Monday Reads
Posted: November 19, 2012 Filed under: Federal Budget, Federal Budget and Budget deficit, Foreign Affairs, Gaza, Israel, morning reads, Myanmar | Tags: Ban Ki-moon, Benjamin Netanyahu, Daw Aung San Suu Kyi, Glenn Greenwald, Reporters without Borders, Robert Reich 47 CommentsGood Morning!
It’s really hard for me to focus on much other than the bombing that’s going on between Gaza and Israel at the moment. The carnage is getting to me.
An Israeli bomb pummeled a home deep into the ground here Sunday afternoon, killing 11 people, including nine in three generations of a single family, in the deadliest single strike since the cross-border conflict between Israel and the militant faction Hamas escalated on Wednesday.
The airstrike, along with several others that killed civilians across this coastal territory and hit two media offices here — one of them used by Western TV networks — further indicated that Israel was striking a wider range of targets.
Gaza health officials reported that the number of people injured here had nearly doubled to 600 by day’s end; the Palestinian death toll climbed to 70, including 20 children. Three Israelis have been killed and at least 79 wounded by continued rocket fire into southern Israel and as far north as Tel Aviv, as Israeli cities were paralyzed by an onslaught of relentless rocket fire out of Gaza for the fifth straight day.
In the Israeli strike on Sunday morning, it took emergency workers and a Caterpillar digger more than an hour to reveal the extent of the devastation under the two-story home of Jamal Dalu, a shop owner. Mr. Dalu was at a neighbor’s when the blast wiped out nearly his entire family: His sister, wife, two daughters, daughter-in-law and four grandchildren ages 2 to 6 all perished under the rubble, along with two neighbors, an 18-year-old and his grandmother.
At around 2 a.m. today, Israeli warplanes fired several missiles at the Al-Shawa Wa Hassri Tower, a building in the Gaza City neighborhood of Rimal that houses local and international media organizations. Around 15 reporters and photographers wearing vests with the word “TV Press” were on the building’s roof at the time, covering the Israeli air strikes.
Five missiles destroyed the 11th-floor offices used by Al-Quds TV. The station said six journalists were injured, four of them Al-Quds employees – Darwish Bulbul, Khadar Al-Zahar, Muhammad al-Akhras and Hazem al-Da’our. The other two were identified as Hussein Al-Madhoun, a freelance photographer working for the Ma’an news agency, and Ibrahim Labed, a reporter for the Palestinian news agency SAFA. Zahar’s condition was described as critical after one of his legs had to be amputated.
At around 7 a.m., three Al-Aqsa TV employees were seriously injured when two missiles were fired at the Al-Shourouk building, also known as the “journalists’ building.” A spokesperson for the Israel Defence Forces said on the @IDFSpokesperson Twitter account that the air strike had targeted a Hamas communication centre.
Among the local and international media whose offices were damaged by Israeli missiles were Sky News Arabia, the German TV station ARD, the Arab TV stations MBC and Abu Dhabi TV, Al-Arabiya, Reuters, Russia Today and the Ma’an news agency.
Information was also one of the victims of Israel’s Operation Cast Lead against the Gaza Strip in December 2008 and January 2009 (read the RWB report). At the time, Reporters Without Borders condemned Israel’s decision to declare the Gaza Strip a “closed military zone” and deny access to journalists working for international media. The IDF also targeted pro-Hamas media during Operation Cast Lead.
Meanwhile, Benjamin Netanyahu Says Israel Is ‘Prepared for a Significant Expansion’ of Conflict in Gaza.
On Sunday, Israel’s prime minister, Benjamin Netanyahu, indicated that he intended to take on additional targets. “We are exacting a heavy price from Hamas and the terrorist organizations and the Israel Defense Forces are prepared for a significant expansion of the operation,” he said, referring to the 75,000 reservists who have been put on call for what many believe is a planned ground invasion. Meanwhile, Israel’s Iron Dome defense system successfully deflected another Hamas rocket aimed at Tel Aviv.
