March 2015 archive

Greece threatens new elections if eurozone rejects planned reforms

by Helena Smith, The Guardian

Sunday 8 March 2015 14.02 EDT

Greece’s anti-austerity government has raised the spectre of further political strife in the crisis-plagued country by saying it will consider calling a referendum, or fresh elections, if its eurozone partners reject proposed reforms from Athens.

Racheting up the pressure ahead of a crucial meeting of his eurozone counterparts on Monday, the Greek finance minister, Yanis Varoufakis, said the leftist-led government would hold a plebiscite on fiscal policy if faced with deadlock.

“We are not attached to our posts. If needed, if we encounter implacability, we will resort to the Greek people either through elections or a referendum,” he told Italy’s Il Corriere della Sera in an interview on Sunday.

Varoufakis was the second high-ranking official in as many days to suggest the possibility of a referendum being held. On Saturday, Panos Kammenos, who heads the government’s junior partner in office, the small, rightwing Independent Greeks party, said such a ballot could be a “possible response” to protracted disagreement with creditor bodies propping up Greece’s debt-stricken economy.

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Ahead of tomorrow’s meeting, creditors have signaled that they want Athens to specify reforms with “harder facts and figures” including showing a renewed commitment to the country’s stalled privatisation process. Militants on the far-left of Syriza have made such “asset stripping” a “red line” that they will not cross.

“The country is at war with lenders,” warned the interior minister, Nikos Voutsis, giving voice to the increasingly combative sentiments now colouring relations with creditors. “Every month the leash is getting tighter for us. But we are not going to proceed in this war like happy scouts ready to follow bailout policies.”

With the rhetoric at such levels, Athens is treading a very fine line.

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“If the ECB insists on this decision, which in our opinion is not the right one, then it will be taking on a major responsibility,” Tsipras told Der Spiegel before appealing to Draghi by phone on Saturday to change course.

With the current impasse threatening to lead Greece into defaulting on its payments and the spectre of a referendum renewing fears of further turmoil for an economy already blighted by the twin ills of bankruptcy and political uncertainty, Varoufakis’ remarks were quickly described as “irresponsible” by the political opposition.

Former prime minister Antonis Samaras, who now heads the main opposition centre-right New Democracy party, said a plebiscite would be “a very bad development”.

Why yes it will, for Antonis Samaras and his New Democracy party who are highly likely to get their butts kicked.

You may ask, “So what good does a vote do?”  It shows that Tsipras and SYRIZA have the support of the Greek people.

Because the alternative for Draghi, Schaeuble, and Lagarde is that Greece simply repudiates its debt entirely, slaps on capital controls, and the German Banks (who are the ones actually being “bailed out”) end up without even paper suitable for outhouse use as those ephemeral electrons all change to zero.

They can kill you, but they can never force you to do anything.  You’d think the Germans would have learned that.

The Conundrum of Corporation and Nation

Robert Reich

Sunday, March 8, 2015

The U.S. economy is picking up steam but most Americans aren’t feeling it. By contrast, most European economies are still in bad shape, but most Europeans are doing relatively well.

What’s behind this? Two big facts.

First, American corporations exert far more political influence in the United States than their counterparts exert in their own countries.

In fact, most Americans have no influence at all.

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The second fact is most big American corporations have no particular allegiance to America. They don’t want Americans to have better wages. Their only allegiance and responsibility to their shareholders – which often requires lower wages  to fuel larger profits and higher share prices.

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(B)ecause of these two basic facts – their dominance on American politics, and their interest in share prices instead of the wellbeing of Americans – it’s folly to count on them to create good American jobs or improve American competitiveness, or represent the interests of the United States in global commerce.

By contrast, big corporations headquartered in other rich nations are more responsible for the wellbeing of the people who live in those nations.

That’s because labor unions there are typically stronger than they are here – able to exert pressure both at the company level and nationally.

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Governments in other rich nations often devise laws through tri-partite bargains involving big corporations and organized labor. This process further binds their corporations to their nations.

Meanwhile, American corporations distribute a smaller share of their earnings to their workers than do European or Canadian-based corporations.

