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Aug 25 2012
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”.
Follow us on Twitter @StarsHollowGzt
Gail Collins: Arms and the Duck
We had a shooting near the Empire State Building. An aggrieved ex-employee of an apparel company killed his former co-worker, and was himself killed by police. Except for the famous-landmark location, it was not actually a very big story. Remember the mass shooting at the lumberyard in North Carolina earlier this year, or the one last October at the California cement plant? No? Neither does anybody else except the grieving families.
Nine passers-by were also wounded, and it seems almost certain that some or all were accidentally hit by the police. This isn’t surprising; it’s only in movies that people are good shots during a violent encounter. In 2008, Al Baker reported in The Times that the accuracy rate for New York City officers firing in the line of duty was 34 percent.
And these are people trained for this kind of crisis. The moral is that if a lunatic starts shooting, you will not be made safer if your fellow average citizens are carrying concealed weapons.
Sahar Aziz: Creeping Counterterrorism: From Muslims to Political Protesters
Few Americans are surprised to hear that 9/11 shifted our domestic terrorism focus from neo-Nazis and white supremacists to Muslims in America. What may come as a surprise, however, is the pervasive use of anti-terrorism powers against non-Muslims as well, including white middle-class protesters – as we saw in the Occupy movement.
The 9/11 terrorists’ warped misinterpretation of Islam triggered a maelstrom of expanded national security powers selectively enforced against American Muslims en masse. Mosques are infiltrated with dubious and highly paid informants, thereby chilling religious freedom. Mentally unstable young Muslim men are targets of overzealous counterterrorism sting operations, and Muslim student associations are under mass surveillance for no apparent reason other than the religious identity of their members. Despite the serious civil liberties implications of such selective enforcement, it has occurred with minimal opposition by the American public.
Our shortsighted forfeiture of civil liberties based on fears of the “Muslim other” now equips our government to quash political dissent.
On Thursday, Mitt Romney unveiled the latest in a series of bad ideas for taking government duties out of Washington and hiding them in the back rooms of state capitols. Mostly, Mr. Romney wants to allow states to quietly smother social programs the federal government has run for decades. In the case of his new energy policy, he wants to give states power to bypass Washington’s caution in burrowing for oil, gas and coal on federal lands.
States, he said, could accelerate the permitting process for energy extraction, resulting in far more production than Washington has allowed. That’s probably true because many states have traditionally been poor stewards of their resources. They are far more captive than the federal government to the energy and timber interests that have long pressed for this concession and have far less oversight by government inspectors and journalists.
No state, on its own, has an interest in preventing global climate change or reducing energy imports for strategic reasons. Those are national issues that need to be closely supervised by a government with broader interests than competing with the next state for oil leases. Bypassing those controls, which frustrates Mr. Romney and his generous supporters in the energy industry, are at the heart of his new energy policy.
Robert Reich: Romney’s Lying Machine
I’ve been struck by the baldness of Romney’s repetitive lies about Obama — that Obama ended the work requirement under welfare, for example, or that Obama’s Affordable Care Act cuts $716 billion from Medicare benefits.
The mainstream media along with a half-dozen independent fact-checking organizations and sites have called Romney on these whoppers, but to no avail. He keeps making these assertions.
Every campaign is guilty of exaggerations, embellishments, distortions, and half-truths. But this is another thing altogether. I’ve been directly involved in seven presidential campaigns, and I don’t recall a presidential candidate lying with such audacity, over and over again. Why does he do it, and how can he get away with it?
Richard (RJ) Escow: Banker Bill Harrison’s Bogus Brief for (Broken) Big Banks
Every day we rise and tell ourselves this will be a good day, free of that unique combination of predation, self-pity, mediocrity and disingenousness which characterizes the modern bank executive. And every day somebody proves us wrong.
Today it’s William B. “Bill” Harrison, Jr., the retired banker who engineered the mega-merger which created JPMorgan Chase. That means the capstone of Harrison’s career was the creation of an institution that has repeatedly broken the law, deceived its customers foreclosed on homeowners with a motley crew of college-aged temps known as “the Burger King kids,” received billions in public assistance …
… and still underperformed the Dow Jones average, dropping in stock value to $37.23 (Thursday’s closing price) from around $53 per share when it was created by Harrison in 2000.1 You’d have been better off buying Treasuries.
If that’s your idea of a stellar resume, you will no doubt read Harrison’s defense of mega-banks in the New York Times with great anticipation, an emotion which will be followed promptly thereafter by profound disappointment. Harrison’s apologia is as mediocre in its conception, as deceptive in its packaging, as vacant in its morality and as unimpressive in its execution as JPMorgan Chase itself.
And believe me, that’s saying something.
Eugene Robinson: For GOP, Storm Has Already Gathered
The uninvited participation of a hurricane at next week’s Republican convention would be superfluous. Buffeted by powerful internal winds, the party may be flooded with cash, but it’s already kind of a debris-strewn mess.
Who would have imagined that Topic A, in the days before GOP delegates gather in Tampa, would be abortion? Certainly the thought never crossed the minds of the convention planners who intended this four-day infomercial to be a nonstop indictment of President Obama’s performance on the economy. But the old line about the relationship between the political parties and their candidates-“Democrats fall in love, Republicans fall in line”-is so last century. [..]
But why does the Republican Party seek power? What does it really stand for? What does it hope to accomplish? What kind of America does it envision?
Keep an eye on that storm track as Isaac plows toward Florida. Maybe the elusive answers to those questions are blowin’ in the wind.
Aug 25 2012
On This Day In History August 25
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 25 is the 237th day of the year (238th in leap years) in the Gregorian calendar. There are 128 days remaining until the end of the year.
