October 2013 archive

2013 Major League Baseball Championship Game 1: Cardinals @ Red Sox

Yup.  That’s what Harry Frazee traded the Bambino for.

Now at 90+ minutes that’s a little bit long even for a World Series game where they’ll dust the plate after every pitch so that everyone gets their TV time so I’m in the market for some kind of short and snappy YouTube vignette to symbolize the BoSox.  You know, something like this-

The story behind the Rally Squirrel is this-

Rally Squirrel is the name given to an American gray squirrel (Sciurus carolinensis) which appeared on the field and ran across home plate at Busch Stadium during a 2011 National League Division Series (NLDS) Major League Baseball game between the Philadelphia Phillies and St. Louis Cardinals on October 5, 2011. The squirrel captured American media attention, and was adopted as an unofficial mascot by the Cardinals and the populace of St. Louis. The Cardinals would go on to win the 2011 World Series.

On October 4, a gray squirrel appeared in the outfield during Game 3 of the Phillies-Cardinals National League Division Series, causing an interruption in play.

During the fifth inning of Game 4 on October 5, a squirrel again appeared on the field. Play was not interrupted, but the squirrel caused considerable confusion, running across home plate as Phillies pitcher Roy Oswalt was delivering a pitch to Skip Schumaker. The squirrel then jumped into the stands. Umpire Ángel Hernández called the pitch a ball; Oswalt and Philadelphia manager Charlie Manuel argued, unsuccessfully, that Oswalt had been distracted by the squirrel and that “no pitch” should be called. Manuel later avowed that, if he had a firearm, he would have shot the obstreperous rodent. Some commentators speculated that the October 4 and October 5 squirrels were the same animal, but this was not proven.

Now I’ll not be rooting for the Sox much I think, though I really have nothing against them except that the game they play is not Baseball but some kind of weenie contest where Pitchers hide in the dugout instead of standing at the plate and their at bats are given to overpaid has beens who are no longer good enough to take the field.  Connecticut has always been a battleground between those who hate the Yankees with the burning white hot passion of a thousand suns and people who like their Baseball easy and are willing to let someone else bankroll it.  Of course there is no arguing with the results- 25% of all Championships in the last hundred years or so.

The Cardinal program is kind of like the Senior League version of that.

St Louis Cardinals: the nicest fans in baseball?

David Lengel, The Guardian

Tuesday 22 October 2013 11.41 EDT

Maybe it’s best for them to stay in groups whilst away from St Louis, because Cardinals fans are under unprecedented fire lately. Why? For being Cardinals fans. What’s the perception driving detractors of St Louis’ fans? That they’re a sickly-sweet group of do-gooding polite Midwesterners that refuse to get upset with their own players even when they suck. That sometimes, they even have the nerve to applaud the opposition! (See this blog on Deadspin and this on Bloomberg). This hatred is exacerbated when the Cards crush you season after season of course, to the tune of 19 pennants and 11 World Series titles. Yes, outsiders are starting to notice such dominating play, and the Yankees, long the premier public enemy for baseball fans, may soon have company.

Some selected stories for your attention-

Red Sox vs Cardinals: an old time World Series with a new spin

Harry J Enten, The Guardian

Wednesday 23 October 2013 08.55 EDT

(I)t hasn’t been since 1999 in which the teams with the leagues’ best records competed against each other in the World Series. For an old-time baseball fan like my father, who can’t quite figure out what a wild card is exactly, this World Series offers a respite to those who believe the regular season should count for a lot more than it currently does.

Second, it is fitting that such a series would take place in Boston and St. Louis. Both teams played in their respective leagues and respective cities when the American League was founded in 1901. Only 16 of the now 30 major league franchises were actually in existence 112 years ago.

The percentage dips even lower when you consider teams that were playing in the cities they do now. Only four American League teams – the Indians, Red Sox, Tigers, and White Sox – and five National League teams – the Cardinals, Cubs, Reds, Phillies, and Pirates – were in their current cities when the current Major League alignment came into existence.



(I)t wasn’t until the 1920s when the Yankees began their run of World Series victories. One could argue that the Boston Red Sox were the American League team of the first quarter of the 20th century. The Yankees weren’t even the best team in New York, as that honor fell to the National League New York Giants.

This World Series promises to reset the dial to a non-Yankee ruled world. Both the Cardinals and Red Sox have won two World Series in this century, tied with the Yankees. The winning team will have won the most World Series in the 21st century and ever so slightly knock the Yankees back.

Red Sox 2013 have many parallels to 2004 World Series winners

Hunter Felt, The Guardian

Monday 21 October 2013 12.00 EDT

It could be argued that no team had ever had an unlikelier road to the World Series than the 2004 Red Sox, to the point where the World Series itself ended up being entirely anticlimactic. The 2004 St Louis Cardinals, who had won 105 games in the regular season and had, in Albert Pujols, the Greatest Player In Baseball Not Named Barry Bonds, barely put up a fight during the four-game sweep. The Cardinals were just on the wrong side of history. When asked if St Louis would have done better in the World Series if they had home field advantage, which the wild card winning Red Sox only held because the American League had won that year’s all-star game, manager Tony La Russa would sarcastically offer that maybe his team would have actually won a single game.

Boston Red Sox vs St Louis Cardinals: position by position guide

David Lengel, The Guardian

Tuesday 22 October 2013 14.45 EDT

Overall prediction

I learned my lesson last time after picking against St Louis in the past… Cardinals in seven games.

