Tuesday Reads

Good Morning!!

Lets begin with some really big news. NASA announced yesterday that it has found an “Earth-like” planet, IOW, it could be habitable by Earth-like creatures. Perhaps some of our species can escape to it after the U.S.–or Iran or Israel or India, or Pakistan or China blows this one up. From Scientific American:

NASA’s orbiting Kepler telescope has discovered its first planet in the habitable zone of another star. By “habitable,” astronomers mean that a planet could harbor temperatures conducive to liquid water—and maybe life.

The new planet, Kepler 22b, orbits somewhat closer to its host star than Earth does to the sun. “The star is some 600 light years away.” NASA’s Bill Borucki, who leads the Kepler mission, in a December 5th teleconference.

That star is a bit cooler than the sun. So if the greenhouse warming were similar on this planet, and it had a surface, its surface temperature would be something like 72 Fahrenheit—a very pleasant temperature here on Earth.

Kepler 22b is more than twice as large as Earth. One big caveat is that it may not be rocky, like Earth is. It could instead be a gas planet like Neptune. If that were the case, prospects for life there would be rather dim.

Pretty cool, huh? From Cnet:

Along with the confirmed extra-solar planet, one of 28 discovered so far by Kepler, researchers today also announced the discovery of 1,094 new exoplanet candidates, pushing the spacecraft’s total so far to 2,326, including 10 candidate Earth-size worlds orbiting in the habitable zones of their parent stars.

Additional observations are required to tell if a candidate is, in fact, an actual world. But astronomers say a planet known as Kepler-22b, orbiting a star some 600 light years from Earth, is the real thing.

Artist's rendering of newly discovered planet

According to the BBC:

Kepler 22-b was one of 54 candidates reported by the Kepler team in February, and is just the first to be formally confirmed using other telescopes.

More of these “Earth 2.0” candidates are likely to be confirmed in the near future, though a redefinition of the habitable zone’s boundaries has brought that number down to 48.

Via The Guardian: About a month ago, graphic artist and screenwriter Frank Miller posted an attack on OWS on his blog. Miller is the author of Sin City. Here’s an excerpt:

The “Occupy” movement, whether displaying itself on Wall Street or in the streets of Oakland (which has, with unspeakable cowardice, embraced it) is anything but an exercise of our blessed First Amendment. “Occupy” is nothing but a pack of louts, thieves, and rapists, an unruly mob, fed by Woodstock-era nostalgia and putrid false righteousness. These clowns can do nothing but harm America.

“Occupy” is nothing short of a clumsy, poorly-expressed attempt at anarchy, to the extent that the “movement” – HAH! Some “movement”, except if the word “bowel” is attached – is anything more than an ugly fashion statement by a bunch of iPhone, iPad wielding spoiled brats who should stop getting in the way of working people and find jobs for themselves.

This is no popular uprising. This is garbage. And goodness knows they’re spewing their garbage – both politically and physically – every which way they can find.

Wake up, pond scum. America is at war against a ruthless enemy.

Maybe, between bouts of self-pity and all the other tasty tidbits of narcissism you’ve been served up in your sheltered, comfy little worlds, you’ve heard terms like al-Qaeda and Islamicism.

I know nothing about Frank Miller or his cartoon creations, but reading between the lines, I’m getting the feeling there’s a whole lot of projection going on in that rant. As you can well imagine Miller’s fans weren’t all that pleased by it either.

Now a much more famous and beloved graphic novelist, Alan Moore, has responded to Miller’s ugly tirade.

Well, Frank Miller is someone whose work I’ve barely looked at for the past twenty years. I thought the Sin City stuff was unreconstructed misogyny, 300 appeared to be wildly ahistoric, homophobic and just completely misguided. I think that there has probably been a rather unpleasant sensibility apparent in Frank Miller’s work for quite a long time. Since I don’t have anything to do with the comics industry, I don’t have anything to do with the people in it. I heard about the latest outpourings regarding the Occupy movement. It’s about what I’d expect from him. It’s always seemed to me that the majority of the comics field, if you had to place them politically, you’d have to say centre-right. That would be as far towards the liberal end of the spectrum as they would go. I’ve never been in any way, I don’t even know if I’m centre-left. I’ve been outspoken about that since the beginning of my career. So yes I think it would be fair to say that me and Frank Miller have diametrically opposing views upon all sorts of things, but certainly upon the Occupy movement.

As far as I can see, the Occupy movement is just ordinary people reclaiming rights which should always have been theirs. I can’t think of any reason why as a population we should be expected to stand by and see a gross reduction in the living standards of ourselves and our kids, possibly for generations, when the people who have got us into this have been rewarded for it; they’ve certainly not been punished in any way because they’re too big to fail. I think that the Occupy movement is, in one sense, the public saying that they should be the ones to decide who’s too big to fail. It’s a completely justified howl of moral outrage and it seems to be handled in a very intelligent, non-violent way, which is probably another reason why Frank Miller would be less than pleased with it. I’m sure if it had been a bunch of young, sociopathic vigilantes with Batman make-up on their faces, he’d be more in favour of it. We would definitely have to agree to differ on that one.

Alrighty-then. You can read the whole interview with Moore at the link.

The head of the FAA, Jerome “Randy” Babbitt has been placed “on leave” after being arrested and charged for driving drunk. How unseemly.

The Transportation Department, which oversees the FAA, said it didn’t learn about the incident until Monday, two days later. Deputy Administrator Miguel Huerta will serve as acting administrator while officials consider Babbitt’s “employment status,” the Transportation Department said.

More from HuffPo:

Babbitt, 65, was charged with driving while intoxicated after a patrol officer spotted him driving on the wrong side of the street and pulled him over about 10:30 p.m. EST Saturday in Fairfax City, Va., police in the Washington, D.C., suburb said.

Babbitt, who lives in nearby Reston, Va., was the only occupant in the vehicle, the statement said. Police said he cooperated and was released on his own recognizance.