On this day in 1768, James Cook began his first voyage to travel to the Pacific Ocean to observe and record the transit of Venus across the Sun. This would be the first of three voyages that would be hailed as heroic by the scientific community.
The routes of Captain James Cook’s voyages. The first voyage is shown in red, second voyage in green, and third voyage in blue. The route of Cook’s crew following his death is shown as a dashed blue line.
In 1766, the Royal Society hired (James) Cook to travel to the Pacific Ocean to observe and record the transit of Venus across the Sun. Cook was promoted to Lieutenant and named as commander of the expedition. The expedition sailed from England in 1768, rounded Cape Horn and continued westward across the Pacific to arrive at Tahiti on 13 April 1769, where the observations were to be made. However, the result of the observations was not as conclusive or accurate as had been hoped. Cook later mapped the complete New Zealand coastline, making only some minor errors. He then sailed west, reaching the south-eastern coast of the Australian continent on 19 April 1770, and in doing so his expedition became the first recorded Europeans to have encountered its eastern coastline.
On 23 April he made his first recorded direct observation of indigenous Australians at Brush Island near Bawley Point, noting in his journal: “…and were so near the Shore as to distinguish several people upon the Sea beach they appear’d to be of a very dark or black Colour but whether this was the real colour of their skins or the C[l]othes they might have on I know not.” On 29 April Cook and crew made their first landfall on the mainland of the continent at a place now known as the Kurnell Peninsula, which he named Botany Bay after the unique specimens retrieved by the botanists Joseph Banks and Daniel Solander. It is here that James Cook made first contact with an Aboriginal tribe known as the Gweagal.
After his departure from Botany Bay he continued northwards, and a mishap occurred when Endeavour ran aground on a shoal of the Great Barrier Reef, on 11 June, and “nursed into a river mouth on 18 June 1770.” The ship was badly damaged and his voyage was delayed almost seven weeks while repairs were carried out on the beach (near the docks of modern Cooktown, at the mouth of the Endeavour River). Once repairs were complete the voyage continued, sailing through Torres Strait and on 22 August he landed on Possession Island, where he claimed the entire coastline he had just explored as British territory. He returned to England via Batavia (modern Jakarta, Indonesia), the Cape of Good Hope and the island of Saint Helena, arriving on 12 July 1771.
Aug 25 2012
Blowing in the Stellar Wind
Stellar Wind is the open secret code name for certain information collection activities performed by the United States’ National Security Agency and revealed by Thomas M. Tamm to New York Times reporters James Risen and Eric Lichtblau. The operation was approved by President George W. Bush shortly after the September 11 attacks in 2001.
The program’s activities involve data mining of a large database of the communications of American citizens, including e-mail communications, phone conversations, financial transactions, and Internet activity.
There were internal disputes within the Justice Department about the legality of the program, because data is collected for large numbers of people, not just the subjects of Foreign Intelligence Surveillance Act (FISA) warrants. In March 2004, the Justice Department under Attorney General John Ashcroft ruled that the program was illegal. The day after the ruling, Ashcroft became critically ill with acute pancreatitis. President Bush sent White House counsel Alberto Gonzales and Chief of Staff Andrew Card Jr. to Ashcroft’s hospital bed, where Ashcroft lay semiconscious, to request that he sign a document reversing the Justice Department’s ruling. However, Ashcroft was incapable of signing the document. Bush then reauthorized the operation, over formal Justice Department objections. Federal Bureau of Investigation (FBI) director Robert Mueller, Acting Attorney General James Comey, and many prominent members of the Justice Department were prepared to resign over the matter. Valerie Caproni the FBI general counsel, said, “From my perspective, there was a very real likelihood of a collapse of government.” Bush subsequently reversed the authorization.
During the Bush Administration, the Stellar Wind cases were referred to by FBI agents as “pizza cases” because many seemingly suspicious cases turned out to be food takeout orders. Approximately 99 percent of the cases led nowhere, but 1 percent bore fruit. One of the known uses of this data was the creation of suspicious activity reports, or “SARS”, about people suspected of terrorist activities. It was one of these reports that revealed former NY governor Elliot Spitzer‘s use of prostitutes, even though he was not suspected of terrorist activities.
In March 2012 Wired Magazine published “The NSA Is Building the Country’s Biggest Spy Center (Watch What You Say)” talking about a new NSA facility and says “For the first time, a former NSA official has gone on the record to describe the program, codenamed Stellar Wind, in detail.” Naming the official William Binney a former NSA code breaker. Binney goes on to say that the NSA has highly secured rooms that tap into major switches, and satellite communications at AT&T and Verizon both. [4] The article suggests that the otherwise dispatched Stellar Wind is actually an active program.
by Laura Poitras
To those who understand state surveillance as an abstraction, I will try to describe a little about how it has affected me. The United States apparently placed me on a “watch-list” in 2006 after I completed a film about the Iraq war. I have been detained at the border more than 40 times. Once, in 2011, when I was stopped at John F. Kennedy International Airport in New York and asserted my First Amendment right not to answer questions about my work, the border agent replied, “If you don’t answer our questions, we’ll find our answers on your electronics.”‘ As a filmmaker and journalist entrusted to protect the people who share information with me, it is becoming increasingly difficult for me to work in the United States. Although I take every effort to secure my material, I know the N.S.A. has technical abilities that are nearly impossible to defend against if you are targeted.