And top U.S. corporate executives make far more money than their counterparts in other wealthy countries.

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And because of the overwhelming clout of American firms on U.S. politics, Americans don’t get nearly as good a deal from their governments as do Canadians and Europeans.

Governments there impose higher taxes on the wealthy and redistribute more of it to middle and lower income households. Most of their citizens receive essentially free health care and more generous unemployment benefits than do Americans.

So it shouldn’t be surprising that even though U.S. economy is doing better, most Americans are not.

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(W)hen at global negotiating tables – such as the secretive process devising the “Trans Pacific Partnership” trade deal – American corporations don’t represent the interests of Americans. They represent the interests of their executives and shareholders, who are not only wealthier than most Americans but also reside all over the world.  

Which is why the pending Partnership protects the intellectual property of American corporations – but not American workers’ health, safety, or wages, and not the environment.

The Obama administration is casting the Partnership as way to contain Chinese influence in the Pacific region. The agents of America’s interests in the area are assumed to be American corporations.

But that assumption is incorrect. American corporations aren’t set up to represent America’s interests in the Pacific region or anywhere else.

“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

Trevor Timm: Republicans are mad about Hillary Clinton’s emails. So pass FOIA reform

To all the members of Congress complaining about Hillary Clinton’s use of a private email address while Secretary of State, here’s an idea: pass a law so it can never happen again. Whether you’re a Republican in Congress trying to capitalize on the controversy, or a Democrat trying to put an end to it, why not quickly vote on robust Freedom of Information Act (FOIA) reform in both the House and the Senate? [..]

As John Wonderlich, policy director at the Sunlight Foundation, told me yesterday: Congress can easily “pass clearer requirements governing the use of official email, and create strong oversight and enforcement authority to ensure the law is followed”. It’s also the perfect time to quickly pass the FOIA Improvements Act, which Congress came within a hair’s breadth of doing last December.

Instead of both parties competing over who can be more secretive, like they did in the 2012 presidential campaign, this is also a great opportunity for 2016 presidential candidates to debate about who can deliver the most transparent White House. That doesn’t mean just voluntarily releasing emails you want the public to see – though that’s a start – but implementing lasting policy changes and laws that will change the trajectory of US secrecy law, which has grown out of control in the past decade.

Raúl M Grijalva and Keith Ellison: We won’t just rubber-stamp the Trans-Pacific Partnership. Workers deserve better

Progressives believe that fair trade agreements are possible – but not if the administration follows the old model for negotiations

The United States is currently negotiating with eleven other nations to finalize the Trans-Pacific Partnership (TPP) – one of the biggest trade deals in history – which will set the standard for international trade deals for decades to come. America faces a clear choice: will we continue the job-killing policies of recent deals, or will we create a new model for trade that puts working families first?

We in Congress don’t precisely know, because the rules governing negotiations mean we don’t have access to full draft texts and staff cannot be present when we see individual sections. We also cannot provide negotiating objectives for the US Trade Representative. The administration’s request for “fast track” authority is a request for Congress to rubber-stamp a text that more than 500 corporate representatives were able to see and influence.

I have 4 articles for you this morning – 3 related and the last one just an interesting one.

First, in the wake of the ill advised slap by inviting Bibi to Congress, this is what the GOP Senators did now, pretty much in violation of the Logan Act, not that they’ll be called on it:

Backstabbing Republicans Publish Open Letter To Iran Undermining Negotiations

I am once again shocked, but not surprised, at the lengths Republicans will go to to undermine the President of the United States while he is conducting negotiations with the government of a foreign country.

link to the letter

Jump!

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.

March 10 is the 69th day of the year (70th in leap years) in the Gregorian calendar. There are 296 days remaining until the end of the year.

On this day in 1959, Tibetans band together in revolt, surrounding the summer palace of the Dalai Lama in defiance of Chinese occupation forces.

