August 2010 archive

Daniel Tencer writing at RawStory Friday reported that “The US economic recovery in recent quarters is little more than a “cover-up” and the world is headed for a “Greatest Depression,” complete with social unrest and class warfare, says a renowned economic forecaster. Gerald Celente, head of the Trends Research Institute, told Yahoo! News’ Tech Ticker that there’s no risk of a “double-dip recession” because the first “dip” never ended.”

“We’re saying there’s no double dip, it never ended,” Celente said. “We’re looking at the Greatest Depression. There’s no way out of this without [rebuilding] productive capacity. You can’t print [money to get] out of it.”

“Celente said the current unemployment rate, if it were measured as it was measured during the Great Depression, would be around 17.5 percent. And he expects that number to rise to around 22 percent in the coming years.”

“One of the good businesses to get in to may be guillotines,” Celente quipped. “Because there’s a real off-with-their-heads fever going on. People are really fed up.”

…

“We went from a country that used to be merchants, craftspeople, manufacturers, to clerks and cashiers,” Celente said. “We have to bring manufacturing back to America.”

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

The Sunday Talking Heads:

This Week with Christiane Amanpour:

Lots of exclusive interviews this Sunday, Afghanistan’s President, Hamid Karzai and Daisy Khan, wife of Imam Feisal Abdul-Rauf, a lead organizer of the controversial Islamic center near Ground Zero who will be joined by Rabbi Joy Levitt, head of the Jewish Community Center in Manhattan, considered a model for the Islamic center.

The Roundtable with the usual suspects, George Will, former Clinton Labor Secretary Robert Reich, Judy Woodruff of the PBS News Hour and Bloomberg’s Al Hunt, who will look at the Iraq withdrawal and the Afghanistan surge.

Face the Nation with Bob Schieffer:

His guests are Gen. Ray Odierno, Commander of U.S. Forces in Iraq, Sen. Lindsey Graham (R-S.C.) and Greg Mortenson, Author of “Three Cups of Tea and Stones into Schools”.

The Chris Matthews Show:

Mr. Matthews guests will be Gloria Borger, CNN, Senior Political Analyst, Dan Rather, HDNet, Global Correspondent, John Heilemann, New York Magazine, National Political Correspondent and Michele Norris, NPR

Host, All Things Considered. They will discuss 50 years since the historic Kennedy-Nixon Campaign: parallels for Obama and will the GOP yield to its right wing as it did in the Goldwater year?

Meet the Press with David Gregory :

Mr. Gregory’s guest will be GOP Leader Sen. Mitch McConnell who talk about the up coming November elections. Fmr. House Majority Leader Dick Armey (R-TX) versus Gov. Jennifer Granholm (D-MI). will debate spending and your taxes & the Tea Party’s impact on the future of American politics.

Later the Roundtable discussion on the withdrawal of combat troops from Iraq, the controversy over a Muslim groups plans to build a mosque near Ground Zero in Manhattan, and the renewed economic downturn with Republican Candidate for New York Governor, Fmr. Rep. Rick Lazio, The Atlantic’s Jeffrey Goldberg; The Wall Street Journal’s Paul Gigot, and BBC World News America’s Katty Kay.

State of the Union with Candy Crowley:

U.S. Commander in Iraq Gen. Ray Odierno will join Ms Crowley to discuss the withdrawal of combat troops from Iraq and the future of the region. Then former Chairman of the Joint Chiefs of Staff Gen. Richard Myers (Ret.), former U.S. Ambassador to Iraq Zalmay Khalilzad and the former Commander of U.S. Central Command Admiral William Fallon (Ret.) will discuss Iraq. Then she will be joined former Democratic National Cmte. Chairman Howard Dean  on the upcoming midterm elections, the Obama administration’s economic agenda, and his recent comments regarding the proposed Islamic Center at Ground Zero.

Let’s see if Dr. Dean can explain exactly what he meant by “compromise”.

Fareed Zakaris: GPS:

Mr. Zakaris is joined by Peter Beinart of the Daily Beast and Brett Stephens of the Wall Street Journal in an intelligent debate on why the project should or shouldn’t go forward. Imran Kahn, the cricket legend and now one of Pakistan’s most prominent politicians, will discuss the devastating floods in Pakistan and just how poor the Pakistani government’s response has been.

The GPS panel, including Niall Ferguson of Harvard University, looks at what the future holds for China and just what this means for the United States.

247 Stories served.  35 per day.

This is actually the hardest diary to execute, and yet perhaps the most valuable because it lets you track story trends over time.  It should be a Sunday morning feature.

• Sunday 8/15
• Monday 8/16
• Tuesday 8/17
• Wednesday 8/18
• Thursday 8/19
• Friday 8/20
• Saturday 8/21

This is your morning Open Thread. Pour a cup of your favorite morning beverage and review the past and comment on the future.

August 22 is the 234th day of the year (235th in leap years) in the Gregorian calendar. There are 131 days remaining until the end of the year.

on this day in 1950, Althea Gibson became the first African American on the US Tennis Tour.

On this day in 1950, officials of the United States Lawn Tennis Association (USLTA) accept Althea Gibson into their annual championship at Forest Hills, New York, making her the first African-American player to compete in a U.S. national tennis competition.

