Oh, Venus and other celestial bodies

I was searching around for a meaningful post for tonight.  This is an open thread.  It does have a theme but please don’t feel you have to follow it. However, if you want, please join in and makes some wishes and star contributions on my spacey thread.

Venus to make rare transit across sun Tuesday

Venus, the lovers’ planet, will slowly cross the face of the sun Tuesday in a rare passage that no sky watcher now alive will ever see again.

Astronomers call the event a transit of Venus; it last occurred more than a century ago, and another won’t be seen for 105 years.

Just as they did during the partial eclipse of the sun that enthralled throngs of viewers on May 20, amateur astronomers, observatories and Bay Area science museums will all have their special solar telescopes trained on the fabled planet as it makes its dark transit across the solar disc.

A day before the transit, on Monday, a very different astronomical event will be on display when the full moon will be partially eclipsed by the Earth’s shadow. No telescopes will be needed for the partial eclipse, and if skies are clear it should be visible everywhere. The moon will appear low in the western sky from 3 to 5:07 a.m., and the eclipse will peak at 4:03 a.m.

The 10 Most Amazing Discoveries of Modern Astronomy

As mentioned previously, the discovery of the CMBR, redshifting, and the faster than expected recession of galaxies led astronomers and astrophysicists to theorize the Big Bang, which is currently accepted as the model for the formation of the universe. The Big Bang was not an explosion within space and time, but instead, the creation of spacetime from nothing. While implications for our role in the universe, the possible existence of other universes, and what, if anything, occurred before, are the subject of speculation, the Big Bang model has survived a variety of tests and scrutiny to become widely accepted. However, with the discovery of the CMBR, it was discovered that the temperature of the universe is widely uniform, which would be impossible through traditional thermal interactions (the concept of the universe being flat, homogeneous and isotropic is known as the cosmological principle). Thus, Inflationary Theory was introduced, which suggests that the universe started with extremely rapid exponential expansion, driven by a negative pressure energy (somewhat reminiscent of Dark Energy), but before inflation, the universe was causally connected and thus had a balanced temperature.

The Hitch Hiker’s Guide to the Galaxy

Seconds before the Earth is demolished to make way for a galactic freeway, Arthur Dent is plucked off the planet by his friend Ford Prefect, a researcher for the revised edition of the The Hitch Hiker’s Guide to the Galaxy who, for the last fifteen years, has been posing as an out of work actor. Together this dynamic pair begin their journey through space aided by quotes from The Hitch Hiker’s Guide “A towel is about the most massively useful thing an interstellar hitchhiker can have” and a galaxy-full of fellow travellers: Zaphod Beeblebrox – the two-headed, three-armed ex-hippie and totally out to lunch president of the galaxy; Trillian, Zaphod’s girlfriend (formally Tricia McMillan), whom Arthur tried to pick up at a cocktail party once upon a time zone; Marvin, a paranoid, brilliant and chronically depressed robot; Veet Voojagig, a former graduate student who is obsessed with the disappearance of all the ball-point pens he has bought over the years.

 

Have fun!   It’s an open thread!!!


Friday Reads

Good Morning!

We passed an ominous milestone recently. Have we crossed the Rubicon with climate change?

Monitoring stations in the Arctic have confirmed atmospheric carbon dioxide measurements exceeding 400 parts per million (ppm), far past the acknowledged safe limit of 350 ppm.

Global levels of carbon dioxide—the most prevalent heat-trapping gas—are around 395 ppm, but Arctic levels signal where global trends are headed, and scientists are confident that levels will soon eclipse this ominous milestone worldwide.

According to the Washington Post, Jim Butler, the global monitoring director at the National Oceanic and Atmospheric Administration’s Earth System Research Lab in Boulder, Colorado, said “The fact that it’s 400 is significant. It’s just a reminder to everybody that we haven’t fixed this and we’re still in trouble.”

Preceding the Industrial Revolution, global levels of carbon dioxide were believed to be around 275 ppm. The meteoric rise in carbon pollution is mainly attributed to fossil fuel dependence, such as burning coal and oil for gasoline. Forest depletion and oceanic biodiversity loss complicate matters by diminishing nature’s ability to absorb and repurpose carbon dioxide.

