July 2012 archive

Welcome to the Stars Hollow Health and Fitness News 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. Also an opportunity to share and exchange your favorite healthy recipes.

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.

You can now find past Health and Fitness News diaries here and on the right hand side of the Front Page.

Follow us on Twitter @StarsHollowGzt

Aioli is the quintessential Provençal condiment, a very pungent garlic mayonnaise that in its home country contains more garlic than the version below – which is already pretty garlicky. It’s easy enough to make, and wonderful with all sorts of vegetables, like greens, steamed artichokes and asparagus. All it requires of the eater is a taste for raw garlic.

“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.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Joe Nocera: Libor’s Dirty Laundry

Here in the early stages of the Libor scandal – and, yes, this thing is far from over – there are two big surprises.

The first is that the bankers, traders, executives and others involved would so openly and, in some cases, gleefully collude to manipulate this key interest rate for their own benefit. With all the seedy bank behavior that has been exposed since the financial crisis, it’s stunning that there’s still dirty laundry left to be aired. We’ve had predatory subprime lending, fraudulent ratings, excessive risk-taking and even clients being taken advantage of in order to unload toxic mortgages. [..]

Which brings me to the second big surprise. Britain and America have reacted to the Libor scandal in completely different ways. Britain is in an utter frenzy over it, with wall-to-wall coverage, and the most respectable, pro-business publications expressing outrage. Yes, Barclays is a British bank, and the first word in Libor is “London.” But still: The Economist ran a headline about the scandal that read, in its entirety, “Banksters.”

Yet, on these shores, the reaction has been mainly a shrug. Perhaps we’re suffering from bank-scandal fatigue, having lived through Bank of America’s various travails, and the Goldman Sachs revelations, and, most recently, the big JPMorgan Chase trading loss. Or maybe Libor is just hard to gets one’s head around.

New York Times Editorial: The Square Off Over Jobs

There’s no solace in the employment report for June, released Friday. The economy added a paltry 80,000 jobs last month, leaving no doubt that the economy is slowing. In the past three months, the economy averaged 75,000 new jobs a month, compared with 226,000 in the prior three months. The jobless rate in June held steady at 8.2 percent, which is down from the recession peak of 10 percent in October 2009 but still very high.

Who is to blame?

How can it be fixed? [..]

The question then is why the recovery under Mr. Obama has not been stronger. Part of the answer lies beyond the control of any American politician, including the euro zone crisis and, more recently, the slowdown in China. But part is the result of obstructionist Republican politics, including the fiasco in 2011 over raising the debt ceiling, which dented confidence in Congress’s ability to steer the economy.

A report in the New York Times by Mark Mazzetti, a national-security correspondent, revealed that the US trains drone “pilots” at Holloman Air Force Base in New Mexico  in air conditioned trailers, sitting in comfortable chairs while they practice targeting on civilian cars passing the base.

The base has been converted into the U.S. Air Force’s primary training center for drone operators, where pilots spend their days in sand-colored trailers near a runway from which their planes take off without them. Inside each trailer, a pilot flies his plane from a padded chair, using a joystick and throttle, as his partner, the “sensor operator,” focuses on the grainy images moving across a video screen, directing missiles to their targets with a laser.

Holloman sits on almost 60,000 acres of desert badlands, near jagged hills that are frosted with snow for several months of the year – a perfect training ground for pilots who will fly Predators and Reapers over the similarly hostile terrain of Afghanistan. When I visited the base earlier this year with a small group of reporters, we were taken into a command post where a large flat-screen television was broadcasting a video feed from a drone flying overhead. It took a few seconds to figure out exactly what we were looking at. A white S.U.V. traveling along a highway adjacent to the base came into the cross hairs in the center of the screen and was tracked as it headed south along the desert road. When the S.U.V. drove out of the picture, the drone began following another car.

“Wait, you guys practice tracking enemies by using civilian cars?” a reporter asked. One Air Force officer responded that this was only a training mission, and then the group was quickly hustled out of the room.