The UN Secretary General is calling for a cease-fire. Ban Ki Moon is headed for Cairo. Glenn Greenwald–writing for the UK Guardian–has written that the US cannot pretend it’s being neutral.
Obama continues to defend Israel’s free hand in Gaza, causing commentators like Jeffrey Goldberg to gloat , not inaccurately: ” Barack Obama hasn’t turned against Israel. This is a big surprise to everyone who has not paid attention for the last four years” (indeed, there are few more compelling signs of how dumb and misleading US elections are than the fact that the only criticism of Obama on Israel heard over the last year in the two-party debate was the grievance that Obama evinces insufficient fealty – rather than excessive fealty – to the Israeli government). That the Netanyahu government knows that any attempt to condemn Israel at the UN would be instantly blocked by the US is a major factor enabling them to continue however they wish. And, of course, the bombs, planes and tanks they are using are subsidized, in substantial part, by the US taxpayer.
If one wants to defend US support for Israel on the merits – on the ground that this escalating Israeli aggression against a helpless population is just and warranted – then one should do so. As I wrote on Thursday , it’s very difficult to see how those who have cheered for Obama’s foreign policy could do anything but cheer for Israeli militarism, as they are grounded in the same premises.
I agree with Robert Reich who says we should stop obsessing over the Federal Budget Deficit.
The best way to generate jobs and growth is for the government to spend more, not less. And for taxes to stay low – or become even lower – on the middle class.
(Higher taxes on the rich won’t slow the economy because the rich will keep spending anyway. After all, being rich means spending whatever you want to spend. By the same token, higher taxes won’t reduce their incentive to save and invest because they’re already doing as much saving and investing as they want. Remember: they’re taking home a near record share of the nation’s total income and have a record share of total wealth.)
Why don’t our politicians and media get this? Because an entire deficit-cutting political industry has grown up in recent years – starting with Ross Perot’s third party in the 1992 election, extending through Peter Petersen’s Institute and other think-tanks funded by Wall Street and big business, embracing the eat-your-spinach deficit hawk crowd in the Democratic Party, and culminating in the Simpson-Bowles Commission that President Obama created in order to appease the hawks but which only legitimized them further.
Myanmar (Burma) has had some terrible human rights violations in its recent past. President Obama is visiting the tiny Southeastern Asian nation and will be urging the country’s power brokers to change their ways.
“You gave us hope,” Obama will say in a speech in Myanmar, according to excerpts of his remarks released by the White House during his visit to Bangkok, Thailand, the first
stop on a three-day trip to the region. “And we bore witness to your courage.”
In a daytime stop expected to last only six hours, Obama is set to meet with President Thein Sein in the former capital of Yangon. He’ll also visit opposition leader Aung San Suu Kyi, Myanmar’s most popular political figure, at her lakeside home where she spent more than 15 years confined under house arrest.
Obama eased sanctions on Myanmar this year after Thein Sein engaged with his political opponents and eased media restrictions since his party won a 2010 election that ended five decades of direct military rule in the country, formerly known as Burma. The visit also reflects a legacy-building goal for a president about to enter a second term, whose early efforts at engagement and democratization have yielded mixed results.
Obama will visit Nobel Peace Prize Winner Daw Aung Suu Kyi during his visit.
He made a point of not only scheduling a meeting at the government headquarters with President Thein Sein but also a personal pilgrimage to the home of the opposition leader Daw Aung San Suu Kyi, where she was confined under house arrest for most of two decades before her release two years ago. Amid the manicured lawn and well-tended garden outside the elegant two-story lakeside house, the president and the Nobel-winning dissident planned to stand side by side celebrating change that once seemed unimaginable.
While local leaders attribute the changes so far to internal factors and decisions, Mr. Obama was eager to claim a measure of credit. He has played nursemaid to the opening of Myanmar, formerly and still known by many as Burma, by sending the first American ambassador in 22 years, easing sanctions and meeting with Ms. Aung San Suu Kyi in Washington.
