February 2013 archive

My Las Vegas Convention- A Happy Story

(originally in orange Sat Jun 17, 2006 at 07:01 PM PDT)

Can you handle the truth?  How about a good story?

If you are a regular reader you may know that I was State Co-ordinator of my meatspace club.  You may not know I was engaged.

Yes I know, hard to believe anyone can stand ek for 5 minutes in a row, let alone want to spend the rest of their life with me.  But it was true.  She loved me.  A lot.

When we met I told her I was a practicing politician on the make, and what I wanted more than anything was to be King.  And then I was.

The National club was having a little get together in Vegas and as Incoming King I had to get there a day early for my special super secret training.  There was training for spouses too, not that we would have traveled separately anyway.

Part of being ek is procrastinating to the very last second, and then packing everything- kitchen sink included.  By the time we reached the airport for our evening red eye I had already been up for 24 hours.  It was a great disappointment to me that all the restaurants, bars, and gift shops were closed.  And our flight was delayed so I was really looking forward to my bag of peanuts on the plane.

Three cramped hours later in Vegas it is still midnight, my love was dragging and so was I, but-

When you’re on the make, you make things happen.  My political handlers were there to greet me in the lobby.  They had super, super secret training which I found out basically consisted of adjourning early and heading for the bar to trade lies.  They wanted me to circulate and make contacts.

Well, you have to make your marks.

I checked in, took my sweetie to our room and said goodnight.  Not the best goodnight I’ve ever given, but I was still a little cranky.  When I got all respectable again, I went back down to meet and greet.

Just as I was calling the whole thing a stupid waste of time, the delegation from my largest local rolls in.  I had to be nice to them, and they had to be nice to me.  Even so I was genuinely flattered that they invited me out to $1.99 breakfast with them.  It was Vegas, it was a good breakfast.

The sun comes up early on my birthday and I had all that super secret training to get through (mostly meeting the club’s corporate sponsors) so I went back to my room and got respectable yet again, woke up my honey and we went off to get trained.

I’ve already told you the valuable information I got.  My fiance got 4 hours of “you will never see him again” and totally embarrassed me (or so people say) by not sucking it up stoically but wailing “I love him so much”.  And she did, even when we broke up.

We had an awkward lunch together that consisted mostly of salad.  Two more hours of propaganda and we were free.

Well kind of.  In one of those coincidences that happens only in real life, her brother from California was also in Vegas, finishing up a business meeting.  We had about an hour of overlap before he had to jet out.

Wait, it gets better.  When we got back to the room there was a cake from room service.  Emily, my mom, didn’t forget my birthday (even though I was born in the age of epidurals) and had sent me the most expensive cake she never got to eat.  It was good, chocolate with chocolate icing and raspberry filling and some fresh raspberries on top.

Did I say I was wicked?  No rest for.  The one thing my sweetheart wanted to see in Vegas was the Hard Rock Hotel.  Now.  My problem was the incoming chief of the whole shebang was holding a party at 6 pm.  Attendance mandatory.

Incoming chief?  It was a contested race, the other guy could have won.  Who says this isn’t about politics?

Sure honey, we have an hour.  Let’s go.

Got my Hard Rock pin to go in my collection, got my complimentary shot glass.  Put a whole buck of slots on my Hard Rock card which still sits in my wallet to remind me of my misspent youth.  Let’s go.

She was not happy, being hustled around.  I was not happy to do it, but you make your marks.   The chosen one had rented the Grand Ballroom at the top of the Hotel and we arrived breathless and cranky at 5:59.  The line was not long and at 6:05 the other couple left.

At 6:06 the doors opened on this ballroom that occupied the entire floor.  The view was spectacular, all up and down the Strip.  There were 2 Champagne Fountains and 2 Chocolate Dippers.  There were buffet tables and carving stations.  THERE WAS AN OPEN BAR!  Four of them, it’s a fun club.

So basically there were 20 people there.  And me.  And my sweetheart.  All sweaty and flushed and tired, our credentials flopping around our necks.

Remember the scene in the Wizard of Oz where Dorothy and company go down the hall?  It was kind of like that, only bigger and longer.  At the end of (no kidding) about a quarter of a mile was the DJ.  We wandered up and said hi and he said- “So is there anything you want to hear?”  I let her pick the song.  It was slow and sappy and we grabbed each other and spun around, alone on acres of dance floor, on top of the world.

