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.

July 26 is the 207th day of the year (208th in leap years) in the Gregorian calendar. There are 158 days remaining until the end of the year.

On this day in 1775, the U.S. postal system is established by the Second Continental Congress, with Benjamin Franklin as its first postmaster general. Franklin (1706-1790) put in place the foundation for many aspects of today’s mail system. During early colonial times in the 1600s, few American colonists needed to send mail to each other; it was more likely that their correspondence was with letter writers in Britain. Mail deliveries from across the Atlantic were sporadic and could take many months to arrive. There were no post offices in the colonies, so mail was typically left at inns and taverns. In 1753, Benjamin Franklin, who had been postmaster of Philadelphia, became one of two joint postmasters general for the colonies. He made numerous improvements to the mail system, including setting up new, more efficient colonial routes and cutting delivery time in half between Philadelphia and New York by having the weekly mail wagon travel both day and night via relay teams. Franklin also debuted the first rate chart, which standardized delivery costs based on distance and weight. In 1774, the British fired Franklin from his postmaster job because of his revolutionary activities. However, the following year, he was appointed postmaster general of the United Colonies by the Continental Congress. Franklin held the job until late in 1776, when he was sent to France as a diplomat. He left a vastly improved mail system, with routes from Florida to Maine and regular service between the colonies and Britain. President George Washington appointed Samuel Osgood, a former Massachusetts congressman, as the first postmaster general of the American nation under the new U.S. constitution in 1789. At the time, there were approximately 75 post offices in the country

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In Part 6 of a series of interviews by Paul Jay of Real News Network, journalist and author, Chris Hedges discusses issues of corporate control, and “the grim realities” facing the economy and environment:

The more we create self-sustainable systems that are local, the more we sever ourselves from these corporate forces, the less we need them. And the less we need them-I mean, let’s remember that 70 percent of the U.S. economy is driven through consumption-the less we need them, the more we impoverish them. I mean, the goal has to be to break these corporate power, this entity that has seized control of our government, our systems of communication, our judiciary.

I mean, now we’re watching them eviscerate our systems of education. Anytime hedge fund managers walk into a city like Baltimore and propose charter schools, it’s not because they want to teach people to read and write. It’s because they know the federal government spends about $600 billion a year on education, and they want it, and they’re getting it.

So I think that building local centers that are self-sustaining and that can create forms of community that are not dependent on these corporate forces is a political act, because these corporate forces need us to continue to consume their products and rely on their services. And the less we consume and the less we are hostage, the less we need these forces, the more independent we become.

Now, that has to come with a kind of political consciousness, but I think they come hand-in-hand, that both things-I think that as people take control, once again, of their own lives, that will bring a kind of consciousness, because these corporate forces, especially if they begin to feel threatened, are going to see these acts as political acts and are going to move-as we have seen corporate farming move against organic farming, they are going to move to try and destroy these forces.

The auto industry Big Three were loyal only to shareholders, not the people of Detroit. The city was gutted by that social choice

Capitalism as a system ought to be judged by its failures as well as its successes.

The automobile-driven economic growth of the 1950s and 1960s made Detroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945). High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism’s ability to generate and sustain a large “middle class”, one that could include African Americans, too. Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern “American Dream”.

True, quality jobs in Detroit were forced from the automobile capitalists by long and hard union struggles, especially across the 1930s. Once defeated in those struggles, auto capitalists quickly arranged to rewrite the history so that good wages and working conditions became something they “gave” to their workers. In any case, Detroit became a vibrant, world-class city in the 1950s and 1960s; its distinctive culture and sound shaped the world’s music much as its cars shaped the world’s industries.

Over the past 40 years, capitalism turned that success into the abject failure culminating now in the largest municipal bankruptcy in US history.

Kicking off a series of speeches about the economy, President Obama told a crowd in Illinois on Wednesday that reversing growing inequality and rejuvenating the middle class “has to be Washington’s highest priority.” During his remarks, Obama failed to mention the bankruptcy filing by Detroit, where thousands of public workers are now fighting to protect their pensions and medical benefits as the city threatens massive cuts to overcome an estimated $18 billion in debt. Detroit’s bankruptcy “is an example of a failed economic system,” says economist Richard Wolff, professor emeritus of economics at University of Massachusetts

Conservatives want you to think high taxes drove people away. The real truth is much worse for their radical agenda

In the wake of Detroit’s bankruptcy, you may be wondering: How could anyone be surprised that a city so tied to manufacturing faces crippling problems in an era that has seen such an intense public policy assault on domestic American manufacturing? You may also be wondering: How could Michigan officials possibly talk about cutting the average $19,000-a-year pension benefit for municipal workers while reaffirming their pledge of $283 million in taxpayer money to a professional hockey stadium?