Later Monday he was to announce the return of the United States Agency for International Development along with $170 million for projects over the next two years, noting that in his inaugural address he had vowed to reach out to those “willing to unclench your fist.”
“So today, I have come to keep my promise and extend the hand of friendship,” read the text of prepared remarks to be delivered at the University of Yangon. He promised to “help rebuild an economy” and develop new institutions that can be sustained. “The flickers of progress that we have seen must not be extinguished — they must become a shining north star for all this nation’s people.”
So, this was a bit of a headline dump this morning, but I have to admit that my eyes have been fixed on what’s going on in the world right now. Hopefully, we can all stay up to date on these important headlines. I’m going to go light some candles and burn some incense and think peace. Hopefully, if enough of us do that, some of those world leaders will get the message.
What’s on your reading and blogging list today?
Tuesday Reads: Targeting Citizens with Predator Drones while Failing to Protect and Nurture Children
Posted: December 13, 2011 Filed under: child sexual abuse, children, Crime, Domestic Policy, education, George W. Bush, hunger, income inequality, morning reads, physical abuse, poverty, psychology, public education, U.S. Economy, U.S. Politics | Tags: Air Force, Catherine Snow, cortisol, crime, Glenn Greenwald, Hollywood sexual abuse scandal, Jane Harmon, law enforcement, literacy, No Child Left Behind, nutrition, obesity, poverty and education, Predator drones, standardized testing, U.S. Customs, violence 62 CommentsGood Morning!! Yesterday Dakinikat wrote about predator drones being used by local law enforcement in North Dakota. According the the LA Times story Dakinikat referenced,
Michael C. Kostelnik, a retired Air Force general who heads the office that supervises the drones, said Predators are flown “in many areas around the country, not only for federal operators, but also for state and local law enforcement and emergency responders in times of crisis.” Yet Congress never approved the use of drones for this purpose.
…former Rep. Jane Harman (D-Venice), who sat on the House homeland security intelligence subcommittee at the time and served as its chairwoman from 2007 until early this year, said no one ever discussed using Predators to help local police serve warrants or do other basic work.
Using Predators for routine law enforcement without public debate or clear legal authority is a mistake, Harman said.
But the article makes clear that law enforcement types are slavering over the possibility of using the sophisticated surveillance technology offered by drones–and without a warrant.
Glenn Greenwald had more at his blog yesterday. He says that the so-called “approval” for the use of predator drones on U.S. soil came because Customs administrators included the words “interior law enforcement support” in their budget request! And since Congresspeople rarely read the bills they vote on, no one noticed. So now government agents can spy on us and track us whenever they want, apparently.
Greenwald:
Whatever else is true, the growing use of drones for an increasing range of uses on U.S. soil is incredibly consequential and potentially dangerous, for the reasons I outlined last week, and yet it is receiving very little Congressional, media or public attention. It’s just a creeping, under-the-radar change. Even former Congresswoman Harman — who never met a surveillance program she didn’t like and want to fund (until, that is, it was revealed that she herself had been subjected to covert eavesdropping as part of surveillance powers she once endorsed) — has serious concerns about this development: ”There is no question that this could become something that people will regret,” she told the LA Times. The revelation that a Predator drone has been used on U.S. soil this way warrants additional focus on this issue.
You’d better not be doing anything suspicious on your own property–like smoke a joint in the backyard or something. You could be spotted, raided, and thrown in jail in no time flat, all without a warrant.
Dakinikat sent me a link to this article at the NYT on the relationship between poverty and education: Class Matters. Why Won’t We Admit It?
No one seriously disputes the fact that students from disadvantaged households perform less well in school, on average, than their peers from more advantaged backgrounds. But rather than confront this fact of life head-on, our policy makers mistakenly continue to reason that, since they cannot change the backgrounds of students, they should focus on things they can control.
