from being criminalized…”
God almighty, if it’s not the police it’s shopkeepers shaking down The Scary Black Man. And apparently it doesn’t matter if you’re an Academy Award winning actor. Forest Whitaker was on the Upper East Side and deigned to step into Milano Market. NewsOne:
TMZ reports that Whitaker said he was falsely accused of lifting an item off the store’s shelf and subsequently frisked by an employee. An eyewitness told the entertainment site that the Academy Award winner was frisked in plain view of everyone.
Of course, the shake down produced nothing belonging to the store and Whitaker left the establishment angry and embarrassed.
“This was an upsetting incident given the fact that Forest did nothing more than walk into the deli. What is most unfortunate about this situation is the inappropriate way store employees are treating patrons of their establishment. Frisking individuals without proof/evidence is a violation of rights.”
“Forest did not call the authorities at the request of the worker who was in fear of losing his employment. Forest asked that, in the future, the store change their behavior and treat the public in a fair and just manner.”
In a shockingly horrible column, the president of Emory University held up the “Three-Fifths Compromise” — the deal between Northern and Southern states which counted slaves as three-fifths of a person — as a shining example of political compromise at its best.
In his “from the president” column — titled “As American as … Compromise” — in the winter issue of Emory magazine, president James Wagner writes about the fiscal cliff and the importance of keeping one’s mind open to other points of view. All standard president’s letter dullness so far, right?
Then comes this:
One instance of constitutional compromise was the agreement to count three-fifths of the slave population for purposes of state representation in Congress. Southern delegates wanted to count the whole slave population, which would have given the South greater influence over national policy. Northern delegates argued that slaves should not be counted at all, because they had no vote. As the price for achieving the ultimate aim of the Constitution—“to form a more perfect union”—the two sides compromised on this immediate issue of how to count slaves in the new nation. Pragmatic half-victories kept in view the higher aspiration of drawing the country more closely together.
Some might suggest that the constitutional compromise reached for the lowest common denominator—for the barest minimum value on which both sides could agree. I rather think something different happened. Both sides found a way to temper ideology and continue working toward the highest aspiration they both shared—the aspiration to form a more perfect union. They set their sights higher, not lower, in order to identify their common goal and keep moving toward it.
So under Wagner’s formulation, one of the basest and demeaning political deals of American history, if not the basest, is an example of working toward a “highest aspiration.” Counting slaves as three-fifths of a person becomes an example of American politicians setting their sights high!
Wagner is no history professor…his specialty is Electrical Engineering. I’ve got a couple of takes on Wagner’s position:
Wagner’s invocation of the agreement as a “lesson of our forebears” was immediately criticized on social media on Saturday; Salon also called “shockingly horrible” ; and Gawker suggested that same day that The Affordable Care Act, the Voting Rights Act, or “Do all homework, you get to watch The Simpsons” would have been more appropriate examples of political compromise.
As stated in Article 1, Section 2, Paragraph 3 of the U.S. Constitution, the agreement mandated that, “Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.”
The agreement was abandoned after the abolition of slavery, as mandated by the 13th Amendment.
The White House is circulating a draft immigration bill that would create a new visa for illegal immigrants living in the United States and allow them to become legal permanent residents within eight years, according to a report published online Saturday by USA Today.President Barack Obama’s bill would create a “Lawful Prospective Immigrant” visa for the estimated 11 million illegal immigrants living in the United States. The bill includes more security funding and requires business owners to adopt a system for verifying the immigration status of new hires within four years, the newspaper said.
USA Today reported that the bill would require that immigrants pass a criminal background check, submit biometric information and pay fees to qualify for the new visa. Immigrants who served more than a year in prison for a criminal conviction or were convicted of three or more crimes and were sentenced to a total of 90 days in jail would not be eligible. Crimes committed in other countries that would bar immigrants from legally entering the country would also be ineligible.
Those immigrants who pass the requirements can apply for a visa, and work on getting their green card within eight years.
107 House Democrats, a majority of Democrats in the House of Representatives, wrote President Obama today, urging him to reject any proposals to cut benefits millions of American families depend upon through Medicare, Medicaid and Social Security. The letter was led by Rep. Jan Schakowsky (D-IL),Congressional Progressive Caucus Co-Chairs Reps. Keith Ellison (D-MN) and Raúl M. Grijalva (D-AZ), Rep. John Conyers (D-MI), and Rep Donna Edwards (D-MD).
The Members specifically singled out “Chained CPI”—a proposal to reduce Social Security benefits by changing the way inflation is calculated—and raising the Medicare retirement age as policies they oppose.
“A commitment to keeping the middle-class strong and reducing poverty requires a commitment to keeping Social Security, Medicare and Medicaid strong,” the Members said in the letter. “We urge you to reject any proposals to cut benefits, and we look forward to working with you to enact approaches that instead rely on economic growth and more fair revenue-raising policies to solve our fiscal problems.”
