Author's posts
Dec 06 2011
GAO Report: Free Money
Former US Congressman Alan Grayson (D-FL) and Rep. Ron Paul (R-TX) pushed for an audit of the Federal Reserve, the first in its 99 year existence, that produced a massive 251-page GAO report entitled “Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance” (pdf). Rep. Grayson summarized some his favorite parts and explains what it all means in an article in the Huffington Post:
(1) In the case of TARP, at least The People’s representatives got a vote. In the case of the Fed’s bailouts, which were roughly 20 times as substantial, there was never any vote. Unelected functionaries, with all sorts of ties to Wall Street, handed out trillions of dollars to Wall Street. That’s now how a democracy should function, or even can function.
(2) The notion that this was all without risk, just because the Fed can keep printing money, is both laughable and cryable (if that were a word). Leaving aside the example of Germany’s hyperinflation in 1923, we have the more recent examples of Iceland (75% of GNP gone when the central bank took over three failed banks) and Ireland (100% of GNP gone when the central bank tried to rescue property firms).
(3) In the same way that American troops cannot act as police officers for the world, our central bank cannot act as piggy bank for the world. If the European Central Bank wants to bail out UBS, fine. But there is no reason why our money should be involved in that.
(4) For the Fed to pick and choose among aid recipients, and then pick and choose who takes a “haircut” and who doesn’t, is both corporate welfare and socialism. The Fed is a central bank, not a barber shop.
(5) The main, if not the sole, qualification for getting help from the Fed was to have lost huge amounts of money. The Fed bailouts rewarded failure, and penalized success. (If you don’t believe me, ask Jamie Dimon at JP Morgan.) The Fed helped the losers to squander and destroy even more capital.
(6) During all the time that the Fed was stuffing money into the pockets of failed banks, many Americans couldn’t borrow a dime for a home, a car, or anything else. If the Fed had extended $26 trillion in credit to the American people instead of Wall Street, would there be 24 million Americans today who can’t find a full-time job?
There is nothing to stop the Federal Reserve from doing this again. More money please but only if you’re a bank.
Dec 06 2011
Why Can’t The Feds Prosecute Systemic Fraud?
In 2007, Eileen Foster, a former executive vice president in charge of fraud investigations for Countrywide Financial Corp., and her team began looking through documents in the company’s mortgage division. What she uncovered was massive fraud that was being committed on a daily basis. When Countrywide was acquired by Bank of America in 2008, Ms. Foster was fired for “inappropriate and unprofessional conduct.”
Ms. Foster filed a wrongful termination lawsuit with the Department of Labor. During her three year fight to clear her name, the extensive fraud committed by Countrywide employees and executives came to light. Bank of America, as typical, says that this in nothing new and the claims against Countrywide were settled. In the first part of a two part article by Michael Hudson published at i-Watch News, recounts the extent of the fraud committed by Countrywide employees, condoned by executives and covered up by BoA:
In government records and in interviews with iWatch News, Foster describes other top-down misconduct:
She claims Countrywide’s management protected big loan producers who used fraud to put up big sales numbers. If they were caught, she says, they frequently avoided termination.
Foster claims Countrywide’s subprime lending division concealed from her the level of “suspicious activity reports.” This in turn reduced the number of fraud reports Countrywide gave to the U.S. Treasury’s Financial Crimes Enforcement Network.
Foster claims Countrywide failed to notify investors when it discovered fraud or other problems with loans that it had sold as the underlying assets in “mortgage-backed” securities. When she created a report designed to document these loans on a regular basis going forward, she says, she was “shut down” by company officials and told to stop doing the report.
Eileen Foster appeared on 60 Minutes in an interview with Steve Kroft:
60 Minutes also interviewed the head of the criminal division at the Department of Justice, Larry Brewer asking him about the lack of prosecutions that could be done under the Sarbanes-Oxley law. Brewer’s response was “he thinks nobody ‘lacks confidence’ in the department’s ability to prosecute financial crime”:
60 MINUTES: We spoke to a woman at Countrywide who was a senior vice president for investigating fraud and she said that the fraud inside countrywide was systemic. That it was basically a way of doing business.
