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Negotiations 101: How To Get What You Want

I’ve sat in on many negotiations and I still do, one of the things that I learned immediately is that you always start out asking for the universe. In other words, everything you hope to get the other side to agree on even if you know they won’t. It’s kind of rule #1 for both sides of the table. There are some lessons that the Obama administration could take away from the recent fight over toll increases on the Hudson crossings and trains from New Jersey to New York are managed by the NY/NY Port Authority, which also manages the sea and air ports.

The Port Authority  announced less than a month ago that it would need to increase the tolls and fairs to cover future capital bulding and improvements. What the PA proposed was ginormous:

The increases would include a surcharge of $3 to increase the cash toll for using its bridges and tunnels from $8 to $15.

The authority also proposed raising tolls for autos using E-ZPass on the Port Authority’s crossings from $6 to $10 roundtrip for off-peak travel, and from $8 to $12 in peak hours. It said an additional $2 increase during peak and off-peak hours will be implemented in 2014.

The agency also proposed raising the fare for the PATH trains running from Lower Manhattan to New Jersey from $1.75 to $2.75 in 2011, with the average fare increasing to $2 from $1.30 given the steep 25 percent discount, which will be fully preserved. The 30-day unlimited pass will increase to $89 from $54

Both governors of New York and New Jersey, who must both approve any increases, objected, citing the lack of accountability of the PA and the burden of such increases on commuters and truckers. So what was the end result? After meetings involving the board of directors and the two governors representatives it was decided that the PA would get its increases just not the way they wanted them, in exchange for an audit:

Aug. 19 (Bloomberg) — The Port Authority of New York and New Jersey approved raising bridge and tunnel tolls over five years by 56 percent, or $4.50.

The authority board, whose 12 members are appointed by Governors Andrew Cuomo of New York and Chris Christie of New Jersey, voted unanimously today for a $1.50 toll increase effective next month for cars using E-ZPass during rush hour. Drivers paying cash will see the fee jump to $12 from $8.

Commuters on PATH trains will see one-way fares rise to $2 in September from the current $1.75, followed by additional 25- cent increases annually. The tolls apply to the George Washington Bridge, the Lincoln and Holland tunnels, and three bridges connecting New Jersey to Staten Island.

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The Port Authority also agreed to the governors’ call for an audit of its finances and to find cost reductions and increased efficiencies. New York Comptroller Thomas DiNapoli criticized the Port Authority’s spending on overtime earlier this week.

Now here’s the really painful part that is going to hurt New Yorkers the worst:

   Tolls on trucks using E-ZPass will pay an additional $2 per axle in September 2011, and then an additional $2 per axle in December of each year from 2012-’15.

   Tolls on trucks paying cash will have the same increase but will be subject to an additional $3 per axle cash penalty.

You know what that will do to the price goods coming in to the area? Look for everything to start to get real expensive.

One more little thing, so much for the promises of both governors not to raise taxes because this IS an increase in a tax on cars and trucks.

You should be either laughing or crying right about now but this is how it’s done. Ask for the ridiculous and just possibly you’ll get some of it.

So how does is this a lesson for the Obama administration? Simple, ask for the sublime and you can get the ridiculous but you have to stand your ground, and threaten even worse if you don’t get what you want.

On This Day In History August 21

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.

August 21 is the 233rd day of the year (234th in leap years) in the Gregorian calendar. There are 132 days remaining until the end of the year.

On this day in 1959, Hawaii became our 50th state. Hawaii is the only U.S. state made up entirely of islands. It occupies most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of Australia. Hawaii’s natural beauty, warm tropical climate, inviting waters and waves, and active volcanoes  make it a popular destination for tourists, surfers, biologists, and volcanologists alike. Due to its mid-Pacific location, Hawaii has many North American and Asian influences along with its own vibrant native culture. Hawaii has over a million permanent residents along with many visitors and U.S. military personnel. Its capital is Honolulu on the island of Oahu.

The state encompasses nearly the entire volcanic Hawaiian Island chain, which comprises hundreds of islands spread over 1,500 miles (2,400 km). At the southeastern end of the archipelago, the eight “main islands” are (from the northwest to southeast) Niihau, Kauai, Oahu, Molokai, Lanai, Kahoolawe, Maui, and Hawaii. The last is by far the largest and is often called “The Big Island” to avoid confusion with the state as a whole. The archipelago is physiographically and ethnologically part of the Polynesian subregion of Oceania.