No Child Left Behind, President George W. Bush’s signature education law, did this by setting unrealistically high — and ultimately self-defeating — expectations for all schools. President Obama’s policies have concentrated on trying to make schools more “efficient” through means like judging teachers by their students’ test scores or encouraging competition by promoting the creation of charter schools. The proverbial story of the drunk looking for his keys under the lamppost comes to mind.
The Occupy movement has catalyzed rising anxiety over income inequality; we desperately need a similar reminder of the relationship between economic advantage and student performance.
As a developmental psychologist I can tell you there are tons of studies that show that socioeconomic status (SES) is related to many different variables. This is a fairly complex issue, because poor people are disadvantaged in so many ways. Poor families are more likely to have only one breadwinner–usually a mother–who is probably overwhelmed by stress and worry. That leaves mom with much less energy to spend talking to and reading to her children.
A researcher I know slightly, Catherine Snow of the Harvard School of Education, worked on a number of government-funded longitudinal studies that investigated this. The research showed that very young children who are talked to, encouraged to tell stories about things that happened to them, and are read to in an interactive way are better prepared for literacy and will perform better in school than children who don’t get those kinds of attention. Interestingly, they found that the best predictor of academic success is a child’s vocabulary.
Children in poor families may also be stressed by inadequate nutrition, abuse from stressed-out parents, and perhaps exposure to violence in their neighborhoods. This kind of stress leads to higher cortisol (stress hormone) levels, which in turn can cause all kinds of problems, including obesity.
Back to the NYT article:
The correlation has been abundantly documented, notably by the famous Coleman Report in 1966. New research by Sean F. Reardon of Stanford University traces the achievement gap between children from high- and low-income families over the last 50 years and finds that it now far exceeds the gap between white and black students.
Data from the National Assessment of Educational Progress show that more than 40 percent of the variation in average reading scores and 46 percent of the variation in average math scores across states is associated with variation in child poverty rates.
International research tells the same story. Results of the 2009 reading tests conducted by the Program for International Student Assessment show that, among 15-year-olds in the United States and the 13 countries whose students outperformed ours, students with lower economic and social status had far lower test scores than their more advantaged counterparts within every country. Can anyone credibly believe that the mediocre overall performance of American students on international tests is unrelated to the fact that one-fifth of American children live in poverty?
Why does the government ignore this research–much of which has been done with government funding? There has been no effort to deal with the source of the problem–poverty–just bullheaded efforts to force schools to meet unrealistic standards. The authors admit that many in the government want public schools to fail so that education can be privatized and turned into a profit-making corporate enterprise.
The authors offer some suggestions, but since none of our elected officials seems to want to deal with the problem of increasing poverty among children in this country, their ideas come off sounding pretty weak.
This article really hit home with me, because I’ve been thinking a lot lately about why America as a whole doesn’t seem to care about children. I’ve been trying to write about post about it, but have struggled to put my ideas into words. I might as well just put some of it down here. My thoughts were not only about education, but also about the problems of protecting children from abuse and exploitation.
Children are our future. It’s a cliche because it’s true. We spend billions of dollars on the ridiculous and dangerous Department of “Homeland Security,” and we do very little at the federal level to protect children from poverty (one in four young children in the U.S. live in poverty), violence, abuse, and exploitation.
We are destroying our system of public education by requiring standardized tests instead of teaching children critical thinking. We encourage profit-making charter schools instead of providing more support for public schools.
In my fantasy future government, the President would have a cabinet level department devoted exclusively to children’s issues. This department would focus on designing the very best possible educational system for young children. There would be a strong focus on early childhood education, and especially on educating parents about the best ways to foster future academic success for their children, based on serious research. The department would work with the NIH and NSF to provide research grants to study these educational issues.