BREWER: Well, it’s hard for me to talk about a particular case. Of course in the Countrywide case, terrific office, US Attorney’s office in Los Angeles, investigated that. Interviewed many, many people. Hundreds of people, perhaps. Reviewed millions of documents.
60 MINUTES: Do you lack confidence in bringing cases under Sarbanes-Oxley?
BREWER: Steve, no one is really has accused this Department of Justice, or this division, or me of lacking confidence. If you look at the prosecutors all over the country, they are bringing record cases with respect to all kinds of criminal laws. Sarbanes-Oxley is a tool, but it’s only one tool. We’re confident. We follow the facts and the law wherever they take us. And we’re bringing every case that we believe can be made.
Some state attorney generals are filing suits and conducting investigations. Massachusetts AG Martha Coakley filed papers in state court suing five major mortgage lenders, including Bank of America, and MERS. Meanwhile, there have been no federal prosecutions of any top level executives and federal prosecutions of financial fraud have fallen to a 20 year low but thousands of Occupy Wall Street protesters have been arrested.
As Zaid Jilani concludes at Think Progress:
After all, allowing criminals to help cause a global recession that plunged 60 million people into extreme poverty and then proliferate in an industry will only sully its reputation.
Dec 05 2011
Punting the Pundits
“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.
Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.
Paul Krugman: Send in the Clueless
There are two crucial things you need to understand about the current state of American politics. First, given the still dire economic situation, 2012 should be a year of Republican triumph. Second, the G.O.P. may nonetheless snatch defeat from the jaws of victory – because Herman Cain was not an accident.
Think about what it takes to be a viable Republican candidate today. You have to denounce Big Government and high taxes without alienating the older voters who were the key to G.O.P. victories last year – and who, even as they declare their hatred of government, will balk at any hint of cuts to Social Security and Medicare (death panels!).
And you also have to denounce President Obama, who enacted a Republican-designed health reform and killed Osama bin Laden, as a radical socialist who is undermining American security.
So what kind of politician can meet these basic G.O.P. requirements? There are only two ways to make the cut: to be totally cynical or to be totally clueless.
Ray McGovern: Are Americans in Line for Gitmo?
Though the 9/11 attacks occurred more than a decade ago, Congress continues to exploit them to pass evermore draconian laws on “terrorism,” with the Senate now empowering the military to arrest people on U.S. soil and hold them without trial, a serious threat to American liberties
Ambiguous but alarming new wording, which is tucked into the National Defense Authorization Act (NDAA) and was just passed by the Senate, is reminiscent of the “extraordinary measures” introduced by the Nazis after they took power in 1933.
And the relative lack of reaction so far calls to mind the oddly calm indifference with which most Germans watched the erosion of the rights that had been guaranteed by their own Constitution. As one German writer observed, “With sheepish submissiveness we watched it unfold, as if from a box at the theater.”
The writer was Sebastian Haffner (real name Raimond Pretzel), a young German lawyer worried at what he saw in 1933 in Berlin, but helpless to stop it since, as he put it, the German people “collectively and limply collapsed, yielded and capitulated.”
“The result of this millionfold nervous breakdown,” wrote Haffner at the time, “is the unified nation, ready for anything, that is today the nightmare of the rest of the world.” Not a happy analogy.
The Senate bill, in effect, revokes an 1878 law known as the Posse Comitatus Act, which banned the Army from domestic law enforcement after the military had been used
and often abusedin that role during Reconstruction. Ever since then, that law has been taken very seriously – until now. Military officers have had their careers brought to an abrupt halt by involving federal military assets in purely civilian criminal matters.
Patients who are treated at home by a doctor and nursing staff who know them intimately and can be available 24/7 are happier and healthier. This kind of care decreases the infections, mistakes and delirium, which, especially among the elderly, are the attendants of hospital care. And it is far more efficient. According to a 2002 study, for the patients treated by the Veterans Affairs’ Home Based Primary Care program, the number of days spent in hospitals and nursing homes was cut by 62 percent and 88 percent, respectively, and total health care costs dropped 24 percent. [..]
The fact that this care is possible at home means that the role of hospitals must change. Acutely ill patients who need operating rooms or intensive care will still be brought to hospitals. But they should be quickly discharged to the care of the doctors and nurses who know them best.