The first known settlers of the Hawaiian Islands were Polynesian voyagers who arrived sometime in the eighth century. In the early 18th century, American traders came to Hawaii to exploit the islands’ sandalwood, which was much valued in China at the time. In the 1830s, the sugar industry was introduced to Hawaii and by the mid 19th century had become well established. American missionaries and planters brought about great changes in Hawaiian political, cultural, economic, and religious life. In 1840, a constitutional monarchy was established, stripping the Hawaiian monarch of much of his authority.

In 1893, a group of American expatriates and sugar planters supported by a division of U.S. Marines deposed Queen Liliuokalani, the last reigning monarch of Hawaii. One year later, the Republic of Hawaii was established as a U.S. protectorate with Hawaiian-born Sanford B. Dole as president. Many in Congress opposed the formal annexation of Hawaii, and it was not until 1898, following the use of the naval base at Pearl Harbor during the Spanish-American War, that Hawaii’s strategic importance became evident and formal annexation was approved. Two years later, Hawaii was organized into a formal U.S. territory. During World War II, Hawaii became firmly ensconced in the American national identity following the surprise Japanese attack on Pearl Harbor in December 1941.

Admission, or Statehood, Day is an official state holiday. It is the home state of President Barack Obama, the only President from that state and one of the most beautiful places I have ever visited. The pictures were the very hard to select. The second picture (above) is an aerial view of Diamond Head.

Diamond Head is a dormant volcanic cone on the island of Oahu. It is called Le’ahi by Hawaiians, most likely from lae ‘browridge, promontory’ plus ‘ahi ‘tuna’ because the shape of the ridgeline resembles the shape of a tuna’s dorsal fin. Its English name was given by British sailors in the 19th century, who mistook calcite crystals embedded in the rock for diamonds.

Then of course there are volcanoes at Hawaii Volcanoes National Park. The first picture on the left is the more famous of the volcanoes, Mauna Loa which is the largest volcano on Earth by volume and area and one of the five volcanoes in that form the islands.

Punting the Pundits: Sunday Preview Edition

Punting the Punditsis 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:

This Week with Christiane Amanpour: ABC News Senior White House Correspondent Jake Tapper is still hosting. He will have separate interviews with former Utah governor and U.S. Ambassador to China Jon Huntsman and top Obama campaign adviser David Axelrod.

The roundtable with George Will, political strategist Donna Brazile, Jeff Zeleny of the New York Times, Republican pollster Frank Luntz, and Liz Claman of FOX Business Network size up the economic outlook and the 2012 field.

Face the Nation with Bob Schieffer: Chief White House Correspondent Norah O’Donnell sits in for Bob Schieffer; she’ll talk to Sen. John McCain (R-AZ), economist Mark Zandi, plus a key voice from each party: former RNC Chair Ed Gillespie, & former DNC Chair Terry McAuliffe.

The Chris Matthews Show: This week’s guests, Katty Kay, BBC Washington Correspondent, John Heilemann, New York Magazine National Political Correspondent, Rick Stengel, TIME Managing Editor and Helene Cooper, The New York Times White House Correspondent, will discuss:

Is Perry like Reagan, the Westerner who can defeat the establishment Romney and in bad economic times, would Perry’s far right rhetoric get overlooked?

Meet the Press with David Gregory: Obama for America Campaign adviser, Robert Gibbs and former President Bush budget director, Indiana Gov. Mitch Daniels (R) are guests in separate interviews.

The roundtable with former Tennessee congressman, Harold Ford, Jr. (D); columnist for the Wall Street Journal Peggy Noonan; columnist for the Washington Post, E.J. Dionne; and host of CNBC’s Closing Bell, Maria Bartiromo, will discuss developments and analysis of the Republican field and the political landscape.

State of the Union with Candy Crowley: Obama campaign adviser David Axelrod sits down for another interview. Governors Bob McDonnell (R) of Virginia and Martin O’Malley (D) of Maryland, chairs of their party’s governors associations will discuss how they are handling the economic downturn in their states. Congressional Black Caucus member Rep. Elijah Cummings of Maryland discusses job in black communities. U.S. economic editor of The Economist Greg Ip and Editor of Thomson Reuters Digital Chrystia Freeland discuss the stock marker.

