Friday Reads: It’s up to you New York! New York!!

NewYorkCityTimesSqaure1940svintagephotorainGood Morning!

Well, I’ve just about had it with the 2016 primary season.  I’m thankful that the most no nonsense city in the country and the diversity it represents is voting next.  It’s possible that both Democratic and Republican Primaries will be settled by the City that Never Sleeps and the rest of the Empire State.  Bernie will continue to be hopelessly behind. Trump will inch closer to the magic number.  The Atlantic seaboard will not be Cruz-friendly.

I’m going to start up with  part time New Yorker Paul Krugman’s column  today which adds a lot more to what BostonBoomer blogged about yesterday.  He argues that Bernie Sanders has gone “over the edge” and I agree.  Count me among the policy wonks in need of a neck brace after reading and listening to what passes as policy initiatives from the Sanders Campaign.  The Bernie Manifesto is nothing more than a misinformed, mislabeled and supremely dated ideological rant.  He’d probably fit in well with Angela Merkel’s party–if you really would like to pigeonhole him– which is Germany’s right of center party.

Also, count me as a yuggggge donor to whatever authentic Democrat primaries his damn ass for his Senate seat next time up. I’ve had it with him. His misinformed cult needs to quit defending him when he’s being indefensible.

From the beginning, many and probably most liberal policy wonks were skeptical about Bernie Sanders. On many major issues — including the signature issues of his campaign, especially financial reform — he seemed to go for easy slogans over hard thinking. And his political theory of change, his waving away of limits, seemed utterly unrealistic.

Some Sanders supporters responded angrily when these concerns were raised, immediately accusing anyone expressing doubts about their hero of being corrupt if not actually criminal. But intolerance and cultishness from some of a candidate’s supporters are one thing; what about the candidate himself?

Unfortunately, in the past few days the answer has become all too clear: Mr. Sanders is starting to sound like his worst followers. Bernie is becoming a Bernie Bro.

Let me illustrate the point about issues by talking about bank reform.

The easy slogan here is “Break up the big banks.” It’s obvious why this slogan is appealing from a political point of view: Wall Street supplies an excellent cast of villains. But were big banks really at the heart of the financial crisis, and would breaking them up protect us from future crises?

Many analysts concluded years ago that the answers to both questions were no. Predatory lending was largely carried out by smaller, non-Wall Street institutions like Countrywide Financial; the crisis itself was centered not on big banks but on “shadow banks” like Lehman Brothers that weren’t necessarily that big. And the financial reform that President Obama signed in 2010 made a real effort to address these problems. It could and should be made stronger, but pounding the table about big banks misses the point.

Yet going on about big banks is pretty much all Mr. Sanders has done. On the rare occasions on which he was asked for more detail, he didn’t seem to have anything more to offer. And this absence of substance beyond the slogans seems to be true of his positions across the board.

You could argue that policy details are unimportant as long as a politician has the right values and character. As it happens, I don’t agree. For one thing, a politician’s policy specifics are often a very important clue to his or her true character — I warned about George W. Bush’s mendacity back when most journalists were still portraying him as a bluff, honest fellow, because I actually looked at his tax proposals. For another, I consider a commitment to facing hard choices as opposed to taking the easy way out an important value in itself.

But in any case, the way Mr. Sanders is now campaigning raises serious character and values issues.

Serious character issues is right. I’ve listen to just about enough if his moralizing, creating one set of rules for himself and one set of rules for vintage-historic-new-york-city-black-white-in-1927-24every one else, and his total disconnect from truthiness.   Evidently in Sanders addled mind, telling a reporter that it’s up to the voters to decide if he’s qualified for the job is akin to saying he’s not.  He doubled down on the nonsense today. He deserves the Bronx cheer that Cruz got while touring the city. Clinton has been baited by the press for two days straight to answer the question on Sanders qualifications after his disastrous NYDN interview. She’s skirted the question each time.

Sanders continued to blame Clinton for going on the attack and said he has simply been defending himself. And while he expressed regret for the tenor of the campaign over the previous 24 hours and said the acrimony will make it harder for Democrats to unite in the fall, he also said he does not regret his own statements.

“When somebody says that I am unqualified to be president and gives her reasoning,” Sanders said, “I think it is totally appropriate for me to respond as to why I think she may not be qualified as well. And that has to do with her views and her actions on a number of the major issues facing this country, and the way she’s run this campaign in terms of how she’s raised her money.”

Clinton had raised questions in a television interview about whether Sanders was prepared to be president, but she repeatedly stopped short of saying he was unqualified.

Some Democrats are worried about potentially longer-term fallout of an increasingly personal conflict between Sanders and Clinton. Most of those Democrats are Clinton supporters who view her eventual nomination as inevitable despite the drawn-out nomination battle with Sanders. And most blame him for the ugliness.

This is typical Bernie.  He never absorbs new information that I can tell.  Once he’s mind is made up on something–correct or incorrect–he 1309440-bigthumbnailappears to shut down. How on earth can anyone think that some one with that much of a closed, nonadaptive mind can be in an executive position where quick thinking on new information means life or death for large swaths of people at many points in time?

He’s totally uniformed about Banking and about Trade and those are his two signature issues. They’re his only freaking talking points and he sees no daylight between reality and the dark penances that reside only in his brain. Break up all big banks! Shutdown all trade agreements!

Now there’s this story. Sanders will leave New York to travel to–of all places--the Vatican where the world will be treated to a typical Bernie Rant/Lecture on “the moral economy”.

Sen. Bernie Sanders (I-VT) has been invited to the Vatican on how to create “a moral economy,” he announced Friday morning.

“I was moved by the invitation, which was just made public today,” Sanders said during an interview on MSNBC’s “Morning Joe.” “I’m a big, big fan of the Pope. Obviously there are areas where we disagree on—women’s rights or gay rights—but he has played an unbelievable role, an unbelievable role of injecting a moral consequence into the economy.”

The Washington Post reported Sanders will head to Rome after his debate against Hillary Clinton on April 14. He is scheduled to speak at the Pontifical Academy of Social Sciences.

If you think Sanders is radical, read Pope Francis on poverty, Sanders said.

“He’s trying to inject a sense of morality into how we do economics,” he said.

So, how many times have you ever heard of the Vatican or a Pope doing that kind of invitation to a gadfly Senator running for President while attacking the most likely future President?  Yea, I didn’t think so.  So, get this from the Vatican:  “Sanders Accused of ‘Discourtesy’ in Seeking Vatican Invitation.”

A senior Vatican official accused Democratic presidential candidate Bernie Sanders of showing a “monumental discourtesy” in his lobbying for an invitation to a church-sponsored conference on economic and environmental issues for political purposes.

Sanders, whose foreign policy experience is under attack by rival Hillary Clinton, on Friday said he was “very excited” about being invited to the meeting hosted by a pontifical academy. It will put him at the seat of the Roman Catholic Church just four days before the New York primary.