For too long the institutions that make up our health care system – hospitals, insurers and drug companies – have told us that “more is better”: more medicines, more specialists, more tests. To rein in spending and deliver better care, we must recognize that the primary mission of many an institution is its own survival and growth. We can’t rely on institutions to shrink themselves. We need to give that job to patients and their doctors, and move health care into the home, where it is safer and more effective.
John Bonifaz: Restore Democracy to the People with 28th Amendment
America is at a crossroads. Shall we be governed by people or by corporations?
If you thought we had already answered that question more than two centuries ago, you’re right. The framers of our Constitution were clear that we were to be a government of, for and by the people. They recognized that corporations were not people and that the Constitution did not guarantee corporations rights intended for people.
Yet, five justices of the current U.S. Supreme Court think otherwise. In their January 2010 Citizens United v. FEC decision, they ruled that corporations have the same free-speech rights as people and can spend unlimited amounts of their corporate money in our elections. No matter that corporations are artificial entities created through state corporate charter laws. No matter that corporations do not breathe, do not think and do not have consciences. No matter that corporations have advantages you and I do not: limited liability, perpetual life and the ability to aggregate and distribute wealth. According to these five justices, corporations are people.
New York Times Editorial: Pain in the Public Sector
Buried in the relatively positive numbers contained in the November jobs report was some very bad news for those who work in the public sector. There were 20,000 government workers laid off last month, by far the largest drop for any sector of the economy, mostly from states, counties and cities.
That continues a troubling trend that’s been building for years, one that has had a particularly harsh effect on black workers. While the private sector has been adding jobs since the end of 2009, more than half a million government positions have been lost since the recession.
In most cases, states and cities had to lay off workers because of declining tax revenues, or reduced federal aid because of Washington’s inexplicable decision to focus more on the deficit in the near term than on jobs.
John Nichols: A Republican Chooses Not to be Ridiculous: Ron Paul Trumps Trump
Ron Paul is far from perfect. But the Texas congressman and maverick GOP presidential contender brings to the 2012 race a record far more worthy of commendation than those of his competitors for the Republican nomination. [..]
Confronted with the prospect of a participating in a debate hosted by the second most absurd figure in American public life, Donald Trump, Paul simply said “no.”
The campaign of the candidate who, in the new Des Moines Register survey is running second in the field of GOP presidential contenders with less than a month to go before Iowa’s first-in-the-nation caucuses, issued a delightfully snarky statement [..]
Ron Paul may not win the presidency, but he is winning the debate about the debate with Donald Trump.
But even if Trump will not have a serious presidential contender on his debate panel, he will not be alone.
The second most absurd figure in American public life will reportedly be joined December 27 by the most absurd figure in American public life: Newt Gingrich.
Ari Melber: Donald Trump’s Debate Power: It’s About Race
Yes, Donald Trump is back. His elevation as a moderator of a pivotal debate in Iowa on December 27 – the Republican candidates’ final joint appearance before voting begins – provides a sad but fitting coda to this unhinged primary season.
When the news broke over the weekend, the media largely reacted with lighthearted derision. The Times led the Trump news by announcing, “it’s officially a reality television Republican primary now,” while several commentators said the debate is basically an SNL skit that writes itself. I’m all for mocking The Donald, but these waves of satire do risk obscuring the dark side of this news.
Let’s be clear. In Republican politics this year, Donald Trump’s signature issue, and narrow-but-intense constituency, was built on a race-baiting effort to dislodge the President’s long-form birth certificate from the Hawaii Department of Health.*
Dec 05 2011
On This Day In History December 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.
December 5 is the 339th day of the year (340th in leap years) in the Gregorian calendar. There are 26 days remaining until the end of the year.
On this day in 1933, The 21st Amendment to the U.S. Constitution is ratified, repealing the 18th Amendment and bringing an end to the era of national prohibition of alcohol in America. At 5:32 p.m. EST, Utah became the 36th state to ratify the amendment, achieving the requisite three-fourths majority of states’ approval. Pennsylvania and Ohio had ratified it earlier in the day.
