Thursday Reads: Thanksgiving Day

Happy Thanksgiving! I hope you all have a wonderful day today.

Even though the news has been discouraging for a long time now, we probably all have something to be grateful for. I know I do. I’m going to share some of what I’m grateful for today, and I hope everyone who comes around to to our “little blog that could” today will do likewise.

First, I’m very grateful today for all of you who have helped us get up and running these past few weeks!

Most of all, I’m grateful for my family. Although we lost my dad in March, we are fortunate to still have my mom with us. I’m grateful to have close relationships with my two brothers and two sisters. I’m grateful for my nieces and nephews and my grand-nephew and grand-niece. Children are our future, and I’m fortunate to have a chance to help make it better for them.

I’m grateful to have had the chance to pursue my education in the second half of in life. I’m grateful for my mother-in-law, who was there for me when I needed a place to live after my husband and I split up. I cared for her for 18 years, and I’m very grateful to have had her in my life, and all that I learned from her. Because she gave me a place to live, I was able to return to college and eventually earn a PhD in psychology. I’m also grateful for the state and federal government help I received during the time I was in school.

I’m grateful that I’ve been sober since May, 1982. If it weren’t for my sobriety, I wouldn’t have any of the other things I’ve mentioned. I was very fortunate to be able to turn my life around beginning 28 years ago.

As you know, I’m not that happy with how things are going for our country right now. I think our political establishment is beyond corrupt and that corrupt corporations are ruining our country and perhaps the world. I’m so thankful for the internet–without the ability to communicate with other people and share my anger at our political system, I don’t know how I would have survived. So I’m very grateful to many bloggers and commenters who have helped me know that I’m not alone in my anger and frustration.

Here are a few events in today’s news that I’m grateful for:

Texas Jury Convicts Tom Delay on Money Laundering Charges

DeLay was found guilty of money laundering and conspiracy to commit money laundering, court bailiff Gilbert Soto said. He was accused of funneling $190,000 to help elect Republicans to the state House and Senate in 2002.

At the outset of the trial, DeLay predicted the jury would clear him, and he remained unrepentant after learning the verdict..

“This is an abuse of power. It’s a miscarriage of justice,” DeLay told reporters. “I still maintain that I am innocent, that the criminalization of politics undermines our very system, and I’m very disappointed in the outcome. But you know, it is what it is, and we will carry on and maybe we can get it before people who understand the law.”

More like this, please.


HIV Prevention Pill A Big Development in Communities of Color

A new study by the National Institutes of Health suggests that a pill, known as Truvada, may be able to prevent HIV infection for gay and bisexual men. Host Allison Keyes talks with Dr. Jonathan Mermin of the Centers for Disease Control and Adolph Falcon of the National Alliance for Hispanic Health about the drug and what it could mean for communities of color which are disproportionately impacted by HIV/AIDS in the US

You can listen to the interview at the link.

Nations band together to save tigers, eye comeback by 2022

The wild tiger population is less than 4 percent of what it was a century ago, and leaders in 13 nations are taking a stand against the poaching and habitat destruction that have decimated the majestic predators’ numbers….

With the conclusion of a high-profile summit, attracting guests as notable as actor Leonardo DiCaprio and Russian Prime Minister Vladimir Putin, governments and conservation groups pledged $327 million with the goal of doubling the wild tiger population by 2022….

Poaching, illegal trade and habitat destruction have forced the animal to the brink of extinction, according to the Global Tiger Initiative, which estimates that wild tigers exist today in less than 7 percent of their historic range.

“I am confident that we will look back on this day as a turning point in the effort to save one of the world’s best-loved animals,” World Wildlife Fund Director Jim Leape said.

The St. Petersburg, Russia, summit featured leaders from all 13 countries where tigers still live in the wild: Bangladesh, Bhutan, China, India, Indonesia, Cambodia, Laos, Malaysia, Myanmar, Nepal, Russia, Thailand and Vietnam.

U.S. prepares for new Wikileaks release

As with past document dumps by Wikileaks, U.S. officials expect that major international news outlets have been provided the documents in advance and that their news stories about what the documents contain will be published around the same time that the website reveals its cache of documents.

The White House and State Department are concerned because the documents may contain negative remarks made by U.S. diplomats about corrupt foreign leaders.

Army Pvt. Bradley Manning was arrested in June and charged with leaking a classified video of a 2007 U.S. helicopter attack in Baghdad that killed several civilians. There has been speculation that Manning also may have been the source for the Iraq and Afghanistan military intelligence reports released by Wikileaks.

He also may be the source of the State Department cables, because prior to his arrest Manning boasted in e-mails to a former hacker that he had passed along thousands of diplomatic cables to Wikileaks.

I’m sorry that some people in the government will suffer embarrassment, but the best disinfectant is sunshine.

Expert-Networking Worker Arrested for Insider Trading

U.S. prosecutors Wednesday arrested an employee of an “expert networking firm” on charges that he promoted the firm’s services by arranging for corporate executives to leak inside information to hedge funds.

According to a complaint unsealed in Manhattan federal court, prosecutors claimed that Don Ching Trang Chu, also known as Don Chu, who worked at California-based Primary Global Research, had arranged for hedge funds to get tips on companies including Atheros Communications, Broadcom Corp and Sierra Wireless.

The arrest comes amid a wide-ranging probe by U.S. authorities into potential insider trading at hedge funds, mutual funds and expert networks.

Great. Now let’s hope he rolls on the higher ups and the feds bust them too.

Trading Inquiry Widens to Big Firms

Federal authorities, intensifying an insider-trading investigation, are demanding trading and other information from some of the nation’s most powerful investment firms.

Hedge-fund giants SAC Capital Advisors and Citadel LLC, big mutual-fund company Janus Capital Group Inc. and Wellington Management Co., one of the nation’s biggest institutional-investment firms, have received subpoenas from the Manhattan U.S. Attorney’s office seeking trading, communications and other data as part of a broad criminal investigation, according to people familiar with the matter.

