Tag: Politics

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

New York Times Editorial Board: Racial Discrimination in Stop-and-Frisk

Judge Shira Scheindlin of Federal District Court in New York upheld the bedrock principle of individual liberty on Monday when she ruled that the tactics underlying New York City’s stop-and-frisk program violated the constitutional rights of minority citizens. She found that the city had been “deliberately indifferent” to police officers illegally detaining and frisking minority residents on the streets over many years. [..]

Mayor Bloomberg, who has steadfastly supported this corrosive and socially damaging program, seemed unchanged on Monday. He arrogantly dismissed the suit and this ruling as the work of “one small group of advocates – and one judge,” repudiating the outrage about stop-and-frisk that has been growing in the city for years.

He has promised to appeal, but, fortunately, he will be leaving City Hall soon. His successor should retract the appeal and begin the process of bringing New York City’s police practices in line with the Constitution.

Richard (RJ) Eskow: What Should We Think About the Arrests at JPMorgan Chase?

Four years after Wall Street’s malfeasance dealt a telling blow the economy, and long after tens of billions of dollars have been paid out for banker fraud, reports say that we’re about to see the first arrests of Wall Street bank employees. What’s more, the suspects work at JPMorgan Chase — a bank which, ironically enough, politicians and pundits insisted was the “good bank” after the financial crisis hit in 2008.

In fact, Chase CEO Jamie Dimon spent years speaking out forcefully against additional bank regulation. (Lately, not so much…)

Financial cases can seem complicated. What should we think about these recent announcements in the “London Whale” case?

Trevor Timm: Edward Snowden is a patriot

Does President Barack Obama think we’re stupid?

That’s the only conclusion possible after watching Friday’s bravura performance in which the president announced a set of proposals meant to bring more transparency to the National Security Agency – and claimed he would have done it anyway, even if Edward Snowden had never decided to leak thousands of highly sensitive documents to The Guardian’s Glenn Greenwald.

But even as he grudgingly admitted that the timing, at least, of his suggestions was a consequence of Snowden’s actions, the president declared, “I don’t think Mr. Snowden was a patriot.” When you look at what has changed over the past two months, though, it’s hard not to wonder, “What could be more patriotic than what Snowden did?”

Robert Reich: Why the Anger?

The last time America was this bitterly divided was in the 1920s, which was the last time income, wealth, and power were this concentrated.

When average people feel the game is rigged, they get angry. And that anger can easily find its way into deep resentments — of the poor, of blacks, of immigrants, of unions, of the well-educated, of government.

This shouldn’t be surprising. Demagogues throughout history have used anger to target scapegoats — thereby dividing and conquering, and distracting people from the real sources of their frustrations.

Make no mistake: The savage inequality America is experiencing today is deeply dangerous.

William K. Black: Why Are Appraisers Furious at Fraud by Their Peers While Corporate Lawyers Are Complacent?

I have done a series of articles about the efforts of honest appraisers (which began in 2000) and loan brokers to alert the lenders, the markets, and the government to the twin fraud epidemics (appraisals and “liar’s” loans) committed by lenders’ controlling officers that drove the financial crisis.

Honest appraisers could have profited greatly by becoming dishonest appraisers who would be given the lucrative assignments by fraudulent lenders’ controlling officers and their agents. Instead, honest appraisers suffered serious losses of income because they refused to succumb to the extortion efforts of the fraudulent lenders and their agents.[..]

What about corporate lawyers? I get the same answer about heroes when I speak to legal groups made up of professionals who represent corporations. On August 9, 2013 I had an opportunity to test the accuracy of this answer when I participated in a meeting of nearly 20 law professors who teach white-collar crime classes. Some of these professors teach at schools that regularly send their graduates to Wall Street. The hot business in white-collar crime is corporate investigations. I asked my counterparts if they could name a hero among corporate counsel — any counsel who stopped a control fraud at a major firm or who was fired trying to stop the fraud. No one could think of a corporate counsel (in-house or outside counsel) who had done so. As lawyers and teachers of lawyers we must be both horrified and energized (to change how we teach) by that answer. (I hope that there are corporate lawyers who were heroes we have not heard of yet.)

Dean Baker: The Smart Boys: Larry Summers and Jeff Bezos

The news in the last couple of weeks has had endless references to two people who we have been repeatedly told are brilliant: former Treasury Secretary and top Obama advisor Larry Summers and Amazon founder Jeff Bezos. The paeans to the genius of both men say a great deal about the quality of public debate in elite circles. [..]

It will be a big step forward when reporters and columnists are able to look at the people they consider brilliant with open eyes and talk about their accomplishments and failures in a serious way. In the recent Summers and Bezos chapters, they have been awed into vapidity.

