November 2013 archive

On This Day In History November 6

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.

November 6 is the 310th day of the year (311th in leap years) in the Gregorian calendar. There are 55 days remaining until the end of the year.

On this day in 1860, Abraham Lincoln is elected the 16th President of the United States over a deeply divided Democratic Party, becoming the first Republican to win the presidency. Lincoln received only 40 percent of the popular vote but handily defeated the three other candidates: Southern Democrat John C. Breckinridge, Constitutional Union candidate John Bell, and Northern Democrat Stephen Douglas, a U.S. senator for Illinois.

Lincoln received 1,866,452 votes, Douglas 1,376,957 votes, Breckinridge 849,781 votes, and Bell 588,789 votes. The electoral vote was decisive: Lincoln had 180 and his opponents added together had only 123. Turnout was 82.2%, with Lincoln winning the free Northern states. Douglas won Missouri, and split New Jersey with Lincoln. Bell won Virginia, Tennessee, and Kentucky, and Breckinridge won the rest of the South. There were fusion tickets in which all of Lincoln’s opponents combined to form one ticket in New York, New Jersey, and Rhode Island, but even if the anti-Lincoln vote had been combined in every state, Lincoln still would have won a majority in the electoral college.

As Lincoln’s election became evident, secessionists made clear their intent to leave the Union. On December 20, 1860, South Carolina took the lead; by February 1, 1861, Florida, Mississippi, Alabama, Georgia, Louisiana, and Texas followed. The seven states soon declared themselves to be a sovereign nation, the Confederate States of America. The upper South (Delaware, Maryland, Virginia, North Carolina, Tennessee, Kentucky, Missouri, and Arkansas) listened to, but initially rejected, the secessionist appeal. President Buchanan and President-elect Lincoln refused to recognize the Confederacy. There were attempts at compromise, such as the Crittenden Compromise, which would have extended the Missouri Compromise line of 1820, and which some Republicans even supported. Lincoln rejected the idea, saying, “I will suffer death before I consent…to any concession or compromise which looks like buying the privilege to take possession of this government to which we have a constitutional right.”

Lincoln, however, did support the Corwin Amendment to the Constitution, which had passed in Congress and protected slavery in those states where it already existed. A few weeks before the war, he went so far as to pen a letter to every governor asking for their support in ratifying the Corwin Amendment as a means to avoid secession.

Pond Scum and Dog Poop

So where was that Terry McAuliffe “Mandate” the Centerist NeoLiberal Third Way Blue Dog DLC DNC Villager 1%ers were promising?

Oh, it was an Invisible Inflation Confidence Fairy.

By every objective measure these people are failures.  Non-performers unable to deliver the results they promise.

Liars and Confidence Men.  Thieves and Grifters.

And they think you mere marks and rubes.  You gonna take that?

Evidently not.  Otherwise it would actually have been a mandate.

Organlegging

Organlegging is the name of a fictional crime in the Known Space universe created by Larry Niven. It is the illicit trade of black market human organs for transplant. The term organlegging is a portmanteau combining the words “organ” and “bootlegging”, literally the piracy and smuggling of organs.

The crime developed as a response to the Organ Bank Problem, a concept featured prominently in the early Known Space stories, particularly those set in the 21st and 22nd century.



In Niven’s universe, it was possible to transplant nearly any organ in the body (and prevent rejection) by the mid 21st century. Since any organ could now be replaced, in theory one could use the organ banks to extend life indefinitely. To maintain communal organ banks, one needs donors (i.e. dead people). When the death rate is reduced (via the organ banks), the number of donors decreases. Thus, the supply of organs would continually reduce.

Compounding this problem, the high success rate of organ transplants tended to discourage research into other viable medical treatments. As a result, medical research was stagnated to a large extent, focusing primarily on improving transplants and little else. Repairing a failing organ (which could presumably fail again later) was considered secondary to the “complete” solution of replacing the failing organ.

An example in the Known Space universe was that anyone who wore eyeglasses was considered a reasonable candidate for an eye transplant (one or both); whereas in the real world, today’s nearsighted population can solve the problem (temporarily) by wearing corrective lenses or (more permanently) by undergoing laser surgery.

