Tag: Politics

Kevin has a Live Blog up at FDL with regular up dates from the scene in NYC.

Yesterday Code Pink co-director Rae Abileah was singled out by NYPD during a demonstration in front of Bank of America. She was waving a pink bra and was charged with “blocking a sidewalk”, although she was never told to move.

Occupy Wall Street has a new organizing campaign. David Dayen at FDL News Desk has the details:

Now, Occupy has another action-based offshoot that starts with the Debt Resistor’s Operations Manual. Over the weekend, activists handed out 5,000 free copies of the manual in the events prior to today’s anniversary. The group leading the way is known as Strike Debt. The idea is to give practical tips to people who have navigated a default event, either through housing, student loan, credit card or medical debt. The idea is to provide advice to people drowning in debt, some of it from insiders in the lending industry, to help navigate and resist. The ultimate goal is to help people renegotiate and restructure their debt, which is related to Occupy Our Homes, but with a much broader focus. This is from Strike Debt’s initial press release:

   Everyone is affected by debt, from recent graduates paying several hundreds of dollars in interest on their students loans every month, to working families bankrupted by medical bills, to the teachers and firefighters forced to take pay cuts because their cities are broke. 76% of Americans are serious debtors. At least 1 in 7 are being pursued by debt collectors. Debt is the tie that binds the 99%.

   Whistleblowers have revealed a widespread pattern of immoral and illegal activity on the part of lenders and collection agencies. Yet our elected officials have proved that they are unwilling to rein in the finance industry or provide debt relief to the citizenry. The Debt Resistor’s Operations Manual is the first of several Strike Debt projects aimed at helping debtors evict Wall Street from their lives and take the first step towards creating a credit system that serves the people and not the profit margins of the 1%.

The manual, available here, offers practical tips on how to challenge debt collectors, errors on credit ratings, and bankruptcy laws. This goes well beyond a simple helpful hints manual, however, moving more into a history and ethnography of debt in the 21st century, a peek behind the curtain at how the lending industry targets and bleeds dry those in need of short-term funds. It looks at the institutional forces behind services for the unbanked like check cashing outlets and payday lenders, noting that these cost much more than traditional banking for the same services.

“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: The Road to Retirement

Even before the Great Recession, Americans were not saving enough, if anything, for retirement, and policy experts were warning of a looming catastrophe. The economic downturn and its consequences – including losses in jobs, income, investments and home equity – have made that bad situation much worse.

And yet, judging by the presidential campaign, this clear and present danger is a political nonissue.

Medicare, of course, is an issue. But Social Security, a critical source of income for most retirees, is barely mentioned, though the parties have sharply different views on how to improve it. The Democratic platform correctly acknowledges that it can be strengthened and preserved, implying that a modest mix of tax increases and benefit cuts is needed. The Republican platform vows to “give workers control over, and a sound return on, their investments.” That sounds like privatization, which would be cruel folly.

Neither side, however, is grappling with the fact that the nation’s retirement challenges go well beyond both programs, and that most Americans, by and large, cannot afford to retire.

Paul Krugman: Hating on Ben Bernanke

Last week Ben Bernanke, the Federal Reserve chairman, announced a change in his institution’s recession-fighting strategies. In so doing he seemed to be responding to the arguments of critics who have said the Fed can and should be doing more. And Republicans went wild.

Now, many people on the right have long been obsessed with the notion that we’ll be facing runaway inflation any day now. The surprise was how readily Mitt Romney joined in the craziness. [..]

So last week we learned that Ben Bernanke is willing to listen to sensible critics and change course. But we also learned that on economic policy, as on foreign policy, Mitt Romney has abandoned any pose of moderation and taken up residence in the right’s intellectual fever swamps.

h/t Kevin Gosztola at FDl‘s The Dissenter

“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

The Sunday Talking Heads:

Up with Chris Hayes: Sam Seder, host of The Majority Report, will be filling in for Chris Hayes. Joining Sam are: Tanya Wells, (@vidawells) who, along with her husband, lost her job in 2008 and has gone back to school to try to get back on her feet. Tanya’s family now survives in large part with the help of student loans, Medicaid, and food stamps; Steven Gates, program director, Youth Advocacy Programs-Illinois and resident of the Roseland area of Chicago; Melissa Boteach, director of the “Half in Ten” campaign at the Center for American Progress, a campaign to cut poverty by half in 10 years; John Reel, assistant to the director at Senior Service America, Inc.; Gary Younge, (@garyyounge) Guardian columnist & feature writer, columnist for The Nation, Chicago resident and parent who has been covering the Chicago teachers strike for the Guardian; Matt Farmer, (@mifarmer) Chicago lawyer and parent, member of his local school council at Philip Rogers Elementary School, contributor to the Huffington Post; Stephen Pimpare, (@stephenpimpare) associate professor at Columbia University School of Social Work, author of “The People’s History in America;” and Elise DeBroad, teacher at International Community High School in Bronx, NY.