In addition, the department could develop ways to deal with the rampant abuse of children–physical, emotional, and sexual–that takes place in this country. The need for this is obvious if you read the news regularly. Children are beaten, raped, and murdered in their own homes every day. They are sexually abused in schools and in organized activities by people who should be protecting and guiding them. And people who hurt and kill children generally receive lighter sentences than those who prey on adults.
What has prompted me to think about these issues is not only the recent high-profile sexual abuse scandal at Penn State, but the stories that have been breaking recently about child sexual abuse in the Hollywood entertainment industry.
Two men who worked with child actors were recently arrested, Jason James Murphy, who worked on the well-received movie Super-8, and Martin Weiss, a talent agent.
The arrests have led a number of former child actors to come forward and talk about being abused as children. Reuters covered the story last week.
First, it was the Catholic Church. Then Penn State. Now, a new child-abuse scandal in Hollywood is raising questions over the safety of minors in the entertainment business and sparking calls for new child-labor regulations.
Last week Martin Weiss, a longtime manager of young talent, was arrested on suspicion of child molestation after an 18-year-old former client told police he had been abused by Weiss 30 to 40 times from 2005 to 2008.
Weiss’ arrest came just weeks after it was discovered that a convicted child molester and registered sex offender under the name Jason James Murphy was working in Hollywood and helping cast children for movie roles.
TheWrap contacted a wide array of professionals and found a mix of surprise, and those that say that this type of abuse is an ongoing concern, pointing to abuse allegations over the years by actors such as the late Corey Haim and Todd Bridges.
Other former child actors who have talked openly about the problem are Paul Peterson who appeared on The Donna Reed Show, Allison Arngrim from Little House on the Prairie, and Corey Feldman, who appeared on Nightline in August to talk about his own abuse.
“I can tell you that the No. 1 problem in Hollywood was and is and always will be pedophilia. That’s the biggest problem for children in this industry. … It’s the big secret,” Feldman said.
The “casting couch,” which is the old Hollywood reference to actors being expected to offer sex for roles, applied to children, Feldman said. “Oh, yeah. Not in the same way. It’s all done under the radar,” he said.
“I was surrounded by [pedophiles] when I was 14 years old. … Didn’t even know it. It wasn’t until I was old enough to realize what they were and what they wanted … till I went, Oh, my God. They were everywhere,” Feldman, 40, said.
The trauma of pedophilia contributed to the 2010 death of his closest friend and “The Lost Boys” co-star, Corey Haim, Feldman said.
“There’s one person to blame in the death of Corey Haim. And that person happens to be a Hollywood mogul. And that person needs to be exposed, but, unfortunately, I can’t be the one to do it,” Feldman said, adding that he, too, had been sexually abused by men in show business.
This Fox News article gets a little graphic, so skip over it if you prefer.
Another child star from an earlier era agrees that Hollywood has long had a problem with pedophilia. “When I watched that interview, a whole series of names and faces from my history went zooming through my head,” Paul Peterson, 66, star of The Donna Reed Show, a sitcom popular in the 1950s and 60s, and president of A Minor Consideration, tells FOXNews.com. “Some of these people, who I know very well, are still in the game.”
“This has been going on for a very long time,” concurs former “Little House on the Prairie” star Alison Arngrim. “It was the gossip back in the ‘80s. People said, ‘Oh yeah, the Coreys, everyone’s had them.’ People talked about it like it was not a big deal.”
Arngrim, 49, was referring to Feldman and his co-star in “The Lost Boys,” Corey Haim, who died in March 2010 after years of drug abuse.
“I literally heard that they were ‘passed around,’” Arngrim said. “The word was that they were given drugs and being used for sex. It was awful – these were kids, they weren’t 18 yet. There were all sorts of stories about everyone from their, quote, ‘set guardians’ on down that these two had been sexually abused and were totally being corrupted in every possible way.”
Yes, Virginia, child sexual abuse is common in every strata of our society. It’s not rare, and it’s time we got serious about dealing with it. If we had a Cabinet department of children’s issues, we could address the problem with public education programs. It worked for smoking and littering–why not try it with child abuse?