On Earth, the problem led to a repressive society almost unrecognizable by today’s standards. Since the average citizens wished to extend their lives, the world government sought to increase the supply by using condemned criminals to supply the organ banks. When this failed to meet the demand, citizens would vote for the death penalty for more and more trivial crimes. First violent crimes, then theft, tax evasion, false advertising, and even traffic violations became punishable by the organ banks. This failed to solve the problem, as once the death penalty was passed for a crime, people stopped committing it. This resulted in nearly every crime meriting the death penalty. Further attempts to alleviate the problem by declaring certain groups of cryogenically frozen people to be dead in law (the so-called “Freezer Bills”) and harvesting their organs also proved to be unsuccessful. The freezer vaults represented a finite supply and therefore were eventually exhausted.

NSA: “Electronic Omnivore”

“Yes, I believe it is in the nation’s best interest to put all the phone records into a lockbox that we could search.”

   –Keith B. Alexander, September 2013

Inside the “Electronic Omnivore”: New Leaks Show NSA Spying on U.N., Climate Summit, Text Messaging

The New York Times has revealed new details about how the National Security Agency is spying on targets ranging from the United Nations to foreign governments to global text messages. We are joined by New York Times reporter Scott Shane, who reports that the NSA has emerged “as an electronic omnivore of staggering capabilities, eavesdropping and hacking its way around the world to strip governments and other targets of their secrets, all the while enforcing the utmost secrecy about its own operations.” The Times article reveals how the NSA intercepted the talking points of U.N. Secretary-General Ban Ki-moon ahead of a meeting with President Obama in April and mounted a major eavesdropping effort focused on the United Nations Climate Change Conference in Bali in 2007. The Times also reveals the existence of an NSA database called Dishfire that “stores years of text messages from around the world, just in case.” Another NSA program called Tracfin “accumulates gigabytes of credit card purchases.”



Transcript can be read here

As U.S. Weighs Spying Changes, Officials Say Data Sweeps Must Continue

by David E. Sanger, The New York Times

The Obama administration has told allies and lawmakers it is considering reining in a variety of National Security Agency practices overseas, including holding White House reviews of the world leaders the agency is monitoring, forging a new accord with Germany for a closer intelligence relationship and minimizing collection on some foreigners.

But for now, President Obama and his top advisers have concluded that there is no workable alternative to the bulk collection of huge quantities of “metadata,” including records of all telephone calls made inside the United States.

Instead, the administration has hinted it may hold that information for only three years instead of five while it seeks new technologies that would permit it to search the records of telephone and Internet companies, rather than collect the data in bulk in government computers. Gen. Keith B. Alexander, the director of the N.S.A., has told industry officials that developing the new technology would take at least three years.

NSA official cites ‘stop and frisk’ in effort to explain searches of phone records

by Ali Watkins, McClatchy Washington Bureau

The general counsel of the National Security Agency on Monday compared the agency’s telephone metadata collection program to the highly controversial “stop-and-frisk” practice used by law enforcement officers, saying the agency uses that same standard to choose which phone numbers to query in its database.

“It’s effectively the same standard as stop-and-frisk,” Rajesh De said in an attempt to explain the evidentiary use of “reasonable and articulable suspicion” to identify which phone numbers to target from the agency’s huge database of stored cellphone records.

De made the comment during a rare hearing of an obscure government body, the Privacy and Civil Liberties Oversight Board, which Congress created in 2004 to oversee the government’s expanded intelligence collection operations but which until Monday had never held a substantive hearing. [..]

The comparison was the latest in questionable analogies that intelligence officials have used in an effort to explain the agency’s metadata collection programs since former defense contractor Edward Snowden revealed their existence in June.

Intelligence officials, for example, have said repeatedly that the collection of hundreds of millions of phone records allows them to build a haystack in which to find a needle, apparently missing the irony that “finding a needle in a haystack” is an expression meant to convey that a task is all but impossible.