After a while some other people showed up so we could ditch, can’t leave a party before it’s started- that would be rude.  We went back to our room and said goodnight again.  I was much better this time, and after an hour or 2 I got respectable, this time in my tux (I own one, cheaper than real clothes) so I could go back to the party and kiss the ring.

It’s all about kissing the ring.

This was a totally different scene.  Though the opposition candidate would come as close as anyone in the previous 10 years to defeating the chosen one, he had totally moved his lame ass party to one corner of the ballroom at the invitation of the magnanimous eventual victor and everyone was doing group shots to ease the sting of their inevitable defeat.  The rest of the place was crowded with people looking for free booze and food (did I mention it’s a fun club?).

I kissed both rings.  It was easy, they were both standing together, the one who would be King and the one who would get a paid staff position as his consolation prize.  No more phoney they than my wishing them both good luck even though I had my marching orders.  And when the time came to convince my delegation to vote for the chosen one, my eloquence changed 60/40 challenger to 80/20 chosen, invoking our block vote rule and sparing us any loss of face as a state.

I was grabbed by a fellow classmate, a state King on the make for the top and dragooned into a conga line of Incoming Kings that he led from bar to bar in the ballroom, bullying his way to the front of the line and buying us all free drinks.

But enough of that is certainly enough and besides I had work to do.  One of the things they teach you in super secret training is to cultivate your base.  In this case that meant post cards to every local officer who was not able to attend.  I stopped at the gift shop in the lobby and picked up the post cards (an assortment, can’t have people comparing notes) and a bottle of Champagne (how do you avoid a hangover for 7 days?  Stay drunk for 6).  You can’t wait to do this because they have to arrive before you return.

When I went in the room my sweetheart woke up, saw the Champagne and said, “Oh, is that for us?”  Sure darling.  I opened it, poured us both a glass.  She took one sip, we kissed, and then she mumbled, “G’night” and rolled away.

So my plan worked perfectly.  About 4 am I was out of cards and out of Champagne so I headed to the lobby again, mostly hoping I could hook up with my breakfast buddies from the day before.  And I did.

Nothing like a good breakfast to energize you.  All the basic food groups, grease and salt and sugar and caffeine, and a mutual game of ring kissing with new friends was a great way to pass the time.  Soon I had to let them pick up my tab and move on.  I went back to my room, showered, changed, wrote my honey a note (because I was in training all day and she was done and had no agenda), and gently shook her awake.  We had a nice chat and then it was time for me to go.

Gotta make your marks.

Now I know what you’re saying- ek you’ve been up for 72 hours.  You should be dead.  Not true, I had a whole 2 hours of sleep on the plane.  And I had meetings, close your eyes, pretend to pay attention, and you can snooze 15 minutes out of every 20.  In great need of chemical stimulation, at the break I bummed my very last cigarette so far- a Merit Light King.

At 3 pm the torture was over and I didn’t have a mark to make until 6.  I went back to my room, hooked up with my sweetie (she had rolled out around 10 and spent a few hours shopping and having lunch with friends), and loosened my tie and napped.  She got many, many ‘candid’ snapshots.

And at 6 we loaded up on the bus for ‘Old Las Vegas’ where there was a big street party.  Thank goodness for busses, I was able to get a half hour head start on my nap on the way home.

When I woke up at 4 am I was hungry.  My fiance was immovable.  I wrote her a note and snuck off to have breakfast.

So that was Las Vegas for a micro-politician on the make.

It went on for a week like that, we actually spent a fair amount of time together after the initial 3 days, shows, restaurants, endless meetings at the Convention Center.

I pause here to pass along a great lesson she gave me.  The most important I took away from Las Vegas.

The food at the Convention Center was terrible.  The first day we got 2 Plastic Pizzas for lunch.  They were about the size of hockey pucks and tasted about the same too.  The second day the Outgoing King gave me a wink and a nod and we joined the Kool Kidz across the street for a lunch that was at least edible.

Afterwards at the light she held my arm and while everyone else went ahead we missed it.  When she turned to me she was as angry as I’ve ever seen her and she said- “Don’t you ever do that again!”

What?

“How do you think those people feel?”, and she pointed at the Convention Center.