The department could request that the media show public service announcements to educate parents about nonviolent ways of disciplining their children and about the dangers of hitting or otherwise abusing children. I firmly believe that child abuse is the root cause of many of society’s ills–including domestic abuse, pedophilia, rape, murder, and serial murder. The majority of abused children don’t grow up to be perpetrators, but they often turn their anger on themselves, becoming depressed or suicidal or self-medicating with drugs and alcohol.
High profile cases like the Penn State and Hollywood casting scandal can often spur changes in societal attitudes. We should seize upon these issues to push Federal, state, and local governments to take positive action to improve the lives of American children.
Now I’ve rambled on too long and haven’t covered many stories. I’ll have to leave it to you to post what you’ve been reading and blogging about in the comments. If you made it this far, thanks for reading my somewhat incoherent thoughts.
Thursday Reads
Posted: October 6, 2011 Filed under: #Occupy and We are the 99 percent!, 2012 presidential campaign, U.S. Economy, U.S. Politics | Tags: Christopher Benfry, Elizabeth Warren, Erin Burnett, Ezra Klein, George Will, Glenn Greenwald, Larry McMurtry, Massachusetts Senate race, Mitt Romney, Occupy Boston, occupy Wall Street, Rick Perry, Robert Reich, Scott Brown 21 CommentsGood Morning!! I’m going to be heading back to Boston pretty soon, and I’m looking forward to following developments in Occupy Boston and in the Senate race. They haven’t started an Occupy Muncie protest yet, unfortunately. But you never know. This town is really suffering from the poor economy.
At Mother Jones, there is an interactive map of all the Occupy protests that have sprung up around the country. It’s pretty amazing. Funny thing. A few days ago MJ had a post by Lauren Ellis in which she looked down her nose at the #OccupyWallStreet protesters. Now they have a whole section on the Occupy Movement.
There are still plenty of so-called “journalists” dismissing the protests though. Yesterday, I posted a link to Andrew Ross Sorkin’s piece in the NYT in which he reports his trip to Zuccotti Park at the request of a anonymous nervous Wall Street CEO. Glenn Greenwald skewered Sorkin but good, concluding that Sorkin’s
CEO banking friend is right to be concerned: if not about this protest in particular then about the likelihood of social unrest generally, emerging as a result of their plundering and pilfering. That healthy fear on the part of the oligarchs has been all too absent.
Greenwald also linked to this example of “snotty, petty, pseudointellectual condescension” at The New Republic. Ugh! Read it if you dare.
Yesterday, Greenwald followed up by verbally destroying CNN’s new nighttime host, Erin Burnett.
On her new CNN show on Monday night, host Erin Burnett was joined by Rudy Giuliani’s former speechwriter John Avlon and together they heaped condescending scorn on the Wall Street protests while defending the banking industry, offering — as FAIR documented — several misleading statements along the way. Burnett “reported” that while she “saw dancing, bongo drums, even a clown” at the protest, the participants “did not know what they want,” except that “it seems like people want a messiah leader, just like they did when they anointed Barack Obama.” She featured a video clip of herself explaining to one of the protesters that the U.S. Government made money from TARP, and then demanded to know if that changed his negative views of Wall Street.
This is far from the first time Burnett has served as spokesperson for Wall Street; it’s basically what her “journalistic” career is. She angered Bill Maher a couple years ago when arguing that the rich have suffered along with the poor and middle class as part of the financial crisis, and that it would be wrong to “soak the rich” because they’re already paying so much taxes. She caused Rush Limbaugh to gush over her when she argued on TV in 2007 that all Americans benefit when the rich get richer: “the majority of Americans directly benefit from what happens on Wall Street,” she proclaimed, just over a year before the financial collapse.