Eugene Robinson: Where’s the Syria Plan?

Washington – It’s hard to argue with President Obama’s call for Bashar al-Assad, the bloodthirsty Syrian dictator, to step down. But it’s also hard to discern any logic or consistency in the administration’s handling of the ongoing tumult in the Arab world.

It is obvious that Assad, like Libyan strongman Moammar Gaddafi, has no intention of surrendering power voluntarily. It is also clear that Assad’s savagery is a match for Gaddafi’s. Both used armored columns to put down peaceful protests. Both ordered assassinations and arrests. Both used naval vessels to shell cities that had become hotbeds of unrest.

So do we give Assad the Gaddafi treatment? Does Obama follow up his statement with a barrage of cruise missiles? Do we involve ourselves in yet another Middle Eastern war?

William Rivers Pitt: The Unacceptables

All you need is ignorance and confidence and the success is sure. ~ Mark Twain

And so begins again the Herculean task of wrapping my poor, abused mind around yet another crop of Faustian caricatures lined up to scrap and scrape for the Republican presidential nomination. They seem to get worse every year, but this time around, there are definitely a lot more bananas in the bunch.

Let’s see. We have Newt Gingrich, who pointedly continues to declare that he remains a viable candidate, despite having blown four tires and an engine immediately after leaving the starting line. We have Rick Santorum, whose name, when Googled, is given a whole new definition that appears at the top of the search engine list (presumably despite the best efforts of Mr. Santorum’s campaign and supporters). There is Ron Paul, whose much-ballyhooed libertarianism fails to encompass his desire to give the Federal government whole and complete control of a woman’s reproductive process.  There is Jon Huntsman, who seems like a fairly balanced guy (he has openly declared his belief in evolution and global warming), which means he is utterly doomed in the GOP primary chase. There’s Herman Cain, Gary Johnson, Thaddeus McCotter, and Buddy Roemer, too…and if you said “Who?” to any or all of those names, you’re far from alone.

Edward B. Barbier: Economics is Always the First Casualty of Politics

Both the past wild week of debt negotiations in Congress as well as the debt downgrade of the US by Standard & Poor represents once again the Barbier dictum: Economics is always the first casualty of politics.

In my opinion, the Obama Administration made a fundamental mistake earlier this year in not endorsing the Bowles-Simpson plan on deficit reduction that called for a combination of revenue increases, spending cuts and entitlement and tax reforms as the basis of a plan for deficit reduction over the medium term, while at the same time arguing that there is the need for continued government spending on selected infrastructure and investment opportunities in the short term while continuing to be in recession.  From the beginning of the 2008-9 recession, such short-term government spending needed to be supported by a number of economic incentives and policies to stimulate private sector investment, too.  However, as long as the US economy remains in a recession with lack of consumer or private investment spending, public sector spending in the short term is necessary.  But by adopting the Bowles-Simpson plan immediately, the Obama Administration would have signaled to the markets and the rating agencies that tackling US deficits and debt in the medium and long term, once economic recovery had started in earnest, would be the main priority.

Censored News: Tars Sand Protest at the White House

There was a protest in front of the White House today that got minimal coverage from the traditional media and its’ going to continue for the next two weeks. If you only get your news from the usual suspects, you would have missed any mention of it if you blinked. So what was the cause that over 65 people were willing to get arrested over? It was this, Keystone Pipeline Project. So what’s the fuss? The oil that will be pumped through this pipeline is the dirtiest oil in the world:

Alberta’s oil sands are America’s number one source of foreign oil The oil sands produce the world’s most harmful type of oil for the atmosphere, emitting high volumes of greenhouse gases during development, which contribute to global warming.

Oil sands and greenhouse gas pollution

   Oil Sands projects are the fastest growing source of greenhouse gas pollution in Canada.

   Production of oil from tar sands bitumen produces between 3 and 5 times the greenhouse gas pollution of conventional oil production.

   By 2015, the oil sands could emit more greenhouse gases than the nation of Denmark (pop. 5.4 million).

Oil sands extraction pollutes water

Oil sands extraction uses significant amounts of water (2-4.5 barrels per barrel of oil produced), which ends up in toxic tailings lagoons that have never been successfully reclaimed. An analysis using industry data estimated that these lagoons already leak over a billion gallons of contaminated water into the environment each year.