Good practice for the real thing right here at home.

Drone strike kills 19 ahead of US-Pakistan meeting in Tokyo

Air strike is first since Pakistan reopened Nato supply route to Afghanistan and comes just before crucial diplomatic meeting

The death toll from a US drone strike in Pakistan rose to 19 on Saturday, increasing tensions ahead of a meeting between secretary of state Hillary Clinton and her Islamabad counterpart.

Pakistani authorities increased the estimate from an initially reported 12 suspected militants who were killed in the attack in the Dattakhel region in North Waziristan on Friday. [..]

But the use of drones is highly controversial, with a large chunk of the Pakistani public – as well as human rights activists around the world – resenting their use due to the high number of non-military casualties.

Figures from the London-based Bureau of Investigative Journalism show that CIA drones stuck Pakistan 75 times in 2011, causing up to 655 fatalities.

The majority of those killed were alleged militants, but as many as 126 civilians also have lost their lives, the bureau’s figures suggest.

And just who makes the determination that these people are militants? Based on what “intelligence”? According to the Obama administration any male in the vicinity of an alleged militant is a militant as well. How convenient.  

Meanwhile their killers, pilots sit comfortable, get to go safely home to their families and the US saves money because it’s all done right here in the US.

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

Find the past “On This Day in History” here.

Click on images to enlarge.

July 7 is the 188th day of the year (189th in leap years) in the Gregorian calendar. There are 177 days remaining until the end of the year.

The terms 7th July, July 7th, and 7/7 (pronounced “Seven-seven”) have been widely used in the Western media as a shorthand for the 7 July 2005 bombings on London’s transport system. In China, this term is used to denote the Battle of Lugou Bridge started on July 7, 1937, marking the beginning of the Second Sino-Japanese War.

On this day in 1898, U.S. President William McKinley signs the Newlands Resolution annexing Hawaii as a territory of the United States.

In 1898 President of the United States William McKinley signed the treaty of annexation for Hawaii, but it failed in the senate after the 38,000 signatures of the Ku’e Petitions were submitted. After the failure Hawaii was annexed by means of joint resolution called the Newlands Resolution.

The Territory of Hawaii, or Hawaii Territory, was a United States organized incorporated territory that existed from July 7, 1898, until August 21, 1959, when its territory, with the exception of Johnston Atoll, was admitted to the Union as the fiftieth U.S. state, the State of Hawaii.

The U.S. Congress passed the Newlands Resolution which annexed the former Kingdom of Hawaii and later Republic of Hawaii to the United States. Hawaii’s territorial history includes a period from 1941 to 1944 – during World War II – when the islands were placed under martial law. Civilian government was dissolved and a military governor was appointed.

Newlands Resolution of 1898

On 7 July 1898, McKinley signed the Newlands Resolution (named after Congressman Francis Newlands) which officially annexed Hawaii to the United States. A formal ceremony was held on the steps of ‘Iolani Palace where the Hawaiian flag was lowered and the American flag raised. Dole was appointed Hawaii’s first territorial governor.

The Newlands Resolution said, “Whereas, the Government of the Republic of Hawaii having, in due form, signified its consent, in the manner provided by its constitution, to cede absolutely and without reserve to the United States of America, all rights of sovereignty of whatsoever kind in and over the Hawaiian Islands and their dependencies, and also to cede and transfer to the United States, the absolute fee and ownership of all public, Government, or Crown lands, public buildings or edifices, ports, harbors, military equipment, and all other public property of every kind and description belonging to the Government of the Hawaiian Islands, together with every right and appurtenance thereunto appertaining: Therefore, Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That said cession is accepted, ratified, and confirmed, and that the said Hawaiian Islands and their dependencies be, and they are hereby, annexed as a part of the territory of the United States and are subject to the sovereign dominion thereof, and that all and singular the property and rights hereinbefore mentioned are vested in the United States of America.”