These are fair questions – and the answers to them can be found in the political mythology that distorts America’s economic policymaking.

As mythology goes, the specific story being crafted about Detroit’s bankruptcy is truly biblical – more specifically, just like the fact-free mythology around the Greek financial collapse, it is copied right from the chapter in the conservative movement’s bible about how to distort crises for maximum political effect.

Abdulelah Haider Shaye, imprisoned on charges of being an al-Qaida operative, reportedly had pardon revoked by US request

A Yemeni journalist who was kept in prison for years at the apparent request of the Obama administration has been released in the Yemeni capital of Sana’a, according to local reports.

Abdulelah Haider Shaye was imprisoned in 2010, after reporting that an attack on a suspected al-Qaida training camp in southern Yemen for which the Yemeni government claimed responsibility had actually been carried out by the United States. Shaye had visited the site and discovered pieces of cruise missiles and cluster bombs not found in Yemen’s arsenal, according to a Jeremy Scahill dispatch in the Nation. [..]

Jeremy Scahill blasted the Obama administration on Thursday for its opposition to the release of Yemeni journalist Abdulelah Haider Shaye from prison. [..]

Shaye was finally freed on Tuesday; the White House said it was “concerned and disappointed” about the release.

Speaking on “Democracy Now,” Scahill said that Shaye had been imprisoned “because he had the audacity to expose a U.S. cruise missile attack that killed three dozen women and children, and the United States had tried to cover it up.” He harshly criticized Obama for pressing for his continued imprisonment.

“My question for the White House would be you want to co-sign a dictator’s arrest of a journalist, beating of a journalist, and conviction in a court that every human rights organization in the world has said was a sham court?” he said. “That’s the side that the White House is on right now. Not on the side of press freedom around the world. They’re on the side of locking up journalists who have the audacity to actually be journalists.”

“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

New York Times Editorial Board: Realities in Global Treatment of H.I.V.

The World Health Organization recently issued aggressive new guidelines for treating people infected with H.I.V., the virus that causes AIDS. The guidelines are a welcome step forward but fall short of the treatment goals that could and should be set.

The missing ingredient is enough financing by international donors and many afflicted countries to make treatments widely available.

Currently, an estimated 34 million people around the world are infected with H.I.V., mostly in sub-Saharan Africa. About 9.7 million of them are being treated with antiviral drugs that can prolong their lives for decades. Some seven million more were eligible for the drugs under the previous guidelines but are not yet receiving them.

David Firestone: Boehner’s Hearing Problem

Does Speaker John Boehner speak the same language as the rest of Washington?

Last week, Ben Bernanke, the Federal Reserve chairman, told Congress that it was the biggest threat to economic growth in this country. And he wasn’t the least bit ambiguous about why: unnecessary austerity and dangerous threats to refuse to raise the debt ceiling. [..]

But Mr. Boehner apparently heard a different speech. Or perhaps a different Fed chairman. Or maybe, like so many Republicans, he has his news pre-digested for him by media outlets so that it comes out more to his taste.

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.

Click on images to enlarge

July 25 is the 206th day of the year (207th in leap years) in the Gregorian calendar. There are 159 days remaining until the end of the year.

On this day in 1788, Wolfgang Mozart completes his Symphony No. 40 in G minor.

The question of the Symphony’s premiere

There is no completely solid documentary evidence that the premiere of the 40th Symphony took place in Mozart’s lifetime. However, as Zaslaw (1983) points out, the circumstantial evidence that it was performed is very strong. On several occasions between the composition of the symphony and the composer’s death, symphony concerts were given featuring Mozart’s music, including concerts in which the program has survived, including a symphony, unidentified by date or key.

Most important is the fact that Mozart revised his symphony (the manuscripts of both versions still exist). As Zaslaw says, this “demonstrates that [the symphony] was performed, for Mozart would hardly have gone to the trouble of adding the clarinets and rewriting the flutes and oboes to accommodate them, had he not had a specific performance in view.” The orchestra for the 1791 Vienna concert included the clarinetist brothers Anton and Johann Stadler; which, as Zaslaw points out, limits the possibilities to just the 39th and 40th symphonies.