Gary Younge: America cares for you – until you start asking questions

Manning, Snowden and Trayvon Martin: a series of legal cases is making US citizens re-evaluate what the state is really for

Those who defend this version of the all-powerful, all-caring state have little choice but to demonise those who oppose it. They assume their powers on the basis that they are best qualified to know what’s best for the public, even when the public thinks differently. Those who challenge such hubris are dealt with severely. The enemy in the NSA scandal is not those who are spying on you and lying about it, but the one who tells you about it. The criminal, in the Manning case, is not the soldiers who murder innocent civilians and laugh about it or the politicians who sent them to war but the young man who exposes their crimes.

The state is right to be worried. For while it has aggregated power, it has failed to garner the influence to sustain or justify it. Manning said he hoped by releasing the cables he would spark “worldwide discussion, debates, and reforms”. The leaks informed the Arab spring, revealing the venality of the leaders and the complicity of the US. When Snowden came out as a whistleblower, he said his greatest fear was “that nothing will change”. As Obama moves to modestly reform the NSA, the public he claims to be protecting shows growing support for Snowden. Neither the government nor the judiciary has been able to point to a single credible example of how its secrecy, neglect, deception or persecution in these cases has protected anybody or anything. When they insist such measures are crucial for security, they evidently mean security of the state – not the people who live in it.

Despite the Promise, Still No Tranparency on Surveillance

During his press conference on Friday, President Barack Obama admitted, without giving him credit, that the reason the conversation on the NSA is now taking place is thanks to Edward Snowden.

“The leaks triggered a much more rapid and passionate response than would have been the case if I had simply appointed this review board,” Obama said, while adding, “I actually think we would have gotten to the same place-and we would have done so without putting at risk our national security.”

With public opinion rapidly eroding over the surveillance, the president still refused to concede that the program was abused:

“America is not interested in spying on ordinary people,” Obama said. The surveillance programs, he said, were valuable and “should be preserved.” The flaw, if there was one, he said, lay in his assumption that the public would trust that the “checks and balances” in place between the administration, Congress, and the courts was enough to secure personal freedom. Instead, he said, after Snowden’s revelations, “I think people have questions about this program.”

While Obama promised a to create an an independent advisory group made up of “outside experts” who will review controversial surveillance programs, it’s pretty clear that [the group won’t exactly be completely independent of the NSA, as Marcy Wheeler reports:

In the memo Obama just released (pdf) ordering James Clapper to form such a committee, those words “outside” and “independent” disappear entirely.

   I believe it is important to take stock of how these technological advances alter the environment in which we conduct our intelligence mission. To this end, by the authority vested in me as President by the Constitution and the laws of the United States of America, I am directing you to establish a Review Group on Intelligence and Communications Technologies (Review Group).

   The Review Group will assess whether, in light of advancements in communications technologies, the United States employs its technical collection capabilities in a manner that optimally protects our national security and advances our foreign policy while appropriately accounting for other policy considerations, such as the risk of unauthorized disclosure and our need to maintain the public trust. Within 60 days of its establishment, the Review Group will brief their interim findings to me through the Director of National Intelligence (DNI), and the Review Group will provide a final report and recommendations to me through the DNI no later than December 15, 2013. [my emphasis]

And neither Obama nor the Intelligence Committees get to hear from this Group themselves. It all goes through James Clapper.

And the other group members

President Obama and Director Clapper may solicit advice from notable figures in the technology industry; the president reportedly met with several leaders last Thursday, including Apple CEO Tim Cook and Google VP Vint Cerf. But with both Apple and Google implicated in some level of cooperation with the government under PRISM, the government may need to solicit input from a broader coalition of stakeholders.

So, Obama is putting the liar in charge, asking advice from those who willingly aided and abetted the spying and isn’t going to make the report public but expects this will win over public opinion. Yeah, right. If the public falls for this malarkey, I have a bridge to sell, too.

Federal Judge Orders Outside Oversight of NYPD

U.S. District Court Judge Shira Scheindlin handed down her ruling on the New York City Police Department’s Stop and Frisk Policy. In her official summary, Judge Sheindlin found the policy unconstitutional calling it a “form of racial profiling’ and a violation of the Fourth and the Equal Protection Clause of the Fourteenth Amendments rights of minorities in New York City. From the official transcript:

In conclusion, I find that the City is liable for violating plaintiffs’ Fourth and Fourteenth Amendment rights. The City acted with deliberate indifference toward the NYPD’s practice of making unconstitutional stops and conducting unconstitutional frisks. Even if the City had not been deliberately indifferent, the NYPD’s unconstitutional practices were sufficiently widespread as to have the force of law. In addition, the City adopted a policy of indirect racial profiling by targeting racially defined groups for stops based on local crime suspect data. This has resulted in the disproportionate and discriminatory stopping of blacks and Hispanics in violation of the Equal Protection Clause. Both statistical and anecdotal evidence showed that minorities are indeed treated differently than whites. For example, once a stop is made, blacks and Hispanics are more likely to be subjected to the use of force than whites, despite the fact that whites are more likely to be found with weapons or contraband. I also conclude that the City’s highest officials have turned a blind eye to the evidence that officers are conducting stops in a racially discriminatory manner. In their zeal to defend a policy that they believe to be effective, they have willfully ignored overwhelming proof that the policy of targeting “the right people” is racially discriminatory and therefore violates the United States Constitution.