According to the Christian Science Monitor, former Vice President Al Gore wrote via email, “The news today, that some stations have measured concentrations above 400 ppm in the atmosphere, is further evidence that the world’s political leaders—with a few honorable exceptions—are failing catastrophically to address the climate crisis. History will not understand or forgive them.”

The UK Guardian reports that 28 top US corporations are working hard to block any action meant to prevent or stop climate change.

An analysis of 28 Standard & Poor 500 publicly traded companies by researchers from the Union of Concerned Scientists exposed a sharp disconnect in some cases between PR message and less visible activities, with companies quietly lobbying against climate policy or funding groups which work to discredit climate science.

The findings are in line with the recent expose of the Heartland Institute. Over the years, the ultra-conservative organisation devoted to discrediting climate science received funds from a long list of companies which had public commitments to sustainability.

The disconnect in this instance was especially stark in the researchers’ analysis of oil giants ConocoPhillips and ExxonMobil, and the electricity company DTE energy.

But even General Electric Company, which ranks climate change as a pillar of its corporate policy on its website, had supported trade groups and thinktanks that misrepresent climate science, the researchers found.

Caterpillar Inc, despite its public commitment to sustainability, also worked behind the scenes to block action on climate change. The company spent more than $16m (£10.3m) on lobbying during the study, with nearly five times as much of that spent lobbying to block climate action than on pro-environmental policies.

Other big corporate players were fairly consistent with their public image. Nike and NRG Energy Inc lobbied in support of climate change policy and supported conservation groups.

Peabody Energy Corporation, which produces coal, was ranked the most obstructionist of any of the companies. It spent more than $33m to lobby Congress against environmental measures and supporting trade groups and think tanks which spread disinformation about climate science, the researchers found.

“The thing we found most surprising in doing this research is just how all 28 companies expressed concern about climate change,” said Francesca Grifo who heads the UCS scientific integrity programme. “But when we took a deeper look we found that a lot of the actions they took weren’t connected to the messages.”

The result of the disconnect was growing confusion about climate science, the researchers said. That made it more difficult to push for environmental protections.

Republicans continue to chip away at abortion rights. The House is zeroing in on “sex selection” abortions.  These are not a big issue in this country but could be a big issue for Republicans because the rhetoric almost always centers on Asian countries in a way that’s offensive to Americans of Asian heritage.

Republicans long ago lost African American voters. They are well on their way to losing Latinos. And if Trent Franks prevails, they may lose Asian Americans, too.

The Arizona Republican’s latest antiabortion salvo to be taken up by the House had a benign name — the Prenatal Non­discrimination Act — and a premise with which just about everybody agrees: that a woman shouldn’t abort a fetus simply because she wants to have a boy rather than a girl.

The problem with Franks’s proposal is that it’s not entirely clear there is a problem. Sex-selection abortion is a huge tragedy in parts of Asia, but to the extent it’s happening in this country, it’s mostly among Asian immigrants.

For Franks, who previously tried to pass legislation limiting abortions among African Americans and residents of the District of Columbia, it was the latest attempt to protect racial minorities from themselves.

“The practice of sex selection is demonstrably increasing here in the United States, especially but not exclusively in the Asian immigrant community,” he announced on the House floor Wednesday afternoon. He quoted a study finding that male births “for Chinese, Asian Indians and Koreans clearly exceeded biological variation.”

The Bill even has one of those weird Republican names like offensive missiles called “peace keepers.”  It’s called PRENDA or Prenatal NonDiscrimination Act.

The Prenatal Nondiscrimination Act (PRENDA), H.R. 3541, was defeated in a 246-168 vote. While that’s a clear majority of the House, Republicans called up the bill under a suspension of House rules, which limits debate and requires a two-thirds majority vote to pass. In this case, it would have required more support from Democrats.

Twenty Democrats voted for the bill, while seven Republicans opposed it. The bill would have needed 30 more yeas to pass.
Suspension votes are normally used for noncontroversial bills, but the GOP-backed measure was clearly controversial. Republicans have occasionally put controversial bills on the suspension calendar in order to highlight that Democrats oppose certain policies.

Boehner said he will try again later.  So much for the Republican lies about being all about the jobs.