Oil sands production uses huge amounts of energy

The term “oil sands” or “tar sands” oil refers to thick oil called bitumen that is mixed in with sand, clay, and water. Intensive energy is required to process the sands into crude oil.

Oil sands operations currently use about 0.6 billion cubic feet of natural gas a day. By 2012, that level could rise to 2 billion cubic feet a day – more than the nominal capacity of the

proposed Mackenzie Gas Project. At the NWT-Alberta border, the Mackenzie Gas Pipeline would connect to a TransCanada pipeline, which would carry the gas onward to feed oil extraction in Alberta’s oil sands. The Mackenzie Gas Pipeline will likely fuel accelerated oil sands development, not provide fuel to heat homes in Canada and the U.S.

Who profits? Who else, the Koch brothers and other oil barons and perhaps even China.

Environmentalist Bill McKibben, the organizer of the Tar Sands Action two week protest, was among those who was arrested today but this will not end, as over 1500 have signed up to keep this going for the next two weeks and as expected he was along with Lt. Dan Choi, Jane Hamsher and Scarecrow of FDL. Jane attempted to livestream the protest but was arrested early on and her camera equipment was confiscated. It was apparently ladies first, how considerate.

Senator Bernie Sanders (I-VT) supports the protest and offers his support:

We can support the protests by writing the White House and representatives and sign the petition to Stop the Pipeline

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.

The Squashes of Summer

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Pan-Cooked Summer Squash With Tomatoes and Basil

This Provençal summer dish is delightful as a starter or as a side dish with fish, chicken or cooked grains.

Spicy Grilled Zucchini

This mildly spicy dish from southern Italy can serve as an appetizer or side. Cut the zucchini on the diagonal into long, thin slices, or cut it lengthwise.

Cumin-Scented Summer Squash Salad

The summer squash is lightly steamed in this North African salad.

Marinated Zucchini Salad

Raw zucchini can be a dull ingredient, but when it’s very thinly sliced it marinates beautifully, especially in lemon juice.

Shells With Summer Squash, Corn, Beans and Tomato

You can use canned beans for this dish, but if you happen to have cooked pintos or borlottis in broth, use the broth for the pasta sauce.

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: A Study in Judicial Dysfunction

Harsh state judicial campaigns financed by ever larger amounts of special interest money are eating away at public faith in judicial impartiality. There are few places where the spectacle is more shameful than Wisconsin, where over-the-top campaigning, self-interested rulings, and a complete breakdown of courthouse collegiality and ethics is destroying trust in its Supreme Court.

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Members of Wisconsin’s top court need to focus on restoring civility and public trust. For starters, they should scrap last year’s decision on campaign money in favor of strict disclosure requirements for lawyers and litigants. They should also adopt an appeals process for recusals, so the final decision is no longer left to the judge whose impartiality is being questioned. The court’s credibility, and justice in Wisconsin, are on the line.

Glen Ford: British Jealous of America’s Savage Police

In the wake of rebellions that spread to much of urban Britain, the ruling Conservative Party government is not only sounding like their racist American cousins, they were at least toying with the idea of importing William Bratton, the former police chief of New York, Los Angeles and Boston, to put the fear of the law into the U.K.’s darker residents. On first examination, it seems counterintuitive that anyone would look to the United States for role models in the criminal justice arena. The U.S. is by far the most violent among the wealthy nations of the world. Gangs are endemic, the U.S. is the drug marketplace of the planet. Guns are everywhere, both legal and illegal. It’s a scary place to live. What could the British possibly find to envy about America, when it comes to law and order?

The United States is the Great Gulag Nation, the planetary prison dungeon, home to 25 percent of its prison inmates. One out of every eight imprisoned persons in the world is a Black American….

Wait a minute! That’s got to be the allure to the white racists in Britain. They are jealous of the absolute savagery of the U.S. criminal justice system’s treatment of Black people. They look with awe on American cops like Bill Bratton whom, they imagine, would punish British Blacks in London, Birmingham, Liverpool and Manchester as he did it America’s big cities.