The Federal Bureau of Investigation also recently questioned an account manager at Primary Global Research LLC, a California company that provides “expert-network” services to hedge funds and mutual funds, people familiar with the matter say.

Such expert-network firms set up meetings and arrange calls between traders seeking an investing edge and current and former managers from hundreds of companies. The FBI is seeking information about a Primary Global consultant and his hedge-fund clients, these people say.

What are you grateful for today? Feel free to share your news links as always, and have a terrific Thanksgiving Day!!!!


Wednesday Morning Reads

Good Morning!!!

I thought I’d give you reason to be glad that Bobby Jindal the Terrible isn’t your governor.  He’s tearing around the country trying to start up his presidential wannabe campaign and we’ve just about had it with him.  This is from Baton Rouge’s The Advocate.  He singled out some woman professor as the poster child for unnecessary research in his new book.  He’s been out pimping for the book ala other Republican Governor Presidential Idiot Wannabes that want to be independently wealthy before they take the plunge to New Hampshire.  The poor anthropology professor was doing a longitudinal story on Russian Mail Order Brides and their U.S. husbands.  It turns out the research was funded by a grant and not tax payers too.  That didn’t stop Jindal from tearing into the article in his book or fact-checking his words or reading the article for that matter.

Read the entire Op-Ed piece and be appalled that some one with so many educational opportunities in his life wants to deny so many others that opportunity and force them into oil rig serfdom.  Baton Rouge is not exactly a bastion of liberalism so this piece may be a good sign that he’s wearing out his welcome here.   The article even sneakily mentions the one university that should be shut down and a trio of universities that should be merged because they are all in the middle of nowhere and have fewer students than most high schools. Jindal would never man up and do that. Instead he’s just draining ever useful and viable university by 1/3 of their budget a year. He’s sucking the life out of LSU, the med centers, and the law school.  LSU has consistently rated among the top public universities in the country.  Jindal obviously prefers we all go to community colleges instead.

Stop this man before he can do more damage any where else!!

Gov. Bobby Jindal’s machine of aides, bloggers, talk radio hosts and boutique publishers has turned its focus on college professors and what they do.

They attacked sabbatical study last week as a waste of money that takes teachers out of the classroom. The governor criticized scholarly study as unworthy of taxpayer dollars because such research fails to “create better lives and more job opportunities.”

At the base of this hubbub is Jindal’s apparent desire that higher education’s top officials just shut up and accept deep cuts he has planned for public college and university budgets
It all has the absurdity of season ticket holders dictating that the LSU Tigers no longer hold huddles because the quarterback’s primary job is to throw touchdowns.

If you haven’t ventured into Jindal’s ‘scholarly work’ at the New Oxford Review, please do so!!!   It’s called BEATING A DEMON ; Physical Dimensions of Spiritual Warfare. It’s all about participating in an exorcism.

”The crucifix had a calming effect on Susan, and her sister was soon brave enough to bring a Bible to her face. At first, Susan responded to biblical pas­sages with curses and profanities. Mixed in with her vile attacks were short and desperate pleas for help. In the same breath that she attacked Christ, the Bible’s authenticity, and everyone assembled in prayer, Susan would suddenly urge us to rescue her. It appeared as if we were observing a tremendous battle between the Susan we knew and loved and some strange evil force. But the momentum had shifted and we now sensed that victory was at hand.”

Maybe Jindal the Terrible should consider signing up for the new recruiting effort by the Catholic Church for exorcists and leave those of us that prefer science, rational thought, and education alone.  This is what you get when you vote for people without researching them carefully.

So, just when you think politicians couldn’t get any more elitist and just plain whacked, this brings me to something BostonBoomer, Pilgrim and I have been discussing.  The book is called ‘C Street: The Fundamentalist Threat to American Democracy’ by Jeff Sharlet.  It’s the follow-up to a book called ‘The Family’. Both let you know how many of our country’s most important institutions–like Congress and the military–have been invaded by crazy people.  Bart Stupak, John Ensign, Tom Coburn, and Jim Inhofe are among the resident nutjobs of this frat boyz for jeezus club.  This group of good ol’ boys supports some of the most villainous, heinous murders in the world you could imagine because they believe being rich is a sign that you are chosen by god.  They helped Papa Doc. They helped Suharto.  Here’s a bit from the author about David Coe, one of the C Street Family.

What was the concept? “Men who are picked by God!” Not the many, but the few. Under Coe’s guidance, Family politicians embraced the idea that God prefers the services of a dedicated elite to the devotion of the masses. “I have had a great and thrilling experience reading the condensed version of The Rise and Fall of the Third Reich, ” one of Coe’s lieutenants wrote him after Coe had given him a reading list for “the Work,” as their mission was often called. “Doug, what a lesson in vision and perspective! Nazism started with seven guys around a table in the back of an old German Beer Hall. The world has been shaped so drastically by a few men who really want it such and so. How we need this same kind of stuff as a Hitler or a Lenin.” That is, for Jesus, of course

You don’t get to call it a Godwin when a group does it to itself on its own, do you?

Okay, so those poor little put out TSA staff are now speaking out about all the trauma that they have to endure.  People actually yell at them!!!  Poor babies!!!   This is from the Daily Mail.

‘It is not comfortable to come to work knowing full well that my hands will be feeling another man’s private parts, their butt, their inner thigh,’ one told the BoardingArea blog.

‘Even worse is having to try and feel inside the flab rolls of obese passengers and we seem to get a lot of obese passengers!’

Another said he had a huge problem dealing with a ‘large number of passengers… daily that have a problem understanding what personal hygiene is.’

Well, that’s a thought.  If you’re going to travel, don’t shower for days and that will certainly raise a stink for them!  What, they thought  they were only going to get to feel up super models?  Was that in the recruiting ads some where?  Maybe they should consider quitting or complaining to their boss, John Pistole.

Just a quick heads up. Wikileaks tweeted that Wikileaks said, “Next release is 7x the size of the Iraq War Logs. Intense pressure over it for months,” and asked supporters to continue donating to the cause.  We need to start up an Ellsberg Prize for Truth.