The Newlands Resolution established a five-member commission to study which laws were needed in Hawaii. The commission included: Territorial Governor Sanford B. Dole (R-Hawaii Territory), Senators Shelby M. Cullom (R-IL) and John T. Morgan (D-AL), Representative Robert R. Hitt (R-IL) and former Hawaii Chief Justice and later Territorial Governor Walter F. Frear (R-Hawaii Territory). The commission’s final report was submitted to Congress for a debate which lasted over a year. Congress raised objections that establishing an elected territorial government in Hawaii would lead to the admission of a state with a non-white majority.

Know much?  Me either.

Silverstone is everybody’s test track, but they haven’t done much.

The weekend is going to be Wet, Dry, Wet which means the only time they’ll get with the drys (Hard and Medium) is P3 and Qualifying.  It will be a challenge to see how they balance the chassis setup between Qualfying (dry) and Racing (wet).  Clear vision is a distinct advantage.  Most drivers Friday spent the majority of their time in the garage.  To be fair the place was an ice rink.

They won’t be using drys tomorrow though they could run out of Wets and Inters.  I wonder if someone will try to spare his Mediums?

Debrief was all rain games, spins, and blooper reels.  They did mention that negotiations on the new racing agreements are not going well which is amazingly reality based for them.

Guess they ran out of everything else.

Renault has no idea what is wrong with their alternators.  Test driver Maria de Villota of Marussia lost her right eye in a crash.

Coverage starts at 8 am on Speed.  Tomorrow the race is tape delayed until noon on Faux so I’ll have to use the same tricks I used for Valencia.  I’ll mostly be watching this today though because nothing important ever happens in the first 90 minutes of Le Tour.  It’s like Turn Left that way.

• Formula One Official Site
• Silverstone
• Guardian Interactive Circuit Guide

Tomblaine / La Planche des Belles Filles (123.7 miles)

Le.  Tour.  De.  France.

So Le Tour has 2 dual stage winners, Peter Sagan and Andre Greipel  Take that Formula One.

Also plenty of flaming chunks of twisted metal which is why Sprinters can’t be trusted.

On the other hand you can’t say that among the front runners they’ve had much material effect.  Of the “name” dark horses Frank Schleck has been hurt the worst, losing 2:02 by getting involved in yesterday’s 26 km crash.  Mark Cavendish lost a similar amount, but he’s a Sprinter so his total time doesn’t matter as much.

Alessandro Valverde, Pierre Rolland, Robert Gesink and Janez Brajkovic lost over 2:30 each.  Thomas Voeckler and Ryder Hesjedal much more.

Wouter Poels, Thomas Danielson, Davide Vigano, and Mikel Astarloza are already withdrawn, many people are pretty beat up.

The good news is that today we have a nice, safe, sane Mountain stage where the all-rounder GC contenders may be able to put on a move or two.  There are two category 3s and a category 1.  The Points award is just before the first peak.

General Classification

Today and Sunday 8 am live coverage will be on NBC proper.  Coverage is customarily on Vs. (NBC Sports) starting at 8 am with repeats at noon, 2:30 pm, 8 pm, and midnight.  There will be some streaming evidently, but not all of it is free.

Sites of Interest-

• 2012 Le Tour
• Tomblaine / La Planche des Belles Filles (123.7 miles)
• Wikipedia
• Geek Guide (very basic)
• Guardian Interactive Guide

The Stars Hollow Gazette Tags-

• Le Tour
• 2010 Le Tour
• 2011 Le Tour
• 2012 Le Tour

Pretty tables-

I am not ready to start a new, long series about music just yet, so tonight we shall discuss the hate filled, venom spitting American Family Association (AFA).  This is one of the most conservative, evangelical groups that exists and qualifies as being termed a hate group by the Southern Poverty Law Center.