She was absolutely right.

You can be King or you can lead.

Lead- be the first and have people follow you.

If you want to be a leader, you have to lead.  You have to be the first.  The first person to pick up a sack and clean up the garbage.  The first person to volunteer to make the phone calls.  The first person to have a hot dog and quip- “What, no Rat?  Only Glue?”

We never crossed the street again, making polite excuses and throwing away styrofoam boxes filled with styrofoam at the same table as everyone else.  As time progressed there were more and more ‘Puffs’ and less Paris Gellers, but we stayed to the bitter end.

Thank you darling, I will never forget.

Some of you may be curious about our break up at this point, but it’s really very simple.  I was a Captain, but she was not the Enterprise and that was what she desperately wanted.  She loved me with a single minded focus I did not share. She was unhappy when I spoke with another woman, or another man, or spent any time away from her.  For my part I couldn’t live up to her expectations- I am after all shallow and one dimensional, I’ve never pushed a noun against a verb except to blow something up.

Since then I’ve never been with anyone else, not that I’ve worried about it- my ego is self sustaining.  I understand she is marrying her 2nd grade crush this summer.  Good for her.  I hope he makes her happy, she deserves it.

I will always remember dancing alone with her in a ballroom in the sky over Vegas.

Random Japan

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THIS JUST IN…

The NPA says 33 people around the country were arrested for voting improprieties in December’s general election-the lowest figure since current election laws were enacted in 1950.

An online survey by research group Macromill found that 75 percent of 20-year-olds “expect little from the country’s politics.”

In a breakthrough that could help endangered species, Japanese scientists have “artificially reproduce[ed] a kind of fish using surrogate parents from another related species.”

The Council for Cultural Affairs recommended two additions to Japan’s roster of important cultural assets: traditional hunting equipment from Akita and a tug-of-war event in Saga known as “Yobuko.”

Health and Fitness News

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

The Fruits of Winter

Blood Orange Compote photo 11recipehealth-articleLarge_zpsa3b46b7b.jpg

When I lived in Europe I got hooked on blood oranges, small oranges with dark ruby red pulp and mottled orange-red skins. Their flavor is deep and multidimensional, with nuances of berries and cherries. And like berries, cherries and other highly nutritious dark red, blue and purple fruits and vegetables, blood oranges have high levels of antioxidant-rich anthocyanins.

The same farmer I bought blood oranges from at my farmers’ market was selling over-ripe fuyu persimmons at a bargain price. I bought a few pounds for pureé, some of which I used for a sweet persimmon spice bread and some of which I froze. Persimmons are another fruit rich in phytonutrients like lutein and lycopene, zeaxanthin and cryptoxanthi, which are all reported to be rich in antioxidants.

~Martha Rose Shulman~

Blood Orange Compote

A delicious dessert, but it is also great at breakfast.

Lemon and Blood Orange Gelée Parfaits

A beautiful, layered gelatin dessert.

Pear Vanilla Sorbet

For maximum flavor, wait until the pears are nice and ripe before making this sorbet

Tangerine Sorbet

A light, refreshing sorbet that can be made with a number of different fruits.

Persimmon Spice Bread

A dense, sweet bread that can be home to over-ripe persimmons.

Punting the Pundits

“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: Renew the Violence Against Women Act

This week’s 78-to-22 vote in the Senate to reauthorize the Violence Against Women Act provided a refreshing demonstration of bipartisanship that the House would do well to emulate. Last year, the Republican-led House blocked the act’s renewal over objections to new protections for gay, immigrant and American Indian victims of domestic violence and sexual assault. It falls to Speaker John Boehner to see that this does not happen again.  [..]

Seventeen Republican members have written to Mr. Boehner urging action on a Violence Against Women Act renewal that reaches “all victims and perpetrators of domestic violence.” This is a sign that the G.O.P.’s rejection by female voters in November is causing some rethinking. Mr. Boehner should allow a vote on the Senate bill.

Gail Collins: Senators Overboard!

We seem to be short one secretary of defense.

Well, there’s Leon Panetta, who has already had his farewell ceremony, given his farewell briefing and his farewell address, then flown home to California. But the Pentagon probably still has his cell number in case a war breaks out.