NSA’s Path to Totalitarianism

by Norman Pollack, Counterpunch

The New York Times, a recipient, along with the Guardian, of Snowden’s disclosures about the illegal activities of Obama and USG, is breaking out, as now, of its reticence about the nation’s profound disregard of constitutional principles AND its related policies of global hegemony at all costs-here Scott Shane’s lengthy article (3 Nov.), “No Morsel Too Miniscule for All-Consuming N.S.A.”  NSA to all intents and purposes appears as a “rogue” organization, extremism in the putative service of liberty, except that the designation is a way of distracting attention, and removing accountability, from its authorization and mission at the highest levels-call it, licensed roguery, official (with Obama’s eyes supposedly averted).  Or better, call it, stripped of all cosmetics, the unerring mark of a Police State, itself become identical  with Fortress America, the National-Security State.

Eavesdropping on foreign leaders speaks to an arrogance of power, in which the US claims for itself every right, unilaterally, to script both sides of the foreign dialogue as well as micromanage to its own advantage the rhythm and content of global events, from regional trade partnerships to the use of military force in shoring up alliance systems against a host of enemies, some terrorist groups to be sure, but, using that as pretext, mounting counterrevolution globally against alternative modes, notably, socialist, of modernization: autonomous national and/or radical aspirations seeking distance from US market penetration, the tarnished necklace of its worldwide military bases and CIA stations, and not least, the ideological saturation (assisted by IMF and World Bank applications of pressure) of market fundamentalism, the property right, unrestricted capital flows, and the honor of serving American industry with the lowest possible labor costs, as meanwhile we see the financialization of capitalism here and the gutting of the manufacturing base.

Eavesdropping, of course, is the polite term for control freak, which translates, in the realm of power politics, into societal desperation to employ any and all means for staying on top, cyber-strategies of disruption as well as information-gathering, campaigns of disinformation, CIA-JSOC paramilitary programs of regime change, and, upping the ante, as here, learning every move in advance of foreign leaders, the better-take no chances, take no prisoners-to orchestrate world politics in our favor.

2013 Election Night Open Thread

  • New Jersey Governor
  • Virginia Governor
  • New York City Mayor

Likely to be an early night.

More (but not much more) to come.

* * * * *

Vonnegut called them cat’s asses.

So your little more.  I do occasionally find something of interest at the Great Orange Satan and living in Stars Hollow as I do I found this little piece about a local election (in the biggest City in the State thank you) amusing-

Who Cares About VA, NJ, or NYC Elections? The Real Action is the Bridgeport, CT School Board!

by LunkHead @ Daily Kos

Tue Nov 05, 2013 at 09:28 AM PST

New Jersey and New York City are foregone conclusions.

Virginia is a contest that is really about the GOP’s voter suppression efforts.

Bridgeport is about whether or not we can protect our children from the looters in the educational industrial complex.

You see, the pro-privatization slate for the school board was defeated in the Democratic Primary by the Connecticut Working Families Party candidates, and so in the general election will be face Republicans, who are being tacitly, and in some cases explicitly, supported by the Democratic Party establishment (including governor Malloy).

I certainly try to vote WFP at every opportunity, they didn’t field or cross-endorse any candidates in Stars Hollow so I wasn’t able to this year.  Our local Democrats are at least pro-zoning and the environment however misguided they are about some other issues so I generally vote a straight ticket.  That and I know many of the Republicans personally and they’re straight up assholes the lot.  Those SAT fill in the dot ballots are a heck of a lot less convenient than the old mechanical voting booths, but you can put up a whole lot of stations for not much money.  They’ve also cut back on polling stations which I think sucks so I signed a petition to change that back.

They ran out of stickers so I can’t prove I voted, but it’s ok I have a lot left over from previous elections.

Your thoughts below.

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

Dean Baker: The Weak Economy and Deficit Reduction: Deniers and Terrorists

The folks making economic policy in Washington are getting ever more resistant to evidence. As we approach the sixth anniversary of the downturn with no end in sight, the nation has been treated to the perverse spectacle of our Treasury Secretary celebrating the sharp drop in the deficit.

This is a bit like celebrating a sunny day in a region suffering from drought. In an economy that is suffering from lack of demand, as is the case in the United States today, smaller deficits are bad news. They mean less demand, slower growth, and fewer jobs.

This is not a complex point. Ever since the collapse of the housing bubble, the U.S. economy has suffered from inadequate demand. The inflated house prices of the bubble era led to a building boom. They also fueled a consumption boom, as people spent based on the $8 trillion in bubble generated housing equity. The bubble generated demand disappeared when the bubble burst leaving a gap in annual demand of more than $1 trillion a year.