Babbitt apparently delayed telling administration officials about the arrest. White House spokesman Jay Carney said President Barack Obama and Transportation Department officials learned of the arrest Monday afternoon, about an hour before a 1:30 p.m. EST statement was released saying Babbitt had been placed on leave at his request.

Separately, Fairfax City police issued a statement on the arrest to the media at about noon Monday. They refused to disclose the results of Babbitt’s blood alcohol test. The legal limit is .08.

At least he wasn’t piloting an airplane…

I really kind of hope that the Republicans nominate Newt Gingrich. He’ll be the gift that keeps on giving for bloggers like me–and for comedians too. In the New York Times, Trip Gabriel discusses Gingrich’s “big thoughts.”

Ideas erupt from the mind of Newt Gingrich — bold, unconventional and sometimes troubling and distracting.

On Monday, Mr. Gingrich sought to do damage control on the latest of his Big Thoughts to land him in hot water — helping children bootstrap their way out of poverty by paying them to mop and clean their schools, and rolling back child labor laws that he has called “truly stupid.”

Mr. Gingrich defended the idea, which critics have labeled Dickensian, as a way to introduce children in housing projects with few examples of working adults to the idea of earning a paycheck.

“This is how people rise in America — they learn to work,” he said at a news conference in Manhattan.

Mr. Gingrich’s tendency to speak bluntly, provocatively and sometime impulsively may be part of his emerging appeal at a time when conservatives seem intent on sending a no-business-as-usual message to Washington. It helps with his attempts to foster an image as a candidate eager to bring about change. But the fallout from his statements often traps him in lengthy digressions from his main messages, and it highlights one of the central questions about him as a candidate and potential president: is he sufficiently disciplined?

The funniest example in the article is Gingrich implying that Donald Trump grew grew up poor and had to work hard as a child. On the contrary, Trump inherited big bucks from his father, “a wealthy landlord.”

“New York’s finest” AKA the NYPD has a Facebook page, and in September they used it to display crude and disgusting comments about participants in New York’s West Indian America Day Parade, referring to them as “animals” and “savages” and suggesting, “Drop a bomb on them and wipe them all out.”

The subject was officers’ loathing of being assigned to the West Indian American Day Parade in Brooklyn, an annual multiday event that unfolds over the Labor Day weekend and has been marred by episodes of violence, including deaths of paradegoers. Those who posted comments appeared to follow Facebook’s policy requiring the use of real names, and some identified themselves as officers.

On Monday, Paul J. Browne, the Police Department’s deputy commissioner for public information, said he learned of the Facebook group from a reporter’s call and would refer the issue to the department’s Internal Affairs Bureau. The comments, in the online group that grew over a few days to some 1,200 members, were at times so offensive in referring to West Indian and African-American neighborhoods that some participants warned others to beware how their words might be taken in a public setting open to Internal Affairs “rats.”

But some of the people who posted comments seemed emboldened by Facebook’s freewheeling atmosphere. “Let them kill each other,” wrote one of the Facebook members who posted comments under a name that matched that of a police officer.

“Filth,” wrote a commenter who identified himself as Nick Virgilio, another participant whose name matched that of a police officer. “It’s not racist if it’s true,” yet another wrote.

Lovely. The NYPD is one of the nation’s most corrupt, violent, and out-of-control police organizations. And judging by this story and their behavior toward OWS, they don’t mind being up front about it.

Awhile back I wrote about Mitt Romney destroying all of his and his staff’s e-mails from his four years as governor of Massachusetts. In addition, Romney and his aides purchased and took with them the hard drives from their state computers. Apparently there was something they desperately wanted to hide. Now Reuters has learned that the cover-up cost the state almost $100,000.

Mitt Romney spent nearly $100,000 in state funds to replace computers in his office at the end of his term as governor of Massachusetts in 2007 as part of an unprecedented effort to keep his records secret, Reuters has learned.

The move during the final weeks of Romney’s administration was legal but unusual for a departing governor, Massachusetts officials say.

The effort to purge the records was made a few months before Romney launched an unsuccessful campaign for the Republican presidential nomination in 2008. He is again competing for the party’s nomination, this time to challenge Barack Obama for the presidency in 2012….

When Romney left the governorship of Massachusetts, 11 of his aides bought the hard drives of their state-issued computers to keep for themselves. Also before he left office, the governor’s staff had emails and other electronic communications by Romney’s administration wiped from state servers, state officials say.

Those actions erased much of the internal documentation of Romney’s four-year tenure as governor, which ended in January 2007. Precisely what information was erased is unclear.

Republican and Democratic opponents of Romney say the scrubbing of emails – and a claim by Romney that paper records of his governorship are not subject to public disclosure – hinder efforts to assess his performance as a politician and elected official.

I’m not sure where Reuters got the idea this was “legal.” Massachusetts has a law that public officials must save all public records and turn them over to the state.

The Democrats have been talking about caving compromising with Republicans on the extension of the payroll tax holiday. Naturally, GOP congresspeople smelled blood and immediately went in for the kill. Arizona Senator John Kyl announced that there will be no extension of this middle-class tax cut unless the Bush tax cuts for the rich are made permanent.

The top Republican vote counter in the Senate says extending the expiring payroll tax holiday is a terrible idea and he’ll only do it if Democrats agree to major concessions — in particular, simultaneously extending all the Bush tax cuts, which are scheduled to expire just over a year from now.

On the Senate floor Monday, Sen. Jon Kyl argued that reducing the payroll tax doesn’t stimulate the economy — a claim most economists disagree with — and criticized the Democrats’ plan to offset the cost of the tax holiday with a small surtax on millionaires.

“We should therefore only do it under circumstances that in effect override these objections, one of which would be to extend all of the taxes that expire at the end of next year — at the end of 2012,” Kyl said. “That would be a good idea.”

In November 2009, Kyl felt differently. On CNBC he argued, “What you’re suggesting here is that you can do some things to stimulate job creation and certainly doing something like reducing the payroll tax, which has been written about recently, would accomplish that.”