A Rematch Red All Over (Except the Green Monster)

By TYLER KEPNER, The New York Times

Published: October 22, 2013

THEY LOVE L.A. This World Series matchup very well would not have happened without the local cable contracts in Southern California. The Angels, flush with cash from a deal with Fox, showered $240 million on the Cardinals’ Albert Pujols after the 2011 season. The Cardinals chose Michael Wacha with their compensatory draft pick, and they parceled out the savings from Pujols’s rejection to re-sign Yadier Molina and Adam Wainwright and sign Carlos Beltran. Seeking stars for their new TV deal, the Dodgers bailed out the Red Sox in August 2012 by trading for Josh Beckett, Carl Crawford and Adrian Gonzalez, three stars with sinkhole contracts who had grown miserable in Boston. With more than $260 million off their books in one deal, the Red Sox reset their roster by signing seven free agents (Ryan Dempster, Stephen Drew, Jonny Gomes, Mike Napoli, David Ross, Koji Uehara and Shane Victorino) without committing more than $39 million to any of them.

RUNNING GAME Only three teams stole more bases than the Red Sox, who succeeded on 123 of 142 attempts in the regular season. They just kept running through the playoffs, swiping 11 bases in 13 attempts. But Yadier Molina is probably the best in the majors at shutting down the running game. Opponents attempted just three steals (two successfully) in the playoffs off Molina.

STYLISH BIRDS As they seek another World Series victory, the Cardinals have already claimed one crown this year: Uni Watch ranked their uniforms first among all teams in baseball, the N.F.L., the N.B.A. and the N.H.L. “M.L.B.’s best-looking team looks even better this season,” wrote Paul Lukas, “thanks to the addition of that great retro-style alternate jersey.” The Cardinals wear the alternate “St. Louis” jerseys on home Saturdays, which means they should wear them for Game 3. The best-dressed of all is the veteran reliever Randy Choate, who wears old-style striped stirrups to accentuate the Cardinals’ classic look.

Up Close, Fenway’s Green Monster Not So Green

By THE ASSOCIATED PRESS

Published: October 23, 2013 at 10:31 AM ET

Up close, Fenway Park’s famous left-field Wall is pocked with thousands of dents and white scuff marks left from decades of doubles that banged off of its facade. Some of the spots are so well-defined that you can even make out the red stitches from the baseball, the Rawlings logo or the Major League Baseball insignia left behind on the green background.

“All those dents out there, you can’t help but realize who put them there. That’s history,” Red Sox left fielder Jonny Gomes said Tuesday on workout day for the World Series. “I come to work every single day in a museum. It’s not a baseball field, it’s a museum.”

Fenway itself is 101 years old, but the 37-foot Wall was added in 1934, first painted green in 1947 and rebuilt in 1976, when it was covered in a hard plastic that is repainted before opening day every spring. Dubbed the Green Monster because, just 310 feet from home plate down the line, it’s a scary sight for pitchers, it runs from the left-field grandstands to the 379-foot mark in left-center.

And, every couple of inches, there is a ding or a streak from a ball that bounced off it. It could be a Red Sox batter or an opponent. Maybe it was in batting practice, or maybe in a game. Some were fly balls that would have been caught in another park, and others would have been home runs elsewhere turned into a Fenway single or double.

What impresses you most about Fenway is how small it is (some would say intimate, but let’s call a spade (♠) a card symbol that looks like a shovel if you turn it upside down).  Thus the ‘Green Monster’.  The other side is a street and without the height it’s just too damn easy to knock one out of the park.  The only intimidation is in your mind as a batter and as a fielder you get used to playing it like a jai-lai backstop.

The Great God Citgo looms over all and even by drunken triangulation with the Pru(dential Tower) gives you a rough idea if you’re puking above or below Kenmore Square or are even on the right side of the Charles.

Thanks for holding my hair.

And finally-

24-0 and Pitching in Japan’s World Series

By DAVID WALDSTEIN, The New York Times

Published: October 23, 2013

Unless the typhoon season disrupts the schedule of the Nippon Series, Masahiro Tanaka will take the ball for the Pacific League’s Tohoku Rakuten Golden Eagles in Game 1 Saturday night, looking to continue one of the most remarkable runs by a pitcher in professional baseball, and doing it in a region desperate for positive events in the years after a devastating earthquake and tsunami.

So far, nothing has been able to disrupt Tanaka, who finished the regular season 24-0 with a 1.27 earned run average and a save, then was 1-0 with a shutout and a save in the playoffs after Rakuten won its first Pacific League title. In the regular season he faced 822 batters and gave up only 6 home runs. Incredibly, his performance came in a season marked by a juiced ball controversy: Wladimir Balentien of the Tokyo Yakult Swallows hit 60 home runs to shatter Sadaharu Oh’s cherished record of 55 homers, set in 1964.



According to Jim Small, Major League Baseball’s vice president for Asia, the success of Japanese players in the United States, combined with the popularity in Japan of the World Baseball Classic, has brought a more open, international approach to their game, and Balentien, who is from Curaçao, was generally embraced for his feat.

“I think there was genuine excitement and happiness here (at least from Swallows fans) to see him break the record,” Small wrote in an e-mail message. “Japan has changed a lot in the last 10 years.”

Small, who has lived in Japan for 10 years, also said the success that Tanaka has brought to Rakuten is measured in more than just his unblemished record. Rakuten plays in Sendai, a city devastated by the 2011 earthquake and tsunami that damaged their stadium. The area has not recovered fully, but its underdog team, led by Tanaka, is looking to overthrow the popular and mighty Yomiuri Giants of the Central League in the Nippon Series.