In an interview last year with Vanity Fair, she insisted that people on Wall Street do not have private planes and that “there are a lot of stalwart, solid people on Wall Street. There are just a few shady people providing the fodder for big budget movies…”
Meanwhile Beltway Bob Ezra Klein has some advice for #OccupyWallStreet: they should immediately start taking advice from the liberal establishment and focus on developing policy and writing legislation in order to work through the system that they have already rejected.
The Wall Street protests seem to be gathering strength and expanding beyond the geographic limits of downtown Manhattan. The media, too, is finally amplifying the story. Whether they will grow larger and sustain themselves beyond these initial street actions will depend upon four things: the work of skilled organizers; the success of those organizers in getting people, once these events end, to meet over and over and over again; whether or not the movement can promote public policy solutions that are organically linked to the quotidian lives of its supporters; and the ability of liberalism’s infrastructure of intellectuals, writers, artists and professionals to expend an enormous amount of their cultural capital in support of the movement.
There’s lots more, but it’s basically a lecture from someone who just doesn’t get it. And speaking of people who don’t get it, George Will tries to school Elizabeth Warren in his latest column. According to Will, the “liberal project,” which Warren apparently speaks for is designed to destroy rugged individualism.
The project is to dilute the concept of individualism, thereby refuting respect for the individual’s zone of sovereignty. The regulatory state, liberalism’s instrument, constantly tries to contract that zone — for the individual’s own good, it says….
Such an agenda’s premise is that individualism is a chimera, that any individual’s achievements should be considered entirely derivative from society, so the achievements need not be treated as belonging to the individual. Society is entitled to socialize — i.e., conscript — whatever portion it considers its share. It may, as an optional act of political grace, allow the individual the remainder of what is misleadingly called the individual’s possession.
The collectivist agenda is antithetical to America’s premise, which is: Government — including such public goods as roads, schools and police — is instituted to facilitate individual striving, a.k.a. the pursuit of happiness. The fact that collective choices facilitate this striving does not compel the conclusion that the collectivity (Warren’s “the rest of us”) is entitled to take as much as it pleases of the results of the striving.
But isn’t that what Warren is pushing for? For more individuals to have opportunities to make it in America? Really, isn’t it time for George Will to retire?
Meanwhile Warren is leading in the race for the Massachusetts Democratic nomination for Senate, and she appeared in her first debate on Tuesday at my undergraduate alma mater, U. Mass Lowell.
In her first debate as a candidate for U.S. Senate Tuesday night, Harvard law professor Elizabeth Warren declined to criticize her fellow Democratic candidates, taking aim instead at Republican Sen. Scott Brown, whom the Democratic nominee will face, and Wall Street.
“Forbes magazine named Scott Brown Wall Street’s favorite senator. I was thinking that’s probably not an award I’m going to get,” she said to applause and laughter from the audience at the University of Massachusetts-Lowell. Two recent polls put Warren and Brown in a statistical tie.
She also made the audience laugh and applaud with the second question, which asked each candidate how they paid for college, since Brown posed nude for Cosmopolitan to pay.
“I kept my clothes on,” she quipped. She added that she borrowed money to go to a public university and had a part-time job.
Warren also drew applause for her tough talk on Wall Street. “The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it. That’s why I want to run for the United States Senate,” she said.
Go Elizabeth go!!
Another voice for the middle class, Robert Reich, explains why Wall Street is extremely nervous about the economic crisis in Europe.
If you want the real reason, follow the money. A Greek (or Irish or Spanish or Italian or Portugese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008.
Financial chaos….a default by Greece or any other of Europe’s debt-burdened nations could easily pummel German and French banks, which have lent Greece (and the other wobbly European countries) far more.
That’s where Wall Street comes in. Big Wall Street banks have lent German and French banks a bundle.
The Street’s total exposure to the euro zone totals about $2.7 trillion. Its exposure to to France and Germany accounts for nearly half the total.