Full letter to Obama can be found at the above link. At least someone is making a case for their constituents…
A Kansas City-area man was arrested Saturday in the killings of two prostitutes whose bodies were found posed on the sides of rural Missouri roads nearly a year apart.
At a news conference Saturday night, authorities said Derek Richardson, 27, has been charged with two counts of first-degree murder and two counts of abandonment of a corpse. His bail is set at $2 million. It wasn’t immediately known whether he has an attorney.
“We absolutely stopped a person who was going to kill again,” said Kansas City police Sgt. Doug Niemeier, adding that authorities will search across the United States to ensure there weren’t other victims.
Police say they know Richardson has traveled around the US, they are now investigating other crimes that may be connected.
People in a small Japanese fishing port that was devastated by the 2011 tsunami have been receiving gold bars in the post from an anonymous benefactor.
Packages containing gold bars started turning up in Ishinomaki, in Miyagi prefecture, about 10 days ago.
For decades, scientists have been on the lookout for killer objects from outer space that could devastate the planet. But warnings that they lacked the tools to detect the most serious threats were largely ignored, even as skeptics mocked the worriers as Chicken Littles.
Well, the sky was literally falling in the outskirts of the Ural Mountains…
No more. The meteor that rattled Siberia on Friday, injuring hundreds of people and traumatizing thousands, has suddenly brought new life to efforts to deploy adequate detection tools, in particular a space telescope that would scan the solar system for dangers.
A group of young Silicon Valley entrepreneurs who helped build thriving companies like eBay, Google and Facebook has already put millions of dollars into the effort and saw Friday’s shock wave as a turning point in raising hundreds of millions more.
“Wouldn’t it be silly if we got wiped out because we weren’t looking?” said Edward Lu, a former NASA astronaut and Google executive who leads the detection effort. “This is a wake-up call from space. We’ve got to pay attention to what’s out there.”
Hot rocks falling from the heavens are not the only thing out there in the darkness of space, there is a cloud bursting with color relatively near us that holds something dark indeed. Cotton Candy Cloud Hides Baby Black Hole
Composite image of supernova remnant W49B
This looks like the explosion of a cotton candy Death Star (run by evil space clowns, perhaps?) but it is the remains of a star’s death. This colorful cloud is a supernova remnant, seen in infrared, radio, and x-ray light… and at its center may hide one of the galaxy’s youngest black holes.
Located 26,000 light-years away in the northern constellation Aquila, W49B is a snapshot of the shockwaves from a star that went supernova an estimated 1,000 years ago (not including the time it took for its light to reach us). Several observation methods and instruments were used to create the technicolor image above – X-rays from NASA’s Chandra X-ray Observatory shown in blue and green, radio data from the National Science Foundation’s Very Large Array in pink, and infrared and optical data from the Palomar Observatory in orange and yellow — but put all together, one feature becomes glaringly obvious.
This thing is a mess.
Typically supernova remnants have a roughly circular or shell-like shape, generally seen as a ring of bright material surrounding the dense burnt-out core of a star. The ring is bright because it’s composed of interstellar gas and dust that’s being violently ionized by the spreading force of the supernova. Ionized material gives off many forms of radiation, detectable in various wavelengths by observatories on the ground as well as in space.
W49B isn’t a ring, though. It’s a sloppy barrel shape that indicates an uneven, asymmetrical eruption, hinting that the original star didn’t go peacefully into this good night.
That Discover article calls this star corpse a black hole, and if that turns out to be the case,
…would be the galaxy’s newest black hole — at least as far as what’s been discovered so far. A mere thousand years old, an alleged black hole at the heart of W49B would have just been born in the night sky around the same time that Vikings were first setting foot on North American shores.
If you did not take a look at that video, stop reading this post and click the play button. That is just a taste of what is coming up this week on Discovery!
On Sunday evening, Shark Week kicked off its 25th annual TV marathon devoted to the world’s deadliest creatures. Which means that for the next six nights, Americans will be able to marvel, shudder, and peek between their fingers at what Shark Week’s executive producer Brooke Runnette calls one of the last wild things—maybe the last truly wild thing—on the planet.
Every summer since 1988, the little educational-programming week that could has drawn in massive audiences, hitting 29 million viewers in 2008 and close to 30 million last year. But at its humble beginnings, Shark Week was just a shadowy, elusive idea, lurking in the wet depths of the Discovery Channel creators’ imaginations.
This was a big deal back when it started airing on TV. We never had cable when I was a teenager, so I missed out on the MTV craze and of course Shark Week. From the look of that video, things have come a long way from those under water shots in a cage.
The news is likely to raise the ire of the political left and right, both of which have highlighted one of the most inconvenient facts of Attorney General Eric Holder’s Justice Department: despite the Obama administration’s promises to clean up Wall Street in the wake of America’s worst financial crisis, there has not been a single criminal charge filed by the federal government against any top executive of the elite financial institutions.