“You have to put what he did in context because of what that team did,” Small said in the e-mail. “It was their first league title and has absolutely galvanized that region. Tens of thousands of people are still in shelters and more than 100,000 had to leave the area to find work elsewhere. It is a seriously depressed area. Tanaka and the Eagles have given people there so much to be happy about. It is truly amazing.”

“World” Series is kind of a misnomer.  I prefer ‘Major League Baseball Championship’ or ‘Fall Classic’.

The Matchups-

  • Wednesday 10/23 Game One: Jon Lester (15 – 8, 3.75 ERA L) vs Adam Wainwright (19 – 9, 2.94 ERA R)
  • Thursday 10/24 Game Two: John Lackey (10 – 13, 3.52 ERA R) vs Michael Wacha (4 – 1, 2.78 ERA R)
  • Saturday 10/26 Game Three: Joe Kelly (10 – 5, 2.69 ERA R) vs Clay Buchholz (12 – 1, 1.74 ERA R)
  • Sunday 10/27 Game Four: Lance Lynn (15 – 10, 3.97 ERA R) vs Jake Peavy (12 – 5, 4.17 ERA R)

Jon Lester is 2 – 1 in the post-season 16 hits and 5 runs in 16 and a 3rd innings pitched for an ERA of 2.33.  Adam Wainwright is also 2 – 1 with 17 hits and 4 runs in 23 innings pitched for an ERA of 1.57.  Advantage, St. Louis.

“Will I Be Next?”

Two recent reports on America’s drone wars reveal some very disturbing evidence that the use of drones is killing more civilians than the US wants to admit and that their use is a war crime. The report by Amnesty International (pdf) focused on the killing of Mamana Bibi, a 68 year old grandmother who was killed while picking vegetables in a field with her grandchildren in North Waziristan, Pakistan. A few minutes later a second strike injured family members trying to aid her. Amnesty International has stated that the drone strikes are unlawful amounting to war crimes or extrajudicial assassinations.

Based on rare access to North Waziristan, the region in Pakistan where most drone strikes have occurred, Amnesty International conducted detailed field research into nine drone strikes that occurred between January 2012 and August 2013 and which raise serious questions about violations of the right to life.

Among them is the October 2012 killing of 68-year old grandmother Mamana Bibi. She was killed in a double strike, apparently by a Hellfire missile, as she picked vegetables in the family’s fields and while surrounded by a handful of her grandchildren.

“We cannot find any justification for these killings,” said Mustafa Qadri, Amnesty International’s Pakistan Researcher. “There are genuine threats to the U.S. and its allies in the region, and drone strikes may be lawful in some circumstances. But it is hard to believe that a group of laborers, or a grandmother surrounded by her grandchildren, were endangering anyone at all, let alone posing an imminent threat to the United States.”

Amnesty International also documented cases of so-called “rescuer attacks” in which those who ran to the aid of the victims of an initial drone strike were themselves targeted in a follow-on attack. In a July 2012 case, 18 laborers, including 14-year-old Saleh Khan, were killed in multiple strikes on an impoverished village close to the border with Afghanistan as they were about to enjoy an evening meal at the end of a long day of work. Witnesses described a macabre scene of body parts and blood, panic and terror, as U.S. drones continued to hover overhead.

In addition to the threat of U.S. drone strikes, people in North Waziristan are frequently caught between attacks by armed groups and Pakistan’s armed forces. Al-Qa’ida-linked groups have killed dozens of local villagers they accused of being spies for U.S. drone strikes.

In the 97 page Human Rights Watch report (pdf), the focus was on drone strikes in Yemen between 2009 and 2013:

Two of the attacks killed civilians indiscriminately in clear violation of the laws of war; the others may have targeted people who were not legitimate military objectives or caused disproportionate civilian deaths.

“The US says it is taking all possible precautions during targeted killings, but it has unlawfully killed civilians and struck questionable military targets in Yemen,” said Letta Tayler, senior terrorism and counterterrorism researcher at Human Rights Watch and the author of the report. “Yemenis told us that these strikes make them fear the US as much as they fear Al-Qaeda in the Arabian Peninsula.”

As with the unfettered surveillance program, this must be brought out of the shadows and a full accounting of the hundreds of civilians killed. Those responsible for their deaths must be held accountable and brought to justice.

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 thea Pundits”.

Wednesday is Ladies’ Day.

Follow us on Twitter @StarsHollowGzt

Marcy Wheeler: After General Alexander, Obama should split the NSA to make us all safer

The NSA’s aggressive pursuit of Big Data has not only invaded our privacy, but also left us more vulnerable to cyber attack

The NSA is one of its own biggest adversaries in its fight to keep America safe from cyber attacks. To fight this considerable adversary, the president should use the replacement of NSA Director Keith Alexander and his deputy, John Inglis, as an opportunity to split off NSA’s defensive function and rebuild necessary trust.

Commentators have long recognized the NSA had two conflicting missions: one to defend key American networks, and one to collect intelligence on our adversaries. [..]

So long as the NSA prioritizes exploiting data that should be shared for the defense of the country, the agency will be one of America’s most formidable adversaries in the effort to keep the US safe from cyber attacks.

Moira Herbst: Obamacare website woes: another sign of out-of-control private contractors

The Obama team outsourced Healthcare.gov to big corporations that rang up large bills without delivering what they promised

Government outsourcing to private contractors has exploded in the past few decades. Taxpayers funnel hundreds of billions of dollars a year into the chosen companies’ pockets, about $80bn of which goes to tech companies. We’ve reached a stage of knee-jerk outsourcing of everything from intelligence and military work to burger flipping in federal building cafeterias, and it’s damaging in multiple levels. [..]