The movement for the prohibition of alcohol began in the early 19th century, when Americans concerned about the adverse effects of drinking began forming temperance societies. By the late 19th century, these groups had become a powerful political force, campaigning on the state level and calling for national liquor abstinence. Several states outlawed the manufacture or sale of alcohol within their own borders. In December 1917, the 18th Amendment, prohibiting the “manufacture, sale, or transportation of intoxicating liquors for beverage purposes,” was passed by Congress and sent to the states for ratification. On January 29, 1919, the 18th Amendment achieved the necessary three-fourths majority of state ratification. Prohibition essentially began in June of that year, but the amendment did not officially take effect until January 29, 1920.
The proponents of Prohibition had believed that banning alcoholic beverages would reduce or even eliminate many social problems, particularly drunkenness, crime, mental illness, and poverty, and would eventually lead to reductions in taxes. However, during Prohibition, people continued to produce and drink alcohol, and bootlegging helped foster a massive industry completely under the control of organized crime. Prohibitionists argued that Prohibition would be more effective if enforcement were increased. However, increased efforts to enforce Prohibition simply resulted in the government spending more money, rather than less. Journalist H.L. Mencken asserted in 1925 that respect for law diminished rather than increased during Prohibition, and drunkenness, crime, insanity, and resentment towards the federal government had all increased.
During this period, support for Prohibition diminished among voters and politicians. John D. Rockefeller Jr., a lifelong nondrinker who had contributed much money to the Prohibitionist Anti-Saloon League, eventually announced his support for repeal because of the widespread problems he believed Prohibition had caused. Influential leaders, such as the du Pont brothers, led the Association Against the Prohibition Amendment, whose name clearly asserted its intentions.
Women as a bloc of voters and activists became pivotal in the effort to repeal, as many concluded that the effects of Prohibition were morally corrupting families, women, and children. (By then, women had become even more politically powerful due to ratification of the Constitutional amendment for women’s suffrage.) Activist Pauline Sabin argued that repeal would protect families from the corruption, violent crime, and underground drinking that resulted from Prohibition. In 1929 Sabin founded the Women’s Organization for National Prohibition Reform (WONPR), which came to be partly composed of and supported by former Prohibitionists; its membership was estimated at 1.5 million by 1931.
The number of repeal organizations and demand for repeal both increased. In 1932, the Democratic Party’s platform included a plank for the repeal of Prohibition, and Democrat Franklin Roosevelt ran for President of the United States promising repeal of federal laws of Prohibition.
Dec 04 2011
Rant of the Week: Jon Stewart
America’s Next TARP Model
A Bloomberg report reveals that the U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest.
Dec 04 2011
On this Day In History December 4
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.
December 4 is the 338th day of the year (339th in leap years) in the Gregorian calendar. There are 27 days remaining until the end of the year
On this day in 1783, future President George Washington, then commanding general of the Continental Army, summons his military officers to Fraunces Tavern in New York City to inform them that he will be resigning his commission and returning to civilian life.
Washington had led the army through six long years of war against the British before the American forces finally prevailed at the Battle of Yorktown in 1781. There, Washington received the formal surrender of British General Lord Charles Cornwallis, effectively ending the Revolutionary War, although it took almost two more years to conclude a peace treaty and slightly longer for all British troops to leave New York.
Fraunces Tavern is a tavern, restaurant and museum housed in a conjectural reconstruction of a building that played a prominent role in pre-Revolution and Revolution history. The building, located at 54 Pearl Street at the corner of Broad Street, has been owned by Sons of the Revolution in the State of New York Inc. since 1904, which claims it is Manhattan’s oldest surviving building. The building is a tourist site and a part of the American Whiskey Trail and the New York Freedom Trail.
In August 1775, Americans took possession of cannons from the artillery battery at the southern point of Manhattan and fired on the HMS Asia. The British ship retaliated by firing a 32-gun broadside on the city, sending a cannonball through the roof of the building.
When the war was all but won, the building was the site of “British-American Board of Inquiry” meetings, which negotiated to ensure to American leaders that no “American property” (meaning former slaves who were emancipated by the British for their military service) be allowed to leave with British troops. Board members reviewed the evidence and testimonies that were given by freed slaves every Wednesday from April to November 1783, and British representatives were successful in ensuring that almost all of the loyalist blacks of New York maintained their liberty.