And there’s Chuck Hagel, nominated yet totally-still-not-confirmed by the U.S. Senate. A Senate that is beginning to resemble a bad Carnival cruise. They’re dead in the water, nothing’s working and the chief engineer is Senator Lindsey Graham of South Carolina.

Jill Richardson: Thank the War on Drugs for your Valentine’s Day roses

Flower-selling was supposed to be an alternative to the cocaine industry. Instead, it’s a source of exploitation

When your love hands you a gorgeous bouquet of large, red, long-stemmed roses this Valentine’s Day, as any botanist will tell you, you’re getting a bunch of sex organs. Although the roses are more beautiful, fragrant and socially acceptable than other methods that might get the same point across (just ask former Congressman Anthony Weiner), there’s a lot more to those roses than meets the eye.

Unfortunately, the romancing of women in the United States often means the exploitation of women in countries like Colombia and Ecuador.

Joan Walsh: Expanding preschool is a no-brainer

Obama’s new proposal gets an A-minus

President Obama’s plan for universal preschool is as ambitious and crucial as his healthcare reform commitment, maybe more so. Citing research showing that investing a dollar in preschool saves $7 in the course of a child’s life, by improving their chances at finishing high school, avoiding early parenthood or prison, going to college and/or getting and holding a job, the president declared Tuesday night: “Let’s do what works, and make sure none of our children start the race of life already behind. Let’s give our kids that chance.” [..]

Obama’s new crusade demands the question: If preschool is such a great value, why haven’t we made it a priority before?

Bill Moyers and Michael Winship: Watchdog makes the SEC its chew toy

In a major new report, the Project on Government Oversight exposes the agency’s rampant cronyism

In our last episode of that ongoing Washington soap opera, “As the Door Revolves,” we introduced you to former Federal prosecutor Mary Jo White, pursuer of drug lords and terrorists, who left government to become a hot shot Wall Street lawyer defending such corporate giants as JPMorgan Chase, UBS, General Electric and Microsoft. Oh yes – and former Goldman Sachs board member Rajat Gupta, currently appealing his insider trading conviction. [..]

When George W. Bush was president and named Chris Cox to run the SEC, we screamed like bloody murder, because Cox had been a partner at a huge global law firm whose client list included Deutsche Bank and Goldman Sachs. Now Obama’s pushing his choices through that same revolving door. It’s called “regulatory capture” – the takeover of government agencies by the very corporations they’re supposed to keep an eye on, to protect everyone’s investments and pensions against abuses of private power.

Robert Reich: Why isn’t raising the minimum wage considered a no-brainer?

For the health of our economy, we can’t afford to fall for the mindless assertion that “markets” know best

Raising the minimum wage from $7.25 to $9 should be a no-brainer. Republicans say it will cause employers to shed jobs, but that’s baloney. Employers won’t outsource the jobs abroad or substitute machines for them because jobs at this low level of pay are all in the local personal service sector (retail, restaurant, hotel and so on), where employers pass on any small wage hikes to customers as pennies more on their bills. States that have a minimum wage closer to $9 than the current federal minimum don’t have higher rates of unemployment than do states still at the federal minimum. [..]

Besides, the proposed increase would put more money into the hands of families that desperately need it, allowing them to buy a bit more and thereby keep others working.

A decent society should do no less.

On This Day In History February 16

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.

February 16 is the 47th day of the year in the Gregorian calendar. There are 318 days remaining until the end of the year (319 in leap years).

On this day in 2006, the last Mobile Army Surgical Hospital (MASH) is decommissioned by the United States Army. The Mobile Army Surgical Hospital (MASH) refers to a United States Army medical unit serving as a fully functional hospital in a combat area of operations. The units were first established in August 1945, and were deployed during the Korean War and later conflicts.

The MASH unit was conceived by Michael E. DeBakey and other surgical consultants as the “mobile army surgical hospital.” Col. Harry A. Ferguson, the executive officer of the Tokyo Army Hospital, also aided in the establishment of the MASH program. It was an alternative to the system of portable surgical hospitals, field hospitals, and general hospitals used during World War II. It was designed to get experienced personnel closer to the front, so that the wounded could be treated sooner and with greater success. Casualties were first treated at the point of injury through buddy aid, then routed through a battalion aid station for emergency stabilizing surgery, and finally routed to the MASH for the most extensive treatment. This proved to be highly successful; it was noted that during the Korean War, a seriously wounded soldier that made it to a MASH unit alive had a 97% chance of survival once he received treatment.