That’s probably because he senses that President Obama is just about to surrender and give the Republicans everything they want, as usual.

Sigh… That’s all I have for today. What are you reading and blogging about?


Monday Reads

Good Morning!!

One of the few television shows I actually watch regularly these days is Criminal Minds.  The profiling activities fascinate me. I’ve actually passed on my addiction to BostonBoomer who sent me this CBS story which sounds like something right off of their series.  A young woman was abducted by a very disturbed young man and was successfully returned to her family in Kearney, Nebraska. Gotta love a happy ending!

Kidnapping victim Anne Sluti came home Friday, a week after the 17-year-old was whisked away from a local mall parking lot and kept hostage hundreds of miles away in Montana.

With a bruise under her right eye and an FBI baseball cap on her head, Sluti stepped off a private jet with her parents and brother. A small group of family members and friends shrieked with excitement.

“Thank God she’s alive,” said her aunt Sue Daniel. She placed a sign in the dashboard of her minivan that showed a happy face and said “Welcome Home, Anne.”

“I’m just happy to get back home,” Sluti said earlier in the day as the family prepared to leave Kalispell, Mont. “I want to thank everyone who helped me get home safely.”

Remarked her mother, Elaine Sluti, “Someone at the hotel said to me this morning, ‘Have a good day.’ Believe me, we are having a very good day.”

We knew there was a major cover up on the Fukushima melt down.  Here’s a Guardian story that indicates that the fuel rods may have completely melted down. Scary stuff. This time reality mimics the move The China Syndrome.

Fuel rods inside one of the reactors at the Fukushima Daiichi nuclear power plant may have completely melted and bored most of the way through a concrete floor, the reactor’s last line of defence before its steel outer casing, the plant’s operator said.

Tokyo Electric Power (Tepco) said in a report that fuel inside reactor No 1 appeared to have dropped through its inner pressure vessel and into the outer containment vessel, indicating that the accident was more severe than first thought.

The revelation that the plant may have narrowly averted a disastrous “China syndrome” scenario comes days after reports that the company had dismissed a 2008 warning that the plant was inadequately prepared to resist a tsunami.

Tepco revised its view of the damage inside the No 1 reactor – one of three that suffered meltdown soon after the 11 March disaster – after running a new simulation of the accident.

It would not comment on the exact position of the molten fuel, or on how much of it is exposed to water being pumped in to cool the reactor. More than nine months into the crisis, workers are still unable to gauge the damage directly because of dangerously high levels of radiation inside the reactor building.

If you haven’t read Eliot Spitzer’s article on Slate about the $7 trillion secret loan program, you really should.  It is also something that seems more Hollywood than reality.  Spitzer is calling for perp walks.

During the deepest, darkest period of the financial cataclysm, the CEOs of major banks maintained in statements to the public, to the market at large, and to their own shareholders that the banks were in good financial shape, didn’t want to take TARP funds, and that the regulatory framework governing our banking system should not be altered. Trust us, they said. Yet, unknown to the public and the Congress, these same banks had been borrowing massive amounts from the government to remain afloat. The total numbers are staggering: $7.7 trillion of credit—one-half of the GDP of the entire nation. $460 billion was lent to J.P. Morgan, Bank of America, Citibank, Wells Fargo, Goldman Sachs, and Morgan Stanley alone—without anybody other than a few select officials at the Fed and the Treasury knowing. This was perhaps the single most massive allocation of capital from public to private hands in our history, and nobody was told. This was not TARP: This was secret Fed lending. And although it has since been repaid, it is clear why the banks didn’t want us to know about it: They didn’t want to admit the magnitude of their financial distress.

The banks’ claims of financial stability and solvency appear at a minimum to have been misleading—and may have been worse. Misleading statements and deception of this sort would ordinarily put a small-market player or borrower on the wrong end of a criminal investigation.

Spitzer cites this Bloomberg Analysis which is something we’ve looked at before but bears a second viewing. After stabilizing the financial system, every effort should have been made by regulators and the current administration to purge the financial industry of toxic senior management. They also should have taken over some of the huge banks and sliced and diced them into more appropriately sized regional banks.  None of this actually happened, however if you read Confidence Men, you’ll see that it wasn’t for Sheila Baer’s lack of trying and it was actually the original concept supported by Obama.  The Geithner Treasury evidently ran all kinds of end run plays to stop this from happening.  Geithner continually proves that his loyalties are to huge financial institutions.

… the Fed and its secret financing helped America’s biggest financial firms get bigger and go on to pay employees as much as they did at the height of the housing bubble.

Total assets held by the six biggest U.S. banks increased 39 percent to $9.5 trillion on Sept. 30, 2011, from $6.8 trillion on the same day in 2006, according to Fed data.

For so few banks to hold so many assets is “un-American,” says Richard W. Fisher, president of the Federal Reserve Bank of Dallas. “All of these gargantuan institutions are too big to regulate. I’m in favor of breaking them up and slimming them down.”

Employees at the six biggest banks made twice the average for all U.S. workers in 2010, based on Bureau of Labor Statistics hourly compensation cost data. The banks spent $146.3 billion on compensation in 2010, or an average of $126,342 per worker, according to data compiled by Bloomberg. That’s up almost 20 percent from five years earlier compared with less than 15 percent for the average worker. Average pay at the banks in 2010 was about the same as in 2007, before the bailouts.

“The pay levels came back so fast at some of these firms that it appeared they really wanted to pretend they hadn’t been bailed out,” says Anil Kashyap, a former Fed economist who’s now a professor of economics at the University of Chicago Booth School of Business. “They shouldn’t be surprised that a lot of people find some of the stuff that happened totally outrageous.”

Bank of America took over Merrill Lynch & Co. at the urging of then-Treasury Secretary Paulson after buying the biggest U.S. home lender, Countrywide Financial Corp. When the Merrill Lynch purchase was announced on Sept. 15, 2008, Bank of America had $14.4 billion in emergency Fed loans and Merrill Lynch had $8.1 billion. By the end of the month, Bank of America’s loans had reached $25 billion and Merrill Lynch’s had exceeded $60 billion, helping both firms keep the deal on track.