The ruling does not end the program. In a separate opinion, the judge ordered federal monitoring and, among other remedies, a pilot program in which officers in at least five precincts across the city will wear cameras on their bodies to record street encounters.

Naturally, Mayor Michael Bloomberg and Police Commissioner Ray Kelley reacted angrily claiming that the city did not get a fair trail:

“The judge conveyed a disturbing disregard for the good intentions of our officers, who form the most diverse police department in the US,” he said during a press conference Monday. It was a “dangerous” decision by the judge, Bloomberg added, while claiming that the policy had helped bring down crime in New York.

Kelly was likewise forthright in his condemnation of the judge’s ruling, describing it as “disturbing” and “highly offensive”. He rejected the claim that his officers had engaged in racial profiling. “This is simply, recklessly untrue,” he said, though he added that he had not yet read the ruling because he had spent the morning having dental work done.

It’s unknown of this ruling will effect President Barack Obama’s high opinion of Comm. Kelley and take e him out of contention for the head of Homeland Security.

The mayor vowed to appeal but he will be out of office at midnight on December 31 of this year. Hopefully the new mayor will have drop the appeal and work harder to protect the rights of NYC’s minority residents and their safety.

The best line of Judge Scheindlin’s ruling is her last one:

” I conclude with a particularly apt quote: “The idea of universal suspicion without individual evidence is what Americans find abhorrent and what black men in America must constantly fight. It is pervasive in policing policies – like stop-and-frisk, and . . . neighborhood watch regardless of the collateral damage done to the majority of innocents. It’s like burning down a house to rid it of mice.”

Mortgage Fraud Settlement: Is a Fraud

As we have documented here at Stars Hollow, the task force that was created to pursue mortgage fraud and hold the banks accountable was, and is, a sham game to protect the banks from real relief for defrauded homeowners.

Your mortgage documents are fake!

by David Dayen, Salon

Prepare to be outraged. Newly obtained filings from this Florida woman’s lawsuit uncover a horrifying scheme

A newly unsealed lawsuit, which banks settled in 2012 for $1 billion, actually offers a different reason, providing a key answer to one of the persistent riddles of the financial crisis and its aftermath. The lawsuit states that banks resorted to fake documents because they could not legally establish true ownership of the loans when trying to foreclose.

This reality, which banks did not contest but instead settled out of court, means that tens of millions of mortgages in America still lack a legitimate chain of ownership, with implications far into the future. And if Congress, supported by the Obama Administration, goes back to the same housing finance system, with the same corrupt private entities who broke the nation’s private property system back in business packaging mortgages, then shame on all of us. [..]

Most of official Washington, including President Obama, wants to wind down mortgage giants Fannie Mae and Freddie Mac, and return to a system where private lenders create securitization trusts, packaging pools of loans and selling them to investors. Government would provide a limited guarantee to investors against catastrophic losses, but the private banks would make the securities, to generate more capital for home loans and expand homeownership.

That’s despite the evidence we now have that, the last time banks tried this, they ignored the law, failed to convey the mortgages and notes to the trusts, and ripped off investors trying to cover their tracks, to say nothing of how they violated the due process rights of homeowners and stole their homes with fake documents.

The very same banks that created this criminal enterprise and legal quagmire would be in control again. Why should we view this in any way as a sound public policy, instead of a ticking time bomb that could once again throw the private property system, a bulwark of capitalism and indeed civilization itself, into utter disarray? As Lynn Szymoniak puts it, “The President’s calling for private equity to return. Why would we return to this?”

White-collar fraud expert proves ‘mortgage-backed securities’ neither mortgage-backed nor secure

by Scott Kaufmann, The Raw Story

The forged documents were endorsed by employees of companies long bankrupt, executives who signed their name eight different ways, or “people” named “Bogus Assignee for Intervening Assignments” so that the banks could establish standing to foreclose in courts. The end result, according to white-collar fraud expert Lynn Szymoniak, is that over $1.4 trillion in mortgage-backed securities are still, to this day, based on fraudulent mortgage assignments.

The lawsuit against Wells Fargo, Bank of America, JPMorgan Chase, Citi and GMAC/Ally Bank was settled in early 2012 for $1 billion, but now that the evidence is unsealed, Szymoniak and her legal team are free to pursue the other named defendants, including HSBC, the Bank of New York Mellon, and US Bank. “I’m really glad I was part of collecting this money for the government, and I’m looking forward to going through discovery and collecting the rest of it,” Szymoniak told Salon.