Just when you think the state Republican groups can’t get more extreme you find out something like this item in Pennsylvania.

Republicans in Luzerne County, Pennsylvania have elected Steve Smith, a lifelong white supremacist with close ties to neo-Nazi groups and groups like Aryan Nations, to the county’s GOP Committee.

The elections, which took place in late April, were certified by the committee two weeks ago, and Smith notified supporters of his victory last week by posting a message to the online forum White News Now.

The Southern Poverty Law Center has documented Smith’s participation with known skinhead organizations like Keystone State Skinheads, (now Keystone United) which he co-founded in 2001. And his racist activism extends far beyond violent rhetoric as well, into actual violence:

In March 2003, he and two other KSS members were arrested in Scranton for beating up Antoni Williams, a black man, using stones and chunks of pavement. Smith pleaded guilty to terrorist threats and ethnic intimidation and received a 60-day sentence and probation.

Smith is also an active member of local Tea Party groups, a network that he used to gain support for his bid for the committee seat. According to the SPLC, Smith referred to the Tea Party as “fertile grounds for our activists.”

Our economy continues to have some of the highest poverty rates in the developed world.  Seven million kids and mothers are in poverty. Georgetown Law Professor and advisor to the Kennedys and Bill Clinton explains why this is so devastating to our country’s future as well.

Peter Edelman: Extreme poverty means having an income of less than half the poverty line. That’s less than $9,000 a year for a family of three. The stunning fact is that in 2010, there were 20.5 million people who had incomes that low. And perhaps even more disturbing — 6 million people have no income other than food stamps (SNAP). That means an income at one third of the poverty line or less than $6,000 a year for a family of three. You can’t live on that.

So, these are people who are really in extreme trouble. In fact, many of them will get out of extreme poverty fairly quickly, and that makes it even more inexcusable not to have a basic safety net for them when their income dips so low. How do they survive? We don’t really know. They obviously have to have the support in one way or another of family and friends– if they have such networks. They sleep on couches, they move around a lot. If they can find casual work to get a little extra money, they do. But they are in a very tough place. The percentage of people in extreme poverty has doubled since 1976, so it is getting worse.

Public benefits, which are not counted in official poverty figures insofar as they’re not paid in cash, make the situation a little better, but not much. The fact that there could be 6 million people who only have food stamps is because of another fact: that welfare –Temporary Assistance for Needy Families (TANF) —  is basically unavailable in many states in the country. In Wyoming, for example, 4% of poor children in the entire state — that’s 644 people including the mothers — receive cash assistance. In 19 states, fewer than 20% of poor children are receiving cash assistance. So that’s how you can have 6 million people living only on food stamps. About 7 million of those in extreme poverty are mothers and children. We can only imagine the damage that this does to the children. It really is a crisis, and very few people are aware of it.

So those are the stories that I’m following this week.  What’s on your reading and blogging list today?


Commonplace Lying Liars and Big Fat Lying Liars and their Big Fat Lies

Far be it for me to complain about other states’ crazy Republican governors.  The Wisdom Beings know that my crazy Republican Governor Bobby Jindal is right up there with the worst of them.  After all, how many folks can say their governor helped kidnap and physically abuse  a young woman in the name of an exorcism and then wrote about it as a spiritual experience in their school newspapers?

Chris Christie–pardon the pun–is big among Republican circles these days because he supposedly is showing how failed economic policies aren’t really failing.  This appears to be a Republican obsession these days.  Of course, they are failing, have failed and will fail.  So, what do you do when the facts just can’t be changed?  You lie.

Chris Christie–pardon the pun–is a big fat lying liar.

Paul Krugman mentioned this offhandedly last week. Chris Christie is trying to run on the idea of “The Jersey Comeback”.  The problem is that it’s not the least bit true.  Ask any one that actually lives in New Jersey and check out their stats.  This isn’t stopping Christie from peddling his big fat lies as a big fat lying liar. You can check a really astounding FRED graph at that Krugman site that shows exactly how bad the employment situation is in New Jersey when compared to New York and Pennsylvania.

One real problem with living in New Jersey is that the state’s two major cities are, of course, New York and Philadelphia — which means that even if you live here, policy and politics reporting tends to be sparse. So it wasn’t until the latest budget fiasco surfaced that I even knew that Christie was running on the theme of the “Jersey Comeback”.