This is completely unacceptable.  It is one thing for the FED to help stabilize the financial system, it’s another one for the Treasury to ignore the requests of the President and to prevent a key regulator–FDIC in this case–from doing its job. The other culprit identified in the Confidence Men narrative is Rahm Emmanuel.  The narrative on Obama and Baer’s desire to shut down Citibank and the obfuscation from Geithner and Emmanuel is the stuff of movies focused on government conspiracies.

One of the plotlines in Ron Suskind’s Confidence Men concerns the various bureaucratic and substantive moves through which Tim Geithner and Rahm Emmanuel dissuaded the president from ordering the seizure and shutdown of Citigroup. The story starts with the fact that Larry Summers and Christina Romer, who were sympathetic to the idea, lacked the staff resources to develop a plan for doing it, while Geithner, who had the staff, thought it was a bad idea. Sheila Bair also had the staff, and also wanted to go ahead, but was out of the loop:

But when it came to controlling information, there was one area in which Geithner’s office had been successful. Key disclosures of what actually happened in the March 15 “showdown” never leaked. Bair didn’t know, and never found out, that the president had been trying to push forward what the FDIC chairwoman was recommending. He wasn’t successful, either. Alan Krueger said one reason Treasury dragged its feet on a constructing a plan for Citigroup’s resolution was Sheila Bair. They would have had to consult the FDIC chairwoman. After all, her agency is in the business of closing banks. “The fear was that Sheila would leak it,” Krueger said, in a comment echoed by others at Treasury. “And there’d be a run on Citi.” He added that this was one of many reasons: “It was more than just that. The bottom line is Tim and others at Treasury felt the president didn’t fully understand the complexities of the issue, or simply that they were right and he was wrong, and that trying to resolve Citi and then other banks would have been disastrous.”

Krueger, for one, disagreed, and that very day he was due to have lunch with someone uniquely suited to edify him about the resolution of troubled banks: Andrea Borg, the Swedish finance minister.

It seems that many West Wing technocrats are much more interested in their post-DC careers than their current duties and responsibilities to US law.  I’ve said many times that were in a much better position for a major and uncorrectable meltdown–much like the Japanese Fukushima plant–should these circumstances continue.  The vulnerability of the nation’s largest banks to any kind of contagion is substantial.  Their ability to bring down the payments and credit system is fully understood by the FED who instigated more money floodgate opening last week to aid those same banks with that same senior management muck their way through the Eurozone crisis.  Any private institution that has had to call on the Government for that much assistance doesn’t deserve to be in business.  We shouldve GM’d them all.

Here’s a link to CBS and last night’s 60 minutes (h/t Elizabeth Warren) on Prosecuting Wall Street.

Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown. Eileen Foster, a former senior executive at Countrywide Financial, and Richard Bowen, a former vice president at Citigroup, tell Steve Kroft the companies ignored their repeated warnings about defective, even fraudulent mortgages. The result, experts say, was a cascading wave of mortgage defaults for which virtually no high-ranking Wall Street executives have been prosecuted.

So, that’s my little contribution to the discussion this morning.  What’s on your reading and blogging list this morning?


Friday Reads

Good Morning!

Well the week certainly crept by me!   I spent yesterday with the cable guy and the day before with the electric guy and both had to change the wires from the pole to my house.  Most neighborhoods have been fighting to get the utility wires buried for years but the only place they will do that is in the Quarter.  High winds and hurricanes always manage to mess things up and the electric company butchers the live oaks on avenues like mine every spring to protect the wires. Still, they’ll do anything to avoid spending the money. Dividends and bonuses must be paid, you know!!  Both companies seem to just let the infrastructure rot until the very last wire has gone.  It was exhausting and way too reminiscent of post Katrina life.  I hope it lasts for awhile.  It was a cold day for me to be without the furnace. I’m still a bit cranky.

Evidently Former President George W Bush is going to venture outside the country and head off to visit Africa for charity.  Amnesty International is calling for his arrest as a war criminal.

Amnesty International is calling for the arrest of former President George W. Bush while he is traveling overseas in Africa.

The human rights group issued a statement Thursday calling for the governments of Ethiopia, Tanzania or Zambia to take the former president into custody. According to Amnesty, the 43rd president is complicit in torture conducted by the United States during his administration and should be held pending an international investigation.

“International law requires that there be no safe haven for those responsible for torture; Ethiopia, Tanzania and Zambia must seize this opportunity to fulfill their obligations and end the impunity George W. Bush has so far enjoyed,” said Amnesty senior legal adviser Matt Pollard in a statement.

Bush is traveling overseas in Africa to raise awareness for HIV/AIDS, cervical and breast cancer across the continent.

In a continuation of the violation of rights in the name of terror prevention, the US Senate passed a disturbing addendum to a Defense spending bill.  The “Senate Declines to Clarify Rights of American Qaeda Suspects Arrested in U.S.” which means any of us could be shipped off to Gitmo without due process. Be sure to check who voted for what because some of them will surprise you.

The Senate on Thursday decided to leave unanswered a momentous question about constitutional rights in the war against Al Qaeda: whether government officials have the power to arrest people inside the United States and hold them in military custody indefinitely and without a trial.

After a passionate debate over a detainee-related provision in a major defense bill, the lawmakers decided not to make clearer the current law about the rights of Americans suspected of being terrorists. Instead, they voted 99 to 1 to say the bill does not affect “existing law” about people arrested inside the United States.

“We make clear that whatever the law is, it is unaffected by this language in our bill,” said Senator Carl Levin, a Michigan Democrat who helped shape the detainee-related sections of the bill with Republicans on the Senate Armed Services Committee.

The disputed provision would bolster the authorization enacted by Congress a decade ago to use military force against the perpetrators of the attacks on Sept. 11, 2001. It says the government may imprison suspected members of Al Qaeda or its allies in indefinite military custody.