Eric Holder Owes the American People an Apology

Jonathan Weil, Bloomberg News

The Justice Department made a long-overdue disclosure late Friday: Last year when U.S. Attorney General Eric Holder boasted about the successes that a high-profile task force racked up pursuing mortgage fraud, the numbers he trumpeted were grossly overstated. [..]

In an updated press release Friday, which corrected its initial release of last October, the Justice Department said a review of the cases found that the inflated figures included defendants who had been sentenced or convicted in fiscal year 2012 — not just people who had been criminally charged, as originally reported. Its original, lofty tally also included cases in which the victims weren’t distressed homeowners. [..]

What a charade. No wonder the government found it so difficult to bring a meaningful number of accounting-fraud cases against bank executives after the financial crisis. Its own books were cooked. [..]

This was the second time, mind you, that Holder’s Justice Department had pulled a stunt like this. In December 2010, Holder held a press conference to tout a supposed sweep by the president’s Financial Fraud Enforcement Task Force called “Operation Broken Trust.” (The mortgage-fraud program was part of the same task force.) As with the mortgage-fraud initiative, Broken Trust wasn’t actually a sweep. All the Justice Department did was lump together a bunch of small-fry, penny-ante fraud cases that had nothing to do with one another. Then it held a press gathering.

Between this sham that protects the banks and the egregious violations of the press and privacy of all Americans with abusive use of FISA, Eric Holder owes us more than an apology, he owes us his resignation as Attorney General.

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: Milton Friedman, Unperson

Recently Senator Rand Paul, potential presidential candidate and self-proclaimed expert on monetary issues, sat down for an interview with Bloomberg Businessweek. It didn’t go too well. For example, Mr. Paul talked about America running “a trillion-dollar deficit every year”; actually, the deficit is projected to be only $642 billion in 2013, and it’s falling fast.

But the most interesting moment may have been when Mr. Paul was asked whom he would choose, ideally, to head the Federal Reserve and he suggested Milton Friedman – “he’s not an Austrian, but he would be better than what we have.” The interviewer then gently informed him that Friedman – who would have been 101 years old if he were still alive – is, in fact, dead. O.K., said Mr. Paul, “Let’s just go with dead, because then you probably really wouldn’t have much of a functioning Federal Reserve.”

Which suggests an interesting question: What ever happened to Friedman’s role as a free-market icon? The answer to that question says a lot about what has happened to modern conservatism.

Sen. Bernie Sanders and Sen. Elizabeth Warren: Four Questions for Fed Chair Candidates

The decisions made by the next chair of the Federal Reserve will have a powerful impact on the economic well-being of every person in America.

While the largest financial institutions and corporations in this country have been bailed out and are now back to making enormous profits and rewarding their executives with outsized compensation packages, recovery hasn’t gone so well for the rest of America. Middle class families have continued to lose ground economically, the number of Americans living in poverty is near an all-time high, and the gap between the very rich and everyone else is growing wider.

The next Fed chair will have enormous power and influence over our entire financial system and the direction of the economy. The Fed is responsible not only for our country’s monetary policy, but it is also a key regulator of financial institutions. In our view, the president’s nominee for Fed chair must be committed to improving the lives of working Americans who are still struggling through the worst economic crisis since the Great Depression.

Robert Kuttner: We Are All Detroit

Do you think the damage from the pending bankruptcy of the city of Detroit will be limited to Detroit? Think again.

Detroit is partly the victim of economic trends far beyond its control, the downsizing and outsourcing of the auto industry and the collapse of the sub-prime bubble, to name just two. And yes, the city has suffered from corrupt and inept local government. But leaving Detroit to a bankruptcy process that favors investment bankers over local pensioners will neither provide a fair outcome nor contain the damage.

Joe Firestone: What Would You Have the President Do?

There were varying reactions to the President’s recent speech at Knox College this week. My reaction was that the speech was deeply dishonest in light of the President’s previous policies, actions, and results, and I intended to do a critique, but Michael Hudson and Yves Smith beat me to it. In a fine post at Naked Capitalism, entitled “Michael Hudson Shreds Obama’s Orwellian Speech On Middle Class Prosperity,” Michael Hudson, with occasional added comments from Yves, deconstructs the speech paragraph by paragraph, and sometimes line-by-line, pointing out disingenuous assertions and outright dishonesty. [..]

The reaction to the post was vigorous with most of the discussion supporting and amplifying the views presented. However, there was one comment which said: [..]

What would u have him do? [..]