The 2008 amendments to the Foreign Intelligence Surveillance Act, which oversees the N.S.A. activities, are up for renewal in December. Two members of the Senate Select Committee on Intelligence, Senators Ron Wyden of Oregon and Mark Udall of Colorado, both Democrats, are trying to revise the amendments to insure greater privacy protections. They have been warning about “secret interpretations” of laws and backdoor “loopholes” that allow the government to collect our private communications. Thirteen senators have signed a letter expressing concern about a “loophole” in the law that permits the collection of United States data. The A.C.L.U. and other groups have also challenged the constitutionality of the law, and the Supreme Court will hear arguments in that case on Oct. 29.
Laura Poitras is a documentary filmmaker who has been nominated for an Academy Award and whose work was exhibited in the 2012 Whitney Biennial. She is working on a trilogy of films about post-9/11 America. This Op-Doc is adapted from a work in progress to be released in 2013.
This video is part of a series by independent filmmakers who have received grants from the BRITDOC Foundation and the Sundance Institute.
Who is watching the NSA?
by Shane Harris
IN March 2002, John M. Poindexter, a former national security adviser to President Ronald Reagan, sat down with Gen. Michael V. Hayden, the director of the National Security Agency. Mr. Poindexter sketched out a new Pentagon program called Total Information Awareness, that proposed to scan the world’s electronic information – including phone calls, e-mails and financial and travel records – looking for transactions associated with terrorist plots. The N.S.A., the government’s chief eavesdropper, routinely collected and analyzed such signals, so Mr. Poindexter thought the agency was an obvious place to test his ideas.
He never had much of a chance. When T.I.A.’s existence became public, it was denounced as the height of post-9/11 excess and ridiculed for its creepy name. Mr. Poindexter’s notorious role in the Iran-contra affair became a central focus of the debate. He resigned from government, and T.I.A. was dismantled in 2003.
But what Mr. Poindexter didn’t know was that the N.S.A. was already pursuing its own version of the program, and on a scale that he had only imagined. A decade later, the legacy of T.I.A. is quietly thriving at the N.S.A. It is more pervasive than most people think, and it operates with little accountability or restraint. [..]
Senator Ron Wyden (D-OR) and Mark Udall (D-CO) asked the NSA a simple question: how many persons inside the United States have been spied upon by the NSA? I. Charles McCullough, the Inspector General of the Office of the Director of National Intelligence, answer was that to answer that question would violate the privacy of citizens. In other words, they probably don’t know.
In July, in response to a request from Sen. Wyden, IG McCullough declassified three statements “one of which indicated that the FISA court agreed with Wyden that the government had “circumvented the spirit of the law.” Even the Wall Street Journal reported that this “represented the first time the government has acknowledged U.S. spy activities violated the Constitution since the passage of” the Amendments Act in 2008.
Whistleblowers like Mr. Binney, Thomas Drake, as well as, journalists like Ms. Poitras and James Risen put their reputations, freedom and lives on the line to warn us about the unregulated, unmonitored surveillance of the NSA. No one is watching the NSA but they are watching us.
Aug 24 2012
Tribal Allegiance in Economics
I found this informative discussion at naked capitalism. It’s in two parts with links that are educational, especially for those of us who have a minimal understanding of economics. The first article by Michael Hoexter of New Economic Perspectives is prefaced by Yves Smith:
The discussion of tribal allegiances in economics in this post helps illustrate why it is so difficult to push back against failed ideas when they are dear to the mainstream. It is also a useful ethnographic guide.
I drafted the “Mixed Economy Manifesto” as one attempt to create a common basis for anti-austerity economists and non-economists to argue against, in the clearest terms possible, the waves of government spending cutbacks that are advocated by misguided elites, by the right-wing and by right-leaning neoclassical economists. The 87 “theses” listed at the end of the Manifesto enumerated empirically and logically sound propositions about the economy as it now exists with its mixture of government and private institutions that can under many circumstances productively interact with each other. (I may attempt or others may attempt to expand the arbitrarily numbered 87 to 95 theses which would then be suitable for nailing on doors.) The Mixed Economy Manifesto also contained many statements that would appeal to Left Neo-classicals or New Keynesian economists, while maintaining a basis in what I perceive to be the more realistic ideas about the economy that have been put forward by post-Keynesians, MMTers, and the institutionalist tradition, including Thorsten Veblen and John Kenneth Galbraith.
As it stands, the world appears to be heading into a policy-induced exacerbation of the ongoing Second Great Depression that may pale in comparison to the policy mistakes of 1937 in the US, when President Roosevelt listened too much to the hard-money ideologues of his day and cut spending only to weaken the ongoing recovery from the Depression of the 1930’s. It would seem to make sense to create an alliance of as many intellectual and political tendencies as possible against a repeat of these mistakes. One major problem is that the public is largely unaware that there is a choice, so has not yet joined the struggle, except in countries like Greece and Spain where austerity is now in full force.
Another major problem in creating such an alliance is that there are significant intellectual and institutional divisions among those economists who endorse counter-cyclical spending by government and/or mobilizing the resources of government to help the unemployed and the marginally employed. These economists disagree with each other about fundamental issues and, if listened to by the public closely and in sequence, can produce either confusing or not particularly decisive advice for anti-austerity activists. This in turn makes it difficult to create a mass political movement that opposes austerity measures before they take full effect or, furthermore, after some future political victory for anti-austerity forces, for policymakers to institute policies based on a consistent new economic thinking. The most consistent critics of austerity and the economic foundations of austerity thinking have been Post-Keynesians, a diverse grouping of schools that claim to be both heirs and critics of Keynes, including the growing Modern Monetary Theory school (MMT). Post-Keynesians are generally excluded from the centers of power within the economics profession, though are not as marginalized as biophysical, steady-state/ecological, and Marxist economists. “New Keynesianism” is a much more mainstream school that integrates certain aspects of Keynes into the dominant neoclassical economics taught in college Econ 101 courses. Often the publicly-identifiable Left of mainstream economics, for instance Paul Krugman and Joe Stiglitz, can be identified as New Keynesian and therefore fundamentally neoclassical.