Zaslaw adds: “The version without clarinets must also have been performed, for the reorchestrated version of two passages in the slow movement, which exists in Mozart’s hand, must have resulted from his having heard the work and discovered an aspect needing improvement.”

Concerning the concerts for which the Symphony was originally (1788) intended, Otto Erich Deutsch suggests that Mozart was preparing to hold a series of three “Concerts in the Casino”, in a new casino in the Spiegelgasse owned by Philipp Otto. Mozart even sent a pair of tickets for this series to his friend Michael Puchberg. But it seems impossible to determine whether the concert series was held, or was cancelled for lack of interest. Zaslaw suggests that only the first of the three concerts was actually held.

In the New York Times late last week there was a report how Goldman Sachs is manipulating aluminum commodities that is costing American consumer billions of dollars. This is how it works:

The story of how this works begins in 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again.

This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange, an investigation by The New York Times has found. The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country. [..]

Only a tenth of a cent or so of an aluminum can’s purchase price can be traced back to the strategy. But multiply that amount by the 90 billion aluminum cans consumed in the United States each year – and add the tons of aluminum used in things like cars, electronics and house siding – and the efforts by Goldman and other financial players has cost American consumers more than $5 billion over the last three years, say former industry executives, analysts and consultants.

All In host Chris Hayes spoke with Sen. Sherrod Brown (D-OH) about the newly revealed practice by Goldman Sachs to skirt price regulations on a product we use every day-aluminum-costing American consumers billions of dollars and it ain’t just aluminum.

U.S. Weighs Inquiry Into Big Banks’ Storage of Commodities

by Gretchen Morgenson and David Kocieniewski, New York Times

The overarching question is whether banks should control the storage and shipment of commodities, and whether such activities could pose a risk to the nation’s financial system.

But other crucial issues are expected to arise as well. Among them is how Wall Street’s push into these markets has affected the prices paid by manufacturers and ultimately consumers. Another is whether Goldman and Morgan Stanley have operated their storage facilities at arms’ length from their banking business, as required by regulators.

Goldman has exploited industry pricing regulations set by the London Metal Exchange by shuffling tons of aluminum each day among the 27 warehouses it controls in the Detroit area, The Times reported on Sunday. The maneuver lengthens the storage time and generates millions a year in profit for Goldman, which charges rent to store the metal for customers, the investigation found. The C.F.T.C. issued the notices late last week, and it was unclear on Monday whether the agency or other authorities would open a full-fledged investigation into banks’ activities.

Senate Scrutiny of Potential Risk in Markets for Commodities

by Edward Wyat, New York Times

The hearing, convened by the Senate Financial Institutions and Consumer Protection subcommittee, came as Goldman Sachs, JPMorgan Chase and others face growing scrutiny over their role in the commodities markets and the extent to which their activities can inflate prices paid by manufacturers and consumers. The Federal Reserve is reviewing the potential risks posed by the operations, which have generated many billions of dollars in profits for the banks. [..]

Several witnesses at Tuesday’s hearings warned that letting the country’s largest financial institutions own commodities units that store and ship vast quantities of metals, oil and the other basic building blocks of the economy could pose grave risks to the financial system. The ability of those bank subsidiaries to gather nonpublic information on commodities stores and shipping also could give the banks an unfair advantage in the markets and cost consumers billions of dollars, the witnesses said.

Goldman Sachs isn’t alone in this game.

Not Just Goldman Sachs: Koch Industries Hoards Commodities as a Trading Strategy

by Lee Fang, The Nation

Worth noting: Koch Industries, a company often inaccurately described as simply an oil or manufacturing concern, is highly active in the commodity speculation business akin to the big hedge funds and banks like Goldman Sachs.

As Fortune magazine reported, when oil prices dropped from a record high in July of 2008 to record lows in December of that year, Koch bought up the cheap oil to take it off of the market. Koch leased a number of giant oil tankers, including the 2-million-barrel-capacity Dubai Titan, to store the oil offshore. The decrease in supply increased the price for consumers that year, while Koch took advantage of selling the oil off later at higher prices.