Of course, that persistent rationalization offered by the world’s Obamabots is my cue. What I want him to do falls into two major categories. First, there are necessary first moves he can probably get done which will facilitate passing all the other policies I propose. Second, there are the policies that will restore prosperity to poor and middle class over time.

Thom Hartman: We’re All Being Poisoned by Deregulated Capitalism

There’s an undeclared war going on between the rich and the poor right here in the United States and the rich think they’ve found a way to win it.

They’ve locked themselves into gated communities, lily-white suburbs, and wealthy urban neighborhoods and they’ve priced the poor out.

Happy and blissful in their one percent paradise, the richest Americans think they can ignore how their policies have decimated the poor and the working-class.

Think they can live in a “me” society, and ignore the larger “we society.”

But they’re wrong and here’s why.

It’s pretty much common knowledge in the United States that poverty and health are inseparable. All the major indicators of physical health – diabetes, heart-disease, and even access to nutritious foods – are connected to socioeconomic status.

Jim Hightower: The Border-Industrial Complex

War profiteers have spied a new place they can militarize with their high-tech, high-cost weaponry.

At last, both Republicans and Democrats are beginning to respond aggressively to economic needs. “It has been a tough time,” admits one Washington insider, applauding a new spending proposal that “could help out.”

Unfortunately, he and Congress aren’t referring to your tough times. No, no – they’re rushing to the aid of the multi-billion-dollar Military-Industrial Complex.

The government, you see, hasn’t been getting our nation into enough wars to satisfy the insatiable appetite of Northrop Grumman and its ilk for government money. So those war profiteers have spied a new place they can militarize with their high-tech, high-cost weaponry: The U.S.-Mexican border.

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”.

Follow us on Twitter @StarsHollowGzt

The Sunday Talking Heads:

Up with Steve Kornacki: There was no guest list posted for today

This Week with George Stephanopolis: guest this Sunady are : Edward Snowden’s father Lon Snowden and attorney Bruce Fein; chairs of the Senate and House Foreign Relations committees, Sen. Robert Menendez (D-NJ) and Rep. Ed Royce (R-CA); Donald Trump and former North Dakota Sen. Byron Dorgan.

Panel guests for the roundtable debate are Rep. Joaquin Castro (D-TX); Rep. Louie Gohmert (R-TX); and ABC News’ George Will and Donna Brazile.

For a special discussion about the sale of The Washington Post and what it means for the future of the news media, with George Will, Huffington Post Media Group editor-in-chief Arianna Huffington, “Bloomberg West” anchor Cory Johnson, and editor of The New Yorker David Remnick.

Face the Nation with Bob Schieffer: Mr. SChieffer’s guests are Rep. Pete King (R-NY):  Rep. Dutch Ruppersberger (D-MD); and former director of the CIA & National Security Agency Gen. Michael Hayden.

For a discussion of the sale of The Washington Post and the state of newspapers, the panel guests are former managing editor of The New York Times, Bill Keller, Politico‘s Editor-in-Chief John Harris and Len Downie, the former executive editor of The Washington Post.

Guests for a foreign policy panel are New York TimesEric Schmitt, The Washington Post‘s Rajiv Chandrasekeran and CBS News’ Margaret Brennan.

Meet the Press with David Gregory: This week’s MTP guests are : Senator Claire McCaskill (D-MO); House Homeland Security Committee Chairman Rep. Mike McCaul (R-TX); The Washington Post‘s Barton Gellman, who helped to break the NSA surveillance story; and NBC Special Correspondent Ted Koppel.

Guests for the roundtable are: David Ignatius of the Washington Post; Republican strategist Ana Navarro; David Brooks of the New York Times, and Former Governor of New Mexico and UN ambassador, Bill Richardson.

State of the Union with Candy Crowley: Ms Crowley’s guests this Sunday are Chairman of the RNC, Reince Priebus; and Democratic Congressman James Clyburn.

For a discussion on future of baseball and doping, she is joined by retired Major League Baseball Hall of Famer Ernie Banks; USA Today Sports Columnist Bob Nightengale; and documentary filmmaker Ken Burns.

The political panel guests are: CNN Crossfire host Stephanie Cutter; CNN Political Commentator Kevin Madden; CNN Political Commentator Ben Ferguson; and CNN Political Commentator Errol Lewis.

Remembering the World’s Indigenous Peoples

August 9th was the International Day of the World’s Indigenous Peoples recognizing the achievements and contributions that indigenous people make to improve world issues such as environmental protection. On Friday, Democracy Now!‘s Amy Goodman’s guests were Oren Lyons, faithkeeper of the Onondaga Nation, and member ofthe Onondaga Nation Council of Chiefs; legendary folk singer and activist Pete Seeger and Andy Mager, project coordinator for the Two Row Wampum Renewal Campaign and a member of Neighbors of the Onondaga Nation, discussing the concerns of their concerns for the future.