I go back a very long time with the AFA.  When I lived in Arkansas, their radio stations were everywhere (as they are now) and they had also started a website, afa.net.  They also run a radical news organization, onenewsnow.com (ONN).  It is interesting that this could be pronounced either “one news now”, or “one new snow”.  I like the latter better because their “articles” are a big snow job for the most part.  It is ironic that ONN is also the acronym for Onion News Network, and their stories are often more realistic that the AFA ones are.  I commented on some of their news articles and drew the wrath of the son of the founder.  I wish I still had the emails that he sent me; they were mean spirited and nasty.

Before we get very far into this, let me make my philosophy clear.  I am not a believer in any religion, but I am not one of those “evangelical atheists” who want to make it difficult for believers.  I just do not think that public funds should be expended to promote any religion, regardless of what the particular religion is.  Likewise, I do not think that public funds should be expended to suppress any religion.  I am a live and let live sort of person, unless someone threatens me or my loved ones.  The AFA, in my estimate, threatens all of us who do not agree with them.

Up Date: 7:00 PM EDT The California High Speed Rail Bill has passed 21 – 16.

Today is the crucial vote for High Speed Rail project in the California State Senate. As, BruceMcF pointed out in this week’s Sunday Train, it all hinges on the Democrats.

In response to complaints, including from Senators (Joe) Simitian and (Alan) Lowenthal, that too much was being spent in the less heavily populated central valley, and not enough money was being spent in the more populous LA Basin and Bay Area, the revised Business Plan includes “early investment” in the bookends, to help prepare them for blended operation of HSR alongside more local rail services.

That early investment includes an agreement that will allow for the funding of the electrification of the Caltrain Corridor, serving Simitian’s own district, and key to the long term survival of the Caltrain service so that it is available for use when the next petroleum crisis hits.

But, going by the description of a Simitian staffer of his position, these changes may not have been enough to convince Simitian to switch to a position of support for actually building HSR.

The bill passed the Assembly and Gov. Jerry Brown has said that he will sign it but there are at least 6 Democratic hold outs. Since there all the Republicans are opposed and to pass the bill needs 21 of the 25 Democratic Senators, the funding totally hinges on these Senators.

The California state Assembly on Thursday approved an $8 billion high-speed rail financing plan that likely will face a tougher vote in the Senate over the system’s projected $68 billion cost and concerns about its management.

The project, expected to take decades to complete, has the backing of Democratic Governor Jerry Brown, who says a bullet train network will boost job creation and provide an alternative to car and plane travel in the country’s most populous state. [..]

If it is approved, California could begin selling bonds for the project and lock in federal funds for a line in the state’s Central Valley.

Senator Leland Yee, a Democrat from San Francisco, said the plan’s supporters have their work cut out winning him over, a sentiment other Democratic senators have shared with Reuters in recent days.

As David Dayen at FDL News notes, if the bill is not passed, California will lose the billions in promised funding for the project from the Federal government:

This is crucial, because the federal Department of Transportation has made clear that they will revoke their $4.3 billion in federal funds for California’s HSR project, most of which came out of the stimulus package, if the state doesn’t approve funding today. This would undoubtedly stall the project, perhaps permanently. And California is probably the furthest along of any state on a high speed rail system.

Building this leg of the system is crucial to transportation in the region, energy and fuel economy and it will create jobs in hard hit California. All of that should offset any negatives of bond funding, by increasing revenue brought in from more people workong and spending in California. Let’s hope a couple of these Democrats wake up and see the advantage to being at the forefront of a new transportation age.

“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.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

New York Times Editorial: Bank Scandal Deepens

The settlement between government authorities and Barclays over the bank’s attempts to rig benchmark interest rates drew a picture of a bank that was negligent and corrupt at various times and to varying degrees. Unfortunately, as big banks go, that comes as no shock.

It would be a shock if regulators and prosecutors found the resources and willingness to go wherever the rate-rigging scandal leads, even to the upper echelons of the world’s biggest banks and powerful central banks, including the Bank of England and the Federal Reserve.

Paul Krugman: Off and Out With Mitt Romney

In a better America, Mitt Romney would be running for president on the strength of his major achievement as governor of Massachusetts: a health reform that was identical in all important respects to the health reform enacted by President Obama. By the way, the Massachusetts reform is working pretty well and has overwhelming popular support.