The always outspoken Congressman Barny Frank defended Ben Bernanke and the QE2. Additionally he called Republican detractors to be more in line with China than U.S. interests.

Frank said that in the absence of additional fiscal measures, the Fed’s asset purchases are an appropriate response.

“I wish we had some more fiscal stimulus,” said Frank, a Massachusetts Democrat. “In the absence of that, given unemployment, given the complete absence of inflation, he is doing a very reasonable thing.”

The Fed has been making speeches before congress and exercising monetary policy in concern of both inflation and unemployment since the Humphrey-Hawkins Full Employment Law was passed in 1978.  I wasn’t really aware that there was anything questionable about that goal until Bostonboomer called my attention to this over at the NYT.
It seems that some Republicans want to limit the Fed’s policy scope to inflation fighting only.  This further convinces me that they have no interest in putting Americans back to work.  I’ve pretty much decided that most of the hoopla over QE2 is from financial interests who really don’t want to lend money at reasonable rates any more.  This also brings me in mind of that thought.

The Fed’s being using a modified Taylor rule for some time and has very much taken a stand in keeping with Anna Schwartz and  Milton Friedman’s seminal work on the Great Depression.  That’s the CONSERVATIVE economist Milton Friedman, remember him?  He basically said that the FED botched monetary policy and let deflation ruin the economy. What most conservatives don’t get these days–probably because they never actually both to read anything factual–is that Friedman’s analysis owes a lot to Keynes.

Read this and see if you see any similarities.

FDR was inaugurated on March 4, 1933, and two days later he declared a “bank holiday,” allowing banks legally to refuse withdrawals by depositors; it lasted ten days. With his famous phrase, “The only thing we have to fear is fear itself,” he intended to dissuade depositors from running on their banks, but by then it was far too late. In 1929 there were a total of 25,000 banks in the United States. As the bank holiday ended, only 12,000 banks were operating (though another 3,000 were to reopen eventually). The effect on the money supply was equally dramatic. From 1929 to 1933 it fell by 27 percent—for every $3 in circulation in 1929 (whether in currency or deposits), only $2 was left in 1933. Such a drastic fall in the money supply inevitably led to a massive decrease in aggregate demand. People’s savings were wiped out so their natural response was to save more to compensate, leading to plummeting consumption spending. Naturally, total economic output also fell dramatically: GDP was 29 percent lower in 1933 than in 1929. And the unemployment rate hit its historic high of 25 percent in 1933.

Friedman and Schwartz argued that all this was due to the Fed’s failure to carry out its assigned role as the lender of last resort. Rather than providing liquidity through loans, the Fed just watched as banks dropped like flies, seemingly oblivious to the effect this would have on the money supply. The Fed could have offset the decrease created by bank failures by engaging in bond purchases, but it did not. As Milton and Rose Friedman wrote in Free to Choose:

The [Federal Reserve] System could have provided a far better solution by engaging in large-scale open market purchases of government bonds. That would have provided banks with additional cash to meet the demands of their depositors. That would have ended—or at least sharply reduced—the stream of bank failures and have prevented the public’s attempted conversion of deposits into currency from reducing the quantity of money. Unfortunately, the Fed’s actions were hesitant and small. In the main, it stood idly by and let the crisis take its course—a pattern of behavior that was to be repeated again and again during the next two years.

According to Friedman and Schwartz, this was a complete abdication of the Fed’s core responsibilities—responsibilities it had taken away from the commercial bank clearinghouses that had acted to mitigate panics before 1914—and was the primary cause of the Great Depression.

Okay, what exactly is the QE2 then?  It’s large scale buying of treasury bonds.  Why are they doing it?  Because the Federal Government is not doing it’s job with the fiscal policy end.  We had a stimulus that was way too weak and way too loaded with stuff that doesn’t stimulate very well and now we’ve got these idiots around talking about deficits and inflation.  It’s like their trying to actively sabotage the economy!

Alright, well, I think I’m hitting MABLUE’s limit for being long winded so I’ll stop now. I need to go to the grocery store and see a man about some trade statistics.

What’s on your blogging and reading list today?

Tuesday Reads

Good Morning!!

Yesterday was the 47th anniversary of the murder of President John F. Kennedy. Many Americans are unaware that a great deal of archival information on the assassination and on Kennedy’s administration has become available at the National Archives in the recent years.

A number of important, even scholarly, books have now been published based on that new information. Unfortunately, more records–especially CIA records–remain hidden, but it seems clear that, as a Congressional Commission affirmed years ago, it is highly unlikely that Oswald acted alone. In fact, elements of our government were probably complicit in the assassination of a U.S. President. Here are some of the best of recent books dealing with the JFK assassination.

JFK and the Unspeakable: Why He Died and Why It Matters, by James W. Douglass

The Road to Dallas: The Assassination of John F. Kennedy, by David E. Kaiser

The Kennedy Detail: JFK’s Secret Service Agents Break Their Silence, by Gerald Blaine and Lisa McCubbin

Oswald and the CIA: The Documented Truth About the Unknown Relationship Between the U.S. Government and the Alleged Killer of JFK, by John Newman

Brothers: The Hidden History of the Kennedy Years, by David Talbot

Family of Secrets: The Bush Dynasty, America’s Invisible Government, and the Hidden History of the Last Fifty Years by Russ Baker

Our Man in Mexico: Winston Scott and the Hidden History of the CIA, by Jefferson Morley

Yesterday, the Atlantic published a piece by Jefferson Morley (the last author on my list): The Kennedy Assassination: 47 Years Later, What Do We Really Know?

Morley:

…for all the crazy ideas out there, there remain sober and careful alternative views of the assassination. These theories may or may not ultimately be right, but they represent the continuation of serious discussion of the subject.

He then debunks “five common myths about the state of the debate itself.” It would be very hard to excerpt anything from this article, you really need to read the entire thing. But here is just a taste:

Myth 3. No one high-up in the U.S. government ever thought there was a conspiracy behind JFK’s murder.