The head of the academy said Friday that Sanders sought the invitation and that put an inappropriate political cast on the gathering.

“Sanders made the first move, for the obvious reasons,” Margaret Archer, president of the Pontifical Academy of Social Sciences, which is hosting the conference Sanders will attend, said in a telephone interview. “I think in a sense he may be going for the Catholic vote but this is not the Catholic vote and he should remember that and act accordingly — not that he will.”

Sanders’s travel to the Vatican following a debate with Clinton and just before the primary potentially injects into the Democratic nominating contest the agenda of Pope Francis, one of the most popular world leaders whose papacy is especially admired by the political progressives who play an outsized role in Democratic primaries. Archer’s response plays into criticism by Clinton of Sanders’s inexperience in diplomacy and dealing with foreign institutions, a central role of the U.S. president.

01093-2So, Bernie is now going to be an unwanted house guest who horned himself into an invitation.  Not only will he be an unwanted house guest, he’ll be one that demanded a chance to finger wag at the world. Basically, the #‎Vatican‬ now says ‪#‎Bernie‬ invited himself while Sanders says he was invited. They also characterized him as rude.

“Sanders cast a political shadow over a nonpolitical event by being pushy in requesting an invitation”

Only a huge ego with an overwhelming amount of  gall can explain this kind of rude, ill-mannered and inconsiderate behavior. Who said that Trump was the only egomaniac in the race.

The only weirder event of the day was Bill Clinton’s exchange with BLM protesters in Philadelphia which came off directly opposed to Hillary’s position and will take tremendous ‘splaining.  It seems his need to protect his legacy overwhelmed his concern for anything else including coming off as insensitive, racist and contrary to Hillary’s interests.

In a prolonged exchange Thursday afternoon, former President Bill Clinton forcefully defended his 1994 crime bill to Black Lives Matter protesters in the crowd at a Hillary Clinton campaign event.

He said the bill lowered the country’s crime rate, which benefited African-Americans, achieved bipartisan support, and diversified the police force. He then addressed a protester’s sign, saying:

“I don’t know how you would characterize the gang leaders who got 13-year-old kids hopped up on crack and sent them out onto the street to murder other African-American children,” Clinton said, addressing a protester who appeared to interrupt him repeatedly. “Maybe you thought they were good citizens …. You are defending the people who kill the lives you say matter. Tell the truth. You are defending the people who cause young people to go out and take guns.”

The Clintons have faced criticism from BLM activists and younger black voters for months now over that bill, which they say put an unfairly images (9)high number of black Americans in prison for nonviolent offenses.

After a protester interrupted him repeatedly, Bill Clinton began to take on that critique directly, making the claim that his crime bill was being given a bad rap.

“Here’s what happened,” Clinton said. “Let’s just tell the whole story.”

“I had an assault weapons ban in it [the crime bill]. I had money for inner-city kids, for out of school activities. We had 110,000 police officers so we could keep people on the street, not in these military vehicles, and the police would look like the people they were policing. We did all that. And [Joe] Biden [then senator and chair of the Senate Judiciary Committee] said, you can’t pass this bill, the Republicans will kill it, if you don’t put more sentencing in it.”

“I talked to a lot of African-American groups,” Clinton continued. “They thought black lives matter. They said take this bill, because our kids are being shot in the street by gangs. We have 13-year-old kids planning their own funerals.”

Throughout the spirited defense of his policy, Clinton continued to be interrupted, and he repeatedly seemed to single out one protester.

“She doesn’t wanna hear any of that,” Clinton said to the protester. “You know what else she doesn’t want to hear? Because of that bill, we have a 25-year low in crime, a 33-year low in murder rate. And because of that and the background check law, we had a 46-year low in the deaths of people by gun violence, and who do you think those lives were? That mattered? Whose lives were saved that mattered?”

For several minutes, the discussion of the crime bill, Clinton’s exchange with the protester and the crowd’s attempts to yell and chant over her were missing one thing: any mention of Hillary Clinton, the one Clinton running for president this election cycle.

Bill Clinton did finally address her. “Hillary didn’t vote for that bill, because she wasn’t in the Senate,” Clinton said. “She was spending her time trying to get health care for poor kids [referencing her advocacy for the Children’s Health Insurance Program]. Who were they? And their lives mattered. And her opponent [Bernie Sanders] did vote for it. But I don’t blame him either … There were enough Republicans in the Senate to kill this bill, and nobody wanted it to die. That’s what happened.”

“But she [Hillary Clinton] was the first candidate, the first one to say let’s get these people who did nonviolent offenses out of prison,” Clinton continued. “And guess what? A lot of Republicans agreed. They know they made a mistake.”

Still, Clinton continued for some time defending his own administration.   Twitter blew up over the situation and it will undoubtedly be a topic of conversation for a few days.

3844943266_9b5b6cc978_bDid I mention I really want New York City to put this entire thing to bed?  We’ll be live blogging the New York City debate. 

Hillary Clinton and Bernie Sanders on Monday agreed to face off in a prime-time debate in Brooklyn, New York, on April 14, five days before the state’s crucial primary.

CNN’s Wolf Blitzer will host the presidential forum, scheduled for 9 to 11 p.m. Eastern time at the Duggal Greenhouse in the Brooklyn Navy Yard. The event will be CNN’s seventh time hosting a Republican or Democratic debate during this election cycle. The agreement put to rest days of public and private back-and-forth between the two campaigns about if and when a debate would take place before New Yorkers head to the polls April 19.

I promise I will have a huge Bronx Cheer for Bernie.  I’m looking forward to him being hit on his undying love for gun manufacturers and his lack of knowledge on the actual workings of Dodd-Frank.  Please New York!  Send this man back to the most obscure part of Vermont possible. Join us!!!

One of the most interesting conspiracy theories I’m hearing discussed on TV is that the Republican establishment is getting behind Cruz because he can stop Donald from getting the magic number.  They will then dump him unceremoniously by the second vote at the convention and turn to some one like Paul Ryan or possibly Mitt Romney.  What are your thoughts on that?

What’s on your reading and blogging list today?

Here’s a soundtrack for your afternoon coffee!!

 

 

Quick update: there’s an re in the letter which means this invite was in response to a letter sent by BS.
image


Thursday Reads: Bernie Blows Up

nuclear-weapons-head-640x353

Good Afternoon!!

Desperation has set in at Camp Bernie. Let’s count the ways.

First there was his disastrous interview with The New York Daily News, in which he demonstrated that he has no idea how to enact the policies he has been campaigning on for the past year, like breaking up the banks, prosecuting Wall Street criminals, continuing the drone war, and dealing with the Israel-Palestine conflict.

Then there was his insane response to Hillary Clinton’s criticism of the lack of preparation he demonstrated in that interview. In an interview on MSNBC’s Morning Joe, Clinton said that Sanders’ poor performance showed a lack of preparation. Clinton:

“I think the interview raised a lot of really serious questions,” she said. “He’s been talking for more than a year about doing things he obviously hadn’t really studied or understood.”