This Week with George Stephanopolis: Sunday on “This Week,” U.S. Ambassador to the United Nations Susan Rice speaks to ABC News senior White House correspondent Jake Tapper on the deadly attacks and anti-American protests sweeping across the Middle East; ABC News global affairs anchor Christiane Amanpour, ABC News senior foreign affairs correspondent Martha Raddatz, and ABC News chief investigative correspondent Brian Ross.

The  roundtable debates the fallout from the Middle East violence and all the week’s politics, with ABC News’ George Will; Fox News contributor and former State Department official Liz Cheney, co-founder of Keep America Safe; Ret. General Wesley Clark, former NATO Supreme Allied Commander Europe; PBS’ “Washington Week” moderator and managing editor Gwen Ifill; and ABC News senior political correspondent Jonathan Karl.

Face the Nation with Bob Schieffer: Mr. Schieffer’s guests are  U.S. Ambassador to the United Nations Susan Rice; Council of Foreign Relations President Richard Haass and former U.S. Ambassador to Israel, VP and Director of Brookings’ Foreign Policy Program Martin Indyk.

The panel guests are The New York Times‘ David Sanger, TIME‘s Bobby Ghosh, and CBS News’ Margaret Brennan and John Dickerson.

The Chris Matthews Show: This week’s guests are Michael Duffy, TIME Magazine Assistant Managing Editor; Trish Regan, Bloomberg News; Kasie Hunt, Associated Press

Political Reporter; and John Harris, Politico Editor-in-Chief.

Meet the Press with David Gregory: On MTP this Sunday is  Israel’s Prime Minister, Benjamin Netanyahu.

Joining the roundtable discussion are Rep. Keith Ellison (D-MN ); Chairman of the Homeland Security Committee, Rep Peter King (R-NY); author of the new book “The Price of Politics,” The Washington Post’s, Bob Woodward; the Atlantic’s Jeffrey Goldberg; and NBC’s Chief Foreign Affairs Correspondent, Andrea Mitchell.

State of the Union with Candy Crowley: Ms. Crowley’s guests are Israeli Prime Minister Benjamin Netanyahu; Susan Rice, U.S. Ambassador to the United Nations; and House Minority Leader Nancy Pelosi.

Up with Chris Hayes guest hose Sam Seder reports on the partial victory for voting rights activists in Florida who challenged the state’s efforts to purge voting rolls. The panels guests, Hooman Majd, (@hmajd) Iranian-born writer and author of the books, “The Ayatollah Begs to Differ: The Paradox of Modern Iran” and “The Ayatollahs’ Democracy: An Iranian Challenge“; Reza Aslan, (@rezaaslan) Adjunct Senior Fellow at the Council on Foreign Relations and author of  “No god but God: The Origins, Evolution, and Future of Islam“; Phyllis Bennis, Director of the New Internationalism Project at the Institute for Policy Studies, Founder of the U.S. Campaign to End Israeli Occupation, Co-chair of the UN-based International Coordinating Network on Palestine; and Eli Lake, (@ELILAKE) Senior National Security reporter for Newsweek and The Daily Beast discuss with what they learned this week.

“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: Cutting Government, Blindfolded

Mitt Romney has been rousing military-minded voters with warnings of giant defense cuts in January, but he’s only telling half the story. An alarming White House report issued Friday shows that the full impact of next year’s ham-handed budget cuts would affect virtually every government function, not just the Pentagon. [..]

These cuts, known as the sequester, were the result of the debt-limit crisis created by House Republicans last year, when they threatened to throw the government into default if the deficit were not reduced. President Obama and the Democrats tried to respond with a balanced package of spending reductions and tax increases on the rich. But when Republicans refused the deal, the two sides agreed on a different incentive: $100 billion a year in indiscriminate cuts to programs that each side holds dear.