Hundreds of Native Americans and their allies arrive in New York City today after paddling more than a hundred miles down the Hudson River to commemorate the 400th anniversary of the first treaty between Native Americans and the Europeans who traveled here. The event is part of the International Day of the World’s Indigenous Peoples, first proclaimed by the United Nations 20 years ago. [..]

“We’re concerned about the future, we’re concerned about the Earth – seven generations hence – and the conduct of people,” Oren says. “We wonder, how do you instruct seven billion people as to the relationship to the Earth? Because unless they understand that, and relate the way they should be, the future is pretty dim for the human species.”



Transcript can be read here

In Part 2, Pete Seeger and Oren Lyons discuss fracking, indigenous struggles and the atomic bombing of Hiroshima.



The transcript can be read here

In the final segment, Pete Seeger reminisces about his late wife Toshi, and sings the Civil Rights anthem “We Shall Overcome.”

Born in 1919, the 94-year-old Seeger is an American icon. In the 1940s, he performed in The Weavers, along with Woody Guthrie. In the 1950s, he opposed Senator Joseph McCarthy’s witch hunt and was almost jailed for refusing to answer questions before the House Un-American Activities Committee. Seeger helped popularize the civil rights anthem, “We Shall Overcome.” In the 1960s, he was a vocal critic of the Vietnam War and inspired a generation of protest singers. He was later at the center of the environmental and anti-nuclear movements. A month ago today, on July 9, his wife, the artist and filmmaker Toshi Seeger, died at the age of 91. She was a key leader and artistic programmer for the Great Hudson River Revival, the annual fundraiser for the Clearwater organization that helped to clean up the Hudson River in New York. She died less than two weeks short of what would have been the Seegers’ 70th wedding anniversary.



The transcript can be read here

 

What We Now Know

In this week’s segment of “What We Know Now,” Up host Steve Kornacki talks about the latest news that could “muck up” the GOP’s chances of taking back the Senate in 2014. Joining Steve to discuss what they have learned this week are Christina Bellantoni, PBS’ News Hour; Nick Acocella, Politifax New Jersey; Perry Bacon, Jr., The Grio.com; and Krystal Ball, cohost of MSNBC’s “The Cycle.”

Tea Party favorite Ken Buck files to run for Senate in Colorado

By Jonathan Easley, The Hill

Tea Party favorite Ken Buck (R) filed paperwork Wednesday with the Federal Election Commission to run for U.S. Senate in Colorado.

Buck, who lost a senate bid to Michael Bennet (D-Colo.) in 2010, will seek to unseat Colorado’s other incumbent senator, Mark Udall (D-Colo.), in 2014.

According to the Denver Post, Buck will launch his campaign and tour the state in early September.

Buck, a district attorney, joins state Sens. Randy Baumgardner and Owen Hill in seeking the Republican nomination.

Michelle Nunn engages battle for Senate in Georgia

Catalina Camia, USA Today

WASHINGTON — Democrat Michelle Nunn’s decision to follow in her father’s footsteps in Georgia opens a new front in the battle for control of the Senate in the 2014 elections.

Nunn, CEO of a volunteer service organization, is expected to file her paperwork Tuesday to run for the seat of retiring Republican Sen. Saxby Chambliss. The political novice declared her long-awaited candidacy on Monday in an interview with the Atlanta Journal-Constitution.

This is the same Senate seat that her father, Sam Nunn, held from 1972 to 1997 as a centrist Democrat who appealed to GOP voters. The race to succeed Chambliss has already attracted three congressmen and a former Georgia secretary of State on the Republican side.

Georgia Conservatives Like Paula Deen More Than MLK (But Only Slightly!)

By Emma Roller, Slate

From PPP:

   We asked Georgians their opinions about a number of current and historical figures in the state. Martin Luther King Jr. has a 73/15 favorability rating- it’s 83/6 with Democrats but just 59/28 with Republicans. Paula Deen remains quite popular in her home state at a 54/21 spread- she’s very popular with Republicans at 73/11 but seen positively by a plurality of Democrats at 40/33 as well.

Or, more succinctly:

NRCC Fundraising Off George W. Bush’s Heart Operation

by Perry Stein, Talking Points Memo

The National Republican Congressional Committee is collecting signatures for an e-card and money to send flowers to former President George W. Bush as he recovers from a heart procedure to clear a blocked artery.

Donations are expected to far exceed the costs of a bouquet of Bluebonnets– the Texas state flower–and NRCC did not return calls to CBS on what they will do with the extra cash, though they will likely use it to help elect Republicans to the House.

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

New York Times Editorial Board: A Weak Agenda on Spying Reform

President Obama, who seems to think the American people simply need some reassurance that their privacy rights are intact, proposed a series of measures on Friday that only tinker around the edges of the nation’s abusive surveillance programs. [..]