Kennedy’s successor, Lyndon Johnson, publicly endorsed the Warren Commissions conclusion that Oswald acted alone. Privately, LBJ told many people, ranging from Atlantic contributor Leo Janos to CIA director Richard Helms, that he did not believe the lone-gunman explanation.

The president’s brother Robert and widow Jacqueline also believed that he had been killed by political enemies, according to historians Aleksandr Fursenko and Tim Naftali. In their 1999 book on the Cuban missile crisis, One Hell of a Gamble: Khrushchev, Castro, and Kennedy, 1958-1964, they reported that William Walton — a friend of the First Lady — went to Moscow on a previously scheduled trip a week after JFK’s murder. Walton carried a message from RFK and Jackie for their friend, Georgi Bolshakov, a Russian diplomat who had served as a back-channel link between the White House and the Kremlin during the October 1962 crisis: RFK and Jackie wanted the Soviet leadership to know that “despite Oswald’s connections to the communist world, the Kennedys believed that the president was felled by domestic opponents.”

In the Senate, Democrats Richard Russell of Georgia and Russell Long of Louisiana both rejected official accounts of the assassination. In the executive branch, Joseph Califano, the Secretary of Army in 1963 and later Secretary of Health Education and Welfare, concluded that Kennedy had been killed by a conspiracy. In the White House, H.R. Haldeman, chief of staff to President Richard Nixon, wanted to reopen the JFK investigation in 1969. Nixon wasn’t interested.

Please read the whole thing. IMHO, 1963 is the year when everything started to go to hell for our country. The murderers were allowed to go free and even stay within our government, and today we are living with the results of allowing corruption to run rampant without any accountability.

I know not everyone likes Chris Hedges’ writing as much as I do, but please read his latest column at Truthdig if you can. It is depressing reading, I admit, but I believe Hedges is right and should be heeded. Again, a brief excerpt can’t do the piece justice, but I’ll include one anyway.

There is no hope left for achieving significant reform or restoring our democracy through established mechanisms of power. The electoral process has been hijacked by corporations. The judiciary has been corrupted and bought. The press shuts out the most important voices in the country and feeds us the banal and the absurd. Universities prostitute themselves for corporate dollars. Labor unions are marginal and ineffectual forces. The economy is in the hands of corporate swindlers and speculators. And the public, enchanted by electronic hallucinations, remains passive and supine. We have no tools left within the power structure in our fight to halt unchecked corporate pillage.

The liberal class, which Barack Obama represents, was never endowed with much vision or courage, but it did occasionally respond when pressured by popular democratic movements. This was how we got the New Deal, civil rights legislation and the array of consumer legislation pushed through by Ralph Nader and his allies in the Democratic Party. The complete surrendering of power, however, to corporate interests means that those of us who seek nonviolent yet profound change have no one within the power elite we can trust for support. The corporate coup has ossified the structures of power. It has obliterated all checks on corporate malfeasance. It has left us stripped of the tools of mass organization that once nudged the system forward toward justice.

Obama knows where power lies and serves these centers of power. The tragedy—if tragedy is the right word—is that Obama, after selling his soul to corporations, has been discarded. Corporate power doesn’t need brand Obama anymore. They have found new brands in the tea party, Sarah Palin and Glenn Beck. Obama has been abandoned by those who once bundled contributions for him by the millions of dollars. Obama and the Democratic Party will, I expect, spend the next two years being even more obsequious to corporate power. Obama clearly loves the pomp and privilege of statecraft that much. But I am not sure it will work.

I highly recommend reading the whole thing. We are approaching the point of no return–we may even have passed that point, as Hedges argues.

This morning I came across this op-ed from a PA newspaper. I think it really expresses what we saw in Obama early on, and what so many other people seemed not to see.

Above all others: Obama’s arrogance, by Ralph R. Reiland, associate professor of economics, Robert Morris University

Reiland argues that Obama’s inflated self-esteem is a huge problem. You’ll recognize the quotes, but Reiland ties them all together nicely. Here is just one:

Patrick Gaspard, former community organizer, ex-lobbyist for the Service Employees International Union and now director of Obama’s Office of Political Affairs, is quoted in a 2008 New Yorker article describing what Obama said to him during his job interview: “I think that I’m a better speechwriter than my speechwriters. I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m gonna think I’m a better political director than my political director.”

As much of the world is now beginning to understand, Obama’s opinion of himself is not very accurate, and unfortunately he has surrounded himself with sycophants who reinforce his false self-image to the detriment of our country.

Long-time media sycophant Marc Ambinder presents the White House case for gate rapes (h/t Emptywheel) at The National Journal:

The White House and the Department of Homeland Security indicated today that they won’t yield to demands to amend new airline passenger screening rules that have been decried as wildly intrusive.

On the contrary, administration officials are quietly and aggressively defending the policies against what they see as a media frenzy of distorted information. For instance, the administration noted that fewer than one half of one percent of the 34 million passengers who traveled on airplanes in or to the U.S. last week were subjected to crotch-area pat-downs.

They also disputed the very notion of a public backlash, even as those words played ubiquitously on news tickers and as video parodies of the Transportation Safety Administration were being emailed around the globe. Before press coverage of the new rules reached a roar late last week, TSA received only 700 complaints nationwide about its procedures, an administration official said. The official insisted on anonymity because the information was not intended for public release. The issue is sensitive because physical space intrusions are just about the last thing an administration cast by Republicans as prone to governmental overreach needs.

Talk about clueless. I can’t imagine how Obama and his Chicago gang actually believe he can be reelected with such tone-deaf strategies.

At FDL, Emptywheel is doing yeoman’s work on the TSA story. Here’s a bit of her latest post: White House: Only 170,000 People Have Had Genitalia Groped by Complete Stranger in Last Week

The White House has started a pushback campaign on gate rape that is reminiscent of “Recovery Summer” or “Mission Accomplished” for its credibility.