In reality, however, Mr. Romney is doing no such thing, bitterly denouncing the Supreme Court for upholding the constitutionality of his own health care plan. His case for becoming president relies, instead, on his claim that, having been a successful businessman, he knows how to create jobs.

This, in turn, means that however much the Romney campaign may wish otherwise, the nature of that business career is fair game. How did Mr. Romney make all that money? Was it in ways suggesting that what was good for Bain Capital, the private equity firm that made him rich, would also be good for America?

And the answer is no.

The huge LIBOR scandal that involves the manipulations of rates by the big banks is like a black hole that is sucking more and more into its center. Nor is this scandal victimless, as former former Barclay’s chief executive Bob Diamond would have the world believe.

Yes, Virginia, the Real Action in the Libor Scandal Was in the Derivatives

by Yves Smith at naked capitalism

As the Libor scandal has given an outlet for long-simmering anger against wanker bankers in the UK, there have been some efforts in the media to puzzle out who might have won or lost from the manipulations, as well as arguments that they were as “victimless” or helped people (as in reporting an artificially low Libor during the crisis led to lower interest rate resets on adjustable rate loans pegged to Libor; what’s not to like about that?)

What we have so far is a lot of drunk under the streetlight behavior: people trying to relate the scandal to the part that is most visible and easy to understand, meaning the loan market that keys off Libor. As much as that’s a really big number ($10 trillion), it is trivial compared to the relevant derivatives. From the FSA letter to Barclays:

   The Eurodollar futures contract traded on the CME in Chicago (which is the largest interest rate futures contract by volume in the world) has US dollar LIBOR as its reference rate. The value of volume of that contract traded in 2011 was over 564 trillion US dollars.[..]

Devil’s advocates have also argued that while Barclays submitted improper Libor rates, there’s no evidence they influenced the rates. I read the FSA document quite differently.

Recall that (so far) we have two phases of activity: one from 2005 to 2007, in which derivatives traders at Barclays would lean on the Submitters on a regular basis to place bids that would help improve the profits of positions they had on, and a later phase, during the crisis, where Barclays felt its peers were submitting lowball figures to the daily fixings and it was getting bad press for being an outlier, and it went to posting what it though were competitive, as in artificially low, data.

The Big Losers in the Libor Rate Manipulation

by Barry Ritholz at The Big Picture

Local Governments Which Entered Into Interest Rate Swaps Got Scalped

We know that the big banks conspired to manipulate Libor rates, with the approval of government authorities.

We know that the Libor manipulation effected the world’s largest market – interest rate derivatives.

But who are the biggest victims?

Sometimes the big banks manipulated the Libor rates up, and sometimes down.  Different groups of people got hurt depending which way the rates were gamed.

Atrios thinks that British Chancellor of the Exchequer George Osborne is Stupid

At one point in The Godfather Part III, Michael Corleone sagely remarks: “Never hate your enemies. It affects your judgment.” It was this lesson that George Osborne, as so often in his political career, forgot this week. After his aides were forced to “clarify” that he had never alleged that Ed Balls was personally involved in the Libor scandal (rather that he had “questions to answer”, a distinction without a difference if ever there was one), opinion is hardening among Conservative MPs that the Chancellor has overreached himself.

In a fascinating piece in today’s Times (£), Sam Coates and Roland Watson collate a series of off-the-record barbs from Tory backbenchers. One MP describes Osborne’s obsession with the alleged role of Balls and “Whitehall sources” in the scandal as a “red herring”, adding: “There was no smoking gun.” Another opines: “People want us to sort out the effing banks, not worry about what Ed Balls might have said four years ago.” Osborne’s dual role as Chancellor and chief Tory strategist is also called into question (the increasing view among Tory MPs is that he isn’t good at either job). One MP comments: “When are we going to get a Chancellor who is not part time? You can’t run the sixth largest economy in the world with a mate-ocracy.”

Hard to disagree with that.