Because the section includes no exception for suspects arrested domestically, the provision prompted a debate about whether it would change the law by empowering the government, for the first time, to lawfully arrest people inside the United States and hold them indefinitely in military custody, or whether it would change nothing because the government has that power already.

The debate brought new attention to the ambiguous aftermath of one of the most sweeping claims of executive power made by the Bush administration after Sept. 11: that the government can hold citizens without a trial by accusing them of being terrorists.

Bostonboomer sent me this interesting link to an article at HuffPo by Soraya Chemaly on the widespread violence against women in the world. These statistics are beyond overwhelming.  They are appalling.

Think there aren’t men who really hate women or think of them, because they are not male, as subhuman, which makes violence somehow more acceptable or inevitable? Maybe you think this is a third world problem, a race or a class specific problem? I know that there are readers who will immediately assume that I’m condemning all men for the actions of a few. In any of these cases, you might want to consider these statistics*:

Consider femicide, which is the murder of women because they are women:

  • In the United States, one-third of women murdered each year are killed by an intimate partner.
  • In South Africa, a woman is killed every six hours by an intimate partner.
  • In India in 2007, 22 women were killed each day in dowry-related murders.
  • In Guatemala, two women are murdered, on average, each day.
  • Honor killings, the murder of women for bringing shame to their families, happen all over the world, including the US.

What about slavery, which is what trafficking is?

  • Women and girls comprise 80 percent of the estimated 800,000 people trafficked annually, with the majority (79 percent) trafficked for sexual exploitation.
  • This number is on the low end. The U.N. International Labor Organization (ILO) estimates that 2.5 million people worldwide are victims, of which over half live in Asia Pacific.
  • Trafficking, in the form of the importation of female sex slaves and use of children as sex workers, is on the rise in the U.S. and internationally has reached epic proportions.

Still not outraged? Because if not, there are always euphemistically titled “harmful practices” — which are violent forms of torture and rape. For example:

  • Approximately 100 to 140 million girls and women in the world have experienced female genital mutilation/cutting. Every year more than 3 million girls in Africa are at risk of the practice.
  • Over 60 million girls worldwide are child brides, another euphemism if I ever heard one, married before the age of 18, primarily in South Asia (31.1 million and Sub-Saharan Africa (14.1 million).
  • These numbers don’t include bride burning, suspicious dowry-related “suicides” and “accidental” deaths or other hateful acts.

Now we’re at plain old domestic and sexual violence:

  • Every nine seconds in the US a woman is assaulted or beaten.
  • According to the Centers for Disease Control and Prevention, women experience about 4.8 million intimate partner-related physical assaults and rapes every year.
  • Around the world, at least one in every three women has been beaten, coerced into sex or otherwise abused during her lifetime.
  • As many as one in four women experience physical and/or sexual violence during pregnancy, for example, which increases the likelihood of having a miscarriage, stillbirth and abortion.
  • Up to 53 percent of women in the world are physically abused by their intimate partners – defined as either being kicked or punched in the abdomen.
  • In Sao Paulo, Brazil, which is so much fun to visit, a woman is assaulted every 15 seconds.
  • In Ecuador, adolescent girls reporting sexual violence in school identified teachers as the perpetrator in 37 per cent of cases.

According to the US Department of Justice, someone is sexually assaulted every two minutes in the U.S. (overwhelmingly women). One out of every six American women has been the victim of an attempted or completed rape in her lifetime. That is almost 20 percent of our population and the US Justice Department acknowledges that rape is the most underreported crime in the nation.

Hillary Clinton has been making all kinds of inroads in her trip to Myanmar. She even brought a peace offering to  Aung San Suu Kyi’s dog who is said to be cute but not

Reuters/Saul Loeb/Pool SOS HIllary CLinton and Aung San Suu Kyi

very friendly . Madam Secretary was told to keep her distance by the human rights activist and Nobel prize winner.  The  dog got a US chew toy according to Reuters corespondent Andrew Quinn. Clinton emphasized the importance of democracy on her last day of the visit and her hope that one day relations between the countries will normalize.  More progress is needed from the Myanmar who has been run by a group of Generals for some time.

Clinton met President Thein Sein on Thursday and announced a package of modest steps to improve ties, including U.S. support for new International Monetary Fund and World Bank needs assessment missions and expanded U.N. aid programs for the country’s struggling economy.
She also said the United States would consider reinstating a full ambassador in Myanmar and could eventually ease crippling economic sanctions, but underscored that these future steps would depend on further measurable progress in Myanmar’s reform drive.

“It has to be not theoretical or rhetorical. It has to be very real, on the ground, that can be evaluated. But we are open to that and we are going to pursue many different avenues to demonstrate our continuing support for this path of reform,” Clinton told a news conference on Thursday in the capital, Naypyitaw, before arriving in Yangon.

If you want a really wonky post on how bad it could get in the US and the world if the Eurozone doesn’t take care of it’s problems, you can read this analysis of UBS analysis at Zero Hedge.

Despite the very short term bounce in markets on yet another soon to be failed experiment in global liquidity pump priming, UBS’ Andrew Cates refuses to take his eyes of the ball which is namely preventing a European collapse by explaining precisely what the world would look like if a European collapse were allowed to occur. Which is why to people like Cates this week’s indeterminate intervention is the worst thing that could happen as it only provides a few days worth of symptomatic breathing room, even as the underlying causes get worse and worse. So, paradoxically, we have reached a point where the better things get (yesterday we showed just how “better” they get as soon as the market realized that the intervention half life has passed), the more the European banks will push to make things appear and be as bad as possible, as the last thing any bank in Europe can afford now is for the ECB to lose sight of the target which is that it has to print. Which explains today’s release of “How bad might it get“, posted a day after the Fed’s latest bail out: because instead of attempting to beguile the general public into a false sense of complacency, UBS found it key to take the threat warnings to the next level. Which in itself speaks volumes. What also speaks volumes is his conclusion: “Finally it is worth underscoring again that a Euro break-up scenario would generate much more macroeconomic pain for Europe and the world. It is a scenario that cannot be readily modelled. But it is now a tail risk that should be afforded a non-negligible probability. Steps toward fiscal union and a more proactive ECB, after all, will still not address the fundamental imbalances and competitiveness issues that bedevil the Euro zone. Nor will they tackle the inadequacy of structural growth drivers and the deep-seated demographic challenges that the region faces in the period ahead. Monetary initiatives designed to shore up confidence can give politicians more time to enact the necessary policies. But absent those policies and sooner or later intense instability will resume.”