So far, though, it hasn’t produced any serious negotiation on the deficit. The House, as recently as Thursday, has made several attempts to cancel only the defense sequester and double the size of the domestic cuts. That won’t fly with the Senate or the White House.

Robert Reich: The Wrong Way to Save Money on Health Care

Employer outlays for workers’ health insurance slowed from a 9 percent jump last year to less than half that – 4 percent – this year, according to a new survey from the Kaiser Foundation. Good news?

Our political class believes it is. The Obama administration attributes the drop to the new Affordable Care Act, which, among other things, gives states funding to review insurance rate increases.

Republicans agree it’s good news but blame Obamacare for the fact that employer health-care costs continue to rise faster than inflation. “The new mandates contained in the health care law are significantly increasing the cost of insurance” says Wyoming senator Mike Enzi, top Republican on the Senate health committee.

The attacks on US and Western embassies expanded today to nearly 20 countries in the Middle East, North Africa, and some Muslim countries in South East Asia. Angered over a irreverent You Tube video that insulted the founder of Islam, the Prophet Mohammed, angry protesters stormed American, Germany and British embassies and consulates.

At least two protesters are dead and several dozen injured when protesters stormed the US embassy in Tunis, Tunisia:

Several dozen protesters briefly stormed the U.S. Embassy compound in Tunisia’s capital, tearing down the American flag and raising a flag with the Muslim profession of faith on it as part of the protests. Protesters also set fire to an American school adjacent to the embassy compound and prevented firefighters from approaching it. The school appeared to be empty and no injuries were reported.

Earlier, several thousand demonstrators had gathered outside the U.S. Embassy, including stone-throwing protesters who clashed with police, according to an Associated Press reporter on the scene. Police responded with gunshots and tear gas. Police and protesters held running battles in the streets of Tunis. Amid the unrest, youths set fire to cars in the embassy parking lot and pillaged businesses nearby.

The state news agency TAP, citing the health ministry, said both of those killed were demonstrators, while the injured included protesters and police.

In Sudan, the German and British embassies were targeted along with the American embassy in Khartoum:

Police in the Sudanese capital fired tear gas to try to disperse 5,000 protesters who had ringed the German embassy and nearby British mission. A Reuters witness said police stood by as a crowd forced its way into Germany’s mission.

Demonstrators hoisted a black Islamic flag saying in white letters “there is no God but God and Mohammed is his prophet”. They smashed windows, cameras and furniture in the building and then started a fire.

Staff at Germany’s embassy were safe “for the moment”, Foreign Minister Guido Westerwelle said in Berlin. He also told Khartoum’s envoy to Berlin that Sudan must protect diplomatic missions on its soil.

Witnesses said police fired tear gas at thousands of protesters to stop them approaching the U.S. embassy outside Khartoum.

In the Yemen capital of Sanaa, four protesters have been killed in demonstrations and a US Marine contingent, similar to ones being sent to Egypt and Libya, has been dispatched:

Twenty-four security force members were reported injured, as were 11 protesters, according to Yemen’s Defense Ministry, security officials and eyewitnesses.

Protesters and witnesses said one protester was critically injured when police fired on them as they tried to disperse the angry crowd.

The protests in Sanaa are the latest to roil the Middle East over the online release of the film produced in the United States.

As evening came, the number of protesters dwindled and tensions began to ease, after a day in which demonstrators breached a security wall and stormed the embassy amid escalating anti-American sentiment.

No embassy personnel were harmed, U.S. officials said.

Reports that the attack in Benghazi, Libya may not have been related to the protests over the anti-Islamic video:

BENGHAZI, Libya – A Libyan security guard who said he was at the U.S. consulate here when it was attacked Tuesday night has provided new evidence that the assault on the compound that left four Americans dead, including the U.S. ambassador to Libya, was a planned attack by armed Islamists and not the outgrowth of a protest over an online video that mocks Islam and its founder, the Prophet Muhammad.

The guard, interviewed Thursday in the hospital where he is being treated for five shrapnel wounds in one leg and two bullet wounds in the other, said that the consulate area was quiet – “there wasn’t a single ant outside,” he said – until about 9:35 p.m., when as many as 125 armed men descended on the compound from all directions.

The men lobbed grenades into the compound, wounding the guard and knocking him to the ground, then stormed through the facility’s main gate, shouting “God is great” and moving to one of the many villas that make up the consulate compound. He said there had been no warning that an attack was imminent.