Kurt Andersen: Our Politics Are Sick

We have a tendency to elect presidents who seem like the antitheses of their immediate predecessors – randy young Kennedy the un-Eisenhower, earnest truth-telling Carter the un-Nixon, charismatic Reagan the un-Carter, randy young Clinton the un-H.W. Bush, cool and cerebral Obama the un-W.

So Rick Perry fits right into that winning contrapuntal pattern. He’s the very opposite of careful and sober and understated, in his first days as an official candidate suggesting President Obama maybe doesn’t love America (“Go ask him”) and that loose monetary policy is “treasonous.” (“Look, I’m just passionate about the issue,” he explained later about his anti-Federal Reserve outburst, before switching midsentence to first-person plural, “and we stand by what we said.”)

Yet the most troubling thing about Perry (and Michele Bachmann and so many more), what’s new and strange and epidemic in mainstream politics, is the degree to which people inhabit their own Manichaean make-believe worlds. They totally believe their vivid fictions.

Charles M Blow: Obama in the Valley

I have often thought that there must be an uncanny valley of politics, a point at which particular politicians rouse our discomfort because there’s something about them that people connect with, but there’s something else about them – intangible, unbelievable and not relatable – that produces a sense of unease.

It can be found in the “Artificial Intelligence” of Michele Bachmann and her pull-the-string-in-the-middle-of-my-back compulsion to repeat the same red-meat responses no matter the question. It’s the Buzz Lightyear-come-to-life bravado of Rick Perry, complete with delusions of grandeur and accomplishment. And it’s pretty much everything about the mechanical “I, Republican” Mitt Romney.

But one person I never thought would fall into this valley was Barack Obama, the charismatic candidate who electrified the electorate in 2008 and whom many saw as the fulfillment of the dream of the even-more-electrifying Rev. Dr. Martin Luther King Jr. Yet here Obama is, down in the valley, struggling to connect with the American people and failing, increasingly coming across as dispassionate to some and outright revolting to others.

John Nichols: Mitt Romney, Dark Prince of Oligarchy, Battles the Demons of Democracy

The gaffe-prone candidacies of Michele “Elvis” Bachmann and Rick “C’mon, Men, Let’s String Us Up Some Bernanke” Perry, and the slapstick non-candidacy of Sarah “Two If By Sea” Palin, are merely the cheap theater of an ill-defined Republican presidential race. The real drama of the 2012 race continues to come from the CEO party’s CEO candidate: Willard Mitt Romney.

It is Romney, the button-down professional who was born to the corporate class and remains its truest exemplar in the current contest, who framed the 2012 debate as starkly it ever will be with his sincere declaration that: “corporations are people.”

Romney gets it.

There’s a class war going on in America.

And the dark prince of oligarchy has taken a stand.

Tom Engelhardt: An Obituary for Change in Washington

hose first acts of that first shining full day in the Oval Office are now so forgotten, but on January 21, 2009, among other things, Barack Obama promised to return America to “the high moral ground,” and then signed a straightforward executive order “requiring that the Guantanamo Bay detention facility be closed within a year.”  It was an open-and-shut case, so to speak, part of what CNN called “a clean break from the Bush administration.”  On that same day, as part of that same break, the president signed an executive order and two presidential memoranda hailing a “new era of openness,” of sunshine and transparency in government.  As the president put it, “Every agency and department should know that this administration stands on the side not of those who seek to withhold information, but those who seek to make it known.”

Of course, nothing could have been more Bushian, if you were thinking about “clean breaks,” than America’s wars in the Greater Middle East. When it came to the Iraq War, at least, President Obama arrived in office with another goal and another promise that couldn’t have been more open and shut (or so his supporters thought), not just drawing down Bush’s disastrous war in Iraq, but “ending” it “responsibly.”  (Admittedly, he was also muttering quietly about “residual forces” there, but who noticed?)

Michael Winship: How Washington Could Create Jobs Right Now

The president will make a major speech on jobs shortly after Labor Day. According to the Associated Press, “It is likely to include tax cuts to help the middle class, a build-up-America construction program that goes beyond any infrastructure proposal Obama has had already, and targeted help for the particularly worrisome group of people who have remained unemployed for many months in a row.”