It consists of a number of things, in addition to the inevitable army of talking-point-people using the word “enhanced” the same way Cheney did.

She is particularly angered by Obama’s claim that naked body scanners and crotch gropes are the only techniques that can prevent attacks like the one attempted by the underpants bomber:

Um, no. You see, after the underwear bombing, we had a whole bunch of studies that examined what went wrong and what might have been effective against the underwear bomber. And the answer–in the face of clear fuck-ups by the NCTC and CIA (and to a much lesser degree, the FBI for which John Pistole then served as second-in-command)–the answer was to stop fucking up and start sharing information. To claim that junk-touching is the only thing that would be effective at stopping the undie bomber, when we know that the intelligence community had already identified Umar Farouk Abdulmutallab but failed to stop him, is an out and out lie.

Mind you, crotch groping might be effective if al Qaeda or another terrorist organization decided to launch the same type of attack, this time from within the United States. Or it might be effective against another sort of attack we haven’t yet thought up. Then again, it pointedly wouldn’t be effective against an attack by an organization that has proven itself capable of adjusting and exploiting new weaknesses–that is, the organization we’re fighting.

If only fighting terrorism were the real goal of these police state tactics. Unfortunately, the goal (IMNSHO) is to scare the bejesus out of innocent American citizens to soften them up for even more invasive tactics to come.

Remember how Obama acknowledged that he doesn’t have to go through the nightmare of naked body scanning like the “small people”? Ian Welsh reminds us that most rich people don’t have to deal with this crap either–it’s just us serfs.

If important people don’t have skin in the game, things don’t get fixed and the quality of whatever experience they don’t experience doesn’t get better. Everyone, most especially the rich and powerful, must fly on the same planes, must be subject to the draft, must have their kids go to the same schools and so on. Only then will the general quality be high.

To the extent possible the rich have created an entire alternative structure: they don’t fly on the same planes, their kids don’t go to the same schools, they don’t fight in the wars, they have hotels that you will never enter (can you afford 50K a night?) They live in a system parallel to that of ordinary people.

The rich must never, ever, be allowed to opt out of the shared social and economic experience. Fly first class? Sure, but not on private jets. Drive in a limo? Sure, but not fly in a helicopter avoiding congestion. Get a room to themselves in the hospital? Sure, but not jump the queue for treatment in front of anyone.

Too late, that ship has sailed.

Okay, I’ve probably thoroughly depressed you, and I’m sorry for that. But still, where there’s life, there’s hope. Maybe you guys can find some cheerful news even though I couldn’t. What stories and blogs are you following today?


Monday Reads

Good Morning!

First up is something that is one huge step back for civil rights and humankind.  I can’t believe this outrageous motion was adopted by the UN.  The US and its allies need to object vigorously.

The UN has removed a reference to sexual orientation from a resolution condemning arbitrary and unjustified executions.

The UN General Assembly resolution, which is renewed every two years, contained a reference opposing the execution of LBGT people in its 2008 version. But this year’s version passed without any reference to gay rights after a group of mostly African and Asian countries, led by Mali and Morocco, voted to remove it.

Gay rights groups fear the move — which passed in a narrow 79 to 70 vote — will act as a signal that persecuting people for their sexual orientation is internationally acceptable.

“This vote is a dangerous and disturbing development,” Cary Alan Johnson, executive director of the International Gay and Lesbian Human Rights Commission, said in a statement. “It essentially removes the important recognition of the particular vulnerability faced by lesbian, gay, bisexual and transgender people — a recognition that is crucial at a time when 76 countries around the world criminalize homosexuality, five consider it a capital crime, and countries like Uganda are considering adding the death penalty to their laws criminalizing homosexuality.”

Johnson was referring to a bill introduced in Uganda’s legislature last year that would mandate the death penalty for multiple acts of gay sex or for any gay person carrying HIV. Though the bill appeared to be shelved after an international outcry, its principal supporter said last month the bill would be law “soon.”

Thankfully, we’re moving closer to repealing DADT.   The Marines have stated that they stand ready to remove enforcement of the provision. Semper Fi!!!

The head of the U.S. Marine Corps will fully cooperate with a repeal of the “don’t ask, don’t tell” policy barring openly gay and lesbian soldiers from the military, Joint Chiefs of Staff Chairman Adm. Mike Mullen said Sunday.

In an interview on CNN’s “State of the Union,” Mullen said there was “no question” that Marine Commandant Gen. James Amos, an opponent of repealing the “don’t ask, don’t tell” policy at this time, would implement all necessary changes to allow openly gay Marines to serve if Congress passes a repeal measure.

“He basically said that if this law changes, we are going to implement it, and we are going to implement it better than anybody else,” Mullen said of comments Amos recently made at a townhall-style meeting with Marines.

The U.S. Senate is expected to vote on repealing the policy in coming weeks. The House already has passed a repeal measure, and President Barack Obama says he supports repeal under a process worked out with Mullen and Defense Secretary Robert Gates that includes a review of what the change would entail for the military.

Secretary of State Hillary Clinton appeared on Fox News on Sunday . Clinton told Chris Wallace that she believed the ‘vast majority’ of Gitmo detainees should be tried in civilian courts.

We do believe that what are called Article Three trials, in other words in our civilian courts, are appropriate for the vast majority of detainees,” Clinton told Fox News’ Chris Wallace.

This week, a civilian trial convicted Guantanamo Bay detainee Ahmed Ghailani on one count and acquitted him of more than 280 other counts.

“The question is do you have any choice now except to hold all of the terror detainees at Gitmo or either give them military trials or hold them indefinitely?” Wallace asked Clinton.

“The sentence for what he was convicted of is 20 years to life,” Clinton replied. “That is a significant sentence. Secondly, some of the challenges in the courtroom would be the very same challenges before a military commission about whether or not certain evidence could be used.”

Clinton also appeared on Meet the Press. She expressed reservations about the intrusive pat down procedures adopted by the TSA.