“I think what he has been saying about the core issue of his whole campaign doesn’t seem to be rooted in an understanding of either the law or the practical ways you get something done,” she added. “The core of his campaign has been breaking up the banks, and it didn’t seem in reading his answers that he would understand exactly how that would work under Dodd-Frank.”

“You can’t really help people if you don’t know how to do what you are campaigning (for) and saying you want to do,” she added. “I think he hasn’t done his homework.”

320CC35F00000578-3485108-image-m-77_1457581683666

Note that Clinton did not say that Sanders is unqualified to be president, as the WaPo fact-checker wrote today. She simply noted that obvious–that he didn’t come to the interview prepared to answer questions about his own policies. But at a rally in Philadelphia yesterday, Sanders claimed that she had said he was unqualified; and he went on to baldly state that Hillary Clinton, a former First Lady, Senator, and Secretary of State who has been working to advance the goals of the Democratic Party for 40 years, is not “qualified” for the job is she running to win. MSNBC’s Danny Freeman:

Less than 24 hours after Sanders’ big win in Wisconsin, the senator from Vermont hammered Clinton for not being “qualified” to be president.

“Now the other day, I think, Secretary Clinton appeared to be getting a little bit nervous,” began Sanders in front of thousands at Philadelphia’s Temple University Wednesday night.

“And she has been saying lately that she thinks that I am, quote unquote not qualified to be president,” he said as the raucous crowd booed.

“Well let me just say in response, to Secretary Clinton, I don’t’ believe that she is qualified if she is…through her Super PAC, taking tens of millions of dollars in special interest funds,” Sanders declared.

He went on to list a number of traits disqualifying someone from being president all directed squarely at Clinton — with the crowd cheering enthusiastically after each bullet point:

“I don’t think that you are qualified if you get 15 million dollars from Wall Street through your Super PAC,” said Sanders. “I don’t think you are qualified if you have voted for the disastrous war in Iraq. I don’t think you are qualified if you’ve supported virtually every disastrous trade agreement, which has cost us millions of decent paying jobs.”

He even blamed Clinton for the “Panama Papers.”

“I don’t think that you are qualified if you supported the Panama Free Trade Agreement! Something I very strongly opposed and which, as all of you know has allowed corporations and wealthy people all over the world to avoid paying their taxes to their countries,” Sanders concluded.

In the immediate aftermath of his remarks, it remained unclear exactly when he believes Clinton called him “not qualified” to be president.

bernie_sanders_2016_by_wonderdookie-d8zx31c

On Twitter, a number of Clinton staffers and supporters called on Sanders to withdraw his vicious and false attack. Instead, he doubled down, sending out an email in which he expanded on his claims.

Here’s the problem: how can Sanders ever endorse Clinton now that he has said she is “unqualified?” Why would Clinton want him to campaign for her now? It’s also difficult to see how Sanders thinks this attack on Clinton will help him in the New York primary. Frankly, it looks like Bernie is just an angry guy who can’t control his emotions very well. Many voters would see that as disqualifying in a candidate for the presidency.

Bernie’s campaign manager Jeff Weaver was also busy attacking Hillary yesterday. Rebecca Traister has an excellent piece about it: The Sanders Campaign’s Sexist New Argument: Hillary Tries Too Hard.

On Tuesday night, following Bernie Sanders’s big win in the Wisconsin primary, his campaign manager, Jeff Weaver, understandably jazzed in the midst of a victory lap, said a really stupid sexist thing about Hillary Clinton.

When CNN’s Jake Tapper asked him about the increasingly aggressive rhetoric between Sanders and Hillary Clinton, Weaver averred that his campaign was prepared to play hardball. He then sounded a warning to the former secretary of State and her supporters, suggesting that they not get too critical of Sanders or his supporters. “Don’t destroy the Democratic Party to satisfy the secretary’s ambitions to become president of the United States,” Weaver said.

It was a small comment, in every sense. A throwaway bit of nastiness coming from a campaign manager in the late stages of a long and hotly contested primary battle. But the line, which overtly cast Clinton’s political ambition as a destructive force and framed her famous drive and tenacity as unappealing, malevolent traits, played on long-standing assumptions about how ambition — a quality that is required for powerful men and admired in them — looks far less attractive on their female counterparts, and especially on their female competitors.

Weaver’s language made explicit a message that has, in more inchoate form, been churning through the Sanders campaign’s messaging in recent weeks. As Sanders’s staffers spin the story of how they got to this point in the race — with a candidate whose success has been unexpected and thrilling, especially with young Democrats and independents, but who has failed to win over voters of color and older voters, and remains badly behind his tough opponent by nearly every metric — they seem to have been working on a new framing of Hillary, one that relies on old biases about how we prefer women to conduct themselves and how little we like those who flout those preferences.

Jeff Weaver, Bernie Sanders' campaign manager, said Tuesday he believes the Democratic primary fight will continue until the convention, and that Sanders will emerge as the winner, not Hillary Clinton.

Jeff Weaver, Bernie Sanders’ campaign manager.

As if Hillary is the one who is trying to blow up the Democratic Party when Sanders has never even been a Democrat and refuses to support other Democrats running for office this year. Please go read the whole thing. There’s much more about the sexist attacks on Hillary from the men who work for Bernie.

This morning Bernie was still at it, once again “doubling down” on his attacks on Hillary. Politico:

Bernie Sanders went after the media for “political gossip” Thursday before he doubled down on his sharp comments Wednesday night in which he questioned whether Hillary Clinton was qualified for the presidency.

“Any questions on the needs of the middle class of America before we get to political gossip?” Sanders asked following a brief news conference on trade in Philadelphia. “All right, now where’s your political gossip? OK, what do you got?”

The following question focused on the Vermont senator’s forceful rhetoric against Clinton at a rally on Wednesday. Sanders explained that he took issue with a Washington Post report on Clinton with a headline that said “Clinton questions whether Sanders is qualified to be president.”

I guess he didn’t read the article under the headline, which nowhere quotes Hillary as saying that. Maybe Bernie thinks she wrote the headline?

“If Secretary Clinton thinks that just because I’m from a small state in Vermont and we’re gonna come here to New York and go to Pennsylvania and they’re gonna beat us up and they’re gonna go after us in some kind of really uncalled for way, that we’re not gonna fight back, well we got another — you know, they can guess again because that’s not the case,” Sanders said. “This campaign will fight back.”

Sanders again called into question whether Clinton has the pedigree to win the White House on Thursday, invoking her vote for the Iraq War, support of trade deals and campaign donations from Wall Street and special interests.

Um . . . Bernie? Hillary never said you were unqualified. This guy is really losing it.