After British troops evacuated New York, the tavern hosted an elaborate “turtle feast” dinner on December 4, 1783 in the building’s Long Room for U.S. Gen. George Washington where he bade farewell to his officers of the Continental Army by saying “[w]ith a heart full of love and gratitude, I now take leave of you. I most devoutly wish that your latter days may be as prosperous and happy as your former ones have been glorious and honorable.”
The building housed some offices of the Confederation Congress as the nation struggled under the Articles of Confederation. With the establishment of the U.S. Constitution and the inauguration of Washington as president in 1789, the departments of Foreign Affairs, Treasury and War located offices at the building. The offices were vacated when the location of the U.S. capital moved on December 6, 1790 from New York to Philadelphia.
Dec 04 2011
GMAC to Massachusetts: We Aren’t Going to Play in Your State
Massachusetts Attorney General Martha Coakley filed a law suit against five major banks and MERSover deceptive mortgage practices. One of those entities, GMAC, the mortgage lender of Ally Financial Inc., decided to stop mortgage lending in Massachusetts. The nation’s fifth-largest mortgage originator said it “has taken this action because recent developments have led mortgage lending in Massachusetts to no longer be viable,”. Seriously, they are not going to play in the state because Martha wants them to play by the rules. How dare she!
Yves Smith at naked capitalism says that in essence GMAC Mugs Massachusetts for Insisting on the Rule of Law, Suspends Mortgage Lending in the State
This move by GMAC, now Ally, is remarkably brazen. GMAC has effectively said that Massachusetts must hew to its demands of how to deal with foreclosures. It announced it is withdrawing from mortgage lending in the state in an effort to bring it to heel. [..]
GMAC is trying to get other big banks to follow suit. I hope the state and other groups that do substantial financial business with banks (largish churches are also attractive clients) make it clear than any effort to punish the state for enforcing the law will be met by moving their accounts to smaller institutions that respect the law. [..]
Sorry, for the first decade plus of the private mortgage securitization business, banks and servicers did hew to the requirements of state law. It was only in the late 1990s through 2004 or so that they started to fail to comply with the requirements of their own contracts (the breakdown appears to have taken place over time, with the biggest decay taking place during the 2002-2003 refi boom). That’s what has put their foreclosures on shaky footing, which in turn has led to wideranging legal abuses to get around the mess they created.
The insolence of the securitization industry continues to be astonishing. They act as if they have an imperial right to dictate to governments, and refuse to admit any role in a disaster of their own creation. I hope those of you who do business with Ally close your accounts immediately and tell the bank that it is due to their Mafia style move in Massachusetts.
If you’re a GMAC customer in Massachusetts, it’s time to move your loan.
Dec 04 2011
Punting the Pundits: Sunday Preview Edition
“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”.
The Sunday Talking Heads:
Up with Chris Hayes: Sunday’s guests are Rev. Samuel Rodriguez (@NHCLC), President of The National Hispanic Christian Leadership Conference; Dr. Donald Berwick, former administrator for the Centers for Medicare and Medicaid Services under President Obama; Jared Bernstein, former chief economist and economic advisor to Vice President Joe Biden; Chrystia Freeland, editor of Thomson Reuters Digital; Mahlon Mitchell, President of the Professional Fire Fighters of Wisconsin; John McWhorter, Columbia University Professor of Linguistic and American Studies, and Contributing Editor at New Republic and TheRoot.com; and Katrina Vanden Heuvel, editor & publisher at The Nation magazine.
This Week with Christiane Amanpour: Sunday’s guests are former Pennsylvania senator and Republican presidential candidate Rick Santorum; , Rep. Barney Frank (D-MA) and Academy Award winning actress Angelina Jolie. The rountable pundits are George Will, Democratic strategist Donna Brazile, AOL Huffington Post’s Arianna Huffington, and Major Garrett of National Journal.