The MASH unit made its way into popular culture through the 1968 novel M*A*S*H by Richard Hooker, the 1970 feature film based on the novel, and the long-running television sitcom (1972-1983) based on the movie. A 1953 film, Battle Circus, also took place at a MASH.

MASH units continued to serve in various conflicts including the Vietnam War. In October 1990 the 5th MASH, 44th Medical Brigade, XVIIIth AirBorne Corps, Fort Bragg, North Carolina, deployed to Saudi Arabia and was the first fully functional Army Hospital in country. This unit moved forward six times, always as the first up hospital for the region. In March 1991 the 5th MASH was operationally attached to the 24th Infantry Division to provide forward surgical care (often right on the front battle lines) to the combat units that attacked the western flank of Iraqi Army. In March 1991, the 159th MASH of the Louisiana Army National Guard operated in Iraq in support of the 3rd Armored Division during Operation Desert Storm.

In 1997, the last MASH unit in South Korea was deactivated. A deactivating ceremony was held in South Korea, which was attended by several members of the cast of the M*A*S*H television series, including Larry Linville (who played Frank Burns), and David Ogden Stiers, (who played Charles Winchester). MASH units have since been replaced by the U.S. Army’s Combat Support Hospitals.

Worldwide, the last MASH unit was deactivated on October 16, 2006. The 212th MASH – based in Miesau Ammo Depot, Germany – was the first U.S. Army hospital established in Iraq in 2003, supporting coalition forces during Operation Iraqi Freedom. It was the most decorated combat hospital in the U.S. Army, with 28 Campaign streamers on the organizational colors. The 212th MASH’s last deployment was to Pakistan to support the 2005 Kashmir earthquake relief operations. The U.S. State Department bought the MASH’s tents and medical equipment, owned by the DoD, and donated the entire hospital to the Pakistani military, a donation worth $4.5 million.

The 212th MASH’s unit sign now resides at the Army Medical Department’s Museum in San Antonio, Texas.

MASH in M*A*S*H

Out of necessity, the “4077th MASH” unit depicted in the television series was considerably smaller than many of the MASH units deployed by the United States in the Korean War. In the series, about four surgeons depicted as being assigned to the unit, the administrative staff consists of the C.O. and his assistant, and few soldiers were shown to be present. By comparison, the 8063rd Mobile Army Surgical Hospital had personnel including twelve nurses, eighty-nine enlisted soldiers of assorted medical and non-medical specialties, one Medical Service Corps (MSC) officer, one Warrant Officer and ten other commissioned officers of assorted specialties. On one occasion, the unit handled over 600 casualties in a 24 hour period.

When an Auction said Michael

The Beat Poetry stylings of Marco Rubio.

Unfortunately I can’t find the close captioning button anymore, but it appears that there were at least 2 versions of this famous work of art (much like the young Mona Lisa).  Here’s a sample captured by TheMomCat (Full Transcript below the fold).

When an auction said Michael — Mr. into in the field were severely dollar and authorities and its analysis thousands. Carefully to that a President Obama political — — assume among not.

If panel to general Norton on this week — sort of dollar and on the home and number — equally ethically counts. — — that this government umbrella title beating him to — I’m at the body in the homeless in August to pay thugs and be — and asked what’s the Hamas you’ve got the April not because I was — — of them. I’ll get paneling and soaps.

Seem fun in — sort of students. And the postal — Caledonia owns him but — and wonder what about the — democratic them psyche in the Palestinians. Have Christiane.

Olympic athlete dormant podium I think that our top bottom Scioscia system — on the — my — this year but some aren’t getting enough — You don’t know Hamas known couple that went — — — but it was a thousand isn’t exception on board — today — — pick us and Oman and god alone us about us — this Llosa. He get dole said Romano didn’t that it shall dollop of deals are you out of town labels on so stunning to speak how — the — — On the bottom of my adios to felony insists. The outer space.

We invited me out of marquis woke up one penny out I don’t know what absolutely that’s — percent of the sequels hopelessly — — — A you know what I concept but that a classmate — me by — — — under the bar man in in my — a headache MI data. — and editing it — they use better than they out of the home around the mosque and what can. Now hold on the — CME gotten swings.