47893059.cachedNow I want to touch on another issue that is going to hurt Sanders badly in New York and other Eastern states that have primaries coming up. In a little noted part of his Daily News interview, Sanders showed a stunning  lack of compassion and lack of empathy for the relatives of the children and teachers who were murdered at Sandy Hook. From the Interview:

Daily News: There’s a case currently waiting to be ruled on in Connecticut. The victims of the Sandy Hook massacre are looking to have the right to sue for damages the manufacturers of the weapons. Do you think that that is something that should be expanded?

Sanders: Do I think the victims of a crime with a gun should be able to sue the manufacturer, is that your question?

Daily News: Correct.

Sanders: No, I don’t.

Daily News: Let me ask you. I know we’re short on time. Two quick questions. Your website talks about…

Sanders: No, let me just…I’m sorry. In the same sense that if you’re a gun dealer and you sell me a gun and I go out and I kill him [gestures to someone in room]…. Do I think that that gun dealer should be sued for selling me a legal product that he misused? [Shakes head no.] But I do believe that gun manufacturers and gun dealers should be able to be sued when they should know that guns are going into the hands of wrong people. So if somebody walks in and says, “I’d like 10,000 rounds of ammunition,” you know, well, you might be suspicious about that. So I think there are grounds for those suits, but not if you sell me a legal product.

Bushmaster AR-15, the gun used in the Sandy Hook Massacre.

Bushmaster AR-15, the gun used in the Sandy Hook Massacre.

It wasn’t just Hillary attacking Bernie for this yesterday.

The Week: Daughter of murdered Sandy Hook principal slams Bernie Sanders over gun policy.

On Tuesday evening, Erica Smegielski, the daughter of Sandy Hook’s principal who was killed in the shooting, tweeted the Daily News link, writing, “Shame on you @BernieSanders try living one hour in our lives.” Smegielski added in a second tweet, “I hope @BernieSanders really #feelsthebern of this one. His judgment is despicable.”

And from prominent Connecticut Democrats:

Connecticut Gov. Dan Malloy said the public doesn’t need “apologists for the NRA.”

“He is just wrong,” Malloy, criticizing Sanders, told The News. “He is dead wrong on guns. He had an opportunity to educate the people of Vermont about guns. Vermont is small enough that he could have gone house to house to educate people about guns.”

Connecticut Sen. Chris Murphy took to Twitter to shoot down Sanders’ gun stance, saying the presidential candidate is out of line.

“For Sanders to say that the Sandy Hook families should be barred from court, even if the weapon was negligently made, is wrong,” Murphy tweeted.

“Bernie is a friend, but this is really bad. Dems can’t nominate a candidate who supports gun manufacturer immunity.

Ce6rKruVAAA7TYd

From Katherine Speller at Bustle: Bernie Sanders ‘NYDN’ Interview Just Reminded Everyone Why He May Not Be That Progressive. The article has a good summary of the Sandy Hook case background.

According to court documents obtained by Bustle, the Sandy Hook case argues that the AR-15 — the weapon used in the Sandy Hook shooting that killed 26 people (20 of them small children) — is a military assault weapon capable of delivering 30 rounds in 10 seconds and penetrating body armor, designed to “deliver maximum carnage with extreme efficiency.” The complaint argues that Bushmaster and its parent company, Remington, were perfectly aware that “as a consequence of selling AR-15s to the civilian market, individuals unfit to operate these weapons gain access to them.” The complaint also argues that the companies’ marketing toward “military wannabes” and partnerships with games like Call of Duty show a disregard for the very real dangers of these weapons being commercially available.

Plaintiffs Mark and Jackie Barden — whose seven-year-old son Daniel was killed at Sandy Hook — criticized Sanders’ stance on their lawsuit earlier this year in an op-ed for The Washington Post. The Bardens said that Sanders understanding of the litigation was “simplistic and wrong,” and called for a more thoughtful approach from the senator to this particular breed of corporate responsibility:

… History has shown us, time and again, that it is innocent civilians in malls and movie theaters, and children in their classrooms, who have been made to bow down to the singular power of a gunman wielding an AR-15.

This is not a theoretical dispute. The last thing our sweet little Daniel would have seen in his short, beautiful life was the long barrel of a ferocious rifle designed to kill the enemy in war. The last thing Daniel’s tender little body would have felt were bullets expelled from that AR-15 traveling at greater than 3,000 feet per second — a speed designed to pierce body armor in the war zones of Fallujah.

Sanders has spent decades tirelessly advocating for greater corporate responsibility, which is why we cannot fathom his support of companies that recklessly market and profit from the sale of combat weapons to civilians and then shrug their shoulders when the next tragedy occurs, leaving ordinary families and communities to pick up the pieces.

If the Sandy Hook parents are able to see this case in court, it would be a major moment for critics of the 2005 Protection of Lawful Commerce in Arms Act (PLCCA), which made it pretty much impossible to go after gun manufacturers and distributors for negligence. Sanders helped to pass this law, and yet he has since pledged to help repeal it. However, separately condemning assault weapons while refusing to support the victims of those weapons in their fight for injunctive action leaves a bad taste in my mouth. Arguing that increasing accountability for manufacturers will somehow end the gun industry only adds to that concern.

When Hillary suggested he should apologize to the Sandy Hook relatives, Bernie said she should apologize to the victims of the Iraq war! Isn’t it funny how he seldom criticizes the Bush administration about the war they started and prosecuted?

I have more to say about disastrous effects of of Bernie Sanders’ gun policies, and I will write about it in my Saturday post.

What stories are you following today?


Live Blog: Wisconsin Returns the Vote but it could be Guam, who really knows?

download (6)Good Evening!

The results of the Wisconsin primary are coming in tonight.  It will be an extremely good lesson in why winning a small majority of the percentage of vote doesn’t translate into much when it comes to reaching the nomination goal on the Democratic side since all Democratic primaries allocate delegates proportionally.  Both candidates are likely to come away with a sizable number of delegates but not with a lead that will change the outcome of the race.

 While polls have been all over the place, it appears that recent polls have Sanders out front by a small margin. Wisconsin has a huge university in Madison and a substantial white population. It is also in that part of the country generally known as the ‘Great Fly Over’.  This is the type of state that has trended more towards Sanders.  Clinton, however, is likely to hold her own in the rural and union/blue collar parts of the state as well as with the small but vital Hispanic, Native American, Black and Asian populations.  She’s also doing very well with Democrats and older people.  However, Wisconsin has an open primary.  Open primaries have been better for Sanders historically. They are also more difficult to predict.

The Republican side may be more interesting since Cruz is expected to win.  This is the type of state that also attracts the kinds of voters likely tedcruz_nitwit_2to go for Kasich.  The question is really a matter of turnout.  Here are some results of Wisconsin exit polls on issues.