“I draws what I like and I like what I drew!” sings Bert, the affable sidewalk artist in Disney’s Mary Poppins. He doesn’t know how easy he’s got it. If Bert lived in one of a dozen American cities, his colorful chalk drawings of boats and circus animals could very well land him in jail.
Take the recent example of Susan Mortensen, 29-year-old mom in Richmond, Virginia. In March, Mortensen was arrested for allowing her four-year-old daughter to draw on rocks at a local park with sidewalk chalk. This month a judge sentenced her to 50 hours of community service helping to strip and repaint 200 boundary posts on a bridge. Mortensen told a local TV station that her daughter is now “very nervous around cops” and “very scared of chalk.”
That’s not all. One week ago in Doylestown, Pennsylvania, police cited two teenagers for decorating a street with chalk renditions of a whale and a sea turtle. The kids must now appear in court and pay a fine to be determined by a district judge. James Donnelly, Doylestown’s police chief, told a local newspaper that the chalking was “an attempt at vandalism” that could lead to the use of more permanent materials.
Chalk. The gateway art supply.
It has me speechless. And then you have the kind of criminals that Paul Ryan would like to see burned at the stake.
Now that Mitt Romney has chosen Wisconsin Rep. Paul Ryan as his running mate, Ryan’s long history as a culture warrior is getting a fresh look. Women’s groups have already honed in on his extreme anti-abortion record, which consistently has earned him a 100 percent voting approval rating from the National Right to Life Committee.
What isn’t so well known about Ryan’s record, though, is that one piece of legislation he supported is so extreme that it would have turned Romney’s children into criminals.
The Sanctity of Human Life Act, which Ryan co-sponsored, would have enshrined the notion that life begins at fertilization in federal law, thus criminalizing in vitro fertilization—the process of creating an embryo outside of a woman’s womb. In IVF, doctors typically create multiple embryos and then only implant the healthiest ones in the woman. Some of them stick and become babies, and some don’t. The embryos that don’t make it to the womb are either frozen for later use or destroyed. The Sanctity of Human Life Act, if passed, would make all those embryos “people” in the legal sense, so if they aren’t used or don’t become babies after being implanted, they would essentially become murder victims under the law.
Geez, what is next…life begins at arousal?
Of course, everyone is talking about the Ryan Budget, except for Ryan:
The Romney campaign is willing to discuss its proposals on taxes “in the light of day,” vice presidential candidate Paul Ryan said Tuesday evening — just not until after the election.
Multiple tax policy analysts have concluded that Mitt Romney’s tax plan — to close loopholes and reduce taxes for the wealthy — means higher taxes for most people in order for the math to work. Brit Hume of Fox News asked Ryan to counter that charge. “What we’re saying is get rid of special interest loopholes and deductions that are uniquely enjoyed by the wealthy to lower the tax rates for everybody,” Ryan said.
But lowering middle-class tax rates, if coupled with eliminating key deductions, could lead to an effective tax increase, the cornerstone of the analyses of Romney’s tax plan. Hume pressed for specifics.
“That is something that we think we should do in the light of day, through Congress,” Ryan told Hume, promising to “have a process for tax reform so that we do this in the front of the public. So no, the point I’m trying to say is, we want feedback from Americans about what priorities in the tax code should be kept, and what special interest loopholes we want to get rid of.”
One of the “loopholes” that costs the IRS the most money is the mortgage interest deduction. Another relates to municipal bonds. Hume asked Ryan if either would be on the chopping block. Ryan refused to say.
Sister Simone Campbell, a Catholic nun and executive director of NETWORK, on Monday blasted Republican vice presidential candidate Rep. Paul Ryan (R-WI) over his budget plan.
“It’s totally antithetical to either scripture or sanity,” she told Current TV host Eliot Spitzer. “We know the saying that if you want to keep doing the same thing over and over but expect a different result it is insanity. This idea that giving more tax cuts will create jobs, it hasn’t been true for the last ten years, it won’t work now. Really, the way to create or stimulate this economy is to shift money to where there is pent up demand… Where there is pent up demand is not at the top, it is at the bottom.”
Campbell said NETWORK had worked with Jewish, Muslim and Christian groups to develop a “faithful budget” as an alternative to Ryan’s budget plan.
“A number of organizations, including Bread for the World, has never had a position of taxes before, but has taken a position in favor of increasing revenue” rather that slashing spending on domestic programs, she explained.
More Washington insiders are coming to the conclusion that Israel’s leaders are planning to attack Iran before the U.S. election in November in the expectation that American forces will be drawn in. There is widespread recognition that, without U.S. military involvement, an Israeli attack would be highly risky and, at best, only marginally successful.
It sort of puts that Romney trip to Israel in a new light.
For Netanyahu, the President’s perceived need to outdistance Republican presidential candidate Mitt Romney in the love-for-Israel department puts Obama in a box. This, I believe, is the key “window of opportunity” that is uppermost in Netanyahu’s calculations.