(h/t TiaRachel and the crew at The Daily Show/The Colbert Report and of course Stephen and his writers)

Friday Night at the Movies

I have a sneaking suspicion my endorsement of films by featuring them here is resulting in difficulties.  Here’s one I won’t be sorry to see go.

Not Ready to Make Nice

Sen Elizabeth Warren 1st Banking Hearing photo 17519_10151432756445842_988710335_n_zps66996ea7.jpgHeads up folks, there’s a new sheriff in town and she’s not ready to make nice. Freshman Senator Elizabeth Warren (D-MA) made her debut on the Senate Banking Committee making it very clear to the bank regulators from the alphabet soup of agencies sitting before her, that she was not pleased:

The Democratic senator from Massachusetts had a straightforward question for them: When was the last time you took a Wall Street bank to trial? It was a harder question than it seemed.

“We do not have to bring people to trial,” Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of “consent orders,” or settlements.

“I appreciate that you say you don’t have to bring them to trial. My question is, when did you bring them to trial?” she responded.

“We have not had to do it as a practical matter to achieve our supervisory goals,” Curry offered. [..]

The financial regulators can blame, at least in part, Wall Street lobbyists (along with outgoing Treasury Secretary Tim Geithner and Senate Republicans) for their embarrassing turn at the hearing. Warren would have been on the panel herself representing the Consumer Financial Protection Bureau, instead of a sitting senator, if her nomination to head the agency hadn’t been thwarted in 2011.

After getting the essentially the same answer from the others at the table, Sen. Warren, who was a friend and admirer of the late Internet activist Aaron Swartz who all too briefly was her constituent, alluded to his suicide chastised the lack of any criminal prosecutions:

There are district attorneys and United States attorneys out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it. I’m really concerned that ‘too big to fail’ has become ‘too big for trial.

Sen. Warren is part of the “new breed” of Senate Democrats who are not going to sit quietly in the background, as digby said, “for at least four years before they were allowed to assert themselves in even the tiniest ways.” But is she rally that “awesome?”

At naked capitalism, Yves Smith is more reserved in her assessment and believes that Sen. Warren is hamstrung by the time constraints for questions and answers that “produce “sound-bites, grand-standing, and run-out-the-clock obfuscation rather than meaningful interaction:”

So while Warren fans are happy with her debut, these star turns are useful for signaling, but they are not how she will make a difference, if she can make a difference. The Senate gives her ready media access, but the convention in the Senate is for newbies keep a low profile for the first six months. Warren might be allowed some liberties on banking issues, given her expertise in this arena. Notice how she breezily overstepped her time limits in the video clip. But expect her to hew to convention elsewhere, otherwise she could undermine her ability to get things done. Remember, Hillary Clinton had to bring fellow Senators coffee as a freshman to prove she didn’t have airs.

That also means we are likely to remain in the dark about where Warren stands on other issues that affect middle class families, like social insurance programs and the progressivity of taxes, until after the deficit pact is done (Warren will be expected to fall in with the party position), unless we have another kick-the-can deal in March and real fights take place when she is in a position to operate a bit more freely.

So the early signs of how tough-minded Warren intends to be will come through the letters, speeches, and positions she takes on banking matters outside the formal Committee sessions. Her early talk is promising, but we need to see how she follows up with action.**

Meanwhile, the lack of clear, simple regulation that was the hallmark of the Glass – Steagall Act has Wall Steet manipulating Dodd – Frank to “bypass new regulations aimed at limiting reckless speculation, enhancing the prospect of another derivatives crisis, warn some market participants.”

Under the Dodd-Frank financial reform law adopted by Congress in 2010, investors are required to set aside significant sums of cash to cover losses on their derivatives trades — money they could otherwise plow into additional investments. That policy came in response to the financial crisis that began in 2007, when major financial institutions found themselves unable to cover hundreds of billions of dollars in shortfalls on derivatives trades.

But traders have recently forged a path around these so-called margin requirements in order to allow them to harvest larger profits via larger bets: They are repackaging some derivatives known as swaps into another financial product known as futures. Futures are less stringently regulated, meaning investors can stake out larger positions while reserving smaller amounts of cash.