Post-Keynesians and MMTers often direct their sharpest critiques at New Keynesian or Left Neo-classical economists, though there are also efforts at comity from the side of Post-Keynesians. On the other side, the more orthodox and “establishment” New Keynesians/Left Neoclassicals for the most part do not offer Post-Keynesians the professional respect of acknowledgement and/or serious intellectual critique of Post-Keynesian/MMT ideas. There are signs that this “Chinese wall” is breaking down, as the global Depression drags on, but often in ways that indicate that isolated terms from or fragments of Post-Keynesianism and MMT may be taken and reconfigured to fit the orthodox model and academic “lifestyles” of Left Neo-classical economists. This was the intellectual “move” that Paul Samuelson executed in the late 1940’s, validating those parts of Keynes that would fit with neoclassical orthodoxy, while leaving out the aspects of Keynes’s work that suggested that neoclassical orthodoxy should be fundamentally questioned or overturned.
United as they are in their critique of neoclassical economics, it would be a mistake to portray post-Keynesians as united among themselves, a further complication for the emergence of any unified message from anti-austerity economists. Post-Keynesian Thomas Palley has recently likened MMTers proposal that government institute a WPA-style “job guarantee” program to the policies of the Tory Cameron government that unemployment benefit recipients work for free. Palley’s concern is that the MMT job guarantee will undermine public sector unions but MMTers dispute that Cameron’s policy is a job guarantee program. Palley’s objections to the job guarantee and MMT were also the subject of a caustic review by Randy Wray, a prominent MMT economist. Steve Keen, who calls himself as “Monetary Circuit Theorist”, has shown an interest in finding points of commonality with MMTers while maintaining at other times a distance from it. MMT, perhaps because it has a popular following and momentum, seems to be a particular target of criticism and self-differentiation by non-MMT post-Keynesians. Perhaps this criticism is meant to be constructive but at times the disputes are often conducted in relatively heated exchanges in blogs and on Twitter, where ultimately outsiders to these disputes will remain confused and will perhaps throw up their hands.
The question then remains whether these two groups of economists can work together and fight against austerity as a loosely coordinated group, even if they themselves are not even in agreement among themselves. From the perspective of those outside of the economics profession, the prime consumers of the output of economists, a cogent and unified message against austerity would be a great help. Political movements and political actors require a unified message to achieve power. As well, to be ultimately a success if they ever achieve power, they need to have a realistic policy alternative to offer. As it stands, the voices of the Left Neoclassicals are heard much more widely, yet their vision ultimately does not offer political leaders and political activists on the ground a portable vision and argument to reshape overall policy and popular views. Post-Keynesians, in particular MMT, are working on a more realistic vision of how the economy and government work and work together that potentially is comprehensible by a wider group of people. Yet this vision, though now gaining a wider audience, has not yet achieved critical mass in the public discussion. [..]
If some prominent economists from orthodox and heterodox tendencies could agree that it would be possible to come up with a list of three to five anti-austerity principles which do not offend any “side” to this debate, this might be a way forward. These principles could then become “talking points” for economists to campaign in the media and in meetings with the powerful for an anti-austerity solution. Creating an anti-austerity “echo-chamber” would be a step in the right direction. As an independent commentator on economics not currently affiliated with an academic institution, I do not have the status to get the ball rolling on this process.
If economists, like cats, cannot be “herded” into producing a workable statement of anti-austerity principles, then the diffuse strategy of producing articles, blog posts, testimony, and media appearances becomes second best but offers a glimmer of hope that the perversity of austerity will be communicated to the broader public.
This effort, however, should not compromise or derail the long-term epistemological project to build a better social science and a better economics that can help prevent concurrent disasters like the present ones. Temporary political victories can only buy time but ultimately cannot solve the problems of governing and managing mixed economies, the type of economy in which we live and that has sorely challenged conventional wisdom.
Aug 24 2012
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”.
Follow us on Twitter @StarsHollowGzt
Paul Krugman: Galt, Gold and God
So far, most of the discussion of Paul Ryan, the presumptive Republican nominee for vice president, has focused on his budget proposals. But Mr. Ryan is a man of many ideas, which would ordinarily be a good thing.
In his case, however, most of those ideas appear to come from works of fiction, specifically Ayn Rand’s novel “Atlas Shrugged.”
For those who somehow missed it when growing up, “Atlas Shrugged” is a fantasy in which the world’s productive people – the “job creators,” if you like – withdraw their services from an ungrateful society. The novel’s centerpiece is a 64-page speech by John Galt, the angry elite’s ringleader; even Friedrich Hayek admitted that he never made it through that part. Yet the book is a perennial favorite among adolescent boys. Most boys eventually outgrow it. Some, however, remain devotees for life.
Dean Baker: Land of the fee: The $1.2 trillion health care tax
An inefficient health care system is costing $1.2 trillion, but many economists want to fix the budget by slashing it.
Economists tend not to be very good at economics, which is one of the main reasons that the world is facing such a prolonged downturn. Few economists were able to recognise the enormous imbalances created by housing bubbles in the United States and elsewhere, or to understand that the collapse of these bubbles would lead to a prolonged period of stagnation in the absence of a vigorous response by governments. [..]