Virtually precluded, in Netanyahu’s view, is any possibility that Obama could keep U.S. military forces on the sidelines if Israel and Iran became embroiled in serious hostilities. What I believe the Israeli leader worries most about is the possibility that a second-term Obama would feel much freer not to commit U.S. forces on Israel’s side. A second-term Obama also might use U.S. leverage to force Israeli concessions on thorny issues relating to Palestine.
If preventing Obama from getting that second term is also part of Netanyahu’s calculation, then he also surely knows that even a minor dustup with Iran, whether it escalates or not, would drive up the price of gasoline just before the election — an unwelcome prospect for Team Obama.
It’s obvious that hard-line Israeli leaders would much rather have Mitt Romney to deal with for the next four.
It is a rather long article…so bookmark it if you don’t have time to read it all now.
Please try to catch some of these games, it is amazing to see the boys play ball. (I wonder if I am the only one who was disappointed that Baseball is no longer an Olympic sport.) So what are you all thinking about and reading today?
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Wow, what a busy 24 hours it has been. I don’t know about you all, but my PAD (Political Affected Disorder) has been kicked into high gear. I mean, in a Ryan world, that WPA poster would say, Lack of Funds…Fuck off…you’re on your own, no need for medical care, just die already!
The thought of a Romney/Ryan presidency scares the bejebees out of me! It is frightening though, all that talk of Obama, the Socialist Kenyan Fascist Dictator, bringing on the end of the world…and this is what these nuts are pushing on us? A lying unlikable jerk robot and his Munster asshole “intellectual” cough…cough…
The tax plan proposed by Rep. Paul Ryan (Wis.), the newly minted GOP vice presidential candidate, would have slashed Mitt Romney’s effective tax rate to about 1 percent in 2010, based on Romney’s tax return that year, according to a Roll Call analysis.
The Ryan tax cut, which would shave about 90 percent off of Romney’s tax bill, would result from the Wisconsin Republican’s “Roadmap for America’s Future” proposal to eliminate taxes on capital gains, dividends and interest. Since about 95 percent of Romney’s $21.6 million income came from those sources in 2010, he would pay no taxes on the vast majority of his earnings. It’s not certain exactly how low Romney’s tax bill would go, but his income from other sources amounts to about $1 million, and Ryan’s plan would set a new top rate of 25 percent. Romney’s total tax bill would have dropped from the $3 million that he paid to a few hundred thousand dollars if Ryan’s plan had been in effect.
Ryan also proposes eliminating the estate tax, which would benefit Romney’s heirs by tens of millions of dollars.
Ryan’s “Roadmap” plan on his website says eliminating taxes on capital gains, interest and dividends would promote savings.
And speaking of Ryan Budget, take a few minutes to check out Nuns on the Bus…because I am sure they are going to be one of the groups to watch now that the coward, who refused to meet with these Nuns on a Mission, has been picked as Romney’s VP.
This is probably the least important Presidential election since the 1950s. As an experienced political hand told me, the two candidates are speaking not to the voters, but to the big money. They hold the same views, pursue the same policies, and are backed by similar interests. Mitt Romney implemented Obamacare in Massachusetts, or Obama implemented Romneycare nationally. Both are pro-choice or anti-choice as political needs change, both tend to be hawkish on foreign policy, both favor tax cuts for businesses, and both believe deeply in a corrupt technocratic establishment.
So while the election lumbers on like the death rattles of the wounded animal known American democracy, no one on either side is asking what the plan is for the next term. For Obama, his team is going into rooms of donors and shouting “Supreme Court”, while mumbling something about bipartisanship and $4 trillion, or Simpson-Bowles. What this means is that term two of the Obama White House will be organized around cutting entitlements.
The White House already tried cutting all three main entitlement programs, last year (cuts to Medicaid are actually cuts to Obamacare, for what it’s worth, since an expansion of Medicaid was a key plank of the new health care law).
Read the rest…it is quite upsetting.
In fact, I am going to move away from Romney and Obama, and bring you some stories you may have missed during all the hubbub.
Guilt has nothing to do with punishment — that is, as long as you’re not a Wall Street banker. In Arizona, if you “look” foreign, that’s enough to put you in jail indefinitely, without bail – even after you produce your birth certificate:
Recently, the Maricopa County Attorney’s Office alleged Briseira Torres, a shy, 31-year-old single mom from Glendale, was here illegally and that Briseira Torres was not her real name.
She was accused of three counts of forgery, in part because her driver’s license had her real name on it, which the MCAO thought was bogus. Following her arrest, she was held without bond in Estrella Jail for 4 1/2 months.
Torres lost her home and car because she couldn’t make the payments as she endured Estrella’s harsh conditions, lousy food, and detention officers.
Bold emphasis is Susie Madrak’s not mine,
In the pile of paperwork they provided to the court, to the prosecutor, and to U.S. Immigration and Customs Enforcement was a silver bullet: a sworn statement from Arizona’s Office of Vital Records attesting to the legitimacy of documents on file for Torres.