Fortunately, then, there are alternatives to outsourcing public functions to big corporations padding their profits at taxpayers’ collective expense, and it is time we used them.

Naureen Shah: Time for the truth about ‘targeted’ killings and US drones’ civilian victims

The Obama administration is like a reckless hit-and-run driver. Congress must not let John Brennan’s CIA get away with murder

It is time to demand that the US government, and President Obama in particular, tell the whole truth about the US drone program: not just the claimed successes, but the human costs of its failures. Especially over the last two years, journalists and human rights groups have gathered credible documentation of civilian deaths from drone strikes, suggesting that Mamana Bibi’s death is not an isolated incident. Amnesty International released a report Tuesday raising serious concerns about several recent drone strikes that appear to have killed civilians outside the bounds of the law.

The US government has never committed to investigating these cases. It has never even acknowledged responsibility for most of these strikes.

Laura Finley: In Solidarity with Indigenous Peoples

Last I heard, contracts negotiated between two consenting and capable parties are supposed to be binding, with repercussions if one party violates what has been agreed upon and codified into a legal document. That is, of course, unless it is the state entering into such agreements with indigenous peoples. Then these legal documents are little more than lip-service, or so it seems, based on the actions of the U.S., Canadian, and other governments who have and continued to trample the rights of indigenous peoples with impunity. Instead of being held accountable to the legally binding agreements they have signed, these governments continue to deprive indigenous peoples of their land, their livelihoods, and their cultures. Worse yet, they have the gall to point the finger at indigenous peoples and their allies who resist this continued destruction of their land and resources, calling them the criminals. [..]

Indigenous people and their supporters have not and will not be silent about these issues. Groups like Idle No More have organized, taken to the streets, and used traditional indigenous dance and culture as well as teach-ins and other nonviolent direct action to organize communities to speak out about the repressive policies. I was fortunate to hear from representatives from Idle No More recently and to participate in one of their rallies. To call it a humbling experience is an understatement.

Margaret Kimberly: Food Stamp Corporate Welfare

“Discussions about government spending are inherently bogus because the elephant in the room, big business, is absent.”

The federal and state governments operate under a system which is of the corporations, by the corporations, and for the corporations. Ordinary governmental functions which could easily be carried out with public money are instead privatized, depriving the public sector of revenue and jobs and making the neediest citizens unnecessarily dependent on the private sector. Governmental largesse on behalf of big business is focused primarily on poor people, the group most at the mercy of the system. Corporations collect child support payments and then imprison the poor people who can’t pay. While imprisoned, another corporation provides what passes for medical care. The crime is a perfect one.

When the Republicans demanded cuts to the Supplemental Nutrition Assistance Program (SNAP), better known as food stamps, the debate revolved around human need versus the call for fiscal austerity. Scarcely anyone mentioned that JPMorgan Chase, Xerox and eFunds Corporation make millions of dollars off of this system meant to help the poor.

Jill Richardson: Meat So Cheap You Could Die

Even under normal conditions, as the latest tainted chicken scare illustrates, we’re giving food safety short shrift.

Thanks to the shutdown, the government is doing less to protect Americans from foodborne pathogens and deal with the aftermath of outbreaks.

The timing couldn’t be worse.

Ten days after the shutdown began, the Centers for Disease Control (CDC) reported that 317 people in 20 states and Puerto Rico had confirmed cases of salmonella from Foster Farms chicken. Although 42 percent of them had to be hospitalized, thankfully none had died by that point.

The CDC had to bring 30 furloughed employees in its foodborne division back to work to cope with the Foster Farms situation. The Food and Drug Administration has furloughed the majority of its 1,602 investigators.

But even under normal conditions, as the latest tainted chicken scare illustrates, food safety gets short shrift.

On This Day In History October 23

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.

October 23 is the 296th day of the year (297th in leap years) in the Gregorian calendar. There are 69 days remaining until the end of the year.

On this day in 1921, in the French town of Chalons-sur-Marne, an American officer selects the body of the first “Unknown Soldier” to be honored among the approximately 77,000 United States servicemen killed on the Western Front during World War I.

According to the official records of the Army Graves Registration Service deposited in the U.S. National Archives in Washington, four bodies were transported to Chalons from the cemeteries of Aisne-Marne, Somme, Meuse-Argonne and Saint-Mihiel. All were great battlegrounds, and the latter two regions were the sites of two offensive operations in which American troops took a leading role in the decisive summer and fall of 1918. As the service records stated, the identity of the bodies was completely unknown: “The original records showing the internment of these bodies were searched and the four bodies selected represented the remains of soldiers of which there was absolutely no indication as to name, rank, organization or date of death.”

The four bodies arrived at the Hotel de Ville in Chalons-sur-Marne on October 23, 1921. At 10 o’clock the next morning, French and American officials entered a hall where the four caskets were displayed, each draped with an American flag. Sergeant Edward Younger, the man given the task of making the selection, carried a spray of white roses with which to mark the chosen casket. According to the official account, Younger “entered the chamber in which the bodies of the four Unknown Soldiers lay, circled the caskets three times, then silently placed the flowers on the third casket from the left. He faced the body, stood at attention and saluted.”

Bearing the inscription “An Unknown American who gave his life in the World War,” the chosen casket traveled to Paris and then to Le Havre, France, where it would board the cruiser Olympia for the voyage across the Atlantic. Once back in the United States, the Unknown Soldier was buried in Arlington National Cemetery, near Washington, D.C.