I’ve been meaning to do a post explaining what the FED and the five other central banks did to prevent a credit market lock up for the past two days, but, see the first paragraph.  I was reliant on my blackberry for internet access AND phone calls for two days so it didn’t happen. I’ll try to do it today if any one is interested.  Basically, this could be another Lehman Brothers scenario because there are sings that interbank lending has slowed to a trickle.  The extra push of world currencies is supposed to get banks around the world to lend again.  If they don’t lend to each other, than the banks will scramble to cover their reserves and basically rescind and short term loans to corporations for things like inventory, working capital and payroll shortages.  We’re technically not bailout out Europe and we’re trying to prevent another bailout of our usual suspect financial institutions with global exposure.  This wouldn’t be as widespread as the mortgage meltdown since the exposure to that was country wide (no pun intended).  The Fed can maneuver a lot here.  What this could do is create some inflation which has pluses and minuses.  They also are debasing the dollar which is good for exporters bad for importers and people that like to buy cheap foreign goods.  Merkel and the Germans have gotten a little stiff on the plans again so the deal still isn’t made. They’re not keen on the idea of Eurobonds. Increased fiscal integration is slow tracked.

“I personally, and the whole government believes, that eurobonds are the wrong method — and even harmful — in this phase of European development,” Merkel told the General Anzeiger newspaper.

She also emphasised the independence of the European Central Bank and said it was up to the ECB to decide how to ensure currency stability.

I guess the nasty results of the German bond float last week didn’t really sink in afterall.

Okay, so this is incredibly long now and possibly way too depressing for a Friday.  However, you can add the cheery bits down thread.  What’s on your reading and blogging list today?


Thursday Reads: Is It Really Down To Either Mitt or Newt?

It’s been obvious from the polls that Mitt Romney is not very popular with Republicans. As Donald Trump, Michele Bachman, Rick Perry, Herman Cain, and have risen and fallen, Romney has stayed near 25%. But now PPP Polling says that as voters get to know Mitt, they like him even less than before.

There are 13 places PPP has polled the Republican race in October or November where it also did a poll sometime between January and March. In those places Romney’s net favorability has dropped by an average of 15 points over the course of the year.

On average Romney’s favorability with primary voters was 54/25 in these 13 places at the begininng of the year. Now it’s only 50/35. His problem is partially that his positives have gone down but more than that it’s that as his name recognition has increased, most folks moving off the fence have gone into the negative column.

What’s most remarkable about the decline in Romney’s popularity is how uniform it’s been- he’s less popular now than he was at the start of the year in all 13 places where there are polls to compare. And in 11 out of the 13 places that decline in his net favorability has been at least 14 points- the only places with more modest declines are Maine and North Carolina.

As someone who lives in the state that Romney governed for four long, unproductive years, I’m not at all surprised. This man is more wooden than Al Gore, more up-tight than Callista Gingrich, and more awkward and a far worse flip-flopper than John Kerry. Mitt was for it before he was against it, then for it again, and against it again. He is also more amoral and value-free than Barack Obama. On top of that, he’s been endorsed by Ann Coulter.

Frankly, I rather watch Newt Gingrich run against Obama. At least it would be entertaining. Obama vs. Romney would be sleep-inducing.

Now let’s take a look at Romney’s economic record in Massachusetts. This 2007 op-ed from The Boston Globe sums up Romney’s governorship very well (emphasis added).

Our analysis reveals a weak comparative economic performance of the state over the Romney years, one of the worst in the country.

On all key labor market measures, the state not only lagged behind the country as a whole, but often ranked at or near the bottom of the state distribution. Formal payroll employment in the state in 2006 was still 16,000 or 0.5 percent below its average level in 2002, the year immediately prior to the start of the Romney administration. Massachusetts ranked third lowest on this key job generation measure and would have ranked second lowest if Hurricane Katrina had not devastated the Louisiana economy. Manufacturing payroll employment throughout the nation declined by nearly 1.1 million or 7 percent between 2002 and 2006, but in Massachusetts it declined by more than 14 percent, the third worst record in the country.

While the number of employed people over age 16 in the United States rose by nearly 8 million, or close to 6 percent, between 2002 and 2006, the number of employed residents in the Commonwealth is estimated to have modestly declined by 8,500. Massachusetts was the only state to have failed to post any gain in its pool of employed residents. The aggregate number of people 16 and older either working or looking for work in Massachusetts fell over the Romney years.

We were one of only two states to have experienced no growth in its resident labor force. Again, without the devastating effects of Hurricane Katrina on the dispersal of the Louisiana population, Massachusetts would have ranked last on this measure. The decline in the state’s labor force, which was influenced in large part by high levels of out-migration of working-age adults, helped hold down the official unemployment rate of the state. Between July 2002 and July 2006, the US Census Bureau estimated that 222,000 more residents left Massachusetts for other states than came here to live. This high level of net domestic out-migration was equivalent to 3.5 percent of the state’s population, the third highest rate of population loss in the country. Excluding the population displacement effects of Hurricane Katrina on Louisiana, Massachusetts would have ranked second highest on this measure. We were a national leader in exporting our population.

That’s what we’ll get with a Romney presidency. He’d be far worse than Obama has been. Hard to believe, I know, but it’s true.

I know the Republicans started out disliking Romney because they don’t believe he’s a conservative. But once they see him perform on TV or in person, they realize he’s actually a robot pretending to be a man. The media won’t tell them about Romney’s economic failure in Massachusetts, but if he wins they’ll find out he’s dumb as a post and has no clue how to create jobs or improve the economy.