In another new set of questions, nearly four in 10 GOP primary voters in Wisconsin say they’d “scared” of what Trump would do in office if elected president – hitting nearly six in 10 among Cruz and Kasich supporters. Those are far greater than the levels of concern among Trump supporters we see about Cruz or Kasich (fewer than two in 10 Trump supporters are scared of a Kasich win, a quarter for Cruz.)

Six in 10 overall are “excited” or “optimistic” about a Cruz presidency. Fewer, about half, are excited or optimistic about a Kasich presidency, declining to just over four in 10 for Trump.

Outsider

Nearly half of GOP voters want someone with experience in politics, close to as high as it’s been so far this election cycle – and previously Trump’s won only 7 percent of these voters, vs. 33 percent for Cruz and 24 percent for Kasich. About half of voters instead say they’d like the next president to be someone from “outside the political establishment.” Trump’s previously won two-thirds of outsider voters.

Deportation

More than six in 10 GOP voters in Wisconsin think undocumented immigrants should be offered a path to legal status, on track to be the highest of any state this year (it’s topped out at 59 percent in Virginia). Only a third support deporting undocumented immigrants, fewer than in previous primaries. Deportation voters have been a strong group for Trump in previous primaries; Cruz beat Trump in recent contests (North Carolina, Missouri and Illinois) among the larger group that favors a path to legal status, and Kasich won them in Ohio.

Two news stories may start to have an effect from now until the California primaries.  The first is the release of the DC Madam list of phone numbers.  It seems to indicate that Cruz may have a DC madam issue.   Here are  the vitals of the  “John of Interest”:

 “1/26/2006,2:59,PM,GRANDPRARI,TX,214,616-3080”

The news today is filled with the interview given by Sanders to the NYDN. Sanders appears to be completely confused by the process of federalDunce Cap2 regulations and oversight as it pertains to Wall Street and Financial Institutions. I always knew he sounded vague on details but this interview shows his ignorance.   This is about as bad as recent Trump interviews.  Both appear big on their vision but extremely stupid on policy details and the workings of government.  Trump could be excused as a outsider if he were running for lower office.  Bernie, however, is a Senator.  We shouldn’t have to direct him to School House Rock for Lessons.  This is Chris Cillizza writing for WAPO.

There’s more — lots more — including an exchange over what law, exactly, Wall Street executives broke during the economic collapse and how Sanders would actually prosecute them. But the two passages above give you some idea of how the bulk of the interview went: the Daily News pressing Sanders for specifics and asking him to evaluate the consequences of his proposals, and Sanders, largely, dodging as he sought to scramble back to his talking points.

For Sanders’s critics — including Hillary Clinton — the Daily News interview is the “ah ha!” moment that they have been insisting will come for Sanders, a time when his pie-in-the-sky proposals are closely examined and found wanting. Sure, free college tuition sounds good, but how, exactly, do you pay for it? And, yes, breaking up the biggest banks seems appealing — particularly if you saw “The Big Short” — but (a) can you actually do it? and (b) what does it mean for all the people those banks employ?

A large part of Sanders’s appeal to the throngs who back him is his insistence that we are in need of a political revolution. And, for those people, the Daily News interview will be much ado about nothing. But what the interview exposes is that once the revolution happens there will be lots of loose ends to tie up. Loose ends that Sanders either hasn’t grappled with — or doesn’t want to.

CfPg8Y2WEAEQojSAs for all those geniuses like Tim Robbins who insist we’re Guam, look at this: 

Despite winning Mississippi’s Republican presidential primary by double digits, Donald Trump could turn Mississippi blue for the first time in 40 years, according to a Mason-Dixon poll released Tuesday.

So, we just have to sit through the next few weeks until the huge, diverse states get their chance to close the deal.

Meanwhile, I’d just like to state that We are ALL Guam now!!


Tuesday Reads: On Wisconsin

Hubert Humphrey and John Kennedy as votes are counted in the Wisconsin Primary, 1960

Hubert Humphrey and John Kennedy as votes are counted in the Wisconsin Primary, 1960

Good Morning!!

I hate to keep complaining about my health issues, but I’m moving so slowly this morning that I thought I’d give you guys a quick update so you’d know why it has been taking me so to get my posts written. I have been struggling with a cold and sinus infection that just won’t go away. It’s been weeks–maybe close to 2 months. I haven’t really kept track. For about 10 days, my sinuses were so swollen that my upper and lower teeth ached on the left side.

Last Tuesday, I went to a hospital walk-in clinic. It turned out that my blood pressure was very high, and I ended up having to stay in the hospital overnight while they tried to stabilize it and figure out what was going on with my sinuses. I had every test you could imagine–a chest X-ray, EKG, blood and oxygen tests for heart function, an echocardiogram, a CAT scan of my sinuses, and I wore a heart monitor while I was there.

The doctors were reluctant to give me an antibiotic, but they finally decided to give me a Z-pack because I had been sick for so long. They also gave me some blood pressure medication. I came home on Wednesday evening and by Thursday afternoon I felt dramatically better. On Friday and Saturday I felt great–I felt like me again for the first time in a long time. But on Sunday the symptoms started coming back. It hasn’t gotten to the point that my teeth hurt yet, but I obviously need more antibiotics.

I’m seeing a physician’s assistant tomorrow, and I hope I can convince her to give me a prescription. Of course the main focus is going to be on my blood pressure, so I’m trying to prepare myself to be assertive enough to get the help I need.

On top of all that, it snowed here on Sunday and Monday! I’m just hoping the snow will melt today. The sun is out, but it isn’t going to get much above freezing. If it doesn’t melt, I plan to go out this afternoon and try to back the car out of the driveway without shoveling it.

Anyway, I hope you guys don’t mind my sharing this. It has actually made me feel a little better to put it into words. Now on to today’s reads.

George Wallace won 1/3 of the Democratic primary votes in Wisconsin in 1964.

George Wallace won 1/3 of the Democratic primary votes in Wisconsin in 1964.

Yesterday we got exciting news from the Supreme Court on voting rights. Here’s some background from The Atlantic: One Person, One Vote, Eight Justices.

The U.S. Supreme Court unanimously turned back a legal effort to reinterpret the “one person, one vote” constitutional rule Monday, ruling that states may rely on total population when drawing their legislative districts.

The case, Evenwel v. Abbott, was brought by two Texas voters, Sue Evenwel and Edward Pfenninger, who challenged the apportionment of Texas Senate districts. With the exception of the U.S. Senate, every American legislative body is apportioned by total population under the “one person, one vote” rule first outlined by the Court in the 1960s.

Evenwel and Pfenninger argued that counting non-voters—children, the mentally disabled, disenfranchised prisoners, and non-citizensbroke that rule and diluted their political power in violation of the Fourteenth Amendment’s Equal Protection Cause. Many observers, including my colleague Garrett Epps, notedthat Evenwel’s interpretation would redraw the American political map in favor of a whiter, older, and more conservative electorate.