All good, but unfortunately, if the past is any indication, what President Obama proposes will not be as bold or far-reaching as many of the ideas presented above. It certainly won’t include my personal favorite, as suggested by Steve Benen at Washington Monthly’s “Political Animal” blog: “Have the White House take the several hundred letters GOP lawmakers have sent to the executive branch since 2009, asking for public investments, and let President Obama announce he’ll gladly fund all of the Republicans’ requests that have not yet been filled. This is especially important when it comes to infrastructure, a sector in which GOP members have pleaded for more investment in their areas…

“If these Republican lawmakers have identified worthwhile projects in need of government spending, which they themselves insist will boost the economy, why not start spending the money GOP officials want to see spent?”

Why not indeed? Alas, such an idea runs smack into more deficits: a deficit of irony among Republicans, certainly, but worse, a deficit of commitment and vision from a White House which until now at least, has been more focused on the pragmatic middle, despite a gainsaying opposition that yields nothing. Still, as Benen writes, “When Republicans say ‘no jobs, no way,’ at least the nation will be able to see where both parties stand, and then choose accordingly next year.” Amen.

Reality Check: The Economy Is Not Recovering

The pessimistic opinion of a looming second recession that has been expressed by economists who have gotten it right in the past is finally being recognized by the traditional media.

After a two-year rebound, recession risks rise

by Tom Petruno

The U.S. economy has officially been out of recession for two years, but fear of falling back into the abyss has dogged the recovery every step of the way.

Now, the prospect of recession no longer is a fringe view.

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The almost universal belief was that global growth would accelerate in the second half of the year. But that view has been fading fast this summer.

“We’re seeing a pattern of data that look very similar to what you see at a turning point in the economy,” said Michael Darda, chief economist at MKM Partners in Stamford, Conn. And he doesn’t mean a turning point to better times.

A key measure of U.S. consumer confidence has crashed to a 30-year low. Stock market volatility has become gut-wrenching. And prospects in the manufacturing sector, one of the few true bright spots of the recovery, have dimmed markedly.

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Of course, whether GDP growth contracts or is just slightly positive may feel exactly the same to many Americans, particularly the jobless, and to the country’s countless struggling small businesses.

The danger is that, if another recession becomes official, it could feed on itself as consumers and businesses that might otherwise have spent money decide not to, opting instead to hoard more cash.

“It can be a self-fulfilling phenomenon when households and businesses just stop in their tracks,” (MKM Partners chief economists, Michael) Darda said.

Dangerously Close to Recession

By Joachim Fels & Manoj Pradhan

US and Europe dangerously close to recession: Our revised forecasts show the US and the euro area hovering dangerously close to a recession – defined as two consecutive quarters of contraction – over the next 6-12 months. The US growth disappointment in 1H11, when GDP advanced by an annual average rate of less than 1%, illustrates the brittleness of the US recovery in the face of external shocks (oil, Japan earthquake), despite ongoing QE2 and fiscal stimulus at the time. While the current quarter should still show some rebound in growth to around 3% from the very low bar in 1H, much of this rebound is likely due to temporary factors such as the ramping up of auto production as supply disruptions from the Japan situation ease. The most critical period for the US economy will likely be 4Q11, when we may see some fallout from the heightened volatility of risk markets, and 1Q12, when we get an automatic tightening fiscal policy if, as our US team currently assumes, this year’s fiscal stimulus measures will expire.

This from the economist who predicted the 1st recession before anyone else and was booed off the stage:

Roubini: Risks of global recession are greater than 50%

“In dealing with large debt, there should be a cutback on costs in both the public and private sectors, an attempt reduce overtime and adding to savings. Also, to avoid a second recession, banking requires more relaxed policies “says Roubini.

“There is too much debt, both in the government and in the private sector. The debt cannot be reduces except by saving, by strong economic growth or through the dangerous method of inflation, says Roubini. But if population and companies consumption do not restart, then you risk to remain in recession. ”

“Business does not help the economy, because there are risks. They aren’t investing because there is excess capacity,they are not hiring because there is insufficient demand. Here is the paradox. If you do not hire workers, there isn’t enough money for workers’ income, there isn’t enough consumer confidence and consumption is insufficient, “says Roubini.

To most Americans we never got out of the first recession as Atrios points out the linger unemployment rate at 9% is unacceptable:

The point is we never got out of the last recession, and whether GDP growth is barely positive or barely negative doesn’t matter all that much.