The large deficits the government has run since the downturn began helped to fill part of this gap. Smaller deficits mean the government is filling less of the gap. That shouldn’t be hard to understand.

Gary Younge: US Republicans make the poor pay to balance the budget

The impetus to cut food stamps is ideological not fiscal, and low-wages mean work provides no guarantee against hunger

During a discussion at the University of Michigan in 2010, the billionaire vice-chairman of Warren Buffett’s Berkshire Hathaway firm, Charles Munger, was asked whether the government should have bailed out homeowners rather than banks. “You’ve got it exactly wrong,” he said. “There’s danger in just shovelling out money to people who say, ‘My life is a little harder than it used to be.’ At a certain place you’ve got to say to the people, ‘Suck it in and cope, buddy. Suck it in and cope.'” [..]

Immediately after Obama’s election in 2008, his chief of staff to be, Rahm Emanuel, said: “You never let a serious crisis go to waste. And what I mean by that is it’s an opportunity to do things you think you could not do before.” The crisis didn’t go to waste. But it is the right that has seized the opportunity. Not content with balancing the budget on the bellies of the hungry, it is also fattening the coffers of the wealthy on the backs of the poor.

Richard Wolff: The Great Austerity Shell Game: Here’s How the Capitalist Scam Works

Let government borrow for crisis bailouts, then insist cuts pay for them. Guess who loses.

Center-right governments in Britain and Germany do it. So do the center-left governments in France and Italy. Obama and the Republicans do it, too. They all impose “austerity” programs on their economies as necessary to exit the crisis afflicting them all since 2007. Politicians and economists impose austerity now much as doctors once stuck mustard plasters on the skins of the sick.

Austerity policies presume that the chief economic problems today are government budget deficits that increase national debts. Austerity policies solve those problems mainly by cutting government spending, and secondarily, by limited tax increases. Reducing expenditures while raising revenues does cut governments’ deficits and their needs to borrow.

Richard (RJ) Eskow: Hooray for Taxes

Joshua Holland of BillMoyers.com  offers an important counterpoint to today’s slanted political dialogue with his new essay on “the high cost of low taxes.” This hidden cost needs to become the center of our public debate. Washington’s obsession with tax cuts and deficit reduction is distracting the American people from the slow dismantling of the social contract, and its devastating impact — financial and otherwise — on all but the wealthiest among us.

Our political discourse focuses far too much on the cost of taxation, while all but ignoring its benefits. Journalists and politicians rarely discuss the direct or indirect costs Americans often encounter when forced to rely on the private sector for services which might be more efficiently provided through government.

Michael Cohen: The TSA shootings at LAX highlight America’s real terror threat

Arguably, the $8bn a year spent on the TSA prevents rare acts of terrorism. Yet we do nothing to stop thousands of US gun deaths

In 2012, 15 Americans were killed in terrorist attacks.

The previous year, more than 32,000 Americans died from gun violence (including homicides, suicides and accidents). That total represents an almost 2,600 person increase in gun deaths since 2001.

So, it shouldn’t come as a surprise that the first Transportation Security Administration (TSA) agent to be killed in the line of duty was not slain by an al-Qaida terrorist, but rather by an American with a gun.

Gerardo Hernandez, who was shot and killed at Los Angeles International Airport (LAX) on Friday, was tasked with protecting Americans from a threat that barely exists. Instead, he died from a threat that we as a nation tacitly accept as a “price of freedom”: practically unfettered access to firearms.

Harvey Wasserman: Dear Climate Scientists, Please Note the Global Terror at Fukushima Four

Four climate scientists have made a public statement claiming nuclear power is an answer to global warming.

Before they proceed, they should visit Fukushima, where the Tokyo Electric Power Company has moved definitively toward bringing down the some 1300 hot fuel rods from a pool at Unit Four.  

Which makes this a time of global terror.  

Since March 11, 2011, fuel assemblies weighing some 400 tons, containing more than 1500 extremely radioactive fuel rods, have been suspended 100 feet in the air above Fukushima Daiichi’s Unit Four.  “If you calculate the amount of cesium 137 in the pool, the amount is equivalent to 14,000 Hiroshima atomic bombs,” says Hiroaki Koide, assistant professor at Kyoto University Research Reactor Institute.  Former US Department of Energy official Robert Alvarez, an expert on fuel pool fires, calculates potential fallout from Unit Four at ten times greater than what came from Chernobyl.  