If all Mr. Obama is inclined to do is tweak these programs, then Congress will have to step in to curb these abuses, a path many lawmakers of both parties are already pursuing. There are bills pending that would stop the bulk collection of communications data, restricting it to those under suspicion of terrorism. Other measures would require the surveillance court to make public far more of its work. If the president is truly concerned about public anxiety, he can vocally support legislation to make meaningful changes, rather than urging people to trust him that the dishes are clean.

Dean Baker: Fiddling with Fannie and Freddie Only Sets Us Up for Another Crash

Best leave the mortgage market in government control or abolish Fannie Mae and Freddie Mac entirely and let moral hazard rule

President Obama’s announcement of his plans for a restructured mortgage market was painful for those who remember the bubble and crash. It seems as though he learned nothing from this disaster.

he key problem in the bubble years was the ability of private actors to profit by taking huge risks in issuing and securitizing bad mortgages, while handing the downside risk to taxpayers. This was the story with Countrywide, Bank of America, Goldman Sachs, Citigroup and the rest.

It was also the story with Fannie Mae and Freddie Mac in their prior incarnation, before the collapse of the bubble sent them into conservatorship. The pre-conservatorship Fannie and Freddie were run as for-profit companies. Their top executives made Wall Street-type salaries, pocketing tens of millions of dollars a year.

Charles M. Blow: ‘A Town Without Pity’

America was once the land of Lady Liberty, beckoning the world: “Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. Send these, the homeless, tempest-tossed to me. I lift my lamp beside the golden door!”

No more.

Today’s America – at least as measured by the actions and inactions of the pariahs who roam its halls of power and the people who put them there – is insular, cruel and uncaring.

David Sirota: The Creative Destruction of Misguided Ideology

Stripped down to its fundamentals, the insurance business is the business of assessing risk. Regardless of what is being insured, a successful insurer is one that analyzes the risk of having to pay out benefits, and then adjusts coverage rates to make sure more money is coming in than is going out. The more accurate the assessment of risk, the more financially successful an insurance company tends to be.

Because of this model, private insurance is the conservative ideologue’s favored method of assessing danger and managing risk, for it is a purely free-market instrument. Indeed, as a right-wing activist would readily admit, private insurance focuses exclusively on the dollars and cents of actuarial analyses, and it bases prices on data and empiricism, not on fact-free political ideology and poll-tested platitudes.

So, then, what happens when the insurance industry so touted by the conservative movement starts saying things that wholly contradict that movement’s talking points?

Gail Collins: Playing Post Office

Today, let’s tackle a big national problem. Something that’s been going on for so long that everybody’s exhausted and has lost all hope of resolution in their lifetimes. (Like the baseball career of Alex Rodriguez.)

The Postal Service. Yes! Let’s fix the Postal Service, which lost more than $15 billion last year. Lately, things have been going better, but we’re still talking about a problem that’s actually way worse than A-Rod. More like something between a plague of locusts and a small, localized zombie invasion.

And it’s not all the management’s fault. You would be losing money, too, if your core product had been totally undermined by the Internet and you were required to be a self-supporting business except for the part where each and every move required special Congressional approval.

Jim Horn: Who’s Lying to Whom? Duncan, Bloomberg, and the Rotted Common Core

Yesterday Mike Bloomberg called the new test score basement that all NY schools have rushed into “very good news,” and he blamed the media for noticing that it was happening.  With State and City schools-at least the ones with poor kids-once more crushed under the boot (Rochester had 5% of kids passing reading and math) of new tests and new cut scores, the Prince followed up with this: “We have to make sure that we give our kids constantly the opportunity to move towards the major leagues.”

Really?  Is that what you are making sure of, Mike? Or are you not really making sure that poor kids and poor schools that have been sawed and savaged for a dozen years at least stay right where they are?  That is at the bottom, where the racist and classist standardized tests place them, except that from here forward these poor kids, re-demoralized by yet another round of failure assurance, will be taken housed in the segregated corporate reform schools that the charter traders and hedge fund managers on Wall Street are so heady about.  Isn’t that what you know is really going on, Mayor?

Arne Duncan tried yesterday to swoop in to help rescue Bloomberg from those reporters reporting the news and finally asking questions, but all the  the lead lummox could manage was to parrot his own voice recording that, in the present context of the new Common Core testing-delivery system, sounded even more hollow from an even hollower man: “Too many school systems lied to children, families and communities. . . .Finally, we are holding ourselves accountable as educators.”

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

Krugman: Phony Fear Factor

We live in a golden age of economic debunkery; fallacious doctrines have been dropping like flies. No, monetary expansion needn’t cause hyperinflation. No, budget deficits in a depressed economy don’t cause soaring interest rates. No, slashing spending doesn’t create jobs. No, economic growth doesn’t collapse when debt exceeds 90 percent of G.D.P.