Among these docs is Torres’ birth certificate, showing she was born August 14, 1981, in Avondale.
Salvatierra asked the court to remand the case back to the grand jury.
Judge Carolyn Passamonte did just this, noting in her minute entry that Torres’ long-form birth certificate was “clearly exculpatory evidence that should have been presented to the grand jury.”
The judge remarked that the documents on file with Vital Records had been “available to the state,” and in oral arguments, the prosecutor had to admit that he’d never bothered to pull the file and inspect it.
Can you believe this crap? As Susie says,
…her legal birth certificate was right there, the whole time of her incarceration. A cop with a bug up his butt decided to act as if it didn’t exist. If only her name was Goldman Sachs!
The U.S. Department of Justice has accused officials in Lauderdale County, Mississippi of running ‘a school-to-prison’ pipeline that jails juveniles for even minor school disciplinary problems.
A letter sent by the civil rights division on Friday charges that the Lauderdale County Youth Court, the Meridian Police Department, and the Mississippi Division of Youth Services have been violating the constitutional rights of children in Lauderdale County and the City of Meridian.
According to the letter, an investigation launched last December revealed that “the agencies have helped to operate a school-to-prison pipeline whereby children arrested in local schools become entangled in a cycle of incarceration without substantive and procedural protections required by the U.S. Constitution. The department’s findings show that children in Lauderdale County have been routinely and repeatedly incarcerated for allegedly committing school disciplinary infractions and are punished disproportionately, without constitutionally required procedural safeguards. Children have also been arrested at school for offenses as minor as defiance.”
“Furthermore,” it continues, “children on probation are routinely arrested and incarcerated for allegedly violating their probation by committing minor school infractions, such as dress code violations, which result in suspensions. The department’s investigation showed that students most affected by this system are African-American children and children with disabilities.”
Meridian is known for the murders of three civil rights workers, back in 1964, aka “the Mississippi Burning” case.
In 2009 the Southern Poverty Law Center brought a class-action lawsuit against the Lauderdale County Juvenile Detention Facility, accusing it of keeping youths “crammed into small, filthy cells and tormented with the arbitrary use of Mace as a punishment for even the most minor infractions — such as ‘talking too much’ or failing to sit in the ‘back of their cells.’”
An agreement was reached at that time to reform the jail system and consider alternative methods of handling school disciplinary issues, but problems have continued in what an SPLC representative now calls “a broken system.”
The Justice Department letter cites a pattern of unconstitutional conduct that includes both failure to assess probable cause before arresting school children and failure to provide proper due process with regard to alleged probation violations.
A few weeks after the Justice Department investigation began last winter, Lauderdale County took steps to shut down its juvenile detention center and send youthful offenders instead to a neighboring county. That action was apparently considered inadequate, and officials are now being told they must enter into “meaningful negotiations” to end the violations within sixty days or face a federal lawsuit.
That is disturbing, I know, and I don’t want to end on a bad note, I mean it is Sunday…and since we started out mentioning the Nuns on the Bus, let’s end with a story about another activist nun.
Sister Megan Rice, 82, is one of three people arrested in a break-in at a nuclear complex in Oak Ridge, Tenn.
She has been arrested 40 or 50 times for acts of civil disobedience and once served six months in prison. In the Nevada desert, she and other peace activists knelt down to block a truck rumbling across the government’s nuclear test site, prompting the authorities to take her into custody.
She gained so much attention that the Energy Department, which maintains the nation’s nuclear arsenal, helped pay for an oral history in which she described her upbringing and the development of her antinuclear views.
Now, Sister Megan Rice, 82, a Roman Catholic nun of the Society of the Holy Child Jesus, and two male accomplices have carried out what nuclear experts call the biggest security breach in the history of the nation’s atomic complex, making their way to the inner sanctum of the site where the United States keeps crucial nuclear bomb parts and fuel.
“Deadly force is authorized,” signs there read. “Halt!” Images of skulls emphasize the lethal danger.
I’ll tell you one thing…I see an Michael Bay action film in this story.
With flashlights and bolt cutters, the three pacifists defied barbed wire as well as armed guards, video cameras and motion sensors at the Oak Ridge nuclear reservation in Tennessee early on July 28, a Saturday. They splashed blood on the Highly Enriched Uranium Materials Facility — a new windowless, half-billion-dollar plant encircled by enormous guard towers — and hung banners outside its walls.
“Swords into plowshares,” read one, quoting the Book of Isaiah. “Spears into pruning hooks.” The plant holds the nation’s main supply of highly enriched uranium, enough for thousands of nuclear weapons.
The actions of Sister Rice, a New York native who grew up on a prosperous block in Morningside Heights, and her companions, ages 57 and 63, are a huge embarrassment for President Obama. Since 2010, he has led a campaign to eliminate or lock down nuclear materials as a way to fight atomic terrorism. Now, the three — two of whom, including Sister Rice, are free and are awaiting trial in October — have made nuclear theft seem only a little more challenging than a romp in the Tennessee woods.