On This Day In History November 5

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.

November 5 is the 309th day of the year (310th in leap years) in the Gregorian calendar. There are 56 days remaining until the end of the year.

On this day in 1938, Samuel Barber’s Adagio For Strings receives its world premiere on NBC radio

Adagio for Strings is a work for string orchestra, arranged by the American composer Samuel Barber from the second movement of his String Quartet. Barber finished the piece in 1936, and in 1938, it was conducted by Arturo Toscanini. Toscanini’s conducting was recorded at 8H Studio for radio broadcasting. Toscanini took the piece on tour to Europe and South America. It is disputed whether the first performance of Adagio in Europe was conducted by Toscanini or Henry J. Wood. Barber has rejected many arrangements published by G. Schirmer, such as the organ arrangement by William Strictland.

The piece begins with a B flat played by the violins. Lower strings enter two beats after the violins. At practical tempo, the piece length is about eight minutes. The piece’s reception was generally positive, with Alexander J. Morin writing that Adagio for Strings contains “full of pathos and cathartic passion, rarely leaves a dry eye.” The piece can be heard in many TV shows and movies.

The recording of the 1938 world premiere, with Arturo Toscanini conducting the NBC Symphony Orchestra, was selected in 2005 for permanent preservation in the National Recording Registry at the United States Library of Congress. Since the 1938 recording, it has frequently been heard throughout the world, and was one of the only American pieces to be played in the Soviet Union during the Cold War.

The Adagio was broadcast over the radio at the announcement of Franklin D. Roosevelt‘s death. It was also played at the funeral of Albert Einstein and at the funeral of Princess Grace of Monaco. It was performed in 2001 at Last Night of the Proms in the Royal Albert Hall to commemorate the victims of the September 11 attacks, replacing the traditional upbeat patriotic songs. It was also played during the opening ceremonies of the Vancouver 2010 Winter Olympics. In 2004, listeners of the BBC’s Today program voted Adagio for Strings the “saddest classical” work ever, ahead of “Dido’s Lament” from Dido and Aeneas by Henry Purcell, the “Adagietto” from Gustav Mahler’s 5th symphony, Metamorphosen by Richard Strauss and Gloomy Sunday as sung by Billie Holiday.

Adagio for Strings can be heard on many film, TV, and video game soundtracks, including Oliver Stone’s Oscar-winning film Platoon, David Lynch’s 1980 Oscar-nominated film The Elephant Man, Michael Moore’s documentary Sicko, Lorenzo’s Oil, A Very Natural Thing, Reconstruction, and Jean-Pierre Jeunet’s Oscar-nominated 2001 film Amélie. It has been heard in episodes of The Simpsons, Big Brother 2010 (UK), That Mitchell and Webb Look, The Boondocks, South Park, Seinfeld, ER (TV series), Big Love. A recorded performance by the London Symphony Orchestra was, for a time, the highest selling classical piece on iTunes. The work is extremely popular in the electronic dance music genre, notably in trance. Artists who have covered it include Armin van Buuren, William Orbit, Ferry Corsten, and Tiesto. eRa included this song in their new album Classics.

Does Democracy Still Work in America?

Democracy is when the indigent, and not the men of property, are the rulers.

Aristotle

‘Oligarchic tendencies’: Study finds only the wealthy get represented in the Senate

Members of the U.S. Senate do not respond equally to the views of all their constituents, according to research to be published in Political Research Quarterly next month. Senators overall represent their wealthiest constituents, while those on bottom of the economic rung are neglected. [..]

The study used data from the 2004 National Annenberg Election Survey to compare constituents’ political opinion to the voting behavior of their Senators in the 107th through 111th Congresses. With more than 90,000 respondents, the NAES is the largest public opinion survey conducted during presidential elections.

In all of the five Congresses examined, the voting records of Senators were consistently aligned with the opinions of their wealthiest constituents. The opinions of lower-class constituents, however, never appeared to influence the Senators’ voting behavior.