The Secretary of State also branded the procedure as ‘offensive’ and called for officials to make the new airport security measures less intrusive.

Speaking on CBS’ Face the Nation and NBC’s Meet the Press, Mrs Clinton said she recognised the need for tighter security but said there was a need to ‘strike the right balance’ and ‘get it better and less intrusive and more precise.’

When asked if she would submit to a pat-down, she replied ‘Not if I could avoid it. No. I mean, who would?’

Mrs Clinton added she understood ‘how offensive it must be’ for passengers forced to endure the measures.

Another economist–Professor James Hamilton–is incensed about that stupid bunny cartoon with it’s outrageous lies on QE.  There’s some more take down of the stupid thing on Econbrowser.  Hamilton explains why ‘the Goldman Sachs’ is one of the agents used by the Fed when it does Open Market Operations.   Basically, it’s the law and this is true  if it’s in the name of QE or just regular monetary policy.  He also takes down some of the other ones so that I don’t have to do it.  He tackles the inflation fallacy as well as the stupid comment about QE being the equivalent of printing money.

Goldman Sachs is one of 16 different dealers from which the Federal Reserve Bank of New York solicits competitive bids. That’s the way it’s been done for a century, and it would be illegal for the Fed to do as the bunnies propose. From U.S. Monetary Policy and Financial Markets, 1998, Chapter 7:

The Federal Reserve makes all additions to its portfolio through purchases of securities that are already outstanding. The Federal Reserve Act [of 1913] does not give the [Federal Reserve] System the authority to purchase new Treasury issues for cash. Over the years, a variety of provisions had permitted the Treasury to borrow limited amounts directly from the Federal Reserve. Options for such loans existed until 1935. Temporary provisions for direct loans were reintroduced in 1942 and renewed with varying restrictions a number of times thereafter. Authority for any kind of direct loans to the Treasury lapsed in 1981 and has not been renewed.

The reason that the Fed has always been required to buy bonds from private dealers rather than the U.S. Treasury is that the process of money creation needs to be institutionally separated from the process of financing the public debt. In fact, the potential blurring of those boundaries is one of the most important legitimate criticisms of quantitative easing.

Another topic that confuses a lot of people is the Social Security Trust Fund. Does it exist or not?  John Holbo at Crooked Timber takes on Matt Yglesias and a Planet Money podcast.   He explains it in terms of a parent (the government) borrowing a future allowance from a child (Social Security).

If the US government completely and unrecoverably collapses, as a going economic concern, then the Social Security Trust Fund will be bust – and there will be no United States, too! (The latter is the more consequential concern, I should think.)

If the US government falls on seriously hard times, economically, there may need to be belt-tightening. Maybe the US government will have to break the deal it made, not making good on the IOU’s in the Social Security Trust Fund. Likewise, if our family falls on hard times, I may be driven to spend my daughter’s back allowance money on food for our table, in the sense that I may never pay her that money. (Hope not!) But if that happens I won’t describe the logic of the situation in terms of my daughter’s back allowance having turned out not to have been ‘real’, all along. If I don’t pay her, it won’t be because I don’t owe her – nor because that specific money ‘doesn’t exist’, whereas the money to put food on the table ‘does exist’. Talking that way just takes the minor accounting fiction that starts us out, and inflates it into a major fiction.

If the US government doesn’t fall on seriously hard times, but just finds financial life a bit tight – as it often is – the same point applies, only more so.

Scientific American has an important piece up on the Web with an important call for continued Open Standards and Net Neutrality.  They also have taken a strong stand against snooping and protecting free speech on the web.  You can see in this article just how far ahead our European cousins are in protecting individual rights over corporate rights on the Web and the internet. They even quote Secretary of State Hillary Clinton’s firm stand on internet freedom.

Free speech should be protected, too. The Web should be like a white sheet of paper: ready to be written on, with no control over what is written. Earlier this year Google accused the Chinese government of hacking into its databases to retrieve the e-mails of dissidents. The alleged break-ins occurred after Google resisted the government’s demand that the company censor certain documents on its Chinese-language search engine.

Totalitarian governments aren’t the only ones violating the network rights of their citizens. In France a law created in 2009, named Hadopi, allowed a new agency by the same name to disconnect a household from the Internet for a year if someone in the household was alleged by a media company to have ripped off music or video. After much opposition, in October the Constitutional Council of France required a judge to review a case before access was revoked, but if approved, the household could be disconnected without due process. In the U.K., the Digital Economy Act, hastily passed in April, allows the government to order an ISP to terminate the Internet connection of anyone who appears on a list of individuals suspected of copyright infringement. In September the U.S. Senate introduced the Combating Online Infringement and Counterfeits Act, which would allow the government to create a blacklist of Web sites—hosted on or off U.S. soil—that are accused of infringement and to pressure or require all ISPs to block access to those sites.

In these cases, no due process of law protects people before they are disconnected or their sites are blocked. Given the many ways the Web is crucial to our lives and our work, disconnection is a form of deprivation of liberty. Looking back to the Magna Carta, we should perhaps now affirm: “No person or organization shall be deprived of the ability to connect to others without due process of law and the presumption of innocence.”

When your network rights are violated, public outcry is crucial. Citizens worldwide objected to China’s demands on Google, so much so that Secretary of State Hillary Clinton said the U.S. government supported Google’s defiance and that Internet freedom—and with it, Web freedom—should become a formal plank in American foreign policy. In October, Finland made broadband access, at 1 Mbps, a legal right for all its citizens.

What’s on your reading and blogging list today?

Sunday Reads

Good Morning!!!

I’ve always been fascinated with robots.  I’m not sure how it got started.  It may have been the first time may grandparents took me to Disneyland to see the Lincoln speech.  I found this article on robots and shinwakan at The Economist and it’s fascinating!!  There’s evidently a threshold we have for animation and robots for how real they should look.  It’s called “the uncanny valley” and evidently the best example of animation that’s over board and creepy is “The Polar Express“. Robot scientists are trying to learn how to avoid “the uncanny valley” when working on their creations.