I don’t expect that President Obama’s nominee for Treasury Secretary, Jack Lew, will be any better the Tim Geithner since he has been a steady defender of deregulation and repeatedly said that he didn’t “believe that deregulation was the proximate cause” of the banking crisis. As President Bill Clinton’s head of OMB, Mr. Lew organized the gutting of Glass-Steagall protections against banker adventurism.

It seems that Sen. Warren has struck a nerve when she said:

At one point, Warren asked why big banks’ book value was lower, when most corporations trade above book value, saying there could be only two reasons for it.

“One would be because nobody believes that the banks’ books are honest. Second, would be that nobody believes that the banks are really manageable. That is, if they are too complex either for their own institutions to manage them or for the regulators to manage them” {..}

That set off angry responses to Politico’s Morning Money. “While Senator Warren had every right to ask pointed questions at today’s Senate Banking Committee hearing, her claim that ‘nobody believes’ that bank books are honest is just plain wrong,” emailed a “top executive” to the financial newsletter. ” Perhaps someone ought to remind the Senator that the campaign is over and she should act accordingly if she wants to be taken seriously.” [..]

In an email, a GOP bank lobbyist said, “Republicans also would like to know why the Democratic donor base has avoided trial. Maybe she should subpoena the DSCC and Obama’s super PAC to answer her question.”

Consumer Bankers Association CEO Richard Hunt was slightly more diplomatic. “We have been through more tests and thorough exams than any college student over the past four years, including many conducted by the CFPB. The results of the Hamilton Partners Financial Index and the testimony of OCC Comptroller [Thomas] Curry were very clear: the United States banking system is safe and sound, supported by historic and permanent capital ratios. We are working every day to fulfill the financial needs of the American consumer and small business and will continue to work with any and all lawmakers who seek to assist in this extremely important process.”

Awww, she hurt their feelings.

Sen. Warren has a Mt. Everest size hill to climb. We wish her luck.

Punting the Pundits

“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”.

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New York Times Editorial: A Defense Secretary, Blocked by Politics

For the last four years, Senate Republicans have used the power of the filibuster to block legislation, bottle up nominees to courts and government departments, and strangle federal agencies, even though they are in the minority. On Thursday, they hit a new low. They successfully filibustered Chuck Hagel, President Obama’s nominee for defense secretary, the first time a cabinet nominee for this post has been prevented from receiving an up-or-down vote.

The Constitution says the Senate must give or withhold its consent to presidential nominees; it does not give minority blocs the power to determine the outcome. The Senate could have restored the power of a majority last month if Mr. Reid had agreed to a proposal to reduce this abuse, but he did not. Though Republicans are determined to turn cabinet nominations into tortuous ordeals, Democrats gave them the power to do so.

Paul Krugman: Rubio and the Zombies

The State of the Union address was not, I’m sorry to say, very interesting. True, the president offered many good ideas. But we already know that almost none of those ideas will make it past a hostile House of Representatives.

On the other hand, the G.O.P. reply, delivered by Senator Marco Rubio of Florida, was both interesting and revelatory. And I mean that in the worst way. For Mr. Rubio is a rising star, to such an extent that Time magazine put him on its cover, calling him “The Republican Savior.” What we learned Tuesday, however, was that zombie economic ideas have eaten his brain.

Bruce A. Dixon: Obama Inherits & Normalizes the Arrogance, and Impunity of Tricky Dick Nixon, Ronald Reagan and Both Bushes

When Republican presidents Nixon, Reagan and Bush waged secret wars based on mountains of lies and deceit, they were nearly impeached, but in each case Democrats in control of Congress could not pull the trigger. As a result, the Obama White House basks in a presidential culture of murderous arrogance and lawless impunity. [..]

But in the end, none of these Republican warmongers were impeached while in office or indicted afterward because Democrats, in control of Congress every time, could never bring themselves to pull the trigger. So Tricky Dick Nixon stepped down. Reagan doddered off to the ranch, and Dubya’s at home right now watching American Idol. Barack Hussein Obama may be a different color and from a different party but he inherits their arrogance, their immunity, their impunity.

Richard (RJ) Eskow: The Great Wage Robbery

Two important events took place this week. One was the President’s call for a higher minimum wage, which got a lot of attention. The other was a new report which showed just how much of our nation’s wealth continues to be hijacked by the wealthiest among us.