The neglect of lower income groups was a bipartisan affair. Democrats were not any more responsive to the poor than Republicans. [..]

Contrary to popular opinion, it was Democrats – not Republicans – who were more responsive to upper-class opinion in the 111th Congress.

Does Democracy Still Work in America?

My question would be: does Democracy still exist in America?

Remember, Remember the 5th of November

Remember, remember! The Fifth of November, the Gunpowder Treason and plot;

I know of no reason why the Gunpowder Treason should ever be forgot!

Guy Fawkes photo gty_guy_fawkes_nt_111104_wblog_zps060f73e0.jpg So the poem starts that commemorates the Gun Powder Plot of 1605 and  Guy Fawkes, a member of the Gunpowder Plot, was arrested while guarding explosives the plotters had placed beneath the House of Lords. That night has been celebrated in England on November 5th as Guy Fawkes Night ever since with bonfires and masks inspired by Guy Fawkes’ image. The holiday, the poem and, especially, the mask was made popular again by the 2006 motion picture “V for Vendetta.” Set in the future, “V” is an anonymous masked revolutionary working to destroy the fascist, totalitarian government with  elaborate, violent, and intentionally theatrical campaign that kills the leaders of the government and inspires the people to take back self-rule.

The mask was adopted by the group Anonymous whose members wore the mask during a 2008 protest of the Church of Scientology. The group has been called “freedom fighters,” “digital Robin Hoods,” “a cyber lynch-mob” and  “cyber terrorists.” Whatever you call them they were named of Time‘s “100 most influential people in the world for 2012.

OWS Symbol photo adbusters_occupy-wall-street-590_zps26ba429c.jpg It also became a symbol of the Occupy Wall Street movement that raised the awareness of the world to social and economic inequality, greed, corruption and the undue influence of corporations on government, especially Wall Street. Their slogan “We Are the 99%” became the probably the best known phrase of the last 2 years and the mask one of the most recognized symbols of the movement next to the dancer on the Wall Street bull.

This Guy Fawkes Day is being remembered by #OWS and Anonymous with day long protests and actions around the world with a call to action to the people to take back their self rule from the corrupt governments and corporations. Battered and scarred, they are still here but the time for revolution is ripening. The lion sleeps no more

Greetings world. We are anonymous. We are the people.

Governments of the world: take this message as your last will and testament. The game is officially over. Social media has given birth to something new. Now it’s time to set the record straight. This video is intended as that spark that gets delivered straight into the hearts and minds of the world. This video is an idea – a shared idea – so listen very carefully and make sure you are sitting down.

On the 5th of November 2013, Anonymous call for a day of global civil disobedience. This time we target all government facilities across the globe. Calling all free thinkers: the time for civil disobedience is now. This time it also seems unions from around the world are supporting this action. The lion sleeps no more. Ask yourself this: where will you be when we make history? November 5th, 2013. Worldwide. Now it’s a vendetta. Now it’s personal. Now it’s time to occupy everywhere. It’s time to throw everything we have at November 5th. It’s time to relight the flame of protest until our demands are met. Now it’s time for our brothers and sisters of the awakening to take to the streets. Austerity means war.

Here’s to the dreamers, the one’s that stand for human freedom, the Occupiers, the people that change things. It’s about solidarity, but more than that, it’s about the people, the people we meet, the people of the world standing together for a common goal. Concerned by numerous ecological and social problems, we stand united. As long as there are young and idealist people that share the views of ultimate human freedom, there will always be hope for the world.

We are anonymous. We are legion. We do not forgive. We do not forget. On November 5th, 2013: EXPECT US.

To find a march near you go to The Million Mask March World Event to find a city.

TPP: Its Real Agenda

President Barack Obama is pushing approval of The Trans-Pacific Partnership by the end of the year.

U.S. Trade Representative Michael Froman said on Tuesday that world trade ministers may discuss the U.S.-proposed Trans-Pacific Partnership (TPP) on the sidelines of a World Trade Organization meeting that starts on December 3, with a goal of reaching a deal by year-end.

But several outstanding issues remain, he told reporters at the Asia-Pacific Economic Cooperation (APEC) summit on the Indonesian island of Bali, citing issues ranging from intellectual property to state-owned enterprises, labor and the environment. The WTO meeting will also be held on Bali.