Face the Nation with Bob Schieffer: Guests are RNC Chair Reince Priebus and Obama Campaign Advisor Robert Gibbs. Roundtable analysis from CBS News Chief White House Correspondent Norah O’Donnell, CBS News Political Director John Dickerson, CBS News Congressional Correspondent Nancy Cordes, and Politico’s Chief White House Correspondent Mike Allen.
The Chris Matthews Show: This week’s guests are Joe Klein, TIME Columnist, Helene Cooper, The New York Times White House Correspondent, Gillian Tett, Financial Times U.S. Managing Editor and John Heilemann, New York Magazine National Political Correspondent
Meet the Press with David Gregory: Guests are Obama re-elect chief strategist David Axelrod and RNC Chairman Reince Priebus.
But in separate studios to minimize the level of bull s**t that will be shoveled
The roundtable guests are Publisher of the New Hampshire Union Leader Joe McQuaid, the BBC’s Katty Kay, Fmr. Rep. Harold Ford, Jr. (D-TN) and TIME’s Mark Halperin.
State of the Union with Candy Crowley: Guests are Rep. Ron Paul (R-TX), Rep. Michele Bachmann (R-MI) and Sen. John McCain (R-AZ). Guests on an economic panel are Alice Rivlin, Douglas Holtz-Eakin, and Ron Brownstein.
The political, military industrial, corporate class in Washington DC continues to re-make our constitutional republic into a powerful, unaccountable military empire. Yesterday the U.S. Senate voted 93 to 7 to pass the National Defense Authorization Act (NDAA) for Fiscal Year 2012 which allows the military to operate domestically within the borders of the United States and to possibly (or most probably) detain U.S. citizens without trial. Forget that the ACLU called it “an historic threat to American citizens”, this bill is so dangerous not only to our rights but to our country’s security that it was criticized by the Directors of the FBI, the CIA, the National Intelligence Director and the U.S. Defense Secretary! For the first time in our history, if this Act is not vetoed, American citizens may not be guaranteed their Article III right to trial.
The government would be able to decide who gets an old fashioned trial (along with right to attorney and right against self-incrimination) and who gets detained without due process and put into a modern legal limbo. Does anyone remember that none of the first thousand people the FBI rounded up after 9-11, and which were imprisoned for several months (some brutalized) were ever charged with terrorism? Does anyone remember that hundreds of the Gitmo detainees who were handed over to their American military captors in exchange for monetary bounties were found, after years of imprisonment, to have no connection to terrorism?
Laura Flanders: Heat from the Arts on Mayor Mike Bloomberg
It was Glass war, not class war, at Lincoln Center Thursday night, and Glass won, composer Philip Glass. It should come as no surprise that the maestro of mesmeric repetition has a knack for the “human mic.”
Occupy Museums, a group of roughly two hundred OWS-inspired protesters showed up outside the last performance of Glass’s Satyagraha Thursday. Satyagraha the opera tells the story of M.K. Gandhi’s early struggle against colonialism and segregation in South Africa. “Satyagraha” the word means “truth force.” Said the protesters to the opera-goers: “Mic Check. Mic Check: Let’s tell the truth… let’s tell the truth. Join US!”
It’s a pretty elite OWS spin-off for sure, but there was a precise policy target. In their call to action, organizers pointed up the irony of Satyagraha being performed at Lincoln Center, where in recent weeks people have been arrested and forcibly removed when they attempted to protest colonization of the arts by .001 percenter David Koch. (One of the theaters now bears his name.)
George Zornick: Keystone XL Isn’t Dead Yet
This week, Republicans in Congress have launched two different attempts to resurrect the delayed, and possibly dead, Keystone XL pipeline. One was clearly a public relations stunt, but the other could present a much more serious problem for pipeline opponents.
Early in the week, leading Republicans gathered to promote a bill by Indiana Senator Richard Lugar that would direct President Obama to act within sixty days on Keystone XL. The administration’s current policy is to push back action until early 2013 as alternate routes are studied, but the Republicans called for an immediate decision: “If the administration would simply get out of the way and let it go forward, it would create jobs almost immediately. Lots of jobs,” said Senate minority leader Mitch McConnell. (This is not true, unless you have a very low bar for defining “lots.”)