China’s occupation of Tibet began nearly a decade before, in October 1950, when troops from its People’s Liberation Army (PLA) invaded the country, barely one year after the Communists gained full control of mainland China. The Tibetan government gave into Chinese pressure the following year, signing a treaty that ensured the power of His Holiness the Dalai Lama, the country’s spiritual leader, over Tibet’s domestic affairs. Resistance to the Chinese occupation built steadily over the next several years, including a revolt in several areas of eastern Tibet in 1956. By December 1958, rebellion was simmering in Lhasa, the capital, and the PLA command threatened to bomb the city if order was not maintained.

Lhasa Rebellion

On 1 March 1959, an unusual invitation to attend a theatrical performance at the Chinese military headquarters outside Lhasa was extended to the Dalai Lama. The Dalai Lama, at the time studying for his lharampa geshe degree, initially postponed the meeting, but the date was eventually set for 10 March. On 9 March, the head of the Dalai Lama’s bodyguard was visited by Chinese army officers. The officers insisted that the Dalai Lama would not be accompanied by his traditional armed escort to the performance, and that no public ceremony for the Dalai Lama’s procession from the palace to the camp should take place, counter to tradition.

According to historian Tsering Shakya, the Chinese government was pressuring the Dalai Lama to attend the People’s Congress in April 1959, in order to repair China’s image with relation to ethnic minorities after the Khampa’s rebellion. On 7 February 1959, a significant day on the Tibetan calendar, the Dalai Lama attended a religious dance, after which the acting representative in Tibet, Tan Guansan, offered the Dalai Lama a chance to see a performance from a dance troupe native to Lhasa at the Norbulingka to celebrate the Dalai Lama’s completion of his lharampa geshe degree. According to the Dalai Lama’s memoirs, the Dalai Lama agreed, but said that the Norbulingka did not have the facilities, and suggested the new auditorium in the PLA headquarters in Lhasa as a more appropriate venue. Neither the Kashag nor the Dalai Lama’s bodyguards were informed of the Dalai Lama’s plans until Chinese officials briefed them on 9 March, one day before the performance was scheduled, and insisted that they would handle the Dalai Lama’s security. Some members of the Kashag were alarmed that were not also invited to lead a customary armed procession, recalling a prophecy that told that the Dalai Lama should not exit his palace.

According to historian Tsering Shakya, some Tibetan government officials feared that plans were being laid for a Chinese abduction of the Dalai Lama, and spread word to that effect amongst the inhabitants of Lhasa. On 10 March, several thousand Tibetans surrounded the Dalai Lama’s palace to prevent him from leaving or being removed. The huge crowd had gathered in response to a rumor that the Chinese communists were planning to arrest the Dalai Lama when he went to a cultural performance at the PLA’s headquarters. This marked the beginning of the uprising in Lhasa, though Chinese forces had skirmished with guerrillas outside the city in December of the previous year. Although CCP offcials insisted that the “reactionary upper stratum” in Lhasa was responsible for the rumor, there is no way to identify the precise source. At first, the violence was directed at Tibetan officials perceived not to have protected the Dalai Lama or to be pro-Chinese; attacks on Hans started later. One of the first casualties of mob was a senior lama, Pagbalha Soinam Gyamco, who worked with the PRC as a member of the Preparatory Committee of the Tibetan Autonomous Region, who was killed and his body dragged by a horse in front of the crowd for two kilometres.

On 12 March, protesters appeared in the streets of Lhasa declaring Tibet’s independence. Barricades went up on the streets of Lhasa, and Chinese and Tibetan rebel forces began to fortify positions within and around Lhasa in preparation for conflict. A petition of support for the armed rebels outside the city was taken up, and an appeal for assistance was made to the Indian consul. Chinese and Tibetan troops continued moving into position over the next several days, with Chinese artillery pieces being deployed within range of the Dalai Lama’s summer palace, the Norbulingka. On 15 March, preparations for the Dalai Lama’s evacuation from the city were set in motion, with Tibetan troops being employed to secure an escape route from Lhasa. On 17 March, two artillery shells landed near the Dalai Lama’s palace, triggering his flight into exile. On 19 March the Chinese started to shell the Norbulingka, prompting the full force of the Uprising. According to the freetibet website, on 21 March 800 shells rained down on the palace, including the shelling of the Norbulingka and Lhasa’s major monasteries, slaughtering thousands of Tibetan men, women and children. Combat lasted only about two days, with Tibetan rebel forces being badly outnumbered and poorly armed.