Cutting the Payroll tax again will not substantial increase the GDP or create jobs. It will hurt the Social Security fund by reducing the payroll contributions. Creating jobs that will rebuild and improve roads, schools and other crumbling infrastructure will. If private industry won’t do it, then the government must.

On This Day In History August 20

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.

August 20 is the 232nd day of the year (233rd in leap years) in the Gregorian calendar. There are 133 days remaining until the end of the year.

On this day in 1911, the first around-the-world telegram sent, 66 years before Voyager II launch

On this day in 1911, a dispatcher in the New York Times office sends the first telegram around the world via commercial service. Exactly 66 years later, the National Aeronautics and Space Administration (NASA) sends a different kind of message–a phonograph record containing information about Earth for extraterrestrial beings–shooting into space aboard the unmanned spacecraft Voyager II.

The Times decided to send its 1911 telegram in order to determine how fast a commercial message could be sent around the world by telegraph cable. The message, reading simply “This message sent around the world,” left the dispatch room on the 17th floor of the Times building in New York at 7 p.m. on August 20. After it traveled more than 28,000 miles, being relayed by 16 different operators, through San Francisco, the Philippines, Hong Kong, Saigon, Singapore, Bombay, Malta, Lisbon and the Azores–among other locations–the reply was received by the same operator 16.5 minutes later. It was the fastest time achieved by a commercial cablegram since the opening of the Pacific cable in 1900 by the Commercial Cable Company.

The Voyager 2 spacecraft is an unmanned interplanetary space probe launched on August 20, 1977. Both the Voyager 2 and the Voyager 1 space probes were designed, developed, and built at the Jet Propulsion Laboratory near Pasadena, California. Identical in form and instruments with its sister Voyager program craft Voyager 1, Voyager 2 was launched on a slower, more curved trajectory that allowed it to be kept in the plane of the Ecliptic (the plane of the Solar System) so that it could be sent on to Uranus and Neptune by means of utilizing gravity assists during its fly-by of Saturn in 1981 and of Uranus in 1986. Because of this chosen trajectory, Voyager 2 could not take a close-up look at the large Saturnian moon Titan as its sister space probe had. However, Voyager 2 did become the first and only spacecraft to make the spaceflight by Uranus and Neptune, and hence completing the Planetary Grand Tour. This is one that is made practical by a seldom-occurring geometric alignment of the outer planets (happening once every 175 years).

The Voyager 2 space probe has made the most productive unmanned space voyage so far, visiting all four of the Outer Planets and their systems of moons and rings, including the first two visits to previously unexplored Uranus and Neptune. Voyager 2 had two sensitive vidicon cameras and an assortment of other scientific instruments to make measurements in the ultraviolet, infrared, and radio wavelengths, as well as ones to measure subatomic particles in outer space, including cosmic rays. All of this was accomplished at a fraction of the amount of money that was later spent on more advanced and specialized space probes Galileo and Cassini-Huygens. Along with the earlier NASA Pioneer 10 and Pioneer 11, sister probe Voyager 1, and the more recent New Horizons, Voyager 2 is an interstellar probe in that all five of these are on one-way trajectories leaving the Solar System.

Countdown with Keith Olbermann: Worst Persons 8.18.11

And the Bronze goes to Ray Sandoval, the New Mexico director for OFA (Organizing for America aka Obama for America) for sending out an e-mail to supporters urging them to read the pejorative laced blog post of a so-called 28 year old “activist” that bashed the left and Nobel Prize winning New York Times columnist Paul Krugman. Keith eviscerates the blog post for using 9/11 in reference to our economic woes and points out the Obama will not get reelected without us on the “Firebagger Lefty blogosphere”. So maybe they should STFU.

Just a word on Sen. Tom Coburn. Sen. Coburn is not only an embarrassment to our great democracy but as a physician. Thank you, Keith, excellent choices.

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: A Success Story as Big as Texas? Actually, That’s a Myth

Texas has been adding jobs faster than the rest of the nation, a fact that has become especially notable in the past couple of years – I recently saw it referred to as the Texas “jobs juggernaut” – as overall job growth has been so poor.

But what’s the story here? Oddly, it’s rare to see anyone in this debate talking in terms of models – that is, the kind of stylized, simplified, but internally consistent stories (not necessarily mathematical) that are what economic analysis is all about. So let me try to fill that gap by offering three informal models of what might be going on in Texas.