Koch Industries’ executive David Chang later boasted, “The drop in crude oil prices from more than US$145 per barrel in July 2008 to less than US$35 per barrel in December 2008 has presented opportunities for companies such as ours. In the physical business, purchases of crude oil from producers and storing offshore in tankers allow us to benefit from the contango market where crude prices are higher for future delivery than for prompt delivery.”

The company took advantage when the prices were low, but they also gained when the prices were high. A leaked document I obtained shows Koch among the largest traders (including Goldman Sachs and Morgan Stanley) speculating on the price of oil in the summer of 2008.

Elizabeth Warren Wants To Take This Goldman Sachs Aluminum Story And Run Right Over Wall Street With It

by Linette Lopez, Business Insider

Back in 2003 the Federal Reserve decided to temporarily allow banks to purchase commodities directly. That means oil, power, copper, aluminium etc. This September, that temporary regulatory relaxation is set to expire, and if it does, a big chunk of Wall Street’s business will expire with it.

And now that the ruling is up for discussion, Congress gets to weigh in. Wall Street be warned, if this hearing was any indication, the Senate is coming down on the side of culling the commodities business.

Warren decried the idea that banks would use “other people’s money” in pension and retirement savings “to pave the way for big banks to be able to control an electric plant or an oil refinery.” [..]

The witnesses didn’t just talk about prices either, they talked monopolies. Since her rise to prominence as a regulator and then a Senator, Warren has been saying that banks are getting too big, too interconnected, and too complicated. (Joshua) Rosner’s testimony corroborated that idea, and added to it the specter of  commodities controlling, allencompassing banking behemoths backstopped by the government (too big too fail).

It is more than past time to break up these banks and for the Federal Reserve to be more transparent in how it regulates the banks.

“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”.

Wednesday is Ladies’ Day.

Follow us on Twitter @StarsHollowGzt

Katrina vanden Heuvel: Helen Thomas’s Legacy

In his refreshing appearance at the 2006 White House Correspondents Association dinner, comedian Stephen Colbert showed a parody video in which he “auditioned” for the position of press secretary. In it, he refuses to answer a question from real-life White House correspondent Helen Thomas and spends the rest of the video trying to escape her dogged questioning.

It was a brilliant turn, not only for its skewering of a Washington press corps that was asleep while President George W. Bush took us to war in Iraq but for its implicit praise of the tenacious, shoe-leather reporting of Thomas, who died Saturday at the age of 92.

Born two weeks before women officially had the right to vote, Thomas broke glass ceiling after glass ceiling as a woman journalist, including by becoming the first female member of the White House Correspondents Association and the Gridiron Club. She fought, with characteristic perseverance, to join these organizations. It wasn’t because she saw being in the room as an end itself. Rather, she understood that she needed to have access to power in order to question that power.

Ruth Rosen: Why the Relentless Assault on Abortion Rights in the US?

Americans have grown more supportive of same -sex marriages, gun control, immigration reform and even taxes on the wealthiest individuals. Why, then, have the cultural and political wars over abortion accelerated?

Americans have become more liberal, despite the rise of the Tea Party and the election of some of their right-wing politicians.  Teenagers can now buy “morning after” emergency contraception pills without consulting a physician or a pharmacist. The Supreme Court recently struck down the Defense of Marriage Act, which prevented same-sex marriages. It also upheld the right of same-sex couples in California to wed. As of July 2013, there are now 13 states that permit same-sex marriages. Despite the gridlock caused by Republicans in Congress, more Americans than ever support gun control, immigration reform, same-sex marriage and taxes on the wealthiest individuals. This is why Democrats have won the popular vote in five of the last six presidential elections.

Why then, does state after state attempt to restrict women’s access to abortion?

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.

Click on images to enlarge

July 24 is the 205th day of the year (206th in leap years) in the Gregorian calendar. There are 160 days remaining until the end of the year.

On this day in 1911, Machu Picchu discovered

American archeologist Hiram Bingham gets his first look at Machu Picchu, an ancient Inca settlement in Peru that is now one of the world’s top tourist destinations.

Tucked away in the rocky countryside northwest of Cuzco, Machu Picchu is believed to have been a summer retreat for Inca leaders, whose civilization was virtually wiped out by Spanish invaders in the 16th century. For hundreds of years afterwards, its existence was a secret known only to the peasants living in the region. That all changed in the summer of 1911, when Bingham arrived with a small team of explorers to search for the famous “lost” cities of the Incas.