You would think that economists would be upset over a $1.2 trillion annual tax due to the inefficiency of our health care system. This is at least an order of magnitude larger than most issues that economists spend their time worrying over. Yet there are few economists who make this obvious point when debates over the budget come up. Instead, they typically chime in with the choir saying that we need to cut the budget, not fix health care.
The cynical among us might point out that fixing the budget mostly means beating up on older people getting Social Security and Medicare benefits. Fixing health care means going after powerful lobbies like the insurers, the drug industry, and doctors. But whatever their motive, the facts are clear. The vast majority of economists in the United States are not especially concerned about a $1.2 trillion annual health care tax; they have much less important matters to take up their time.
The economy will not recover until the housing market recovers, and the housing market will not recover until the broader economy recovers – a chicken-and-egg problem reflected, once again, in national housing figures. [..]
In the absence of aggressive debt relief efforts, it will be up to the Federal Reserve to keep mortgage rates low and expand its support for the flow of credit. It is also urgent for regulators at the Fed and at the Consumer Financial Protection Bureau to complete new regulations, required under the Dodd-Frank financial reform, to define and ensure affordable, safe mortgages, an important step in reviving private mortgage markets.
Still, without far-reaching federal help, it will be years, possibly decades, before the housing market and the broader economy are restored to health.
Owen Jones: Getting Rid of Dubya Wasn’t Enough. The US Remains a Bully
The issue isn’t Obama, any more than it was Bush before him. The issue is US power
How easy it was to scrutinize US power when George W. Bush was in office. After all, it was difficult to defend an administration packed with such repulsive characters, like Dick Cheney and Donald Rumsfeld, whose attitude towards the rest of the world amounted to thuggish contempt. [..]
It was a bad dream that went on for eight years, and no wonder much of the world is still breathing a sigh of relief. But US foreign policy these days escapes scrutiny. In part, that is down a well-grounded terror of the only viable alternative to Barack Obama: the increasingly deranged US right. A deliberate shift to a softer, more diplomatic tone has helped, too. But it is also the consequence of a strategic failure on the part of many critics of US foreign policy in the Bush era. As protesters marched in European cities with placards of Bush underneath “World’s No 1 Terrorist”, the anti-war crusade became personalized. Bush seemed to be the problem, and an understanding of US power – the nature of which remains remarkably consistent from president to president – was lost.
Katrina vanden Heuvel: Why Subsidize CEOs?
By now, most Americans recognize-and resent-that top corporations compensate their executives in ways that are simply indecent. Eye-popping salaries. Outlandish bonuses. Lavish stock options. Golden-nay, platinum-parachutes. What fewer realize about this obscene compensation is that we’re all paying for it. Literally.
Last week the Institute for Policy Studies released a blockbuster report exposing how US taxpayers subsidize executive compensation, and revealing some of the worst offenders.
Those tax subsidies for executive excess add up to over $14 billion a year. That equals 12 percent of the planned savings from the deficit deal sequesters, 211,732 times the annual cost of hiring an elementary school teacher, or $46 for each American. In other words, says co-author Scott Klinger, “Every man, woman and child in America is buying a CEO lunch.”
E. J. Dionne, Jr.: Elizabeth Warren vs. Mr. Personality
Elizabeth Warren is the kind of person Massachusetts has always liked to send to the U.S. Senate.
She would instantly become a national leader, which appeals in a state that has sent to Washington Democrats such as John and Edward Kennedy and Republicans such as Henry Cabot Lodge and Edward Brooke. The Harvard Law School professor who warned of abuses in the financial system long before the economic crisis should draw suburban liberals who admire her seriousness as well as lunch-bucket Democrats who appreciate her populism. [..]
So why hasn’t one of this year’s most exciting Senate candidates put the election away? The obstacle is a Republican incumbent who is making voters forget that he’s a Republican. If former House Speaker Tip O’Neill preached that all politics is local, Sen. Scott Brown makes all politics personal. He’s running even or, in one recent poll, slightly ahead of Warren simply because so many voters like him.
Gregg Muttet: Mission Accomplished for Big Oil?
In 2011, after nearly nine years of war and occupation, U.S. troops finally left Iraq. In their place, Big Oil is now present in force and the country’s oil output, crippled for decades, is growing again. Iraq recently reclaimed the number two position in the Organization of the Petroleum Exporting Countries (OPEC), overtaking oil-sanctioned Iran. Now, there’s talk of a new world petroleum glut. So is this finally mission accomplished?
Well, not exactly. In fact, any oil company victory in Iraq is likely to prove as temporary as George W. Bush’s triumph in 2003. The main reason is yet another of those stories the mainstream media didn’t quite find room for: the role of Iraqi civil society. But before telling that story, let’s look at what’s happening to Iraqi oil today, and how we got from the “no blood for oil” global protests of 2003 to the present moment.
Aug 24 2012
On This Day In History August 24
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 24 is the 236th day of the year (237th in leap years) in the Gregorian calendar. There are 129 days remaining until the end of the year.
On this day in 79 A.D., Mount Vesuvius erupted burying the cities of Pompeii and Herculaneum in nearly thirty feet of ash and pumice. The toxic gases killed at least 2200 people who remained in Pompeii after the evacuation.
After centuries of dormancy, Mount Vesuvius erupts in southern Italy, devastating the prosperous Roman cities of Pompeii and Herculaneum and killing thousands. The cities, buried under a thick layer of volcanic material and mud, were never rebuilt and largely forgotten in the course of history. In the 18th century, Pompeii and Herculaneum were rediscovered and excavated, providing an unprecedented archaeological record of the everyday life of an ancient civilization, startlingly preserved in sudden death.