And now the latest myth bites the dust: No, “economic policy uncertainty” – created, it goes without saying, by That Man in the White House – isn’t holding back the recovery. [..]

And the policy moral is clear: We need to stop talking about spending cuts and start talking about job-creating spending increases instead. Yes, I know that the politics of doing the right thing will be very hard. But, as far as the economics goes, the only thing we have to fear is fear-mongering itself.

New York Times Editorial Board: Breaking Through Limits on Spying

Apparently no espionage tool that Congress gives the National Security Agency is big enough or intrusive enough to satisfy the agency’s inexhaustible appetite for delving into the communications of Americans. Time and again, the N.S.A. has pushed past the limits that lawmakers thought they had imposed to prevent it from invading basic privacy, as guaranteed by the Constitution.  [..]

It turns out, as Charlie Savage revealed in The Times on Thursday, that the N.S.A. went far beyond those boundaries. Instead, it copies virtually all overseas messages that Americans send or receive, then scans them to see if they contain any references to people or subjects the agency thinks might have a link to terrorists.

Amy Goodman: Please Read Joseph Heller’s Catch-22 on Your Vacation, Mr. President

Senator Obama’s objection to ‘a dumb war’ won him nomination. As commander-in-chief, he has reneged on opposing militarism

As the Obama family heads to their annual summer vacation on Martha’s Vineyard, perhaps the president should take along a copy of Catch-22 for some beach reading. Joseph Heller’s classic, satirical anti-war novel, published in 1961 and based on his experiences as a bombardier in the second world war, is sadly relevant today, as Obama’s wars, in Afghanistan and beyond, drag on. [..]

Heller’s protagonist in Catch-22, Captain Yossarian, holds a wounded comrade – named Snowden, coincidentally – who dies in his arms. The experience cements Yossarian’s opposition to war. Bradley Manning, too, went to war, and hated what he saw. He took action, leaking documents to spark a national debate.

Heller’s depiction of war – grim and stark – was fiction, though based on his own experience. Obama’s wars, his drone strikes, his war on whistleblowers, are all too real.

Mark Weisbrot: The More Nefarious US Foreign Policy, The More It Relies on Media Complicity

Americans are shielded from the ugly consequences of US military power by our journalists’ self-censorship

The US still has military spending that is higher in real, inflation-adjusted terms than it was during the peak of the Reagan cold war build-up, the Vietnam war and the Korean war. We seem to be in a state of permanent warfare, and – we have recently learned – massive government spying and surveillance of our own citizens. This is despite an ever-receding threat to the actual physical security of Americans. Only 19 people have been killed by acts of terrorism in the US since 11 September 2001, and none or almost none of these was connected to foreign terrorists. Also, there are no “enemy states” that pose a significant military threat to the US – if any governments can be called “enemy states” at all.

Michael T. Klare: How to Fry a Planet

The Third Carbon Age: Don’t for a Second Imagine We’re Heading for an Era of Renewable Energy

When it comes to energy and economics in the climate-change era, nothing is what it seems.  Most of us believe (or want to believe) that the second carbon era, the Age of Oil, will soon be superseded by the Age of Renewables, just as oil had long since superseded the Age of Coal.  President Obama offered exactly this vision in a much-praised June address on climate change.  True, fossil fuels will be needed a little bit longer, he indicated, but soon enough they will be overtaken by renewable forms of energy.

Many other experts share this view, assuring us that increased reliance on “clean” natural gas combined with expanded investments in wind and solar power will permit a smooth transition to a green energy future in which humanity will no longer be pouring carbon dioxide and other greenhouse gases into the atmosphere.  All this sounds promising indeed.  There is only one fly in the ointment: it is not, in fact, the path we are presently headed down.  The energy industry is not investing in any significant way in renewables.  Instead, it is pouring its historic profits into new fossil-fuel projects, mainly involving the exploitation of what are called “unconventional” oil and gas reserves.

Diana Ravitch: Punishing Kids for Adult Failures

The massive score drop on tough new New York tests gives us an opportunity–and obligation–to change course

Test scores across New York State have collapsed, new results released Wednesday showed. Last year, 55% of students in the state passed the reading test; 65% passed the math test. This year, only 31% passed both subjects. In New York City, the proportion passing the state tests fell from 47% in reading and 60% in math to only 26% in reading and 30% in math.

Did the students suddenly get stupid? Did their teachers become incompetent overnight? Did schools fail en masse? [..]

he leaders of the state seem intent on discouraging students, teachers and principals. Why do they want public schools to look bad? That is a question for them to answer.

The madness must end. Next spring, parents should keep their children home on testing day. Or send them to school with a note saying that they are opting out of the state testing. They should exercise their rights as citizens and send a message to the state: “Not with my child.”

Load more