And now that I know, I wonder what on earth he’s talking about …

I’m actually not sure why NJ is doing so much worse than New York or Pennsylvania, and I doubt that Christie has much to do with it, but he’s the one trying to claim credit for … what?

Of course, his response to this chart would probably be to yell insults at the Bureau of Labor Statistics.

So, the funny thing is that Economist Stan Collender took Krugman’s back-of-the-napkin–with no offense intended to the NYT–analysis and lit it on fire. I’ve taught from both Krugman and Collender’s books.  I follow their research.  Both are terrific scholars.  Both also blog with intense shrillness when they bump into just plan out and out lying.  This brings us back to the Big Fat Lying Liars that are all over the Republican Party these days.  Collender does the shrill one one better writing “Is This The Economic Dark Ages In The U.S?”  I’ve quoted the entire thing because it’s so succinct I couldn’t just excerpt it.  The goddess of fair use will have to forgive me along with Dr. Collender.

My guess is that Paul Krugman thought that this post was one of the more trifling economic-oriented pieces he has written in a while. It was short and probably took little time. It was also seemingly commonplace. After all, it was about a politician who said something inherently and obviously false.

But I found it to be extremely disturbing, not because it was off-the-wall — it’s anything but — but because it described a behavior — bald-face lying — that has become so blatant and commonplace among Republican policymakers on economic issues that any one of them who is even slightly honest and candid now would be both an absolute rarity and a welcome relief.

And the fact that the GOP lying about the economy…and especially the budget…is so accepted and expected means that any Republican who wasn’t jump-the-shark ridiculous on these issues wouldn’t be allowed to stay in the party much longer.

The obvious frustration that Krugman expresses in the post (not to mention the almost back-of-the-hand way he swats away Governor Chris Christie’s one-liner about the strength of the New Jersey economy and in the process makes the governor appear ridiculous to anyone who takes the time to look at the facts) mirrors what I was thinking when I posted this about House Speaker John Boehner (R-OH) last week.

As I noted in the post, Boehner, who easily qualifies as the weakest and least effective Speaker in my lifetime and has to be included on the list of the all-time worst in U.S. history, demonstrated yet again that he’ll say and do anything to stay speaker even when what he’s saying about the budget can easily be shown to be nonsense and when he knowingly and without giving it a second thought  threatens the well-being of the U.S. economy.

I’d say this doesn’t bode well for the outcome of this year’s federal budget debate, but that’s both obvious and an understatement. It actually points to the a period in U.S. history that is very likely to be labeled by historians as its economic dark ages.

Krugman actually inkled something similar over the weekend in a interview with Raw Story where he said “This may be when it all falls apart”.

“We are living through a time where we face an enormous economic challenge,” he told RT’s Thom Hartmann. “We are facing — obviously — the worst challenge in 80 years and we are totally mucking up the response. We’re doing a terrible job. We’re failing to deal with it. All of the people, the respectable people, the serious people, have made a total hash of this. That is a recipe for radicalism. It is a recipe for breakdown.”

Krugman noted that the massive demonstrations in parts of Europe were reminiscent of the 1930s.

“There are a lot of ugly forces being unleashed in our societies on both sides of the Atlantic because our economic policy has been such a dismal failure, because we are refusing to listen to the lessons of history. We may look back at this thirty years from now and say, ‘That is when it all fell apart.’ And by all, I don’t just mean the economy.”

I have no idea why so many people seem so wedded to absolute lies.   Unfortunately, they are our policy makers.   Right now, they are so attached to their lies that it seems a lot of us think they are willing to bring down the entire country and it looks like they bloody well will do it too.  What really gets me is that so many stupid people seem to want to believe these lies.  What’s an economist to do but just be as shrill as possible.

  h/t to Ralph


Tuesday Reads

Good Morning!

I am back in New Orleans and looking forward to less–hopefully no–major events in my life.  I’m exhausted!  There are parts of corporate finance that are actually more interesting than you would think.  We’ve talked some about moral hazard.  This is part of the principal agent problem. This problem happens when you have a senior manager that is hired to run a firm who is an “agent” for the owners.  One of the related topics is corporate governance and the role that the board of directors plays in watching the agents.  JP Morgan has some classic problems as outlined in this Bloomberg article.