At noon on August 24, 79 A.D., this pleasure and prosperity came to an end when the peak of Mount Vesuvius exploded, propelling a 10-mile mushroom cloud of ash and pumice into the stratosphere. For the next 12 hours, volcanic ash and a hail of pumice stones up to 3 inches in diameter showered Pompeii, forcing the city’s occupants to flee in terror. Some 2,000 people stayed in Pompeii, holed up in cellars or stone structures, hoping to wait out the eruption.
A westerly wind protected Herculaneum from the initial stage of the eruption, but then a giant cloud of hot ash and gas surged down the western flank of Vesuvius, engulfing the city and burning or asphyxiating all who remained. This lethal cloud was followed by a flood of volcanic mud and rock, burying the city.
The people who remained in Pompeii were killed on the morning of August 25 when a cloud of toxic gas poured into the city, suffocating all that remained. A flow of rock and ash followed, collapsing roofs and walls and burying the dead.
Those that did not flee the city of Pompeii in August of 79 AD were doomed. Buried for 1700 years under 30 feet of mud and ash and reduced by the centuries to skeletons, they remained entombed until excavations in the early 1800s.
As excavators continued to uncovered human remains, they noticed that the skeletons were surrounded by voids in the compacted ash. By carefully pouring plaster of Paris into the spaces, the final poses, clothing, and faces of the last residents of Pompeii came to life.
n the only known eye witness account to the eruption, Pliny the Younger reported on his uncle’s ill-fated foray into the thick of the ash from Misenum, on the north end of the bay:
“. . .the buildings were now shaking with violent shocks, and seemed to be swaying to and fro as if they were torn from their foundations. Outside, on the other hand, there was the danger of failing pumice stones, even though these were light and porous; however, after comparing the risks they chose the latter. In my uncle’s case one reason outweighed the other, but for the others it was a choice of fears. As a protection against falling objects they put pillows on their heads tied down with cloths. ”
And then:
“You could hear the shrieks of women, the wailing of infants, and the shouting of men; some were calling their parents, others their children or their wives, trying to recognize them by their voices. People bewailed their own fate or that of their relatives, and there were some who prayed for death in their terror of dying. Many besought the aid of the gods, but still more imagined there were no gods left, and that the universe was plunged into eternal darkness for evermore.”
Aug 23 2012
“Bashing Democrats”
On numerous of occasions I have been accused of “bashing Democrats,” “hating Obama,” as well as, some outrageously, vile charges that won’t be repeated here. The accusations have been in response to criticism of President Barack Obama’s policies which have been not just disappointing for a Democratic administration but, in some instances, worse than any neo-con Republican. It’s baffling that the Republican party is bothering to oppose his reelection, he’s done most everything they would have done short of starting another war unless one considers the expansion of the “war on terror” to Yemen and Africa. My guess would be that the Republicans are jealous that Obama isn’t a member of the GOP.
I was asked the other day by my former precinct captain why I don’t criticize Republicans. My answer was that I do. It’s just that today they are called Democrats. On that note, I give you the Black Agenda Report‘s managing editor, Bruce Dixon, who says it quite succinctly:
[..] The fact is that 120% evil Republicans offer the only justification for our support of 100% evil Democrats. And with the dissolution of what used to be the black consensus for equality, civil liberties, full funding for public education, and opposing war spending and corporate privilege, Obama-era Democrats continue to flee rightward toward war, privatization and austerity.
This deformed puzzle is not the political logic of free and responsible people. It’s the cramped and twisted reasoning of someone trapped in a box urgently trying to convince himself that it’s not really a box, that pragmatic acceptance of the box as the whole of the great and free universe is really all that can be hoped, struggled and strived for. It’s not. Only a beaten, cowed and enslaved people can imagine their forbears sacrificed and struggled for them to choose among greater and lesser, but both still monstrous evils.
We at Black Agenda Report spend more time denouncing Democrats because they act like and enable Republicans. We don’t spend as much time denouncing the party of white supremacy because Republicans rarely bother to pretend to be anything else. African Americans haven’t voted Republican in 50 years. But we’re more unemployed than we’ve been in seventy years, and more imprisoned than we’ve ever been.
That’s what choosing “lesser evils” has earned us. It’s time to chuck the fake choice between evil Republicans and slightly less evil Democrats. It’s time not just to think, but to climb outside the two-party, lesser-evil box, to breathe the free air and get ready for something new.
What Bruce said applies to all Americans regardless of race, gender, religion or national origin.
Actor and activist, John Cusack, in his conversation with Constitutional law professor, Jonathan Turley, questions where are the “lines” that the “progressive left” will not cross and what it means in terms of voting for Obama.
Now that the Republican primary circus is over, I started to think about what it would mean to vote for Obama…
Since mostly we hear from the daily hypocrisies of Mitt and friends, I thought we should examine “our guy” on a few issues with a bit more scrutiny than we hear from the “progressive left”, which seems to be little or none at all.
Instead of scrutiny, the usual arguments in favor of another Obama presidency are made: We must stop fanatics;-he’s the last line of defense from the corporate barbarians-and of course the Supreme Court. It all makes a terrible kind of sense and I agree completely with Garry Wills who described the Republican primaries as ” a revolting combination of con men and fanatics…the current primary race has become a demonstration that the Republican party does not deserve serious consideration for public office.”
True enough.
But yet…
… there are certain Rubicon lines, as constitutional law professor Jon Turley calls them, that Obama has crossed.
All political questions are not equal no matter how much you pivot. When people die or lose their physical freedom to feed certain economic sectors or ideologies, it becomes a zero sum game for me.