The idea of the uncanny valley was originally proposed by Masahiro Mori, a Japanese roboticist, in 1970. Though he had no hard data, his intuition was that increasing humanness in a robot was positive only up to a certain point. Dr Mori drew a graph (see chart) with “human-likeness” on the horizontal axis and a quality he called shinwakan (variously translated as “familiarity” and “comfort level”) on the vertical one. As an object or image looks and behaves more like a human, the viewer’s level of shinwakan increases. Beyond a certain point, however, the not-quite-human object strikes people as creepy, and shinwakan drops. This is the uncanny valley. Only when the object becomes almost indistinguishable from a human does shinwakan increase again.

The horror stories from TSA pat-downs continue. This one is awful as it involves a bladder cancer survivor whose pat down left him soaked in urine after the pat-down punctured his urostomy bag.  Sixty-one year old Thomas Sawyer is a retired special education teacher that recounted his tale to msnbc.

“One agent watched as the other used his flat hand to go slowly down my chest. I tried to warn him that he would hit the bag and break the seal on my bag, but he ignored me. Sure enough, the seal was broken and urine started dribbling down my shirt and my leg and into my pants.”

The security officer finished the pat-down, tested the gloves for any trace of explosives and then, Sawyer said, “He told me I could go. They never apologized. They never offered to help. They acted like they hadn’t seen what happened. But I know they saw it because I had a wet mark.”

Humiliated, upset and wet, Sawyer said he had to walk through the airport soaked in urine, board his plane and wait until after takeoff before he could clean up.

“I am totally appalled by the fact that agents that are performing these pat-downs have so little concern for people with medical conditions,” said Sawyer.

The Florida Sun Sentinel reports that you can possibly be fined $11,000 or arrested if you refuse a nudie scan or grope session.  Evidently, you give your consent to both should you decide to fly.  At least that’s what the TSA is saying.

The Transportation Security Administration (TSA) is warning that any would-be commercial airline passenger who enters an airport checkpoint and then refuses to undergo the method of inspection designated by TSA will not be allowed to fly and also will not be permitted to simply leave the airport.

That person will have to remain on the premises to be questioned by the TSA and possibly by local law enforcement. Anyone refusing faces fines up to $11,000 and possible arrest.
“Once a person submits to the screening process, they can not just decide to leave that process,” says Sari Koshetz, regional TSA spokesperson, based in Miami.

Koshetz said such passengers would be questioned “until it is determined that they don’t pose a threat” to the public.

Well, that is unless your are John Boehner, Speaker-Elect. Then, you can wave them off and tell every one else to eat cake.  His Oranginess is evidently above the rest of us.  Feeling better about your status in the Banana Republic now?

As he left Washington on Friday, Mr. Boehner headed across the Potomac River to Ronald Reagan National Airport, which was bustling with afternoon travelers. There was no waiting for Mr. Boehner, who was escorted around the identification-checking agents, the metal detectors and the body scanners, and whisked directly to the gate.

The Republican leader, who will become the second person in line to assume the presidency after the new Congress convenes in January, took great pride after the midterm elections in declaring his man-of-the-people plans to travel home as other Americans do. In a time of economic difficulty, it was a not-so-subtle dig at Ms. Pelosi, who has access to a military jet large enough to avoid refueling for her flights home to San Francisco.

But he is not giving up all the perquisites of power.

Mr. Boehner, who was wearing a casual yellow sweater and tan slacks, carried his own bag and smiled pleasantly at passengers who were leaving the security checkpoint inside the airport terminal on Friday. Among the travelers not invited to bypass the security line was Representative Allen Boyd, Democrat of Florida, who lost his re-election bid two weeks ago.

Only Congressional leaders or members of Congress with armed security details are allowed to go around security. The same privilege is afforded to governors and cabinet members if they are escorted by agents or law enforcement officers.

 

Prime U.S. Mortgage Foreclosures have hit a record high amid increased reports of irregularities in mortgage processing by originator Country Wide.  What a horrible growth industry!  The reason?  High, prolonged unemployment.  Good thing we’re focused on the right priorities! Let’s see, I did mention the obsession with extending tax cuts for the very rich, right?  Oh, right, I do that right after this.

Foreclosures on prime fixed-rate mortgages in the U.S. jumped to a record in the third quarter as unemployment strained household budgets of the most creditworthy borrowers.

The inventory of homes in foreclosure financed by prime fixed-rate loans rose to 2.45 percent from 2.36 percent in the previous three months, the Mortgage Bankers Association said in a report today. New foreclosures rose to 0.93 percent from 0.71 percent. Both numbers were the highest in the 12 years since the Washington-based trade group started tracking the categories.

Homeowners are falling behind on their mortgage payments as job cuts make it difficult for them to cover their bills, said Michael Fratantoni, the Mortgage Bankers Association’s vice president of research and economics. The unemployment rate has stayed above 9 percent for 18 consecutive months, the longest stretch since 1983, according to the Bureau of Labor Statistics.

“The increase in these plain-vanilla type of loans to the highest numbers ever show us it really is being driven by the economic environment,” Fratantoni said in a telephone interview. “It’s not going to turn around until we get more significant job growth.”

Sen. Sherrod Brown (D-Ohio) has gone on record calling for President Obama to stand up to Republican demands to extend the tax cuts to wealthiest Americans. Will Democrats finally show some spine now that they’ve lost their supermajority?

Speaking on MSNBC’s “Hardball” on Friday, Brown said Republicans such as Senate Minority Leader Mitch McConnell (R-Ky.) and Speaker-elect John Boehner (R-Ohio) have shown they have no interest in anything but the failure of the Obama administration, which is why he shouldn’t make major concessions to them on the tax cuts.

Brown argued GOP leaders have done nothing but say no to President Obama since the day after his inauguration despite his much larger electoral victory, which is why the Democrats shouldn’t be afraid to respond in kind.