The World War I Unknown lay in state in the Capitol Rotunda from his arrival in the United States until Armistice Day, 1921. On November 11, 1921, President Warren G. Harding officiated at the interment ceremonies at the Memorial Amphitheater at Arlington National Cemetery. During the ceremony, the World War I Unknown was awarded the Victoria Cross by Admiral of the Fleet Lord Beatty, on behalf of King George V of the United Kingdom. (The Victoria Cross being the highest award for valour issued in the UK, on par with the Medal of Honor. Earlier, on March 4, 1921, the British Unknown Warrior was conferred the U.S. Medal of Honor by General of the Armies John Pershing.) In 1928, the Unknown Soldier was presented the Silver Buffalo Award for distinguished service to America’s youth by the Boy Scouts of America.

A Controversial Nobel?

There are those who are disappointed that Malala Yousafzai didn’t win this year’s Nobel Peace prize, particularly after her meeting with Barack Obama where she stated the obvious truth that unrestricted and unjustified by international law drone strikes by the United States on innocents, especially women, children, and ‘double tap’ strikes on first responders, is increasing, not decreasing anti-U.S. sentiment and terrorist activity.

It’s a sad commentary that a 16 year old has a better grasp of the facts than our political leadership, especially including Obama and the ‘best and brightest’ senior members of his Administration and the institutional Democratic Party.

And certainly her personal story and the sacrifices she has made to educate women in a culture where they are mostly viewed as the chattel slaves of men is compelling.

On the other hand the Organization for the Prohibition of Chemical Weapons did as much as anyone outside the official United Nations mission and the British House of Commons to thwart the growing D.C. Beltway conventional wisdom consensus to expand a disastrous civil war in Syria with misguided at best intervention by the Great Powers of Britain, France, and the United States that would surely have resulted in humanitarian catastrophe for the Syrian population (but who gives a damn about brown people anyway) and quite possibly ignominious defeat (Iraq was such a success and arming Al-Queda and Taliban mujahideen with MPADS is so clearly a good idea) or a wider Mideast (hear that Saudis?) or perhaps even global thermonuclear war (the Russians and Chinese don’t play tiddly winks).

At 120+ I’m old enough to remember what it’s like to live in the over pressure confluence of New York and Boston and the casualties make 9-11 look like a bathroom slip and fall (which incidently do kill more people every year than all terrorist incidents since and including the attack on the World Trade Center).

We have the sense of proportion of a Fairy Cake.  I’m so (not) sorry you couldn’t get your next war on you NeoCon Nazis.

“I have found a flaw.”

Alan Greenspan is the most thoroughly discredited economist in the world.

Humans Can Be Irrational, and Other Economic Insights

By BINYAMIN APPELBAUM, The New York Times

Published: October 20, 2013

Accounts of the financial crisis, in particular, have assumed the character of Mr. Potato Head kits. There is a box of standard explanations, and each writer picks the ones he finds most appealing. Mr. Greenspan’s Potato Head is made up of predictable parts: He blames the government for encouraging subprime lending but absolves the Federal Reserve’s policy of low interest rates.



In this new book, Mr. Greenspan writes that the crisis could have been entirely prevented by stricter capital standards, which would have limited the unstable reliance of financial institutions on borrowed money. But he does not explain that under his leadership, the Fed played the lead role in creating rules that let banks set their own capital levels, with predictable results.

“The marked increase in risk taking of a decade ago could have been guarded against wholly by increased capital,” he writes. “Regrettably, that did not occur, and the accompanying dangers were not fully appreciated, even in the commercial banking sector.”

The most provocative part of the book is Mr. Greenspan’s assertion that government spending on Social Security, Medicare and other entitlement programs is the reason that the American economy has grown more slowly in recent decades. He writes that taxation of upper-income households is reducing their ability to invest in new ideas and new machines and new buildings. Less investment yields less innovation, slower growth in productivity and less economic growth.



Yet it is not obvious that the American economy has been suffering from a lack of financing. While Americans saved less, the rest of the world was only too happy to shovel money into the United States. Mr. Greenspan in this same book subscribes to the view that the housing crash was caused in part by an overabundance of foreign investment in the American economy.

Furthermore, taxation cannot be the reason Americans are saving less. The New York Times reported last year that most Americans in 2010 paid a smaller share of income in taxes than households with the same inflation-adjusted incomes paid in 1980. Mr. Greenspan notes that the wealthy are paying more in taxes – but that is only true because they are making more money. Households earning more than $200,000 saw the largest decline in taxation as a share of income.

It’s also worth noting that productivity and growth have sagged most dramatically since President George W. Bush cut taxes in 2001.

More of ‘God’s Work’

Suit Revives Goldman Conflict Issue

By SUSANNE CRAIG and JESSICA SILVER-GREENBERG, The New York Times

October 10, 2013, 2:43 pm

At a March 2012 meeting, a group of examiners at the Federal Reserve Bank of New York agreed that Goldman Sachs had inadequate procedures to guard against conflicts of interest – guidelines aimed at stopping firms from putting their pursuit of profit ahead of their clients’ best interests.

The examiners voted to downgrade a confidential rating assigned by the New York Fed that could have spurred costly enforcement actions and other regulatory penalties. It is not known whether the vote in fact led to a rating change. The former examiner who pushed for a downgrade, Carmen M. Segarra, now contends in a lawsuit filed on Thursday that just weeks after the vote, her superiors asked her to change her findings on Goldman and fired her after she refused.