Acting Out

Consumer Accountability is tonight’s topic and as near as I can tell from quick Google News scan it refers to the effort by Health Insurers in particular to blame you, as the customer, for making actual Health Care too expensive for them by not shopping well enough for Emergency Rooms while you’re bleeding out.

There is a larger penumbra of references to other ways Corporations are trying to make the purchasers of their products and services responsible when the Companies screw up and deliver defective goods.  Apparently it’s based on the Libertarian idea that bad Companies will eventually be forced to improve their practices because informed consumers will shop elsewhere and it’s your own damn fault if you are maimed by a poorly engineered air bag because every expert automotive engineer knows about that problem so you are either a) too lazy to do your research, b) too stupid to understand it, or c) too cheap to buy a car with a good one.

And probably all three.

Of course, it may mean something else entirely.

Continuity

Booted

This Week’s Guests-

• Monday 3/9: John Lewis
• Tuesday 3/10: Abbi Jacobson, Ilana Glazer
• Wednesday 3/11: Common
• Thursday 3/12: Rob Corddry

What can you say about John Lewis?  The man is a Giant of the Civil Rights Movement

At the Brown Chapel A.M.E. Church

“Still Work to Be Done”: Rep. John Lewis Returns to Selma 50 Years After He Was Beaten Unconscious, Democracy Now

Well, maybe this- he’s drafted a bill to correct the misguided Supreme Court decision in Shelby County v. Holder.  It has only 2 Republican Sponsors in the House, Sensenbrenner of Wisconsin and Gibson of New York (and but a paltry few Democrats) and none at all in the Senate.

The real news below.

“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

Paul Krugman: Partying Like It’s 1995

Six years ago, Paul Ryan, who has since become the chairman of the House Ways and Means Committee and the G.O.P.’s leading voice on matters economic, had an Op-Ed article published in The Times. Under the headline “Thirty Years Later, a Return to Stagflation,” he warned that the efforts of the Obama administration and the Federal Reserve to fight the effects of financial crisis would bring back the woes of the 1970s, with both inflation and unemployment high.

True, not all Republicans agreed with his assessment. Many asserted that we were heading for Weimar-style hyperinflation instead.

Needless to say, those warnings proved totally wrong. Soaring inflation never materialized. Job creation was sluggish at first, but more recently has accelerated dramatically. Far from seeing a rerun of that ’70s show, what we’re now looking at is an economy that in important respects resembles that of the 1990s.

Robert Kuttner: Will the Fed Kill the Recovery Again?

The Labor Department reported that the economy added 295,000 payroll jobs in February, the 12th straight month of job creation of better than 200,000 a month. And the Dow Jones Industrial Average promptly dropped by nearly 300 points.

What gives? Do capitalists hate workers?

Well, perhaps; but the immediate explanation is concern about the Federal Reserve. If unemployment keeps falling, the Fed is more likely to raise interest rates. And if the Fed raises rates, that’s bad for the stock market because bonds start to be a better investment than stocks; and the expectation of flat or declining stock prices feeds on itself and sets off a wave of stock selling.

Supposedly, the assumption that the Fed will raise rates in the not too far distant future has been already “priced in” to share prices. But that’s malarkey. Markets react emotionally, not always rationally.

I have 3 articles for your perusal this morning.

First, in honor of International Women’s Day yesterday, here are some revolutionaries you likely haven’t heard much about:

10 Female Revolutionaries That You Probably Didn’t Learn About In History class

We all know male revolutionaries like Che Guevara, but history often tends to gloss over the contributions of female revolutionaries that have sacrificed their time, efforts, and lives to work towards burgeoning systems and ideologies. Despite misconceptions, there are tons of women that have participated in revolutions throughout history, with many of them playing crucial roles. They may come from different points on the political spectrum, with some armed with weapons and some armed with nothing but a pen, but all fought hard for something that they believed in.

Let’s take a look at 10 of these female revolutionaries from all over the world that you probably won’t ever see plastered across a college student’s T-shirt.

Jump!