And it’s not just Wall Street’s loans to German and French banks that are worrisome. Wall Street has also insured or bet on all sorts of derivatives emanating from Europe — on energy, currency, interest rates, and foreign exchange swaps. If a German or French bank goes down, the ripple effects are incalculable.
Read the rest at Huffpo.
There are a couple of interesting reads about Republican candidates at the New York Review of Books. The first is by novelist Larry McMurtry: The Rick Perry Hustle Here’s a brief sample:
What Perry has brought to the Republican muddle thus far is his abundant, if unfocused, energy. He rushes from debate to debate, gives many interviews, gets his picture on the cover of TIME; yet all his politicking is curiously affectless. He makes sounds, but where’s the personality? Hillary Clinton has a personality; so does Sarah Palin. Either of those women could cut Governor Perry off at the knees, and will if given the chance.
It’s not been said so I’ll say it: as a politician Rick Perry is fundamentally lazy, so far as actual governing is concerned, content to run things mainly by sound-bite. He makes lots of decisions but lingers on no issue very long; there’s little follow-through. Clemency, or its absence, is an example. Two hundred thirty-four humans have been executed in Texas on his watch and only recently has he been stirred to a review. He believes that the State Board of Pardons and Paroles is so infallible that there’s no reason for him to lose sleep over the fate of this or that prisoner. The Governor has much more confidence in the Board than the Board has in itself; its members are well aware that even, or especially in Texas shaky verdicts have come down. The Governor, a man with a notably short attention span, has a lot more to think about than the death chamber.
An irony of his sudden emergence as a front-runner is that his few humane decisions—the HPV vaccine, which is safe and helpful, and the tuition credit for the children of illegals, which could help keep gangs of feral children off our streets—are what may sink him with the Tea Party and his own rabid right wing. And this is the wing he has assiduously cultivated his whole political life.
The other NYRB article of interest is by Christopher Benfry: Mitt, We Hardly Knew Ye!
We’re feeling vulnerable and surly these days in western Massachusetts, as the leaves turn yellow, the Red Sox fade, and winter looms. Our corridor of New England along the Connecticut River endured, during the summer months, a ruinous tornado in Springfield, an earthquake, of all things, and Hurricane Irene, which knocked out roads and historic covered bridges in our hill towns and across neighboring Vermont, and left a lot of people homeless and adrift. It’s our Katrina moment, we sometimes think, with slightly grandiose self-pity, as Republicans in Congress demand budget cuts if FEMA is to pay for disaster relief in the blue states.
We don’t see much of Mitt Romney, our ex-governor, in these troubled times. Then again, we never did. Our most indelible memories are of Mitt leaving—“the sight of Mitt’s back,” as a friend of mine put it, as he went off to lay the groundwork for yet another campaign. Mitt ran for the Senate against Ted Kennedy in 1994, lost, and left the state to salvage the Salt Lake City Olympics. When he returned to run for governor in 2002, he had to go to court to prove that he sort of lived in Belmont, outside Boston. Then, after a couple of years in the state house, he left again to campaign for the presidency, spending two thirds of his time out of state in 2006. Mitt has sold his house in Belmont and now lives in the important primary state of New Hampshire (at his estate on Lake Winnipesaukee) or San Diego or maybe Utah—anywhere but Massachusetts.
In the Republican debates, Mitt pretends that his ties to Massachusetts are tenuous. Mitt’s greatest achievement as governor, the Massachusetts health care system (which passed with Ted Kennedy’s support and two dissenting votes in the state legislature), is now his greatest liability among Republicans, who see it as a stalking horse for Obamacare. Mitt now claims it was right for our quirky state but not for the nation. He has yet to explain why.
When Mitt trumpets his experience in American business, he rarely mentions that Bain, the consulting and investment conglomerate in which he amassed his $200 million fortune, is a Boston firm.
And so on…Romney used our state as a springboard and then denied even knowing us.
I’ll end there for today. What are you reading and blogging about?











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