“Wouldn’t you expect if there were protesters outside that the Americans would leave?” the guard said.

h/t to David Dayen at FDL News Desk

Meanwhile, oil prices which climbed after the Federal Reserve announced it’s stimulus plan, rose even more due to the instability in the region.

There is obviously something radically wrong with American and Western foreign policy towards the Middle East. President Obama’s policies in the region are no different that past presidents over the last 100 years. The US has lost much of its stature in the region with it heavy handed reliance on military force to resolve problems in the Middle and Near East since September 11 and expansion of it drone attacks on alleged terrorist targets. The US needs to completely reassess these policies and take into consideration the culture and economic needs of the region.

“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

Tangerine Bolen: US Citizens’ Due Process Rights Saved from the NDAA’s Indefinite Detention

Thanks to determined citizens and a stalwart judge, American liberty is preserved from the NDAA’s most Orwellian provision

You can’t change the world if you don’t believe in impossible things. On Wednesday, I was reminded that my obstinate faith in the ability of citizens to stand up against an all-out assault on civil liberties by my own government is not so absurd, after all. Judge Katherine Forrest (an Obama-appointed judge) granted people everywhere a permanent injunction against an unconstitutional provision, section 1021, in the NDAA – and thus a reprieve from the terror of being indefinitely detained by the US military, without charge, evidence or trial.You can’t change the world if you don’t believe in impossible things. On Wednesday, I was reminded that my obstinate faith in the ability of citizens to stand up against an all-out assault on civil liberties by my own government is not so absurd, after all. Judge Katherine Forrest (an Obama-appointed judge) granted people everywhere a permanent injunction against an unconstitutional provision, section 1021, in the NDAA – and thus a reprieve from the terror of being indefinitely detained by the US military, without charge, evidence or trial.

These incredible powers that my government asserted were its absolute right to possess have been held in check by one judge, seven plaintiffs, four attorneys, public figures who publicized our case when national media would not, and supporters around the globe who pitched in to help cover court costs. My government is so unresponsive, our politics so compromised and our slide away from a democratic republic and toward tyranny so steep, that despair and paralysis would have been the more “normal” reaction in the face of things.

Tangerine Bolen is executive director of Revolution Truth, a citizen-driven first amendment campaign inspired by WikiLeaks.

New York Times Editorial: A Post-9/11 Conundrum

For 11 years, Americans have struggled to reach a sensible legal balance that protects both national security and civil liberties – an existential challenge made harder by the last president’s wild excesses and abuses of power in the name of combating terrorism. This week, a vote in Congress and a decision by a federal judge, Katherine Forrest, made starkly clear how much that remains a work in progress.

With little in the way of real debate or scrutiny, the House voted 301 to 118 to extend the FISA Amendments Act for five years, an unfortunate law passed in 2008 that expanded the government’s power to conduct surveillance without warrants in the future. It also retroactively approved the George W. Bush administration’s unlawful snooping in broad violation of Americans’ constitutionally protected privacy.

Moving in the other direction, Judge Forrest, of the Southern District of New York in Manhattan, on Wednesday permanently enjoined a controversial provision of a 2011 law in which Congress codified expansive interpretations of a president’s authority to detain individuals indefinitely, beyond the real needs of the war in Afghanistan, the campaign against Al Qaeda or legitimate counterterrorism efforts in general.

European Central Bank president Mario Draghi won the approval of the German court to implement his [plan to buy up the bonds of ailing Eurozone members and the Netherlands rejected ant-euro candidates in Parliamentary elections www.nytimes.com/2012/09/14/world/europe/european-union-celebrates-german-and-dutch-decisions.html?_r=1&ref=europe]:

PARIS – There was a general sigh of relief in the European Union this week. The cause was not better performance in the troubled and highly indebted southern countries of the euro zone, but crucial decisions made in the rich northern nations with perfect credit ratings, where skepticism about the common currency is running high.

On Wednesday, the German Constitutional Court found a way to declare that the permanent bailout fund, the European Stability Mechanism, is legal, clearing the way to use it in time to recapitalize troubled banks as well as governments. And the Dutch voted for mainstream parties in a parliamentary election, choosing not to be enticed by parties wanting to leave the euro.

Combined with the European Central Bank’s decision to restart its bond-buying program in return for more budget discipline, immediately lowering interest rates on Italian and Spanish bonds, European leaders could begin to feel that perhaps the worst is over in the euro crisis, at least for now.