This is not an exercise in bemoaning regrettable policy choices or cheering favorable ones but to ask fundamentally: Who are we? What are we voting for? And what does it mean? [..]
The entire transcript of the conversation was posted in this article by poligirl. It’s quite long but quite thought provoking assessment of Barack Obama’s presidency and how many of our principles of law and the constitution the “progressive left” has compromised and abandoned supporting him.
The line for me was Obama’s vote, as Senator, to renew FISA with all its unconstitutional provisions, after saying that he would filibuster if it were not fixed. I knew then that the “we’ll fix it later” line was the grand lie to a tired, desperate electorate that was in need of relief from years of war and economic stress.
Along with Bruce Dixon, John Cusack, Jonathan Turley and others, I will continue to criticize Democrats for pushing a right wing agenda. I’m still not ready to make nice.
Aug 23 2012
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”.
Follow us on Twitter @StarsHollowGzt
Gail Collins: The Sexual Spirit of ’76
In colonial America, conventional wisdom held that women could not get pregnant unless they enjoyed the sex.
People, who would have thought I’d have an opportunity to bring up this factoid right in the middle of a presidential race? Thank you, Representative Todd Akin of Missouri! Without you, we might have been condemned to spend today reinvestigating the Congressional Budget Office Medicare cost projections. [..]
Politicians who say they oppose all abortions are making perfect sense, except for the part where they try to impose their doctrinal beliefs on the vast majority of the country, which does not share that particular religious conviction. It’s the abortion-except-for-rape-and-incest position that doesn’t compute. Rape victims, yes, but not a 14-year-old who was impregnated by her 15-year-old boyfriend? The impoverished mother of six kids whose birth control method failed? There’s no way to set the worthy-of-compassion bar unless you trust women to set it for themselves.
Maybe Akin’s real sin is that he exposed the phoniness of the rape-and-incest exception, which is just an attempt to make radical extremism look moderate. That and the theory of the delighted womb.
Paul Krugman: A (Not So) Serious, (Not So) Honest Running Mate
Paul Ryan for vice president, or as Mitt Romney said at the press conference introducing Mr. Ryan as his running mate, “the next president of the United States.”
There is lots of horse-race speculation: It’s a disaster! No, it changes the conversation away from Bain and those missing tax returns! I have no idea who’s right.
What I do know is that anyone who believes in Mr. Ryan’s carefully cultivated image as a brave, honest policy wonk has been snookered. Mr. Ryan is, in fact, a big fraud who doesn’t care at all about fiscal responsibility, and whose policy proposals are sloppy as well as dishonest. Of course, this means that he’ll fit into the Romney campaign just fine.
As I said, I have no idea how this will play politically. But it does look like a move from weakness, rather than from strength; Romney obviously felt he needed a V.P. who will get people to stop talking about him.
An inefficient health care system is costing $1.2 trillion, but many economists want to fix the budget by slashing it.
Economists tend not to be very good at economics, which is one of the main reasons that the world is facing such a prolonged downturn. Few economists were able to recognise the enormous imbalances created by housing bubbles in the United States and elsewhere, or to understand that the collapse of these bubbles would lead to a prolonged period of stagnation in the absence of a vigorous response by governments.
Economists’ grasp of economics has not improved since the start of the downturn. There is little agreement within the profession on the appropriate way to bring the economy back to its potential level of output. Nor is there even agreement as to whether this is possible.
Instead, many economists are running around like chickens with their heads cut off, yelling that we have to do something about budget deficits. This concern is bizarre since it is easy to show that the current deficit in the United States is almost entirely due to the collapse of the housing bubble. The loss of revenue from this collapse, coupled with the measures taken to offset the impact of the downturn, explain almost all of the rise in the deficit since 2007, when it was just 1.2 per cent of GDP.
Robert Reich: The Fanatical GOP
We’re witnessing the capture by fanatics of what was once a great and important American political party.
The Republican Party platform committee now includes a provision calling for a constitutional amendment banning all abortions, without an exception for rape or incest. This is basically Missouri senatorial candidate Todd Akin’s position. (At least the GOP platform doesn’t assert that women’s bodies automatically reject “legitimate” rapists’ sperm.)
Paul Ryan, Romney’s selection for vice president, has co-sponsored 38 anti-abortion measures while in the House of Representatives, including several containing no exception for pregnancies caused by rape or incest.
But the GOP’s fanaticism goes far beyond the its growing absolutism about abortion.
Dennis Kucinich: Tilling the Ground for the Seeds of Terrorism
After more than 10 years of war against al Qaeda and the accompanying global “war on terrorism,” we have failed to learn that our actions create reactions. Our presence creates destabilization, then radicalization. Occupations create insurgencies. In Afghanistan, we have fueled the very insurgency we struggle to fight. [..]
Afghanistan, Iraq, Libya, Syria — al Qaeda surfs instability created or supported by U.S. interventions. Al Qaeda is ready to exploit resentment toward the U.S. while capitalizing on the openings created by U.S. interventionism. As a result our U.S. tax dollars are being used to fuel the rise of extremism.
Have we learned nothing from the Soviet Union’s demise as a result of its adventure in Afghanistan? Will we continue to spend tax dollars to create even more U.S. enemies which will then be used to justify the expenditure of more U.S. tax dollars, thus setting the stage for an accelerated downward spiral for our economy and our own decline as a great power?
Shane Hayden; Giving In to the Surveillance State
IN March 2002, John M. Poindexter, a former national security adviser to President Ronald Reagan, sat down with Gen. Michael V. Hayden, the director of the National Security Agency. Mr. Poindexter sketched out a new Pentagon program called Total Information Awareness,, that proposed to scan the world’s electronic information – including phone calls, e-mails and financial and travel records – looking for transactions associated with terrorist plots. The N.S.A., the government’s chief eavesdropper, routinely collected and analyzed such signals, so Mr. Poindexter thought the agency was an obvious place to test his ideas.