In interviews this week, Sister Rice discussed her life — somewhat reluctantly at times — and kept emphasizing what she called “the issue.”
You need to read the rest of the story…but isn’t she wonderful?
Can you imagine who would play Sister Rice and her two male accomplices? I see Diana Rigg as Sister Rice, of course with her Avengers background, it will be a spectacular performance. As for the men, one of them has to be Bruce Willis and the other must be Samuel L Jackson. I can just hear the catch phrase as it trickles off of Jackson’s tongue, “Bless this, muthafukkaz…”
Have a wonderful day and please share what are you all reading about this fine Sunday morning?
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I thought it was rather courageous of Smith to go public with his moral concerns about the Goldman “culture.” But quite a few writers are mocking him for it. For example, Sara Ball put up a post at Vanity Fair called Why I Am Leaving Pinkberry. She bills it as “parody,” but what’s her point. I don’t even think her piece qualifies as satire. Here’s a bit of it:
TODAY is my last day at the Turtle Bay-area branch of Pinkberry—you know, the one on 54th Street between 2nd and 3rd? After almost 13 months with this company—at first as a summer job while at U.S.C., then in apprenticeships at New York’s Columbus Circle and Bleecker St. branches—I believe I have worked here long enough to understand the trajectory of its culture, its personnel, and its flavor inventory. And I can honestly say today that I am really sick of frozen yogurt.
To put the problem in the simplest terms, the interest of our customers continue to be sidelined in the way we, the firm, think about making money. Day in and day out, we are so worried about the line building up, we don’t even ask people how they’re doing anymore. You can forget about spelling their name correctly on the order label. And these customer-service problems will only get worse if this unseasonably warm weather keeps up. Sometimes, in the back room, I’ve heard my colleagues call our patrons “polar bears”—since they get hungrier and sadder as the sky gets sunnier, their yogurt melting out from underneath them.
It isn’t even slightly funny. Goldman Sachs played a huge role in global financial crisis and is almost single=handedly responsible for the ongoing nightmare in Greece. Here’s another parody that makes a bit more sense in light of the evil that Goldman has perpetrated: Why I Am Leaving the Empire, by Darth Vader.
The resignation will have an effect on Goldman’s business. The firm’s share price opened this morning at 124.52; it’s down to 120.72 as of this writing (it dropped two percent while I was writing this blog), and it will probably dive further. Why? Because you can stack all the exposés on Goldman you want by degenerates like me and the McClatchy group, and you can even have a Senate subcommittee call for your executives to be tried for perjury, but that doesn’t necessarily move the Street.
But when one of the firm’s own partners is saying out loud that his company liked to “rip the eyeballs out” of “muppets” like you, then you start to wonder if maybe this firm is the best choice for managing your money. Hence we see headlines this morning like this item from Forbes.com: “Greg Smith Quits, Should Clients Fire Goldman Sachs?”
Of course Goldman immediately set out to smear their former partner, Greg Smith, with the help of the Wall Street Journal, as Taibbi notes. I wouldn’t be surprised if those “parodies” were part of Goldman’s smear tactics.
As I suspected, the soldier who recently committed mass murder in Afghanistan had previously suffered traumatic brain injury. He may also have PTSD, as do many veterans of Afghanistan and Iraq (and Vietnam).
The U.S. Army staff sergeant who allegedly murdered 16 Afghan civilians in a dead-of-night spasm of shooting, stabbing and fire-setting is reported to have suffered a traumatic brain injury during a deployment to Iraq in 2010….
Research on traumatic brain injury has established a clear link between brain trauma and irritable, aggressive behavior that can be explosive, often without apparent warning or provocation. Sometimes, brain injury magnifies a victim’s longstanding tendency toward irritability, depression or hostility. Some brain traumas bring personality changes in their wake, causing even laid-back types to become irascible and impatient.
For many patients, particularly those who have sustained injury to their brain’s prefrontal cortex, the mechanisms that allow most of us to put the “brakes” on aggressive or inappropriate impulses do not function as well.
The injury happened in 2010, and yet he was deployed to another combat zone! Why? Because the military doesn’t want a draft army. Because then they’d have to deal with the kinds of protests that happened during the Vietnam nightmare. They want a “professional” army, and since they can’t find as much cannon fodder as they’d like, they send the same people back again and again into combat. It’s a perfect recipe for creating psychological disorders that, if not addresed, may lead people to act out violently. Read more at Danger Room, here and here. Joseph Cannon also has published a useful comment from one of his readers on this subject.
The Army staff sergeant accused in Sunday’s shooting served three deployments to Iraq before he was sent to Afghanistan last year. The soldier, whose name has not been disclosed publicly, was treated for a traumatic brain injury suffered in a vehicle rollover in 2010 in Iraq, according to a U.S. official.