Lugar’s bill has thirty-seven Republican co-sponsors, but isn’t really that dangerous-it won’t find enough Democratic support to pass the Senate. It’s really just a way to publicly whack Obama for delaying the project, not a viable attempt to get it going again.
Frank Bruni: And Now … Professor Gingrich
OF all the please-God-not-Mitt surges in the Republican contest, Newt Gingrich’s is the strangest.
And that’s not because of his marital mishaps. Or his lobbying that’s somehow magically something other than lobbying. Or his peevishness, comparable to that of an 18-month-old separated from the lollipop he snatched when Mommy’s back was turned.
It’s Gingrich’s braininess – or at least his preening assertion of such – that doesn’t quite fit, breaking the Republican pattern of late. How does an ostentatious know-it-all fare so well in a party supposedly hostile to intellectuals and intellectualism?
Dec 03 2011
Health and Fitness News
Welcome to the Stars Hollow Health and Fitness weekly diary. It will publish on Saturday afternoon and be open for discussion about health related issues including diet, exercise, health and health care issues, as well as, tips on what you can do when there is a medical emergency. Also an opportunity to share and exchange your favorite healthy recipes.
Questions are encouraged and I will answer to the best of my ability. If I can’t, I will try to steer you in the right direction. Naturally, I cannot give individual medical advice for personal health issues. I can give you information about medical conditions and the current treatments available.
You can now find past Health and Fitness News diaries here and on the right hand side of the Front Page.
I didn’t break the bank buying fresh fish. I looked in the freezer department, where there is often a better selection (depending on where you shop), and was able to find moderately priced varieties. Among them were albacore steaks, one of the few types of tuna that we can still enjoy with a clear conscience, and a great fish to eat if you’re trying to get more omega-3s into your diet, and farmed Arctic char, another fatty fish full of omega-3s. It’s pink like salmon, but meatier, and the taste is not as strong.
If you are concerned about the quantity of soy sauce, know that most of it stays behind in the bowl when you cook the fish. If you are using frozen albacore steaks, wait until they are partly thawed before marinating.
The cod that gets the Environmental Defense Fund’s highest rating is Pacific cod.
Make sure to cover this tightly so the fish doesn’t dry out. An hour seems like a long time to cook fish, but the fish is well insulated and won’t dry out.
This refreshing combination has Middle Eastern overtones, though in the Middle East the fish would probably be fried or poached. Serve it as a first course or as a light main dish.
Sea bass is the fish I always associate with fennel, as the combination is a classic in Provence. But cross the border into Italy and you’ll find tuna cooked with this anise-flavored vegetable.
Dec 03 2011
Punting the Pundits
“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.
Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.
New York Times Editorial: Been Down So Long …
The unemployment rate dropped to 8.6 percent in November from 9 percent in October in the jobs report released Friday. The economy added 120,000 jobs and job growth was revised upward in September and October.
That’s better than rising unemployment and falling payrolls. Yet, properly understood, the new figures reveal more about the depth of distress in the job market than about real improvement in job prospects.
Most of the decline in November’s unemployment rate was not because jobless people found new work. Rather, it is because 315,000 people dropped out of the work force, a reflection of extraordinarily weak demand by employers for new workers. It is also a sign of socioeconomic decline, of wasted resources and untapped potential, the human equivalent of boarded-up Main Streets and shuttered factories.
Charles M. Blow: Newt’s War on Poor Children
Newt Gingrich has reached a new low, and that is hard for him to do.
Nearly two weeks after claiming that child labor laws are “truly stupid” and implying that poor children should be put to work as janitors in their schools, he now claims that poor children don’t understand work unless they’re doing something illegal.
On Thursday, at a campaign stop in Iowa, the former House speaker said, “Start with the following two facts: Really poor children in really poor neighborhoods have no habits of working and have nobody around them who works. So they literally have no habit of showing up on Monday. They have no habit of staying all day. They have no habit of ‘I do this and you give me cash’ unless it’s illegal.” (His second “fact” was that every first generational person he knew started work early.)
This statement isn’t only cruel and, broadly speaking, incorrect, it’s mind-numbingly tone-deaf at a time when poverty is rising in this country. He comes across as a callous Dickensian character in his attitude toward America’s most vulnerable – our poor children. This is the kind of statement that shines light on the soul of a man and shows how dark it is.