He never had much of a chance. When T.I.A.’s existence became public, it was denounced as the height of post-9/11 excess and ridiculed for its creepy name. Mr. Poindexter’s notorious role in the Iran-contra affair became a central focus of the debate. He resigned from government, and T.I.A. was dismantled in 2003.
But what Mr. Poindexter didn’t know was that the N.S.A. was already pursuing its own version of the program, and on a scale that he had only imagined. A decade later, the legacy of T.I.A. is quietly thriving at the N.S.A. It is more pervasive than most people think, and it operates with little accountability or restraint.
Aug 23 2012
On This Day In History August 23
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 23 is the 235th day of the year (236th in leap years) in the Gregorian calendar. There are 130 days remaining until the end of the year.
On this day in 1902, pioneering cookbook author Fannie Farmer, who changed the way Americans prepare food by advocating the use of standardized measurements in recipes, opens Miss Farmer’s School of Cookery in Boston. In addition to teaching women about cooking, Farmer later educated medical professionals about the importance of proper nutrition for the sick.
Farmer was born March 23, 1857, and raised near Boston, Massachusetts. Her family believed in education for women and Farmer attended Medford High School; however, as a teenager she suffered a paralytic stroke that turned her into a homebound invalid for a period of years. As a result, she was unable to complete high school or attend college and her illness left her with a permanent limp. When she was in her early 30s, Farmer attended the Boston Cooking School. Founded in 1879, the school promoted a scientific approach to food preparation and trained women to become cooking teachers at a time when their employment opportunities were limited. Farmer graduated from the program in 1889 and in 1891 became the school’s principal. In 1896, she published her first cookbook, The Boston Cooking School Cookbook, which included a wide range of straightforward recipes along with information on cooking and sanitation techniques, household management and nutrition. Farmer’s book became a bestseller and revolutionized American cooking through its use of precise measurements, a novel culinary concept at the time.
Cookbook fame
Fannie published her most well-known work, The Boston Cooking-School Cook Book, in 1896. Her cookbook introduced the concept of using standardized measuring spoons and cups, as well as level measurement. A follow-up to an earlier version called Mrs. Lincoln’s Boston Cook Book, published by Mary J. Lincoln in 1884, the book under Farmer’s direction eventually contained 1,849 recipes, from milk toast to Zigaras à la Russe. Farmer also included essays on housekeeping, cleaning, canning and drying fruits and vegetables, and nutritional information.
The book’s publisher (Little, Brown & Company) did not predict good sales and limited the first edition to 3,000 copies, published at the author’s expense. The book was so popular in America, so thorough, and so comprehensive that cooks would refer to later editions simply as the “Fannie Farmer cookbook”, and it is still available in print over 100 years later.
Farmer provided scientific explanations of the chemical processes that occur in food during cooking, and also helped to standardize the system of measurements used in cooking in the USA. Before the Cookbook’s publication, other American recipes frequently called for amounts such as “a piece of butter the size of an egg” or “a teacup of milk.” Farmer’s systematic discussion of measurement – “A cupful is measured level … A tablespoonful is measured level. A teaspoonful is measured level.” – led to her being named “the mother of level measurements.”
I still have my copy.
Aug 22 2012
Letting It All Hang Out
One of the latest MSM fixations has been an incident that occurred last year during a Republican junket to Israel. A nighttime swim in the Sea of Galilee by some members of the delegations turned embarrassing when the FBI found the Rep. Kevin Yoder (R-Kan.) took his dip in the sea sans his suit. Oh my! A coed swim with one naked man is now national news. But the question by the press should have been, why was the FBI investigating this trip. Surely, they weren’t interested in who was taking off their clothed and skinny dipping. It turns out that the FBI was only interested in one member of that group and the investigation had nothing to do with that representative’s participation in that incident, clothed or otherwise.
The focus of the FBI is Staten Island’s freshman Tea Party backed House Representative Michael Grimm. The 42 year old former FBI agent who bears a striking resemblance to Rep. Paul Ryan and the other Tea Party clones has been under investigation by the FBI and a federal grand jury investigation into his 2010 campaign finances. The FBI was looking into Mr. Grimm’s side trip to Cyprus that was sponsored by the Cyprus Federation of America.
But FBI agents were actually interested in Grimm’s failure to file paperwork related to his trip to Cyprus following his Israeli junket, which had been paid for by the Cyprus Federation of America. The president of that company was arrested on federal corruption charges in June. Grimm had reported the Israel trip in his initial filing in May but did not list the trip to Cyprus until he amended it in June, one day after Cyprus Federation of America’s president was arrested.
FBI agents may have asked questions about “who went into the water that night, and whether there was any impropriety,” as Politico reported, but sources indicated the dip in the water certainly wasn’t the FBI’s central focus. [.]
Grimm, a former FBI agent, has been the subject of plenty of attention from federal authorities over the past year. On Friday, one of Grimm’s top fundraisers was arrested for allegedly lying about the source of a loan on immigration documents. That man, an Israeli named Ofer Biton, traveled around the New York area with Grimm in 2010 to raise money for his congressional campaign. At least four of Grimm’s 2010 campaign workers have been questioned by the FBI. Federal prosecutors have also interviewed several donors, according to the New York Times.
But heck, what’s more interesting, an skinny dipping congressman or an investigation into possible corruption by a congressman? I think we all know the answer to that.
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