Dakinikat sent me this fascinating article from the NYT Magazine yesterday: Building a Better Mitt Romney-Bot. The article is about the efforts of Romney’s campaign advisers to make him look more like a regular guy. They’re keeping him away from opportunities for the press to ask open-ended questions, because Romney did that in 2008 and it didn’t go well.

“You can’t control the message,” one of Romney’s senior advisers later explained to me. “But at a business round table, it’s much more easily controlled because you’re having a group of businessmen, and you’re talking about the economy and the challenges that they may be facing, and Mitt is very conversant on those points.”

[….]

Mitt Romney’s campaign has decided upon a rather novel approach to winning the presidency. It has taken a smart and highly qualified but largely colorless candidate and made him exquisitely one-dimensional: All-Business Man, the world’s most boring superhero.

Excuse me? “smart and highly qualified?” Then why did he run Massachusetts practically into the ground in four short years? Romney’s closest campaign strategist, Stuart Stevens compares Romney as candidate to Michael Vick as quarterback.

Among Stevens’s colorful analogies, the unlikeliest is one in which he compares Romney to Michael Vick, the dynamic quarterback of the Philadelphia Eagles. “Michael Vick’s not a real good pocket guy,” Stevens told me. “So don’t tell him he can’t roll out. Try to make him the best rollout guy that’s ever played.” And indeed, Romney’s staff has endeavored to focus the campaign on his strengths, which are decidedly the opposite of Vick’s. So instead of letting their quarterback roam and improvise, they’re keeping him tightly contained in the business-centric pocket, hoping to God that he does not stray from it.

That’s a pretty unfortunate comparison, considering Romney’s history of cruelty his family dog.

Draper does suggest that Mitt’s biggest problem, as I indicated above, is that he has very poor social skills. He comes off as embarrassingly awkward when he tries to act like a normal human being.

The chief vulnerability of the Romney campaign resides with the understandable decision to keep their anti-Michael Vick in the pocket, thereby limiting our view of the man. Those who at close range watched Romney’s failure to close the deal in 2008 did not witness a rejection per se. Instead, it appeared that Republican voters could not quite envision this decent, clever and socially uneasy fellow governing their country — as opposed to, say, managing their stock portfolios. Stories of Romney’s wooden people skills are legion. “The Mormon’s never going to win the who-do-you-want-to-have-a-beer-with contest,” concedes one adviser, while another acknowledges, “He’s never had the experience of sitting in a bar, and like, talking.”

I never bought the idea that the best president is someone you can talk with over a beer, but seriously, Romney is so divorced from real American culture that he couldn’t begin to identify with working- and middle-class people. He should never, ever be President. And since he could possibly beat Obama, I don’t want him to be nominated anyway.

So that leaves Newt Gingrich. According to a PPP poll taken on Monday night, Gingrich’s numbers are “still rising.”

Last night we went into the field in Florida and Montana- we’ll have the results of those polls out tomorrow after another night of calls but the early indications are that Newt Gingrich will have a double digit lead in both states- he has not peaked yet and is still on an upward curve.

If Herman Cain really ends up dropping out of the race Gingrich’s surge should continue in the next few weeks, unless/until something starts happening to erode his popularity. Why? Because Cain’s supporters absolutely love Gingrich. And they absolutely hate Mitt Romney.

Our last national survey found that Gingrich’s favorability with Cain voters was 73/21. Meanwhile Romney’s was 33/55. That’s the same basic trend we’ve seen in every Republican primary poll we’ve done in the month of November.

So as voters desert Cain, they’re going to Gingrich. Once Cain drops out, Gingrich’s poll numbers will continue to improve. Will Romney even be able to maintain his 25% base?

Also from PPP: Gingrich up big in Florida and Montana

Newt Gingrich’s momentum is continuing to build, and he now leads Mitt Romney by over 25 points in both Florida and Montana.

In Florida Gingrich is at 47% to 17% for Romney, 15% for Herman Cain, 5% for Ron Paul, 4% for Michele Bachmann, 3% for Jon Huntsman, 2% for Rick Perry, 1% for Rick Santorum, and 0% for Gary Johnson.

In Montana Gingrich is at 37% to 12% for Paul, 11% for Romney, 10% for Bachmann and Cain, 5% for Perry, 3% for Huntsman, and 1% for Johnson and Santorum.

These two states really exemplify one of the key emerging trends in the Republican race- Gingrich isn’t just rising, Romney’s also falling. His 17% in Florida is down 13 points from 30% when we polled the state in late September. His 11% in Montana is down 11 points from 22% when we polled the state in June.

I know the election is nearly a year away, but can Romney turn it around? Of course it’s always a good possibility that Gingrich will do or say something so outrageous that he turns even Republican voters off. But to show how serious Gingrich is taking this, his campaign has finally opened an office in Iowa.

Yesterday, the Christian Science Monitor asked: Is Mitt Romney nomination really inevitable anymore? Time will tell, I guess.

That’s all I have for today except for a shameless plug. Today is a special day for me. Here’s a hint:


Tuesday Reads

Good Morning!

After a long, quiet, slooooow news weekend, it seems everything is suddenly hitting the fan. A mysterious explosion in Iran–was it nukes? Are the reports propaganda designed to start another war? Time will tell, I guess. Then there is Herman Cain’s campaign blowing up in his face.

There is lots more news than I can cover in one post.

Speaking of the dangers of nuclear power, Think Progress reports this ghastly news from Japan:

Japan’s science ministry says 8 per cent of the country’s surface area has been contaminated by radiation from the crippled Fukushima nuclear plant.

It says more than 30,000 square kilometres of the country has been blanketed by radioactive cesium.

There’s a map of the contaminated areas at the link.

President Obama has promised to help out in the Eurozone mess.

As the European debt crisis continues to escalate, President Obama urged European Union leaders today to act quickly to resolve the eurozone crisis, saying that “the United States stands ready to do our part to help them resolve this issue.