In each of these stories, I imagine, to clarify things, an initial state in which America is divided into two identical regions; call them Texas and New York. Each of these regions has a labor force that lives in houses; I ignore other factors of production, except that I assume that building houses requires land, which is in limited supply. And we assume that initially everything is in equilibrium: wages and the cost of housing are the same in both regions.

Robert Reich: The President’s Bold Jobs Bill (Maybe)

The President is sounding like a fighter these days. He even says he’ll be proposing a jobs bill in September – and if Republicans don’t go along he’ll fight for it through Election Day (or beyond).

That’s a start. But read the small print and all he’s talked about so far is extending the payroll tax cut and unemployment benefits (good, but small potatoes), ratifying the Columbia and South Korea free trade agreements (not necessarily a job-creating move), and creating an infrastructure bank.

An infrastructure bank might be helpful, depending on its size.

Which is the real question hovering over the entire putative jobs bill – its size.

New York Times Editorial: The Wrong Idea

Stocks on Wall Street dropped sharply on Thursday, with investors spooked, again, about the euro-zone debt crisis and the sputtering United States economy.

Stocks on Wall Street dropped sharply on Thursday, with investors spooked, again, about the euro-zone debt crisis and the sputtering United States economy.

Yet, even at this hour, leaders on both sides of the Atlantic seem determined to handcuff fiscal policies – the main tools that can increase jobs, consumer demand and economic growth – with an unquestioning devotion to rigid austerity.

Europe’s post-2008 economic problems have differed from America’s in many important ways. Washington has mercifully never had to cope with the problem of a dollar torn apart by the separate taxing and spending policies of 17 sovereign governments.

Joe Conason: What Obama Should Learn From Wisconsin What Obama Should Learn From Wisconsin

With Wisconsin’s epic state Senate recall battle now over, the results carry a clear message that ought to resonate all the way to Washington-and especially the Obama White House. The essence of politics in America today, for Democrats at least, is to understand and communicate the political nature of the opposition.

Having suffered a bad beating last November, the Wisconsin Democrats and their allies have succeeded in building a strong movement that fights back explicitly against the right-wing policies of Gov. Scott Walker’s Republican Party.

Last week, they won two out of six recall campaigns mounted against GOP state senators, which was widely interpreted as a defeat or at best a draw. But on Tuesday, they won all three recall efforts against Democrats, giving them an overall series victory, and cutting deeply into perceived support for the Walker agenda.

Kristina Kallas and Akila Radhakrishnan: Why is the US Waging War on Women Raped in War?

Mandatory sonograms, forced lectures by doctors, humiliating permission slips from abusive husbands, paternalistic opinions from Supreme Court Justice Kennedy, uneducated and patently stupid soundbites from Tea Partiers. That’s not the worst. In this newest wave of the war on women, let’s not forget the U.S. government’s abortion policies toward women in war.

Rape is systematically being used as a weapon of war in conflicts worldwide. During the Rwandan genocide it is estimated that between 250,000 and 500,000 women were raped in 100 days and that approximately 20,000 children were born as a result of rape. Recent reports from Burma indicate that Burmese soldiers have orders to rape women. 387 civilians were raped in Walikale, North Kivu in the Democratic Republic of Congo (DRC) in a 4 day period last year. In 2008 alone, the U.N. Population Fund recorded 16,000 cases of rape in DRC, two-thirds of them adolescent girls and other children, in an area where rape is vastly underreported. Imagine what the real numbers are.

Daniel Greenwood: Cutting Out the Social Safety Net Is No Sign of Bravery

In today’s New York Times, Helene Cooper wrote a news analysis advocating that President Obama slash Medicare and Social Security even though it might cost him reelection. The reporter, however, offers no reason to think that reneging on the basic commitment citizens must have to one another would make anything better. In reality, damaging our basic contract might be highly profitable to Wall Street financiers (who hope to charge commissions for managing retirement funds that Social Security now manages for far less), hedge-fund managers (who can profit as easily by betting against the American economy as by betting for it), and insurance companies (which will profit from increasingly bloated medical costs until the cost of care gets so high that no one can afford it). But cutting back on the basic guarantees we offer citizens, like cutting back on the other essential governmental services that make successful economies possible, will only make our jobs crisis worse.

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