After Ms. Segarra joined the New York Fed, she said she examined several potentially controversial Goldman deals. For instance, in 2012 Goldman advised El Paso, an energy company, on its decision to sell itself to Kinder Morgan. Goldman owned a big stake in Kinder Morgan, which angered a number of El Paso shareholders, who argued this gave Goldman an incentive to undervalue El Paso. Goldman maintained that it had properly managed the conflicts but was later admonished by a judge, who noted the “disturbing behavior” that led to the deal.

As the deal was coming together, the lawsuit said, Ms. Segarra urged Goldman to provide her with its firmwide conflict-of-interest policy. But Goldman, the lawsuit said, told her that it had no such policy.



Such concerns, the lawsuit said, prompted Ms. Segarra to raise the issue with Mr. Silva, her boss, in a meeting in early December 2011. He seemed to agree. Mr. Silva “expressed concern that Goldman would suffer significant financial harm if consumers and clients learned the extent of Goldman’s noncompliance with the rules on conflict of interest,” according to the lawsuit.

Soon, though, Ms. Segarra was looking at another deal, involving Banco Santander, the largest bank in Spain, and Qatar Holding. As part of her review, Ms. Segarra asked Goldman to provide documentation that it had performed an anti-money-laundering analysis.

According to the lawsuit, Goldman executives told Ms. Segarra that it had done the analysis, but the bank later backpedaled, admitting that no such work had been performed.

Ms. Segarra took her concerns about the transaction to her bosses, who confronted Goldman. She contends that Michael S. Koh, another senior staff member at the New York Fed and a defendant in the lawsuit, told her that Goldman admitted to the misconduct but then he dismissed her concerns. Further efforts to raise the issue were also stymied and her bosses prohibited her from asking Goldman more questions about the deal – a decision that prevented her from finishing her report.



In March 2012, Ms. Segarra got her chance to voice her concerns to the New York Fed’s legal and compliance risk team. At the meeting, the group, roughly 20 people, agreed that the issues with Goldman’s conflict-of-interest procedures warranted a warning, known-as a “matter requiring attention,” or M.R.A., according to the lawsuit. As a result, the team approved a downgrade of Goldman’s annual rating from a 2, indicating satisfactory to a 3, indicating fair, according to a confidential document reviewed by The Times. The rating involving policies and procedures is one of several measurements that make up Goldman’s overall score, which is confidential.

NSA Busted for Spying on Other Countries For Profit

The revelation that the NSA was using its hoovering of data from other countries broke in August with the Der Spiegel report that the NSA had bugged the UN Headquarters in New York City, as well as,  European Union and the International Atomic Energy Agency (IAEA). In early September, a week before the UN General Assembly meeting in NYC, Brazil’s president, Dilma Rousseff, cancelled her visit in Washington with President Barack Obama over the NSA’s spying on her, her inner circle of top aides and Brazil’s largest company, the oil giant Petrobras.

Now, this week its Mexico and France and its not about keeping us safe, its about industrial espionage:

In France, grabbed the data of over 70,000 phone calls:

Le Monde said the documents gave grounds to think the NSA targeted not only people suspected of being involved in terrorism but also high-profile individuals from the world of business or politics. [..]

French Prime Minister Jean-Marc Ayrault [said]  “I am deeply shocked…. It’s incredible that an allied country like the United States at this point goes as far as spying on private communications that have no strategic justification, no justification on the basis of national defence,” he told journalists in Copenhagen.

Mexico:

   The NSA has been systematically eavesdropping on the Mexican government for years. [..]

   In the space of a single year, according to the internal documents, this operation produced 260 classified reports that allowed US politicians to conduct successful talks on political issues and to plan international investments.

As has been revealed this summer, the NSA was recently revealed to have been spying on Brazil’s largest oil company. We now know they were also spying on the biggest financial payments systems such as VISA and Swift and on the on Chinese technology company Huawei.

One of the slides leaked by Edward Snowden from from a 2012 NSA presentation explained “economic” was one of the main justifications for spying.

The NSA would also like to keep better tabs on Wall Street under the guise of protecting it:

Drawing an analogy to how the military detects an incoming missile with radar and other sensors, (General Keith) Alexander imagined the NSA being able to spot “a cyberpacket that’s about to destroy Wall Street.” In an ideal world, he said, the agency would be getting real-time information from the banks themselves, as well as from the NSA’s traditional channels of intelligence, and have the power to take action before a cyberattack caused major damage.

Wall Street saw through Alexander’s “collect it all” ploy and quickly labeled it “wild:”

His proposed solution: Private companies should give the government access to their networks so it could screen out the harmful software. The NSA chief was offering to serve as an all-knowing virus-protection service, but at the cost, industry officials felt, of an unprecedented intrusion into the financial institutions’ databases.

The group of financial industry officials, sitting around a table at the Office of the Director of National Intelligence, were stunned, immediately grasping the privacy implications of what Alexander was politely but urgently suggesting. As a group, they demurred.

“He’s an impressive person,” the participant said, recalling the group’s collective reaction to Alexander. “You feel very comfortable with him. He instills a high degree of trust.”

But he was proposing something they thought was high-risk.

“Folks in the room looked at each other like, ‘Wow. That’s kind of wild.’ ”

DSWRight at FDL News Desk duly notes that the US government has been doing what it has prosecuted others for doing under  the Computer Fraud and Abuse Act (CFAA), the same law that was used to harass Aaron Swartz:

The hypocrisy is epic and disgusting. The NSA has disgraced and embarrassed the American people at home and abroad.

The rampant criminality and antisocial behavior of America’s intelligence community has not only diminished American rule of law at home, but is leading to increasing friction internationally with our allies. It is well past time for us to reexamine the power of the NSA and friends.