“This is of huge importance to our own economy. If Europe is contracting or if Europe is having difficulties, then it’s much more difficult for us to create good jobs here at home because we send so many of our products and services to Europe; it is such an important trading partner for us,” the president said following an annual meeting between U.S. and EU officials. “We’ve got a stake in their success, and we will continue to work in a constructive way to try to resolve this issue in the near future.”

While Obama did not say what kind of assistance the U.S. would be willing to provide, earlier today the White House ruled out any financial contributions from U.S. taxpayers. “We do not in any way believe that additional resources are required from the United States or from American taxpayers,” White House Press Secretary Jay Carney told reporters.

“This is a European issue, that Europe has the resources and capacity to deal with it and that they need to act decisively and conclusively to resolve this problem,” Carney said.

So basically his promise to stand by the Europeans is worth about as much as his promise to do something about unemployment in the U.S.

Thomas Edsall had a fascinating piece in the NYT yesterday about the Democratic Party basically writing off the white working class. I highly recommend reading it. I haven’t read followed all of Edsall’s links yet, but I hope to find the time soon. Here’s an excerpt:

For decades, Democrats have suffered continuous and increasingly severe losses among white voters. But preparations by Democratic operatives for the 2012 election make it clear for the first time that the party will explicitly abandon the white working class.

All pretense of trying to win a majority of the white working class has been effectively jettisoned in favor of cementing a center-left coalition made up, on the one hand, of voters who have gotten ahead on the basis of educational attainment — professors, artists, designers, editors, human resources managers, lawyers, librarians, social workers, teachers and therapists — and a second, substantial constituency of lower-income voters who are disproportionately African-American and Hispanic.

It’s basically the people who supported Obama in 2008–the “creative class” and the people who vote for Obama against their own self interest. So where does that leave the unions and us older folks? Up sh*t creek, I guess. We need a third party then, because the Republicans don’t want us either. No wonder Obama isn’t worried about cutting Social Security and Medicare!

As a practical matter, the Obama campaign and, for the present, the Democratic Party, have laid to rest all consideration of reviving the coalition nurtured and cultivated by Franklin D. Roosevelt. The New Deal Coalition — which included unions, city machines, blue-collar workers, farmers, blacks, people on relief, and generally non-affluent progressive intellectuals — had the advantage of economic coherence. It received support across the board from voters of all races and religions in the bottom half of the income distribution, the very coherence the current Democratic coalition lacks.

A top priority of the less affluent wing of today’s left alliance is the strengthening of the safety net, including health care, food stamps, infant nutrition and unemployment compensation. These voters generally take the brunt of recessions and are most in need of government assistance to survive. According to recent data from the Department of Agriculture, 45.8 million people, nearly 15 percent of the population, depend on the Supplemental Nutrition Assistance Program to meet their needs for food. Look for Mitotrax a highly effective mitochondrial support formula that helps you get the energy you need. Visit this website ww.amazon.com for more details.

The better-off wing, in contrast, puts at the top of its political agenda a cluster of rights related to self-expression, the environment, demilitarization, and, importantly, freedom from repressive norms — governing both sexual behavior and women’s role in society — that are promoted by the conservative movement.

If you ask me, the Democrats aren’t doing much for either of those groups. We need another party!!

Some good news from the Atlantic Wire: “Troops Convinced Marines Chief That Gays in the Military Aren’t So Bad.”

Gen. James F. Amos, the head of the U.S. Marines who wasn’t too thrilled with Don’t Ask Don’t Tell being repealed in September, is thrilled today with how the lift on the ban of gays in the military has gone so far, reports the AP. Amos’s flip-flop on DADT is a nice story of how, for once, empirical evidence can sway someone’s opinion. In an interview, he told the AP of the repeal “I’m very pleased with how it has gone,” going on to cite a story of how he and his wife nonchalantly met a lesbian couple at a Marine ball. Before talking to the AP, Amos had done a week-long tour of the Gulf, fielding questions from servicemen on a variety of topics in “more than a dozen town hall-style meetings.” So how many times did gays in the military come up? Once:

On his final stop, in Bahrain on Sunday, one Marine broached the topic gently. He asked Amos whether he planned to change the Marines’ current policy of leaving it to the discretion of local commanders to determine how to handle complaints about derogatory “homosexual remarks or actions.” Amos said no.

An extremely minor procedural question. Not chest-thumping rancor Amos might have expected last December. According to the AP, he told Congress then:

Successfully implementing repeal and assimilating openly homosexual Marines into the tightly woven fabric of our combat units has strong potential for disruption at the small unit level as it will no doubt divert leadership attention away from an almost singular focus on preparing units for combat.

Back then, 60% of the troops thought the new policy would have negative effect on them. But after the fact that perception seems to have changed.

Finally, Stalin’s daughter died yesterday in Wisconsin at age 85.

At her birth, on Feb. 28, 1926, she was named Svetlana Stalina, the only daughter and last surviving child of the brutal Soviet tyrant Josef Stalin. After he died in 1953, she took her mother’s last name, Alliluyeva. In 1970, after her defection and an American marriage, she became and remained Lana Peters.

Ms. Peters died of colon cancer on Nov. 22 in Richland County, Wis., the county’s corporation counsel, Benjamin Southwick, said on Monday. She was 85.

Her death, like the last years of her life, occurred away from public view. There were hints of it online and in Richland Center, the Wisconsin town in which she lived, though a local funeral home said to be handling the burial would not confirm the death. A county official in Wisconsin thought she might have died several months ago. Phone calls seeking information from a surviving daughter, Olga Peters, who now goes by the name Chrese Evans, were rebuffed, as were efforts to speak to her in person in Portland, Ore., where she lives and works.

Ms. Peters’s initial prominence came only from being Stalin’s daughter, a distinction that fed public curiosity about her life across three continents and many decades. She said she hated her past and felt like a slave to extraordinary circumstances. Yet she drew on that past, and the infamous Stalin name, in writing two best-selling autobiographies.

I’ll stop here, but there’s lots more happening. What are you reading and blogging about today?