The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American International Group Inc.’s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots.

What the risk committee of the biggest U.S. lender lacks, and what the five next largest competitors have, are directors who worked at a bank or as financial risk managers. The only member with any Wall Street experience, James Crown, hasn’t been employed in the industry for more than 25 years.

“It seems hard to believe that this is good enough,” said Anat Admati, a professor of finance at Stanford University who studies corporate governance. “It’s a massive task to watch the risk of JPMorgan.”

…

JPMorgan, with $1.13 trillion of deposits, is the only one of the six largest U.S. lenders that doesn’t have a former banker, regulator or finance professor on its risk committee.

Susan Bies, who served as a Federal Reserve governor for six years and risk manager at First Horizon National Corp., sits on Bank of America Corp.’s panel. Morgan Stanley’s includes Masaaki Tanaka, CEO for the Americas at Bank of Tokyo-Mitsubishi UFJ Ltd., while Robert Joss, a former U.S. Treasury Department official who ran Westpac Banking Corp., is on Citigroup Inc.’s. Nicholas Moore, a former PricewaterhouseCoopers LLP chairman and CEO of its U.S. unit, is one of six directors on Wells Fargo & Co. (WFC)’s risk committee.

Only Bank of America’s risk committee is as small as JPMorgan’s. Goldman Sachs’s has eight members, including Stephen Friedman, a former chairman of the firm who advised President George W. Bush on economic policy, and James Schiro, a former CEO of Zurich Financial Services AG.

This is a big wow.

A Bloomberg Op Ed also caught my eye. Albert R Hunt writes that “Bush’s Terror Overreach Becomes ’New Normal’ Under Obama”.

Critics of President George W. Bush’s anti-terrorism efforts, mainly Democrats and some Republicans, rejoiced when Barack Obama was elected. They were convinced that what they considered the post-Sept. 11 trampling of constitutional rights and civil liberties would end.

As a candidate, Obama, a former constitutional law professor, promised to close the prison at Guantanamo Bay, Cuba, as well as to end indefinite detention and the rendition of terrorism suspects to other countries, where they often were tortured. He also vowed greater accountability and transparency in the conduct of war.

Things look different today. In his new book, “Power and Constraint: The Accountable Presidency After 9/11,” Jack Goldsmith, a Harvard Law School professor who served in the Office of Legal Counsel under Bush and objected to some of that administration’s tactics, writes: “The Obama administration would continue almost all of its predecessor’s policies, transforming what had seemed extraordinary under the Bush regime into the ‘new normal’ of American counter-terrorism policy.” That seems only a slight exaggeration.

Soraya Chemaly writes at Alternet about the 6 Absurdly Demeaning Conservative Attacks on Women.  Language plays an important role in right wing attacks on women.

Everyone does it, using language that renders women as animals;the list is endless. This culturally ingrained misogyny, as reflected in acceptable language that dehumanizes half the world’s population, is not limited to any one country or religion, or followers of one or another ideology.

 But in U.S. politics, a particular trend has emerged among a certain set of conservatives: that of equating a woman with a farm animal. When, last week, Safeway Senior Vice President General Counsel Bob Gordon stood before a shareholders’ meeting telling a “joke” that portrayed Secretary of State Hillary Clinton and House Minority Leader Nancy Pelosi as being worth less than a pair of hogs,he clearly had no reservations about publicly making this joke and obviously thought it was funny. After all, he was only elaborating on a meme that’s been evolving among right-wing Republican politicians in state legislatures.

Let’s see. There’s state Rep. Terry England, the infamous Georgia legislator comparing pregnant hogs and cows to women while debating a proposal that became known as the “women as livestock bill,” which would hold pregnant women to the animal husbandry standard of carrying a dead fetus to term.

Then there’s Missouri House Majority Leader Tim Jones, explaining that he was well-prepared to propose restrictions on women’s health options because his “father’s a veterinarian.”

And Arizona state Sen. Russell Pearce’s sexist and racist reasoning that immigrant women come here to “drop a child” during their “breeding season.”