“I’m not saying no to the Republicans, but I’m also not — I’m also saying we’re not going to do more tax cuts for the rich, more deregulation of Wall Street, more job-killing outsourcing free trade agreements,” Brown said. “Those things don’t work for the American public. They don’t work in Cleveland or Toledo or Mansfield or Dayton, and they don’t work for the whole country.”

You’ve probably heard that the Celtic Tiger is in trouble.  Thought I’d share the front page of the Irish Star with you to put a smile one your face.  No smiling Irish eyes for Irish banksters–sorry, wanker banker buddies–or gouger-pols these days.  And you thought we were disgusted with our lot?  The Star is known for being a lot like New Orleans Levees.  They don’t hold anything back !!

Brad DeLong is taking aim at the Republican detractors of Ben Bernanke. He does so by explaining some of the rationale behind the QE2.  Oh, and he doesn’t have to use cute little talking cartoon characters to bedazzle you either.  This is also an extension to the Paul Krugman op-ed and the Collender article I wrote about last night in a thread on economic sabotage by republicans. DeLong appears to be considering a similar vein of thought.  That is, Republicans are objecting to everything that will improve the economy.

Indeed, it is now clear that the right-wing objection to the policies of the Obama administration was not an objection to fiscal policy as an inappropriate policy modality for stabilizing nominal spending. It was, instead, an objection to the very idea that the government should try to serve as a stabilizing macroeconomic balance wheel.

The flow of economy-wide spending is low. Thus Ben Bernanke’s Federal Reserve is moving to boost the flow. It is doing so by changing the mix of privately-held assets as it buys government bonds that pay interest in exchange for for cash that does not.

That is totally standard.

There is only slightly nonstandard thing. The bonds that pay interest the Fed is buying are not the usual three-month Treasury bills but seven-year Treasury notes instead. The Federal Reserve has to do this, because those are the shortest-duration Treasury bonds that now pay interest. It cannot reduce short-term interest rates below zero, and so it is attempting via this policy of “quantitative easing” to reduce longer-term interest rates.

And the right wing objects to this.

I really cannot figure out why the Republicans are making such an issue out of this. They either don’t understand it or they are purposefully trying to create  subterfuge so they can stop any attempt to heal the economic woes of the country.  This makes no sense to me.

One of the most striking covers of The National Geographic was the one with  a young Afghani girl with piercing green eyes.  The National Geographic has a feature on Afghan Women with lots of pictures in a piece they’ve called “Veiled Rebellion”.  It’s worth a look and a read.

The Afghan Parliament recently drafted a law intended to eliminate violence against women, who are beginning to reject old cultural practices and assert themselves in public and in private. I went to the Kabul home of Sahera Sharif, a Pashtun and the first female member of parliament from Khost. “No one knew a woman could put up campaign photos and posters on the walls in Khost—men didn’t allow women to even have jobs in Khost,” she said.

As a girl, Sharif stood up to her father, a conservative mullah, locking herself in a closet until he allowed her to go to school. She lived through the civil war between competing mujahideen groups, who ravaged Kabul before the Taliban conquest in 1996. She witnessed unimaginable cruelty and many deaths. “Much of the violence and cruelty you see now,” Sharif said, “is because people are crazy from all these wars.”

After the Taliban fell in December 2001, Sharif started a radio station to educate women about hygiene and basic health. More radically, she volunteered to teach at the university in Khost (a first there). She took off her burka (another first) and stood before the male students teaching them psychology. They blushed. And so she began to reeducate them.

And so the process of knowledge and change begins… with an exchange between one person and another.

[MABlue’s Sunday picks]

This is getting personal: Terrorists seem to “hate me for my freedoms” everywhere I happen to be.
Terrorists Believed to Be Planning Attack in Berlin

It would be an attack on the very heart of democracy. SPIEGEL has learned that terrorists may have been planning an attack on the Reichstag, the home of the German parliament and one of the most popular tourist destinations in Berlin. Two suspected culprits are already believed to be in Berlin.

That is really where I live. The Bundeskanzleramt(German Chancellery) and the Amt des Bundespräsidenten(German President Offices) are also in the same area. I still believe this is the safest spot in the city, along with the area in the vicinity of the US Embassy.
So far, Germans have remained calm, which is good to see.

Even with all the progress we have made, there is still so much we don’t understand about the human body.
Doctors Mystified by Case of World’s Thinnest Woman

Texas native Lizzie Velasquez, 21, is thinner than anyone thought possible. She spends her days wolfing down burgers, fries and cake, consuming more than three times the normal calorie requirements. Doctors can’t explain how she can be so underweight and still alive.

Here are some people Obama is certainly not going to listen to:
Millionaires to Obama: Tax us

More than 40 of the nation’s millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports.

“For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled,” their website states. “We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.”

For Heaven’s sake! What is it with Obama constantly adopting right-wing myths and revisionism and then propagating them? Many observers deplored this inclination during the campaign of  2008, but were quickly dismissed. However, that attitude hasn’t changed. Maybe there’s a something more to the madness. Krugman has the latest:
FDR, Reagan, and Obama

Some readers may recall that back during the Democratic primary Barack Obama shocked many progressives by praising Ronald Reagan as someone who brought America a “sense of dynamism and entrepreneurship that had been missing.” I was among those who found this deeply troubling — because the idea that Reagan brought a transfomation in American dynamism is a right-wing myth, not borne out by the facts. (There was a surge in productivity and innovation — but it happened in the 90s, under Clinton, not under Reagan).

All the usual suspects pooh-poohed these concerns; it was ridiculous, they said, to think of Obama as a captive of right-wing mythology.

But are you so sure about that now?

And here’s this, from Thomas Ferguson: Obama saying

We didn’t actually, I think, do what Franklin Delano Roosevelt did, which was basically wait for six months until the thing had gotten so bad that it became an easier sell politically because we thought that was irresponsible. We had to act quickly.

As Ferguson explains, this is a right-wing smear.

I’m sure BostonBoomer will spend the entire day playing this game.

What’s on your reading and blogging list today?