“In agreement with Texas and the United States, we reject appellants’ attempt to locate a voter-equality mandate in the Equal Protection Clause,” Justice Ruth Bader Ginsburg wrote for the majority. “As history, precedent, and practice demonstrate, it is plainly permissible for jurisdictions to measure equalization by the total population of state and local legislative districts.”

The Supreme Court first forced states to draw their legislative districts with roughly equal populations inside them in two landmark decisions: Baker v. Carr in 1962 andReynolds v. Sims in 1964. The two decisions enshrined the one-person, one-vote rule in American constitutional law.

More at the link.

Eugene McCarthy after winning the Wisconsin primary in 1968

Eugene McCarthy after winning the Wisconsin primary in 1968

Analysis by Rick Hasan at the Election Law Blog: Breaking/Analysis: Big Victory for Voting Rights as #SCOTUS Rejects Plaintiffs’ Claim in Evenwel One Person, One Vote Case.

Justice Ginsburg wrote the opinion for the Court, and it is clear (as I had been saying) that Justice Scalia’s death did not affect the outcome of this case. It was clear from the oral argument that, despite what some said, this was not a case where the Court was likely to divide 4-4. Ed Blum’s position in this case to require voter population was not only at odds with historical practice, it was not practically possible given the data that we have, and it would have led to terrible outcomes, including making it basically impossible to also comply with Voting Rights Act requirements for districts.

Justice Ginsburg’s opinion holds that districting using total population was consistent with constitutional history, the Court’s own decisions, and longstanding practice. A long section of Justice Ginsburg’s opinion recounts constitutional history, and relies on the fact that for purposes of apportioning Congressional seats among states, total population, not total voters, must be used. Plaintiffs’ argument in Evenwel was inconsistent with this practice. As to the Court’s own precedents, Justice Ginsburg acknowledged language supporting both total voters and total population as possible bases, but Court’s practice has been to look at total population in its cases. Further, that is the practice that states uniformly use, despite the occasional case such as Burns v. Richardson, allowing Hawaii to use a registered voter level.

Finally, Justice Ginsburg gives a sound policy reason for a total population rule.  In key language, she writes that “Nonvoters have an important stake in many policy debates—children,, their parents, even their grandparents, for example, have a stake in a strong public-education system—and in receiving constituent services, such as help navigating public-benefits bureaucracies. By ensuring that each representative is subject to requests and suggestions from the same number of constituents, total population apportionment promotes equitable and effective representation.” A footnote following this states that even though constituents “have no constitutional right to equal access to the their elected representatives,” a state “certainly has an interest in taking reasonable, nondiscriminatory steps to facilitate access for all its residents.”

Perhaps the most important aspect of Justice Ginsburg’s opinion, and especially notable because it attracted the votes of not just the liberals but also Chief Justice Roberts and Justice Kennedy, is the Court’s refusal to give Texas the green light to use total voters if it wants in the next round of redistricting. The Court simply put the issue off for another day. It is hard to stress enough what a victory this is for liberal supporters of voting rights. Many of us thought Burns already gave Texas this power. The fact that the Court leaves that issue open will serve as a deterrent for states like Texas to try to use total voters in the next round of redistricting, because it will guarantee major litigation on the question.

Much more at the link.

George McGovern after winning the Wisconsin primary in 1972.

George McGovern after winning the Wisconsin primary in 1972.

Today is the Wisconsin primary, and Bernie Sanders is expected to win. FiveThirtyEight gives him a 72 percent chance of winning and only a 28 percent chance for Hillary Clinton to pull an upset. Of course those are probabilities and the few polls that have been taken show a somewhat closer race. The Real Clear Politics poll average is 47.9 for Bernie, 45.3 for Hillary. Al Giordano is projecting a 16 point win for Bernie, but even if he does that well, he won’t get enough pledged delegates out of Wisconsin to cut Hillary’s lead by much.

After today, there won’t be another primary until New York votes on April 19. There is a caucus in Wyoing on April 9, and Sanders will probably win that.

Yesterday, the Clinton and Sanders campaign settled on a date for the Brooklyn debate that Bernie has been demanding since New Hampshire. It will be on April 14 on CNN with {gag} Wolf Blitzer as moderator.

As I’m sure you’re aware, there has been a silly dispute about this completely unnecessary “debate.” The Sanders campaign played games for several days, first accusing Clinton of being afraid to to debate him and then turning down four different dates and times offered by her campaign. But yesterday, NYC Mayor Bill DeBlasio played the trump card (pun intended) by offering to smooth the way for Sanders to arrange his oh so busy schedule. The Daily Mail reports:

The Brooklyn debate that Hillary Clinton and Bernie Sanders have been squabbling over for the last week is finally a go.

The Sanders campaign announced this evening that it had accepted an offer from CNN to debate on the evening of April 14 – a date that Clinton had been pushing for but the senator rejected.

CNN separately announced that the primetime smackdown would be held from 9-11 PM next Thursday at the Duggal Greenhouse at the Brooklyn Navy Yard….

Sanders’ campaign said this morning it could not do April 14, though it originally said would be acceptable, because it was the only evening it could secure a permit for a Washington Square rally in New York City.

Clinton backer and New York City Mayor Bill de Blasio then offered to wield his power to settle the boiling dispute between the Democratic presidential candidates today.

De Blasio said on Twitter: ‘Let’s make @NY1 4/14 BKLYN debate happen. @BernieSanders: I’ll help you secure any permit you need to ensure your NYC rally can happen too.’

Hahahahaha! It was an offer Bernie couldn’t refuse.

Jimmy Carter, winner of the Wisconsin primary, 1976

Jimmy Carter, winner of the Wisconsin primary, 1976

More from Dana Millbank: Sanders is losing the pillow fight with Clinton.

This particular rhetorical showdown was not a back-and-forth about issues, appropriately enough, but an argument about whether to debate — and when, and where. It began Jan. 30, when the Bernie Sanders presidential campaign challenged Hillary Clinton to debate him in Brooklyn on April 14.

Clinton suggested the Democrats instead debate in Pennsylvania, on Long Island or in Upstate New York. Sanders accused Clinton of ducking.

Clinton proposed a New York debate on the evening of April 4 — but the Sanders campaign rejected the idea as “ludicrous” because the NCAA basketball championship would be later that night and Syracuse might be playing.

Clinton proposed they debate on ABC’s “Good Morning America” on April 15, but Sanders rejected that, too.

Clinton even acquiesced to the original Sanders demand and offered to debate April 14 in Brooklyn. Sorry, Sanders said. He now had a rally scheduled for that night — and the permit, his campaign said, had been hard to get.

The Sanders campaign countered Sunday by suggesting four other nights — one of them on a weekend, which it previously had said was unacceptable. Clinton summarily rejected those days.

But then Bill de Blasio stepped in, and made Bernie look like a dope.

Sanders late Monday acquiesced to debate on the very day and in the very place he proposed two months ago. He could rally another time at his preferred venue, New York’s Washington Square Park — which, by coincidence, was the site Saturday of the International Pillow Fight, in which hundreds of strangers playfully thumped each other with feather-filled sacks.