Traveling on foot and by mule, Bingham and his team made their way from Cuzco into the Urubamba Valley, where a local farmer told them of some ruins located at the top of a nearby mountain. The farmer called the mountain Machu Picchu, which meant “Old Peak” in the native Quechua language. The next day–July 24–after a tough climb to the mountain’s ridge in cold and drizzly weather, Bingham met a small group of peasants who showed him the rest of the way. Led by an 11-year-old boy, Bingham got his first glimpse of the intricate network of stone terraces marking the entrance to Machu Picchu.

Machu Picchu was built around 1450, at the height of the Inca Empire. It was abandoned just over 100 years later, in 1572, as a belated result of the Spanish Conquest. It is possible that most of its inhabitants died from smallpox introduced by travelers before the Spanish conquistadors arrived in the area. The latter had notes of a place called Piccho, although there is no record of the Spanish having visited the remote city. The types of sacred rocks defaced by the conquistadors in other locations are untouched at Machu Picchu.

Hiram Bingham theorized that the complex was the traditional birthplace of the Incan “Virgins of the Suns”. More recent research by scholars such as John Howland Rowe and Richard Burger, has convinced most archaeologists that Machu Picchu was an estate of the Inca emperor Pachacuti. In addition, Johan Reinhard presented evidence that the site was selected because of its position relative to sacred landscape features such as its mountains, which are purported to be in alignment with key astronomical events important to the Incas.

Johan Reinhard believes Machu Picchu to be a sacred religious site. This theory stands mainly because of where Machu Picchu is located. Reinhard calls it “sacred geography” because the site is built on and around mountains that hold high religious importance in the Inca culture and in the previous culture that occupied the land. At the highest point of the mountain in which Machu Picchu was named after, there are “artificial platforms [and] these had a religious function, as is clear from the Inca ritual offerings found buried under them” (Reinhard 2007). These platforms also are found in other Incan religious sites. The site’s other stone structures have finely worked stones with niches and, from what the “Spaniards wrote about Inca sites, we know that these (types of) building(s) were of ritual significance” (Reinhard 2007). This would be the most convincing evidence that Reinhard points out because this type of stylistic stonework is only found at the religious sites so it would be natural that they would exist at this religious site. Another theory maintains that Machu Picchu was an Inca llaqta, a settlement built to control the economy of conquered regions. Yet another asserts that it may have been built as a prison for a select few who had committed heinous crimes against Inca society. An alternative theory is that it is an agricultural testing station. Different types of crops could be tested in the many different micro-climates afforded by the location and the terraces; these were not large enough to grow food on a large scale, but may have been used to determine what could grow where. Another theory suggests that the city was built as an abode for the deities, or for the coronation of kings

Although the citadel is located only about 80 kilometers (50 miles) from Cusco, the Inca capital, the Spanish never found it and consequently did not plunder or destroy it, as they did many other sites. Over the centuries, the surrounding jungle grew over much of the site, and few outsiders knew of its existence.

In Part 5 of a series of interviews by Paul Jay of Real News Network, journalist and author, Chris Hedges discusses how the Democratic Party and the so-called Liberal Elite betrayed the people they said they would protect. He talks about how that changed with Bill Clinton and has gotten worse with Barack Obama.

“Barack Obama can get up and say all the right things, but in the end, you know, it’s Wall Street and the corporations that are pulling the strings on the puppets,” he says.  [..]

“When you have the figures like Obama who continue to speak in that traditional language of liberalism and yet cannot respond to chronic unemployment, underemployment, you know, foreclosures, bank repossessions, and everything else, and in fact are running a system where the assaults against the underclass are only getting worse, then what happens is there becomes a deep disdain for not only liberal ideology but traditional liberal institutions-you saw the same thing in Weimar-so that when there is an uprising, oftentimes people want nothing to do with not only liberal elites, but the supposed liberal values, quote unquote, that these elites were purportedly espousing,” Hedges says.

“And that is a very real danger,” he continues, “because when you have figures like Obama that present themselves as traditional liberals and yet are unable to be effective in terms of dealing with the suffering and the misery of the underclass, that-and this is what happened in Yugoslavia-that when things exploded, you vomited up these very frightening figures-Radovan Karadzic, Slobodan Milosevic, Franjo Tudman-in the same way that the breakdown in Weimar vomited up the Nazi Party. And that’s what frightens me, because we don’t have the movements, the populist movements on the left, and because we live in a system of political paralysis.”