Growing up in Harlem, the young Gibson was a natural athlete. She started playing tennis at the age of 14 and the very next year won her first tournament, the New York State girls’ championship, sponsored by the American Tennis Association (ATA), which was organized in 1916 by black players as an alternative to the exclusively white USLTA. After prominent doctors and tennis enthusiasts Hubert Eaton and R. Walter Johnson took Gibson under their wing, she won her first of what would be 10 straight ATA championships in 1947.

In 1949, Gibson attempted to gain entry into the USLTA’s National Grass Court Championships at Forest Hills, the precursor of the U.S. Open. When the USLTA failed to invite her to any qualifying tournaments, Alice Marble–a four-time winner at Forest Hills–wrote a letter on Gibson’s behalf to the editor of American Lawn Tennis magazine. Marble criticized the “bigotry” of her fellow USLTA members, suggesting that if Gibson posed a challenge to current tour players, “it’s only fair that they meet this challenge on the courts.” Gibson was subsequently invited to participate in a New Jersey qualifying event, where she earned a berth at Forest Hills.

snip

Though she once brushed off comparisons to Jackie Robinson, the trailblazing black baseball player, Gibson has been credited with paving the way for African-American tennis champions such as Arthur Ashe and, more recently, Venus and Serena Williams. After a long illness, she died in 2003 at the age of 76.

Ms. Gibson became the first African American woman to join the Ladies Professional Golf Association  tour, in 1963, retiring in 1978.

More Turn Left Racing, the Irwin Tools Night Race.  SNL repeat- Zach Galifianakis hosts, Vampire Weekend performs.

• Animal– Pit Boss (premier)
• AMC– Rio Bravo (Marion and Dino)
• ESPN– Little League World Series, Auburn, Washington vs. Plymouth, Minnesota (Elimination Game)
• ABC Family– Harry Potter and the Goblet of Fire
• E!– Pride & Prejudice
• Food– Ace of Cakes
• Oxygen– Miss Congeniality 2: Armed and Fabulous x 2
• SciFi– Lake Placid 2 & 3 (World Premier)
• TBS– Fool’s Gold (again)
• Turner Classic– The Sting, Cool Hand Luke (Paul Newman night)
• TLC– Strange Sex marathon
• TNT– Gladiator (Joey, do you like movies about gladiators?)
• USA– Hairspray, Juno

Later-

• AMC– Hondo (more Marion)
• ABC Family– O Brother, Where Art Thou?
• Turner Classic– Rachel, Rachel
• USA– Enchanted
• VH1– Purple Rain

Boondocks Season 3 Finale, GitS: SAC Interceptor and Decoy (episodes 4 & 5 of the Stand Alone Complex series)

Yahoo TV Listings

Evening Edition is an Open Thread

1 Sweden cancels rape arrest warrant for Wikileaks founder

by Igor Gedilaghine, AFP

40 mins ago

Welcome to the Stars Hollow Health and Fitness weekly diary. It will publish on Saturday afternoon and be open for discussion about health related issues including diet, exercise, health and health care issues, as well as, tips on what you can do when there is a medical emergency. Questions are encouraged and I will answer to the best of my ability. If I can’t, I will try to steer you in the right direction. Naturally, I cannot give individual medical advice for personal health issues. I can give you information about medical conditions and the current treatments available.

Cottage cheese is an excellent, low-calorie source of protein – a half-cup of 1 percent low-fat cottage cheese has 14 grams of protein and only 82 calories. But unlike other dairy products, it isn’t an excellent source of calcium; much of that nutrient goes out with the whey during the curding process.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Robert Reich Why the Unfolding Disaster in Pakistan Should Concern You

The human tragedy unfolding in Pakistan right now demands our full attention.

Flooding there has already stranded 20 million people, more than 10 percent of the population. A fifth of the nation is underwater. More than 3.5 million children are in imminent danger of contracting cholera and acute diarrhea; millions more are in danger of starving if they don’t get help soon. More than 1,500 have already been killed by the floods.

This is a human disaster.

It’s also a frightening opening for the Taliban.

Yet so far only a trickle of aid has gotten through. As of today (Thursday), the U.S. has pledged $150 million, along with 12 helicopters to take food and material to the victims. (Other rich nations have offered even less – the U.K., $48.5 million; Japan, $10 million, and France, a measly $1 million. Today (Thursday), Hillary Clinton is speaking at the UN, seeking more.)

This is bizarre and shameful. We’re spending over $100 billion this year on military maneuvers to defeat the Taliban in Pakistan and neighboring Afghanistan. Over 200 helicopters are deployed in that effort. And we’re spending $2 billion in military aid to Pakistan.

More must be done for flood victims, immediately.

Paul Krugman: Appeasing the Bond Gods

As I look at what passes for responsible economic policy these days, there’s an analogy that keeps passing through my mind. I know it’s over the top, but here it is anyway: the policy elite – central bankers, finance ministers, politicians who pose as defenders of fiscal virtue – are acting like the priests of some ancient cult, demanding that we engage in human sacrifices to appease the anger of invisible gods.

Hey, I told you it was over the top. But bear with me for a minute.

Late last year the conventional wisdom on economic policy took a hard right turn. Even though the world’s major economies had barely begun to recover, even though unemployment remained disastrously high across much of America and Europe, creating jobs was no longer on the agenda. Instead, we were told, governments had to turn all their attention to reducing budget deficits.