The markets also “cheered” Federal Reserve president Ben Bernake’s open ended third round of quantitative easing (QE-3, not a criuse ship)

The Fed on Thursday said it would buy $40 billion of mortgage-backed securities every month until the labor market improves. The rate-setting Federal Open Market Committee, or FOMC, also said it plans to keep its federal funds rate near zero though at least mid-2015.

“While we will hear a lot of criticism on the FOMC’s aggressive moves, we shouldn’t forget that for markets, it usually doesn’t pay to fight the Fed,” wrote strategists at KBC Bank in Brussels.

The S&P 500 SPX on Thursday ended 23.43 points higher at 1,459.99, a 1.6% rise, and its highest finish since 2007. The Dow DJIA jumped 206.51 points to close at 13,539.86. The Nasdaq Composite Index COMP rose 41.52 points to 3,155.83.

From a technical standpoint, the Fed-inspired rally drove the S&P 500 above key resistance in the 1,440 to 1,445 range, said analysts at Credit Suisse. They now see room for the index to rise toward the 1,480 level or possibly 1,500 during the next one to six months.

Greece may get some wiggle room to find its way out of it financial crisis:

The Fed on Thursday said it would buy $40 billion of mortgage-backed securities every month until the labor market improves. The rate-setting Federal Open Market Committee, or FOMC, also said it plans to keep its federal funds rate near zero though at least mid-2015.

“While we will hear a lot of criticism on the FOMC’s aggressive moves, we shouldn’t forget that for markets, it usually doesn’t pay to fight the Fed,” wrote strategists at KBC Bank in Brussels.

The S&P 500 SPX on Thursday ended 23.43 points higher at 1,459.99, a 1.6% rise, and its highest finish since 2007. The Dow DJIA jumped 206.51 points to close at 13,539.86. The Nasdaq Composite Index COMP rose 41.52 points to 3,155.83.

From a technical standpoint, the Fed-inspired rally drove the S&P 500 above key resistance in the 1,440 to 1,445 range, said analysts at Credit Suisse. They now see room for the index to rise toward the 1,480 level or possibly 1,500 during the next one to six months.

These latest actions may have aided Spain’s economy, as well, but not to the extent that they won’t have to ask the ECB for help:

The turnaround has been so dramatic that it’s allowed Spain, one of the most badly affected countries, to suggest that it may not need aid after all.

“I don’t know if Spain needs to ask for it,” Spain’s Prime Minister Mariano Rajoy told parliament on Wednesday, referring to external aid.

But according to Nicholas Spiro, managing director of Spiro Sovereign Strategy, even though the ECB bond plan is “working wonders,” it won’t prevent Spain from eventually seeking a bailout.

“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: Murder in Benghazi

Libya and its pro-democracy revolution had no better friend than J. Christopher Stevens, the United States ambassador who was killed along with three other Americans in Tuesday’s attack on the consulate in Benghazi. It was an outrageous act that deserved the strongest condemnation.

President Obama’s statement of outrage and his vow to bring the killers to justice received bipartisan support, including from politicians otherwise committed to partisan warfare, like the House speaker, John Boehner, and the Senate minority leader, Mitch McConnell, who rarely misses a chance to attack Mr. Obama.

But not from Mitt Romney, who wants Americans to believe he can be president but showed an extraordinary lack of presidential character by using the murders of the Americans in Libya as an excuse not just to attack Mr. Obama, but to do so in a way that suggested either a dangerous ignorance of the facts or an equally dangerous willingness to twist them to his narrow partisan aims.

Amy Goodman: Mayor Rahm-Ney’s Attack on the Chicago Teachers Union

Unions are under attack in the United States-not only from people like Gov. Scott Walker of Wisconsin, but now, with the teachers strike in Chicago, from the very core of President Barack Obama’s inner circle, his former chief of staff and current mayor of that city, Rahm Emanuel. Twenty-five thousand teachers and support staff are on strike there, shutting down the public school system in the nation’s third-largest school district. [..]

This struggle reflects the essence of Occupy Wall Street-community members across class, race and other traditional divides uniting in disciplined opposition to corporate power. Author and journalist Chris Hedges, who has observed the Occupy movement closely, put the strike into context:

“The teachers’ strike in Chicago is arguably one of the most important labor actions in probably decades. If it does not prevail, you can be certain that the template for the attack on the union will be carried out across the country against other teachers unions and against the last redoubt of union activity, which is in the public sector, of course-firemen and police.”

For people who are wondering where Occupy is today, just look at the streets of Chicago.