It is well past time the NSA was stopped before it shreds what remains of US credibility in the international and business community

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 thea Pundits”.

Follow us on Twitter @StarsHollowGzt

"More Paint, Sir" Banksy photo c23cf506_o_zps8c8f3ab0.pngChris Hedges: Let’s Get This Class War Started

“The rich are different from us,” F. Scott Fitzgerald is said to have remarked to Ernest Hemingway, to which Hemingway allegedly replied, “Yes, they have more money.”

The exchange, although it never actually took place, sums up a wisdom Fitzgerald had that eluded Hemingway. The rich are different. The cocoon of wealth and privilege permits the rich to turn those around them into compliant workers, hangers-on, servants, flatterers and sycophants. Wealth breeds, as Fitzgerald illustrated in “The Great Gatsby” and his short story “The Rich Boy,” a class of people for whom human beings are disposable commodities. Colleagues, associates, employees, kitchen staff, servants, gardeners, tutors, personal trainers, even friends and family, bend to the whims of the wealthy or disappear. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable. [..]

“There are only two or three human stories,” Willa Cather wrote, “and they go on repeating themselves as fiercely as if they had never happened before.”

The seesaw of history has thrust the oligarchs once again into the sky. We sit humiliated and broken on the ground. It is an old battle. It has been fought over and over in human history. We never seem to learn. It is time to grab our pitchforks.

Graphic by Banksey

Richard (RJ) Eskow: The Road from Here: What About Medicare and Social Security?

As the Bob Dylan song says: “Things should start to get interesting right about now.” You may think they’re already interesting – what with government closings, threats of a debt default, and extremist rhetoric under the Capitol Dome – but chances are we ain’t seen nothin’ yet.

In twelve weeks or so our new system of government-by-crisis will resume its regularly scheduled programming: more threats, more confrontations, and even more extreme rhetoric.

There are only a few ways this could play out, and most of them involve cuts to Medicare and Social Security. The ones which don’t probably involve either A) catastrophic gridlock or B) a mobilized citizenry.

Your personal level of optimism probably correlates closely to whether you think A or B is more likely.

Walter Pincus: Fineprint: A new approach for Israel?

It’s time for Israel to stop making military threats and to propose an imaginative diplomatic move – risky as it may seem – to help ease nuclear tensions in the Middle East.

It can start by acknowledging its own nuclear weapons program.

It has accused Iran of seeking the capability to produce nuclear weapons, when for years Israel has been believed to possess hundreds of nuclear bombs and missiles, along with multiple delivery systems. It continues to insist it doesn’t have them.

Israeli Prime Minister Benjamin Netanyahu and other Israeli leaders continue to accuse Tehran of deceit in describing its nuclear program as peaceful.

Perhaps Netanyahu sees Iran following the path Israel took 50 years ago when it’s known that his country joined the relatively small nuclear weapons club.

Dylan Ratigan: Forming the Renaissance Preparation Committee

As we suffer in a paradigm where those who nominate dictate, our election finance system (juiced by less than one half of one percent of all Americans dispersing funds from a flawed banking system based on a monkey-wrenched housing and tax code) sprouts rotten fruit such as closed primaries and defective districting that perpetuate what I have longed defined by three nasty syllables — extraction.

With all due respect to the reform-minded types, we need to come to grips with the fact that we are not fixing an old engine. We are preparing for a renaissance, and our metaphors should reflect this reality in order to guide our actions.

How do we look past the debate on debt and taxes to focus on distributed electoral finance, open primaries and banking and tax reform?

Or, to crib a little Thoreau, how do we hack at the roots instead of the branches of our illness?

Bill Moyers and Michael Winship: Yes, Virginia, There Is a Santa Claus — Campaign Cash

If you want to see how grossly money can distort democracy, just go to the state of Virginia, where there are no limits on how big a check can be written for statewide office. Groups and individuals from outside the Old Dominion are taking full advantage, pouring millions into a governor’s race they see as a dry run for the tactics they’ll use in the 2014 midterms and the 2016 presidential race — sort of the way the Spanish civil war turned out to be a testing ground for many of the deadly weapons of World War II.

Billionaires like environmentalist Tom Steyer on the left and the Koch Brothers on the right are placing their bets, but as they say at the track, the horses they’re backing are just a couple of hay burners. Once the home of Washington and Jefferson, James Madison and Patrick Henry, Virginia now has a choice between two mediocrities slavishly devoted to their wealthy contributors.

William Astore: ‘Shock Doctrine’ Americana: Endless War as the Ultimate Business Model

Disaster Capitalism on the battlefield and in the boardroom

There is a new normal in America: our government may shut down, but our wars continue.  Congress may not be able to pass a budget, but the U.S. military can still launch commando raids in Libya and Somalia, the Afghan War can still be prosecuted, Italy can be garrisoned by American troops (putting the “empire” back in Rome), Africa can be used as an imperial playground (as in the late nineteenth century “scramble for Africa,” but with the U.S. and China doing the scrambling this time around), and the military-industrial complex can still dominate the world’s arms trade.

In the halls of Congress and the Pentagon, it’s business as usual, if your definition of “business” is the power and profits you get from constantly preparing for and prosecuting wars around the world.  “War is a racket,” General Smedley Butler famously declared in 1935, and even now it’s hard to disagree with a man who had two Congressional Medals of Honor to his credit and was intimately familiar with American imperialism.

 

On This Day In History October 22

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.

October 22 is the 295th day of the year (296th in leap years) in the Gregorian calendar. There are 70 days remaining until the end of the year.