This is oddly appropriate, because the Democratic nominating contest generally, like the Great Debate Debate, has come to resemble a pillow fight — a lot of commotion and feathers flying, but the blows don’t have much impact. Sanders long ago ceased to have a meaningful chance of winning the nomination; he would need to win 57 percent of the remaining delegates (or 67 percent, if you include uncommitted superdelegates), which, under the Democrats’ system of assigning delegates in proportion to the vote, simply isn’t going to happen.

Millbank claims that in order to win, Sanders would have to attack Clinton’s character and that Sanders “refuses” to do that. Of course he has been doing just that by insinuation for a very long time; but that doesn’t fit the media narrative, so Millbank can’t admit that Bernie’s personal attacks are not working.

Michael Dukakis, winner of the Wisconsin Primary, 1988.

Michael Dukakis, winner of the Wisconsin Primary, 1988.

The Sanders campaign is still failing badly in its choice of official surrogates. Again and again we’ve seen Bernie’s celebrity supporters put their feet in their mouths while doing their best to help win him votes. Cornell West, Killer Mike, Michael Moore, Susan Sarandon, Ben Cohen of Ben and Jerry, they’ve all managed to insult African American voters by minimizing their importance and attacking President Obama, and discounting all Southern Democrats as part of “the Confederacy.

Yesterday, Susan Sarandon’s former partner Tim Robbins weighed in when he introduced Sanders at the Wisconsin Rally. Philip Bump at The Washington Post: Tim Robbins’s very bad take on why Bernie Sanders is undersold.

After the Southern primaries,” he said, “you had called the election” — apparently referring to the media. “And who’s fooling who? Winning South Carolina in the Democratic primary is about as significant as winning Guam. No Democrat is going to win in the general election. Why do these victories have so much significance?”

This is a not-uncommon argument among supporters of Sanders. Yes, Hillary Clinton is winning. But she’s winning largely because she ran up big margins in Southern states. That, the argument goes, bodes poorly for the general, since those Southern states usually vote Republican.

This is a bad argument that borders on insulting.

First of all, South Carolina has a lot more people than Guam. Among the other bits of data one can point out about the 2016 Democratic primary is that Clinton has received far more votes than  Sanders — 2.5 million more. Among those is a margin of about 175,000 more votes in the state of South Carolina, a margin that by itself is larger than the population of Guam.

Which means that Clinton came away from South Carolina with a net delegate haul of plus-25 — she earned 25 more delegates than did Sanders. In the Democrats’ proportional system, that’s a big margin. It’s a margin that Sanders has only managed once, in the Washington caucuses late last month. So in that sense, South Carolina matters a lot more than Guam.

More at the link. It’s not just a stupid and insulting argument; it’s a racist argument. There, I’ve said it. It’s what I believe.

Bill Clinton, winner of the 1990 Wisconsin primary

Bill Clinton, winner of the 1990 Wisconsin primary

I have more links that I want to share; I’ll put some in the comment thread. What stories are you following today?


Monday Reads: Global Intrigue Edition

01093-2Good Afternoon!

We have the Wisconsin primary coming up tomorrow evening but I thought I’d take a break from political chaos to cover some global financial chaos today.  I’m not sure if you’ve heard about The Panama Papers yet  but there was a   “Giant Leak of Offshore Financial Records” this weekend that “Exposes Global Array of Crime and Corruption.  Millions of documents show heads of state, criminals and celebrities using secret hideaways in tax havens.”   The linked documents and lists of account names are eye popping.  Check out some of the global dirty rotten scoundrels and grab your pitchfork.

A massive leak of documents exposes the offshore holdings of 12 current and former world leaders and reveals how associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies.

The leak also provides details of the hidden financial dealings of 128 more politicians and public officials around the world.

The cache of 11.5 million records shows how a global industry of law firms and big banks sells financial secrecy to politicians, fraudsters and drug traffickers as well as billionaires, celebrities and sports stars.

These are among the findings of a yearlong investigation by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other news organizations.

The files expose offshore companies controlled by the prime ministers of Iceland and Pakistan, the king of Saudi Arabia and the children of the president of Azerbaijan.

They also include at least 33 people and companies blacklisted by the U.S. government because of evidence that they’d been involved in wrongdoing, such as doing business with Mexican drug lords, terrorist organizations like Hezbollah or rogue nations like North Korea and Iran.

One of those companies supplied fuel for the aircraft that the Syrian government used to bomb and kill thousands of its own citizens, U.S. authorities have charged.

“These findings show how deeply ingrained harmful practices and criminality are in the offshore world,” said Gabriel Zucman, an economist at the University of California, Berkeley and author of “The Hidden Wealth of Nations: The Scourge of Tax Havens.” Zucman, who was briefed on the media partners’ investigation, said the release of the leaked documents should prompt governments to seek “concrete sanctions” against jurisdictions and institutions that peddle offshore secrecy.

Que the James Bond theme.   The Guardian appears to be the paper that’s most on top of the story.  I’ve had a fascination with s0-called MTI5MDAyNzI5ODU0MDA1MjE4Treasure Isles for some time which offshore investment accounts of the world’s richest people since it appeared Mitt Romney had managed to plant some money offshore. This was revealed during his run for President. Most of the leaked accounts are from world leaders who are stealing their nation’s Treasury and probably take bribes. Nothing says I hate my country more than these things.

I’ve actually written about this before here because it is so fascinating.  As a former banker and a financial economist that studies the financial systems, I can state with assurance that this situation plagues nations  trying to develop because it takes much needed money out of circulation in the country.  It also is a major argument against giving the richest any more money.  They just take it straight out of the country where they gamble on the world’s financial markets.  Most of them couldn’t create a job if their life depended on it because they’re busy hiding their fortunes.

The Guardian, working with global partners, will set out details from the first tranche of what are being called “the Panama Papers”. Journalists from more than 80 countries have been reviewing 11.5m files leaked from the database of Mossack Fonseca, the world’s fourth biggest offshore law firm.

The records were obtained from an anonymous source by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with the Guardian and the BBC.

Though there is nothing unlawful about using offshore companies, the files raise fundamental questions about the ethics of such tax havens – and the revelations are likely to provoke urgent calls for reforms of a system that critics say is arcane and open to abuse.