That didn’t get much attention.

There’s a Great Robbery underway, although most of its perpetrators don’t see themselves as robbers. Instead they’re sustained by delusions that protect them from facing the consequences of their own actions.

Bill Boyarsky; Christopher Dorner and the Lines That Divide Us

Fault lines of class, gender, generation, geography and race split society, observed the late newspaper editor Robert Maynard. The racial division, clear almost two decades ago during the O.J. Simpson murder trial, has emerged again in the public discourse over the case of Christopher Dorner, a dismissed African-American cop accused of killing four people before apparently losing his life in a gunfight with police and subsequent fire.

Maynard, who was also African-American, was editor and publisher of The Oakland Tribune and co-founder of the Institute for Journalism Education. His fault line theory was inspired by the earthquake faults that underlie California and the societal faults that periodically rip the nation, his state and his city of Oakland.

Al Gore: False Spontaneity of the Tea Party

A new study by the National Cancer Institute of the National Institute of Medicine reveals that the Tea Party Movement was planned over a decade ago by groups with ties to the tobacco and fossil fuel industries. The movement was not a spontaneous populist uprising, but rather a long-term strategy to promote the anti-science, anti-government agenda of powerful corporate interests.

The two organizations mentioned in the report, Americans for Prosperity and Freedomworks, used to be a single organization that was founded by the Koch brothers and heavily financed by the tobacco industry. These organizations began planning the Tea Party Movement over ten years ago to promote a common agenda that advocated market fundamentalism over science and opposed any regulation or taxation of fossil fuels and tobacco products.

On This Day In History February 15

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.

February 15 is the 46th day of the year in the Gregorian calendar. There are 319 days remaining until the end of the year (320 in leap years).

On this day in 1903, toy store owner and inventor Morris Michtom places two stuffed bears in his shop window, advertising them as Teddy bears. Michtom had earlier petitioned President Theodore Roosevelt for permission to use his nickname, Teddy. The president agreed and, before long, other toy manufacturers began turning out copies of Michtom’s stuffed bears, which soon became a national childhood institution.

The name Teddy Bear comes from former United States President Theodore Roosevelt, whose nickname was “Teddy”. The name originated from an incident on a bear-hunting trip in Mississippi in November 1902, to which Roosevelt was invited by Mississippi Governor Andrew H. Longino. There were several other hunters competing, and most of them had already killed an animal. A suite of Roosevelt’s attendants, led by Holt Collier, cornered, clubbed, and tied an American Black Bear to a willow tree after a long exhausting chase with hounds. They called Roosevelt to the site and suggested that he should shoot it. He refused to shoot the bear himself, deeming this unsportsmanlike, but instructed that the bear be killed to put it out of its misery, and it became the topic of a political cartoon by Clifford Berryman in The Washington Post on November 16, 1902. While the initial cartoon of an adult black bear lassoed by a white handler and a disgusted Roosevelt had symbolic overtones, later issues of that and other Berryman cartoons made the bear smaller and cuter.

Morris Michtom saw the drawing of Roosevelt and the bear cub and was inspired to create a new toy. He created a little stuffed bear cub and put it in his shop window with a sign that read “Teddy’s bear,” after sending a bear to Roosevelt and receiving permission to use his name. The toys were an immediate success and Michtom founded the Ideal Novelty and Toy Co.

At the same time in Germany, the Steiff firm, unaware of Michtom’s bear, produced a stuffed bear from Richard Steiff‘s designs. They exhibited the toy at the Leipzig Toy Fair in March 1903 and exported 3,000 to the United States.

By 1906 manufacturers other than Michtom and Steiff had joined in and the craze for “Roosevelt Bears” was such that ladies carried them everywhere, children were photographed with them, and Roosevelt used one as a mascot in his bid for re-election.

American educator Seymour Eaton wrote the children’s book series The Roosevelt Bears, while composer John Bratton wrote “The Teddy Bear Two Step” which, with the addition of Jimmy Kennedy‘s lyrics, became the song “The Teddy Bears’ Picnic”.

Early teddy bears were made to look like real bears, with extended snouts and beady eyes. Today’s teddy bears tend to have larger eyes and foreheads and smaller noses, babylike features that make them more attractive to buyers because they enhance the toy’s cuteness, and may even be pre-dressed.

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