On this day in 1975,Air Force Sergeant Leonard Matlovich, a decorated veteran of the Vietnam War, is given a “general” discharge by the air force after publicly declaring his homosexuality. Matlovich, who appeared in his air force uniform on the cover of Time magazine above the headline “I AM A HOMOSEXUAL,” was challenging the ban against homosexuals in the U.S. military. In 1979, after winning a much-publicized case against the air force, his discharge was upgraded to “honorable.”

Technical Sergeant Leonard Matlovich (1943 – June 22, 1988) was a Vietnam War veteran, race relations instructor, and recipient of the Purple Heart and the Bronze Star.

Matlovich was the first gay service member to fight the ban on gays in the military, and perhaps the best-known gay man in America in the 1970s next to Harvey Milk. His fight to stay in the United States Air Force after coming out of the closet became a cause celebre around which the gay community rallied. His case resulted in articles in newspapers and magazines throughout the country, numerous television interviews, and a television movie on NBC. His photograph appeared on the cover of the September 8, 1975, issue of Time magazine, making him a symbol for thousands of gay and lesbian servicemembers and gay people generally. In October 2006, Matlovich was honored by LGBT History Month as a leader in the history of the LGBT community.

Born in Savannah, Georgia, he was the only son of a career Air Force sergeant. He spent his childhood living on military bases, primarily throughout the southern United States. Matlovich and his sister were raised in the Roman Catholic Church. He considered himself a “flag-waving patriot,” but always regretted that for several years he maintained the racist attitudes he’d been exposed to as a child of the South. Not long after he enlisted, the United States increased military action in Vietnam, about ten years after the French had abandoned active colonial rule there. Matlovich volunteered for service in Vietnam and served three tours of duty. He was seriously wounded when he stepped on a land mine in DA Nang.

While stationed in Florida near Fort Walton Beach, he began frequenting gay bars in nearby Pensacola. “I met a bank president, a gas station attendant – they were all homosexual,” Matlovich commented in a later interview. When he was 30, he slept with another man for the first time. He “came out” to his friends, but continued to conceal the fact from his commanding officer. Having realized that the racism he’d grown up around was wrong, he volunteered to teach Air Force Race Relations classes, which had been created after several racial incidents in the military in the late 1960s and early 1970s. He became so successful that the Air Force sent him around the country to coach other instructors. Matlovich gradually came to believe that the discrimination faced by gays was similar to that faced by African Americans.

In 1973, previously unaware of the organized gay movement, he read an interview in the Air Force Times with gay activist Frank Kameny who had counseled several gays in the military over the years. He called Kameny in Washington DC and learned that Kameny had long been looking for a gay service member with a perfect record to create a test case to challenge the military’s ban on gays. About a year later, he called Kameny again, telling him that he might be the person. After several months of discussion with Kameny and ACLU attorney David Addlestone during which they formulated a plan, he hand-delivered a letter to his Langley AFB commanding officer on March 6, 1975. When his commander asked, “What does this mean?” Matlovich replied, “It means Brown versus the Board of Education” – a reference to the 1954 landmark Supreme Court case outlawing racial segregation in public schools. For Matlovich, his test of the military’s ban on homosexuals would be equivalent to that case. . .

From the moment his case was revealed to the public, he was repeatedly called upon by gay groups to help them with fund raising and advocating against anti-gay discrimination, helping lead campaigns against Anita Bryant’s effort in Miami, Florida, to overturn a gay nondiscrimination ordinance and John Briggs’ attempt to ban gay teachers in California. Sometimes he was criticized by individuals more to the left than he had become. “I think many gays are forced into liberal camps only because that’s where they can find the kind of support they need to function in society” Matlovich once noted.

With the outbreak of HIV/AIDS in the U.S. in the late 1970s, Leonard’s personal life was caught up in the virus’ hysteria that peaked in the 1980s. He sold his Guerneville restaurant in 1984, moving to Europe for a few months. He returned briefly to Washington, D.C., in 1985 and, then, to San Francisco where he sold Ford cars and once again became heavily involved in gay rights causes and the fight for adequate HIV-AIDS education and treatment.

During the summer of 1986, Matlovich felt fatigued, then contracted a prolonged chest cold he seemed unable to shake. When he finally saw a physician in September of that year, he was diagnosed with HIV/AIDS. Too weak to continue his work at the Ford dealership, he was among the first to receive AZT treatments, but his prognosis was not encouraging. He went on disability and became a champion for HIV/AIDS research for the disease which was claiming tens of thousands of lives in the Bay Area and nationally. He announced on Good Morning America in 1987 that he had contracted HIV, and was arrested with other demonstrators in front of the White House that June protesting what they believed was an inadequate response to HIV-AIDS by the administration of President Ronald Reagan.

On June 22, 1988, less than a month before his 45th birthday, Matlovich died of complications from HIV/AIDS beneath a large photo of Martin Luther King, Jr. His tombstone, meant to be a memorial to all gay veterans, does not bear his name. It reads, “When I was in the military, they gave me a medal for killing two men and a discharge for loving one.” Matlovich’s tombstone at Congressional Cemetery is on the same row as that of FBI Director J. Edgar Hoover.

A Website has been created in his honor and that of other gay veterans, and includes a history of the ban on gays in the military both before and after its transformation into Don’t Ask, Don’t Tell, and illustrates the role that gay veterans fighting the ban played in the earliest development of the gay rights movement in the United States.

DADT was officially ended on September 20, 2011. We still have a long way to go with equal right for our gay and transsexual brothers and sisters.

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