The Panama Papers reveal:

  • Twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens.
  • A $2bn trail leads all the way to Vladimir Putin. The Russian president’s best friend – a cellist called Sergei Roldugin – is at the centre of a scheme in which money from Russian state banks is hidden offshore. Some of it ends up in a ski resort where in 2013 Putin’s daughter Katerina got married.
  • Among national leaders with offshore wealth are Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt’s former president; and the prime minister of Iceland, Sigmundur Davíð Gunnlaugsson.
  • In the UK, six members of the House of Lords, three former Conservative MPs and dozens of donors to British political parties have had offshore assets.
  • The families of at least eight current and former members of China’s supreme ruling body, the politburo, have been found to have hidden wealth offshore.
  • Twenty-three individuals who have had sanctions imposed on them for supporting the regimes in North Korea, Zimbabwe, Russia, Iran and Syria have been clients of Mossack Fonseca. Their companies were harboured by the Seychelles, the British Virgin Islands, Panama and other jurisdictions.
  • A key member of Fifa’s powerful ethics committee, which is supposed to be spearheading reform at world football’s scandal-hit governing body, acted as a lawyer for individuals and companies recently charged with bribery and corruption.
  • One leaked memorandum from a partner of Mossack Fonseca said: “Ninety-five per cent of our work coincidentally consists in selling vehicles to avoid taxes.”

The company has flatly denied any wrongdoing. It says it has acted beyond reproach for 40 years and that it has had robust due diligence procedures.

The document leak comes from the records of the firm, which was founded in 1977. The information is near live, with the most recent records dating from December 2015.

James-Bond-Casino-Royale-Movie-Poster-Red-Clay-SoulThe data shared with journalists is huge and is more than was leaked by WikiLeaks in 2010 or Edward Snowden in 2013.

There is a connection to the US through Miami. The Miami World Herald reports the connection between black money and the Miami real estate boom.

The firm’s leaked records offer a glimpse into the tightly guarded world of high-end South Florida real estate and the global economic forces reshaping Miami’s skyline.

And MF’s activities bolster an argument analysts and law-enforcement officials have long made: Money from people linked to wrongdoing abroad is helping to power the gleaming condo towers rising on South Florida’s waterfront and pushing home prices far beyond what most locals canafford.

The leak comes as the U.S. government unleashes an unprecedented crackdown on money laundering in Miami’s luxury real-estate market.

Buried in the 11.5 million documents? A registry revealing Mateus 5’s true owner: Paulo Octávio Alves Pereira, a Brazilian developer and politician now under indictment for corruption in his home country.

A Miami Herald analysis of the never-before-seen records found 19 foreign nationals creating offshore companies and buying Miami real estate. Of them, eight have been linked to bribery, corruption, embezzlement, tax evasion or other misdeeds in their home countries.

That’s a drop in the ocean of Miami’s luxury market. But Mossack Fonseca is one of many firms that set up offshore companies. And experts say a lack of controls on cash real-estate deals has made Miami a magnet for questionable currency.

Probably the most direct result of the link is the call for an election to replace Iceland’s PM who was caught with an account.PC0436_l

Iceland’s prime minister is this week expected to face calls in parliament for a snap election after the Panama Papers revealed he is among several leading politicians around the world with links to secretive companies in offshore tax havens.

The financial affairs of Sigmundur Davíð Gunnlaugsson and his wife have come under scrutiny because of details revealed in documents from a Panamanian law firm that helps clients protect their wealth in secretive offshore tax regimes. The files from Mossack Fonseca form the biggest ever data leak to journalists.

Opposition leaders have this weekend been discussing a motion calling for a general election – in effect a confidence vote in the prime minister.

On Monday, Gunnlaugsson is expected to face allegations from opponents that he has hidden a major financial conflict of interest from voters ever since he was elected an MP seven years ago.

This should be huge and there’s no doubt that a number of Americans may show up . It should also spur a movement for regulation if the Dems give good spin and the Republicans cower from fear of their angered populist base.  I want to spend more time analyzing this and will provide you with some more thoughts when I can.  I’ll be with students the next few days so you’ll  have to be patient and let me know if you’re interested.

You can read “How Reporters Pulled Off the Panama Papers, the Biggest Leak in Whistleblower History” at Wired. This article covers the leak process and the reporter with the original contact.

The Panama Papers leak began, according to ICIJ director Ryle, in late 2014, when an unknown source reached out to the German newspaper Suddeutsche Zeitung, which had reported previously on a smaller leak of Mossack Fonseca files to German government regulators. A Suddeutsche Zeitung reporter named Bastian Oberway says that the source contacted him via encrypted chat, offering some sort of data intended “to make these crimes public.” But the source warned that his or her “life is in danger,” was only willing to communicate via encrypted channels, and refused to meet in person.

“How much data are we talking about?” Obermayer asked

“More than you have ever seen,” the source responded, according to Obermayer.

Obermayer tells WIRED he communicated with his source over a series of encrypted channels that they frequently changed, each time deleting all history from their prior exchange. He alludes to crypto apps like Signal and Threema, as well as PGP-encrypted email but declines to say specifically which methods they used. Each time the reporter and source re-established a connection, they would use a known question and answer to reauthenticate each other. “I’d say ‘is it sunny?’ You’d say ‘the moon is raining’ or whatever nonsense, and then both of us can verify it’s still the other person on the device,” Obermayer says.

After seeing a portion of the documents, Suddeutsche Zeitung contacted the ICIJ, which had helped to coordinate previous tax haven megaleaks including a 2013 analysis of leaked offshore tax haven data and another leak-enabled investigation last year that focused on assets protected by the Swiss bank HSBC. ICIJ staff flew to Munich to coordinate with Suddeutsche Zeitung reporters.

$_35

I can’t wait to follow the money frankly.  International Financial Economists try to estimate the flows of dark and black currency around the world and its impact on a nation’s capital accounts. This may give us a hint of the level and types of activities as well as their frequency.  Like I said, I’m chomping at the bit like an Ann Romney dressage horse to get the actual activity details.  Meanwhile, enjoy the international outing of the billionaires who have more in common with each other than the people in their countries.

Anyway, here’s a few other links to keep you busy!

From Newsweek: White City: The new urban blight is rich people

From Bloomberg News: Louisiana Crisis Shows Risks of Republican Candidates’ Tax Plans

Voters in Wisconsin’s Republican primary Tuesday can choose among Donald Trump, John Kasich and Ted Cruz, all of whom promise tax cuts that could cost as much as $10 trillion in revenue over 10 years — and an ensuing economic boom as spending is unleashed. Yet voters need look no further than Louisiana, Kansas and Oklahoma to see what happens when economies fail to grow as promised.

From Washington Monthly (satire):  Apologies to Bernie Sanders By Mark Kleiman

From The Economist: Sin and politics: The link between a scandal in Alabama and the rise of Donald Trump

New York Magazine:  OPERATION TRUMP:  Inside the most unorthodox campaign in political history.

WAPO:  American policy fails at reducing child poverty because it aims to fix the poor. If we want to help kids, it’s time to focus on money, not marriage.

From CNN: Conservative challengers lose key Supreme Court voting rights case

In a unanimous result, the court said a state can draw legislative districts based on total population. At issue in the case was the “one person, one vote” principle dating back to the 1960s, when the court held that state legislative districts must be drawn so they are equal in population.

What’s on your reading and blogging list today?