Representative Bill Pascrell, founder of a U.S. congressional task force on brain injuries, wrote to Defense Secretary Leon Panetta requesting details of the accused soldier’s injury, diagnosis, and when and how he was returned to combat duty.
“I am trying to find out basically whether there was a premature ‘OK’ on this guy,” Pascrell, a Democrat, said in a telephone interview.
“This is not to excuse any heinous acts; we are all sickened by it. But dammit, we all have an obligation to prevent these things,” Pascrell said. “If this soldier fell through the cracks, does that mean that others have?
Good questions! And very good reasons to get our troops out of Afghanistan ASAP. This country will be paying for these wars for a generation. Many Iraq and Afghanistan veterans, like Vietnam veterans before them, will act out their psychological problems back here through suicide, murder, child abuse, spouse abuse, alcoholism and drug addiction. I’d love to go down to Congress and explain that these are human beings, not cannon fodder. End these endless wars!!
I’ve been meaning to mention another post by Joseph Cannon. I suppose everyone has read it by now, but I haven’t seen any discussion of it at Sky Dancing. In a post about several topics, Cannon linked to an article speculating on the surprising death of Andrew Breitbart.
The Fix wonders why the corporate media has so zealously avoided asking the obvious questions about Breitbart’s death. What drugs was he using? I began to suspect something fishy as soon as I heard that the family was emphasizing that the death was from “natural causes.” Later Breitbart’s father-in-law, actor Orson Bean said it was assumed to be a heart attack. But how many 43-year-old men die from heart attacks? After the autopsy, no cause of death was announced, pending toxicology tests. If Breitbart had a heart attack, why didn’t they report damage to the heart? Or maybe they want to learn whether a drug caused a heart attack. Anyway, go read the article. It’s very interesting.
Apparently Breitbart suffered from ADHD and probably was taking Adderall, an amphetamine (speed). He had confessed to heavy drinking and cocaine use in college, and he was reportedly still a heavy drinker who often seemed to to lose control. I for one will be very interested to learn the results of those toxicology tests.
A 16-year-old Moroccan girl has committed suicide after a judge ordered her to marry her rapist, according to Moroccan media reports.
Last year Amina’s parents filed charges against their daughter’s rapist, a man 10 years older than her but it was only recently that a judge in the northern city of Tangier decided that instead of punishing him, the two must be married.
The court’s decision to forcibly marry Amina to her rapist was supposed to “resolve” the damage of sexual violation against her, but it led to more suffering in the unwelcoming home of her rapist/husband’s family.
Traumatized by the painful experience of rape, Amina decided to end her life by consuming rat poison in the house of her husband’s family, according to the Moroccan daily al-Massae.
SANTORUM: Well, you can make the argument that if she doesn’t have this baby, if she kills her child, that that, too, could ruin her life. And this is not an easy choice. I understand that. As horrible as the way that that son or daughter and son was created, it still is her child. And whether she has that child or doesn’t, it will always be her child. And she will always know that. And so to embrace her and to love her and to support her and get her through this very difficult time, I’ve always, you know, I believe and I think the right approach is to accept this horribly created — in the sense of rape — but nevertheless a gift in a very broken way, the gift of human life, and accept what God has given to you. As you know, we have to, in lots of different aspects of our life. We have horrible things happen. I can’t think of anything more horrible. But, nevertheless, we have to make the best out of a bad situation.
I know this hasn’t been a very cheerful post, so I’ll end on a positive note. Via Raw Story, Citizens for Responsibility and Ethics in Washington (CREW) has filed a complaint with the IRS against Grover Norquist.
Washington, D.C. – Today, Citizens for Responsibility and Ethics in Washington (CREW) called for the Internal Revenue Service (IRS) to investigate whether Americans for Tax Reform (ATR) and its president Grover Norquist violated federal law by filing a tax return that left out more than half the political activity ATR conducted in 2010. ATR disclosed more than $4.2 million in independent expenditures to the Federal Election Commission (FEC), but asserted on its 2010 tax return that it spent only $1.85 million on political activities.
“Grover Norquist’s numbers just don’t add up,” said CREW Executive Director Melanie Sloan. “Americans for Tax Reform spent millions of dollars in 2010 trying to defeat candidates who disagreed with its agenda, then left most of that spending off its own tax return. Perhaps Mr. Norquist should sign a pledge that he won’t lie to the IRS about his group’s political activity.”
Tax-exempt organizations such as ATR are required to report on their annual tax returns the amount they spent on political activities. This information helps the IRS determine whether a tax-exempt organization is complying with its tax-exempt status and provides at least some transparency for groups involved in politics. Reporting inaccurate information can result in civil penalties and criminal prosecution.
I don’t know if anything will come of it, but it’s sure worth a try. Those are my reading suggestions for today. What do you recommend?
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According to research by the Center for Responsive Politics, 19 current members of Congress reported holdings in Goldman Sachs during 2010. Whether by coincidence or not, most of these 19 Goldman Sachs investors in Congress are more powerful or more wealthy than their peers, or both.