Montana Rep. Keith Regier recently explained the higher value of “preg-tested” cows, forcing his opposition to point out that “We do not place price tags on women in the same way that we do on cattle.”

State Rep. Mary Franson of Minnesota created a video to explain, as a context for discussing food stamps, that “animals may grow dependent and not learn to take care of themselves.” That was similar to South Carolina Lieutenant Gov. Andre Bauer’s explanation of welfare mothers as “stray animals” who will “breed”because they don’t “know any better.”

Last but not least, there’s the sexualized bitch category to which Georgetown student Sandra Fluke was dragged, in a sort of gender-bending mode, when Republican state representative Krayton Kerns, an actual “cow doctor,” compared herto a rutting bulldog paid stud fees for sex at Kern’s veterinary school.

These right-wing politicians and legislators obviously favor pigs, cows and livestock in their “women are not quite human” metaphors and analogies. What does this tell us about how conservatives like their womenfolk? What do these animals share?

The USS Illinois will be the first Navy submarine to be staffed by an all-female crew. The sub will be sponsored by First Lady Michelle Obama.

On Monday, First Lady Michelle Obama officially sponsored the Virginia-class submarine, which will be one of the newest nuclear-powered boats scheduled to enter the fleet by 2015, according to a White House statement.

“It’s an honor and a privilege to serve as sponsor of the USS Illinois,” the first lady said, according to the statement. “This submarine is a tribute to the strength, courage, and determination that our Navy families exhibit every day.”

The Illinois is the second ship the First Lady has sponsored since coming to the White House. She sponsored the Coast Guard Cutter Stratton, based in Alameda, California, earlier this year, according to administration officials.

Former First Lady Laura Bush sponsored another Virginia-class attack sub, named the USS Texas, in 2004. In 1994, then First Lady Hillary Clinton sponsored the Los Angeles-class sub USS Columbia.

Obama’s endorsement of the Illinois, particularly its all-female crew, comes as women in the military are pushing the Pentagon for a larger role in combat operations.

The Pentagon announced in February that it was opening up 14,000 new positions, most in the Army, to women after a review of its policies on women in combat.

How cool is that?

What’s on your reading and blogging list this morning?


Memorial Day Open Thread

There are all kinds of veterans to remember today!

Don’t forget our furry heroes!

This an open thread.

I thought I’d post this picture of my mom and dad.  My dad is a veteran of World War 2. He was a bombardier for the 8th Air Force–although it was the Army Air Corps when he joined– and was stationed in Northern England.  He once flew under the command of Jimmy Stewart.  He said he sounded just like he did in the movies. He flew missions over Northern Europea in B-17s.  Anyway, he’s nearly 90 and will finally share his war stories with us after years of not wanting to talk about it.  I took him to the WW2 Museum here in New Orleans on his last visit.  He really liked that.  There’s very few of his crew left but they all remained in contact with each other until the day they died. He’s a young lieutenant in this photo.  I’m going to have to get him to remember exactly when it was taken but that’s by the front porch of my grandparent’s house.  I’m posting this in remembrance of all his buddies that are no longer able to reminisce with Dad.  I keep asking him to give me all his stuff–including their pictures and logs–so I can put them in the WW2 museum documents library.  We all will never forget their service.

So, if you have any one you’d like to remember, please post their picture or a remembrance!

UPDATE by Boston Boomer: Here’s a photo of my Dad in his National Guard uniform. I couldn’t figure out how to put it in a comment, so I took the liberty of putting it here. I hope Dak won’t mind. The little girl is my cousin. He was really young. He lied about his age to get into the Guard so he could use the money for college. Dad didn’t meet my mom till after the war and returned to school.

This must have been taken before Dad left for Louisiana for training. His National Guard regiment, the 164th, was the first army regiment to be shipped out after Pearl Harbor. They went right to Guadalcanal to support the Marines who were stranded there with diminishing supplies. They were down to one meal a day by the time Dad’s unit got there. I think Ralph’s father was one of those marines.

When the bombs were dropped my Dad was on the way to Japan. Ironically, I might never have been born except for the bombs dropped on Hiroshima and Nagasaki.

I miss my dad so much. He died on March 11, 2010. He was almost 88.