The three-year-old TPP talks, now involving 12 nations, are aimed at establishing a free-trade bloc that would stretch from Vietnam to Chile to Japan, encompassing 800 million people, about a third of world trade and nearly 40 percent of the global economy.

A major goal of the Obama administration, the TPP would tear down trade barriers in areas such as government procurement and set standards for workers’ rights, environmental protection and intellectual property rights.

In actuality, the TPP has little to do with free trade. In a thirty minute interview with Bill Moyers, investment banking expert Yves Smith who runs the blog naked capitalism and economist Dean Baker, co-director of the Center for Economic and Policy Research discuss the real agenda of the agreement.

A US-led trade deal is currently being negotiated that could increase the price of prescription drugs, weaken financial regulations and even allow partner countries to challenge American laws. But few know its substance.

The pact, the Trans-Pacific Partnership (TPP), is deliberately shrouded in secrecy, a trade deal powerful people, including President Obama, don’t want you to know about. More than 130 members of Congress have asked the White House for greater transparency about the negotiations and were essentially told to go fly a kite. While most of us are in the dark about the contents of the deal, which Obama aims to seal by year end, corporate lobbyists are in the know about what it contains.

How the Trans-Pacific Partnership Would Roll Back the Financial Regulations Needed to Avoid Another Crisis

by Expose the TPP

   The TPP would ban capital controls, an essential policy tool to counter destabilizing flows of speculative money. Even the International Monetary Fund has recently endorsed capital controls as legitimate for mitigating or preventing financial crises.

   The TPP would prohibit taxes on Wall Street speculation. That means that there would be no hope of passing proposals like the Robin Hood Tax, which would impose a tiny tax on Wall Street transactions to tamp down speculation-fueled volatility while generating hundreds of billions of dollars’ worth of revenue for social, health, or environmental causes.

   The TPP would empower financial firms to directly attack these government policies in foreign tribunals, and demand taxpayer compensation for policies they claim undermine their expected future profits.

The Trans-Pacific Partnership: A Trade Agreement for Protectionists

By Dean Baker, Center for Economic and Policy Research

There are many other areas where we could envision freer trade bringing real gains to the bulk of the population. However this is not what the TPP is about. The TPP is about crafting rules that will favor big business at the expense of the rest of the population in both the United States and in other countries.

For example, we can expect to see limits on the ability of national and sub-national governments to impose environmental restrictions, such requirements that companies engaging in fracking disclose the list of chemicals they use. There may also be limits on the extent to which governments can restrict the sale of genetically modified foods, with rules on labeling. And, the TPP may prevent governments from imposing restraints on financial firms that would prevent the sort of abuses that we saw during the run-up of the housing bubble.

The world has benefited from the opening of trade over the last four decades. But this opening has been selective so that, at least in the United States, most of the gains have gone to those at the top. It is possible to design trade deals that benefit the population as a whole, but not when corporate interests are literally the negotiators at the table. Rather than being about advancing free trade, the TPP is the answer to the question: “how can we make the rich richer?

Another Reason to Hate TPP: It Gives Big Content New Tools to Undermine Sane Digital Rights Policies

by Corynne McSherry and Maira Sutton, Electronic Freedom Foundation

Like the rest of the TPP, we only know what has been leaked. Based on that, it seems the negotiators are poised to give private corporations new tools to undermine national sovereignty and democratic processes. Specifically, TPP would give multinational companies the power to sue countries over laws that that might diminish the value of their company or cut into their expected future profits.

The provision that gives them this power is called “investor-state dispute settlement” (or ISDS for short). The policy was originally intended to ensure that investments in developing countries were not illegally expropriated by “rogue” governments, thereby encouraging foreign investment. But what began as a remedy to a specific problem has since been co-opted to serve very different purposes. Under investor-state, if a regulation gets in the way of a foreign investor’s ability to profit from its investment, the investor can sue a country for monetary damages based on both alleged lost profits and “expected future profits.” There are no monetary limits to the potential award.

Apparently a country’s own courts can’t be trusted to administer this kind of lawsuit, so investor-state also requires the creation of a new court. It would be comprised of three private-sector attorneys who take turns being judge and/or corporate advocate.

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