Nine of them sit on either the most powerful committee in their chamber or committees charged with regulating the Wall Street giant. Moreover, seven of them are among the 25 wealthiest members of their respective chambers, according to the Center’s research.
And of the six lawmakers who fall into neither category, two are the most influential Republicans in the U.S. House of Representatives: House Speaker John Boehner (R-Ohio) and House Majority Leader Eric Cantor (R-Va.).
Altogether, the 19 had at least $480,000 and as much as $1.1 million invested in Goldman Sachs in 2010, the most recent year personal finance data are available. That’s an average of about $812,900 for these 19 lawmakers’ holdings combined.
Lawmakers are only required to report their personal assets and liabilities in broad ranges, meaning it’s impossible to know the precise value of these holdings. The Center uses the minimum and maximum values listed on the filings to calculate an average value for each asset and liability.
But these financial interests are not a one-way street: Goldman Sachs employees and its political action committee have contributed about $124,000, combined, to a dozen of the lawmakers who reported holdings in the company in 2010, according to the Center’s research. This includes all money given during the 2010 election cycle and thus far in 2011.
So, not only do Boehner and Cantor get donations from Goldman Sachs, they are also stock holders. No wonder they want to get rid of the Volcker Rule. Looks like Paul Ryan is an investor also.
In the leadership category are names such as Boehner and Cantor, each of whom has an average $32,500 invested in Goldman.
Goldman Sachs’ employees, meanwhile, have also contributed heavily to Boehner and Cantor.
Boehner has received $29,500, and Cantor $48,000, from them since 2009, according to the Center’s research.
Other Goldman investors with this kind of power include two members of the Joint Select Committee on Deficit Reduction, better known as the debt supercommittee.
The first, Sen. Jon Kyl (R-Ariz.), reported $1,177 invested in Goldman in 2010, and, as minority whip, is the second highest ranking Republican in the Senate.
And not only is Kyl a member of the supercommittee and party leadership, he also sits on the Senate Finance Committee, which regulates Goldman Sachs and its peers on Wall Street.
Another one of Kyl’s colleagues on the supercommittee, Rep. Fred Upton (R-Mich.), is also a Goldman investor.
Upton had an average of $8,000 invested in the company in 2010, according to the Center’s research.
Rep. Paul Ryan (R-Wis.), is another influential Goldman shareholder in Congress.
Ryan reported an average of $8,000 invested in Goldman and has received $5,800 from the company’s employees so far this year after receiving $10,000 from them during the 2010 cycle, according to the Center’s research.
One of Goldman Sachs’ most valuable congressional investors is Rep. Randy Neugebauer (R-Texas), whose average of $550,000 in investments in the company is far and away the most in Congress.
Additionally Neugebauer sits on the House Financial Services Committee, which oversees Wall Street and the securities and investment industry of which Goldman is a part.
That also helps explain the $9,500 Goldman Sachs employees have contributed to Neugebauer since January 2009 through the company’s political action committee.
Rep. Gary Peters (R-Mich.) is another Goldman Sachs investor on the Financial Services committee. He has an average of $8,000 invested and has received $4,500 from the company this year from its PAC.
Can you really believe that they’re acting in our best interest when their wealth is vested in stopping GS from doing suspect things like selling lemons to clients and placing side bets that the lemons lose? I sure don’t. The Volker Rule places trading restrictions on institutions like GS. It controls the types of transactions that GS can do in its proprietary trading like the example I just gave you. They settled fraud charges in the US with the SEC and are under investigation in the UK and some of Europe. You may recall the unit and testimony before congress. The US settlement came in 2010. That’s the same year that these holdings were found by the Center for Responsive Politics.
The FSA opened its investigation into the bank in April after the SEC charged Goldman with misleading investors in a complex mortgage-backed security known as Abacus. The SEC claimed that Goldman had failed to disclose that a hedge fund that was betting against the security had selected some of the mortgage loans included in the portfolio, costing investors as much as $1bn.
Goldman, the world’s best-known investment bank, has seen its reputation tarnished in recent months as questions continue to swirl over whether it favoured the interests of some clients at the expense of others during the financial crisis.
The bank’s business model is also under pressure amid volatile markets and regulatory reforms that have forced it to shut some of its highly profitable “proprietary” trading operations.
No wonder we don’t see perp walks. These folks have skin in GS. We are so f’d.
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The Sky Dancing banner headline uses a snippet from a work by artist Tashi Mannox called 'Rainbow Study'. The work is described as a" study of typical Tibetan rainbow clouds, that feature in Thanka painting, temple decoration and silk brocades". dakinikat was immediately drawn to the image when trying to find stylized Tibetan Clouds to represent Sky Dancing. It is probably because Tashi's practice is similar to her own. His updated take on the clouds that fill the collection of traditional thankas is quite special.
You can find his work at his website by clicking on his logo below. He is also a calligraphy artist that uses important vajrayana syllables. We encourage you to visit his on line studio.
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