Yesterday the shameful dinosaurs of the Senate – hopelessly out of touch with reality, for the most part, and haunted by specters of their own making – approved, by 93 votes to 7, the passage of the National Defense Authorization Act (PDF), which contains a number of astonishingly alarming provisions – Sections 1031 and 1032, designed to make mandatory the indefinite military detention of terror suspects until the end of hostilities in a “war on terror” that seems to have no end (if they are identified as a member of al-Qaeda or an alleged affiliate, or have planned or carried out an attack on the United States), ending a long and entirely appropriate tradition of trying terror suspects in federal court for their alleged crimes, and Sections 1033 and 1034, which seek to prevent the closure of Guantánamo by imposing onerous restrictions on the release of prisoners, and banning the use of funds to purchase an alternative prison anywhere else. I have previously remarked on these depressing developments in articles in July and October, as they have had a horribly long period of gestation, in which no one with a grip on reality – and admiration for the law – has been able to wipe them out.
Dan Froomkin: Suskind’s ‘Confidence Men’ Raises Questions About Obama’s Credibility
Barack Obama is heading back onto the campaign trail, running as a champion of the middle class and even hoping to harness the Occupy movement’s public anger at Wall Street.
But the higher he soars with his populist rhetoric, the more he calls attention to the enormous gap between the promise of hope and change that he campaigned on in 2008 and the actions he has taken as president — especially regarding the economy, which is still stagnating, and Wall Street, which remains unpunished and unbowed even after causing the biggest financial crisis since the Great Depression.
As a result, voters will inevitably be asking themselves: Who is this guy, really? Does he mean what he says? Will he do what he says? And would a second-term Obama be different?
Frida Berrigan: Ten Years of Guantanamo Demands Our Action and Our Outrage
In a world full of injustice-from battered women to clubbed seals to the Club of Europe, from neglected children to nuclear weapons to mountain top removal, from torture at Guantanamo to torture at Bagram to torture in Chicago’s prisons to the torture of the death penalty, from famine in Somalia to deforestation to families being broken by Arizona’s immigration laws-how do you choose what to work on?
Most people choose what affects them most personally, what they feel like they can change, what breaks their heart. Some people choose what seems most strategic: if this small thing changes here, it might move all these other things along in the right direction. Some people race from topic to topic to topic, needing to be everywhere and in the middle of everything. Some combo of the first and second stance seems like the right place to be, right?
David Sirota: Celebrating the End of Kids’ Wall Street Dreams
Amid fears of high youth unemployment creating a “lost generation,” there is suddenly a bright spot: Apparently, fewer young people are going to work in the industry that destroyed our economy.
That’s the word from The New York Times, which reports that since 2008, “the number of investment bank and brokerage firm employees between the ages 20 and 34 fell by 25 percent,” as banks have laid off young people and slowed college recruiting.
For young Wall Streeters, this is a bummer. But for society as a whole, it’s cause for celebration because it may finally allow America to counter the destructive Gordon Gekko-ization of youth culture.
Robert Naiman: War-Weary Republicans Rebuke Romney on Afghanistan
On Wednesday night, the Senate adopted by voice vote an amendment introduced by Oregon Democrat Jeff Merkley calling on President Obama to speed up U.S. military withdrawal from Afghanistan. This was a watershed event towards ending the war. The previous high water mark of Senators calling for expedited withdrawal was 27; the previous high water mark on a vote was 18. The vote is a green light from the Senate to the White House for a faster military withdrawal that would save many American and Afghan lives and (at least) many tens of billions of taxpayer dollars. [..]
The Senate vote – which saw John McCain standing alone in vocal opposition – is more evidence that on key issues of war and military spending, Mitt Romney, Newt Gingrich, John McCain, Lindsay Graham and Buck McKeon haven’t been speaking for Republicans generally. Big media should take note, and make more room on their playlists for Republicans like Rand Paul, Walter Jones, Justin Amash, Tim Johnson and Grover Norquist who want to turn a corner on a decade of endless war and unchecked military spending.
Recent Comments